Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 59 , 05 January 2024
Open
Access | Article
The Mechanism of International Entrepreneurship to Improve the Innovation Performance of Enterprises: Based on the Perspective of Social Network
* Author to whom correspondence should be addressed.
Abstract
In order to avoid the negative impact of external disadvantages and changing international business environments, enterprises have an urgent need to establish an effective social network, seek improvement in innovation performance, and stabilize their position in the international market. This paper conducts an exploratory single case study on the Midea Group, investigates the mechanism of international entrepreneurship to improve enterprise innovation performance based on the formation of multiple social networks, including government network, business network, and technological network, and discovers that in the process of international entrepreneurship, three-dimensional social networks contribute to resource conversion, research and development capability, market share, and other factors that boost corporate innovation performance. This research helps to understand the key elements in the process of international entrepreneurship, as well as how to build a close social network with stakeholders, rationally allocate and share various resources, and improve the international business environment and innovation performance of enterprises.
Keywords
international entrepreneurship, social network, innovation performance
References
1. Mainela, T., Puhakka, V., & Sipola, S. (2018). International entrepreneurship beyond individuals and firms: On the systemic nature of international opportunities. Journal of Business Venturing, 33(4), 534-550.
2. Ozcan, P. (2018). Growing with the market: H ow changing conditions during market growth affect formation and evolution of interfirm ties. Strategic Management Journal, 39(2), 295-328.
3. Phillips, N., Tracey, P., & Karra, N. (2013). Building entrepreneurial tie portfolios through strategic homophily: The role of narrative identity work in venture creation and early growth. Journal of Business Venturing, 28(1), 134-150.
4. Peng Huatao, Pan Yueyi, Chen Yun. (2022). Research on Social Network Embedding, Dual Equilibrium Innovation, and International Entrepreneurship, Research Management, 43 (11): 45-54
5. Ozgen, E., & Baron, R. A. (2007). Social sources of information in opportunity recognition: Effects of mentors, industry networks, and professional forums. Journal of business venturing, 22(2), 174-192.
6. Chandra, Y., Styles, C., & Wilkinson, I. F. (2012). An opportunity-based view of rapid internationalization. Journal of International Marketing, 20(1), 74-102.
7. Vasilchenko, E., & Morrish, S. (2011). The role of entrepreneurial networks in the exploration and exploitation of internationalization opportunities by information and communication technology firms. Journal of International Marketing, 19(4), 88-105.
8. Zhou, L., Wu, W. P., & Luo, X. (2007). Internationalization and the performance of born-global SMEs: the mediating role of social networks. Journal of international business studies, 38, 673-690.
9. Morrow, J. F. (1988). International entrepreneurship: A new growth opportunity. New Management, 3(5), 59-61.
10. McDougall, P. P., & Oviatt, B. M. (2003). Some fundamental issues in international entrepreneurship. Entrepreneurship Theory & Practice, 18(27), 1-27.
11. Vissa, B. (2011). A matching theory of entrepreneurs' tie formation intentions and initiation of economic exchange. Academy of Management Journal, 54(1), 137-158.
12. Hao Chen, Zhang Weiguo, Li Mengya. (2021). The Value Co creation Mechanism of International Social Entrepreneurship: A Case Study from the Perspective of Social Networks, Management Review, 33 (08): 326-340
13. Wang, F., Su, Q., & Zhang, Z. (2023). The influence of collaborative innovation network characteristics on firm innovation performance from the perspective of innovation ecosystem. Kybernetes.
14. Li X, Liu X. (2023). The impact of the collaborative innovation network embeddedness on enterprise green innovation performance. Frontiers in Environmental Science, 11: 1190697.
15. Zhou Yang. (2023). A study on the impact mechanism of network connectivity on innovation behavior and performance of technology-based entrepreneurial enterprises, University of Electronic Science and technology.
16. Feng Haihong, Qu Wan. (2019). Innovation and Entrepreneurship in Social Networks and Mass Creation Spaces: A Case Study Based on Entrepreneurship Café, Research management
17. Hao Chen. (2021). Research on the Mechanism of International Entrepreneurship to Enhance Enterprise Innovation Performance, Chongqing University
18. Jiang, X., Liu, H., Fey, C., & Jiang, F. (2018). Entrepreneurial orientation, network resource acquisition, and firm performance: A network approach. Journal of Business Research, 87, 46-57.
19. Zhang, J. A., O'Kane, C., & Chen, G. (2020). Business ties, political ties, and innovation performance in Chinese industrial firms: The role of entrepreneurial orientation and environmental dynamism. Journal of Business Research, 121, 254-267.
20. Xu, L., Li, J., & Zeng, D. (2017). How does knowledge network affect a firm’s explorative innovation? The contingent role of R&D collaborations. Technology Analysis & Strategic Management, 29(9), 973-987.
21. Meng Donghui, Li Xianjun, Mei Liang, et al.(2108). Core Technology Deconstruction and Breakthrough: A Longitudinal Case Study of "Tsinghua Green Control" AMT Technology from 2000 to 2016, Research Management, 39 (06): 75-84.
22. Tsai, K. H. (2009). Collaborative networks and product innovation performance: Toward a contingency perspective. Research policy, 38(5), 765-778.
23. Yin R. K. (2018). Case study research and applications: Design and methods. 6th ed. Thousand Oaks: Sage Publications.
24. Yin, R. K. (2009). Case study research: Design and methods (Vol. 5). sage.
25. Langley, A. (1999). Strategies for theorizing from process data. Academy of Management review, 24(4), 691-710.
26. Eisenhardt K.M.,Graebner M.E.(2007). Theory Building from Cases: Opportunities and Challenges.Academy of Management Journal, 50( 1) : 25-32.
27. Liang Huanning. (2023). Research on the International Marketing Model of Midea Group, Lanzhou University of Finance and Economics
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-209-1
- ISBN (Online)
- 978-1-83558-210-7
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/59/20231027
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited