Read the following journal article:
Zahra, S.A. (2005) Theory of international new ventures: A decade of research Journal o International Business Studies, 36 (1), January, pp. 20-28.
1) Explain how the article builds on the seminal work of Oviatt and McDougall in their paper, Toward a Theory of International New Ventures, published in 1994.
2) Describe and analyze the factors identified in the Zahra article as giving competitive advantage to new firms in the globalized economy.
3) Do you agree that these are the key factors underlying success in the international business environment? Give reasons for your answer.
