Research on Chinese Born Global Firms’International Entrepreneurial Mechanism and Development Mode.docVIP

Research on Chinese Born Global Firms’International Entrepreneurial Mechanism and Development Mode [a] Lecturer of Business and Management， Department of Business and Management， Business School， Jiaxing University， 56th South Yuexiu Road， Jiaxing City， Zhejiang Province， China. *Corresponding author. Received 10 June 2013； accepted 6 August 2013. Abstract Some small to medium enterprises have successfully expanded into overseas market after firms’ establishment or in a short period after inception， which can not be fully explained by traditional international business theories. The paper tries to explore Chinese born global firms’ entrepreneurial mechanism and development mode from multi-theoretical perspectives supported by several representative case studies from China. the paper argues that for Chinese born global firms， overseas market opportunity’s recognition and exploitation is the starting point and catalyst for Chinese born global firms’establishment and growth， global resources integration is growing mode for Chinese born global firms， overseas market knowledge and organization learning is the basis for Chinese born global firms to cultivate and maintain sustainable competitive advantages after they enter into international markets. Key words： Born global firms； Overseas market opportunity recognition； Organization learning 1. BACKGROUND OF THE RESEARCH China’s growing international integration into the world economy and its outward foreign direct investment especially by astounding cross-border MA activities such as TCL’s acquisition of Thomson in 2003， Lenovo’s acquisition of IBM in 2005 and recent Geely a obscure Chinese private-owned automobile company’s acquisition of world famous brand Volvo in 2010 have attracted international business scholars’ great attention， beneath those high visibility media coverage MA activities a large number of Chinese small and medium enterprises have also embarked on their international expansion journey， some even targ