Literature on firm internationalization has pointed out knowledge and learning as central components in the internationalization process. While much research has emphasized the development of experience in the firm as the main source of new knowledge, this notion has also been challenged. Furthermore, in internationalization literature, most attention has been paid to market entry and far less to growth in the market thereafter. This research addresses how internationalizing firms capture growth opportunities by acquiring new knowledge in foreign markets. The purpose is to describe and explain how internationalizing firms learn about foreign markets by combining various knowledge sources in order to realize growth opportunities in these markets. To address this purpose, data from two steps of data collection is analyzed. The first step contains qualitative focus-group data from seven Swedish firms and aims to describe learning from a combination of knowledge sources, which leads to the development of a typology of learning strategies. The tentative results from the first step are established in the second step, which contains survey data from 144 internationalizing Swedish firms. In addition to validating the typology, data from the second step explains heterogeneous knowledge outcomes based on differences in learning strategies, suggesting that a diversified strategy has the greatest potential for learning. These results indicate that external knowledge matters more than what has been previously recognized. Furthermore, the results show curvilinear effects of knowledge of the local network and international spread on the realization of international growth opportunities. By integrating components from international entrepreneurship, this research may contribute to internationalization-process literature by (1) describing the typology of how internationalizing firms learn in foreign markets, (2) establishing the described types and explaining the knowledge consequences for internationalizing firms, and (3) explaining how this knowledge impacts the ability to realize international opportunities. This chain of components provides the links between learning and growth of the internationalizing firm beyond the initial market entry.

The purpose of this thesis is to study how two small and medium sized Swedish apparel firms internationalize their business activities.The international business activities are more frequent now than ever because cross border trade barriers are much less today. The companies internationalize their business operations for several reasons. High saturation in the local market, cheap supply line, hunting for resources and potential opportunities in the international market are the driving factors for internationalization. The small and medium sized enterprises (SMEs) have no exception from such motives. Generally (SMEs) have fewer resources than big multinationals therefore internationalization is more difficult and challenging for (SMEs). The existing internationalization theories highlight several ways for internationalization. The internationalization process model depicts that companies extend their business activities from less to far psychic distance countries and gradually increase their commitment in the international market based on experiential knowledge i.e. knowledge learned by doing. The revised model argued that companies involve in internationalization by utilizing domestic or international network. The psychic distance concept argued that companies face two types psychic distance i.e. inter – country and inter – firm psychic distance. We developed our interaction process model for internationalization. According to the interaction process model when firms start interaction within network these have higher psychic distance level and lower trust and commitment because firms initially interact occasionally. With the passage of time as the interaction of firms within network gains some pace the psychic distance level started to reduce and trust and commitment builds upward. Finally a stag arrives when psychic distance level reached at least stage and inversely trust and commitment at higher level and this result into international opportunity. Thus firms by hunting international opportunity gets involve in internationalization. Inversely, international opportunity can also be developed at initial or middle stage and interaction process start at later stages. But in such situation psychic distance level is comparatively high and trust and commitment will be low because there is no or lesser interaction among firms. The internationalization in such a way will be more risky.

[pt] O presente estudo tem como objetivo central investigar o processo de reconhecimento de oportunidades no exterior por pequenas e médias empresas brasileiras. Este estudo se caracteriza como uma pesquisa longitudinal, que busca entender o fenômeno investigado a partir da perspectiva de processos. As teorias existentes em Negócios Internacionais assumem implicitamente que a internacionalização das firmas é precedida pelo processo de formação de oportunidades, mas apresentam pouca explicação sobre este processo, independentemente de as oportunidades serem criadas ativamente, descobertas aleatoriamente ou por meio de pesquisas Na literatura de empreendedorismo, apesar do crescente interesse pelo estudo de oportunidades, não foi encontrado nenhum modelo que descrevesse o processo de formação de oportunidades como um processo efetivamente. No campo de Empreendedorismo Internacional (EI) pouca atenção parece ter sido dispensada ao processo de reconhecimento de oportunidades internacionais desde que este subtema emergiu na literatura. Uma vez que EI deve integrar tanto as perspectivas teóricas de Negócios Internacionais quanto de Empreendedorismo, a revisão de literatura se divide em duas partes. A primeira apresenta a discussão ontológica sobre a natureza e formação das oportunidades empreendedoras, bem como o posicionamento teórico adotado. Na segunda parte busca-se identificar os fatores e os mecanismos pelos quais estes influenciariam o reconhecimento de oportunidades internacionais. O presente trabalho adotou a perspectiva teórica de Effectuation, uma vez que esta teoria, originária do campo do empreendedorismo, adota a lente de processos sobre a ação empreendedora e privilegia a lógica de controle sobre a lógica de previsão para as decisões estratégicas da firma em contextos de incerteza. De fato a teoria de Effectuation é adequada como embasamento para as teorias de internacionalização dado que a decisão de se internacionalizar é usualmente modelada como um processo e não uma decisão estratégica deliberada e orientada por metas em determinado momento do tempo. A seguinte pergunta orientou o estudo: Como empresas de porte pequeno e médio reconhecem oportunidades no mercado internacional? Observa-se que a pergunta endereçada neste trabalho busca entender como o fenômeno, reconhecimento de oportunidades internacionais, emerge, se desenvolve, cresce ou termina ao longo do tempo. Dessa forma, a perspectiva de processo parece ser a mais adequada para responder a pergunta de pesquisa. Assim sendo, conduziram-se dois estudos de casos longitudinais em empresas em fase de reconhecimento de oportunidades internacionais. Como método de coleta de dados adotou-se a observação em tempo real na qual as duas empresas foram acompanhadas por aproximadamente dois anos. A abordagem longitudinal em tempo real permitiu acompanhar os processos internos das organizações por tempo suficiente para observar como os empreendedores enxergam problemas e oportunidades no mercado externo e como reagem a eles. Os resultados permitiram traçar a evolução do processo de reconhecimento de tais empresas, identificando etapas e eventos importantes. Também foram identificados os fatores e os mecanismos que contribuíram para o reconhecimento das oportunidades no mercado internacional, sendo confrontados com a literatura sobre o tema. Por fim, os resultados obtidos adicionam conhecimento tanto sobre a internacionalização de empresas quanto para o campo do Empreendedorismo Internacional. / [en] The present study has as main objective to investigate the process of recognition of international opportunities by small and medium Brazilian firms. This study is characterized as a longitudinal research, which seeks to understand the phenomenon investigated from the perspective of processes. Existing theories in International Business implicitly assume that the internationalization of firms is preceded by the process of opportunity formation, but presents little explanation of this process, whether opportunities are actively created, discovered randomly or through research. In the entrepreneurship literature, despite the growing interest in the study of opportunities, no model was found that described the process of opportunity formation as a process effectively. In the field of International Entrepreneurship (IE) little attention seems to have been dispensed with the process of recognizing international opportunities since this theme emerged. Since IE sould integrate both the theoretical perspectives of International Business and Entrepreneurship, the literature review is organized into two parts. The first presents the ontological discussion about the nature and the formation of entrepreneurial opportunities, as well as the theoretical positioning adopted. The second part seeks to identify the factors and mechanisms by which these would influence the recognition of international opportunities. The present work adopted the theoretical perspective of Effectuation, since this theory, originating in the field of entrepreneurship, adopts the lens of processes on the entrepreneurial action and privileges the logic of control over the forecasting logic for the strategic decisions of the firm in contexts of uncertainty. In fact, Effectuation theory is adequate as a basis for internationalization theories given that the decision to internationalize is usually modeled as a process rather than a deliberate and goal-oriented strategic decision at a given point in time. The following question guided the study: How do small and medium sized companies recognize opportunities in the international market? The question addressed in this paper seeks to understand how the phenomenon, recognition of international opportunities, emerges, develops, grows or ends over time. In this way, the process perspective seems to be the most adequate to answer the research. Thus, two longitudinal case studies were conducted in companies that are recognizing international opportunities. As a method of data collection, real-time observation was used in which the two companies were monitored for approximately two years. The longitudinal real-time approach has allowed tracking the internal processes of organizations long enough to observe how entrepreneurs see problems and opportunities in the external market and how they react to them. The results allowed the observation of the evolution of the process of recognition of such companies, identifying important steps and events. The factors and mechanisms that contributed to the recognition of opportunities in the international market were also identified, being confronted with the literature on the subject. Finally, the results obtained add knowledge both to International Bussines and to the field of International Entrepreneurship.

This thesis aims to examine the internationalization of Swedish social entrepreneurs, with the purpose to acquire a more profound understanding of how social entrepreneurial supporting institutions influence their discovery of international opportunities, as well as their exploitation of the identified opportunities. The study is conducted with qualitative methodology and was conducted by examining the concept of Swedish social entrepreneurship carried out in an international context.

During the last three decades, research and activity within international entrepreneurship have accelerated. The international entrepreneurial process consists of, for instance, international opportunities that are recognized as a critical function. Over time, the research view of the entrepreneur within the entrepreneurial process has shifted from being an individual to being more frequently discovered as plural, and more recent studies emphasize that the entrepreneurial team is the primary catalyst for new venture creation. However, the complexity differs for the entrepreneurial teams that internationalize since uncertainty and increased risk, which may require appropriate levels of collective cognition affecting the teams and international opportunities. This thesis aims to combine aspects of international entrepreneurship and international business with exploring to what extent the collective cognition of entrepreneurial teams determines the discovery and exploitation of international opportunities within Swedish SMEs. By investigating from the entrepreneurial team perspective, this thesis strives to present a more accurate picture of the impact of collective cognition on organizations' international opportunities. An abductive research approach combined with a qualitative method has been applied to ensure a more extensive understanding of the subject. The literature review provides definitions as well as an in-depth understanding of the thesis’ four core concepts; collective cognition, internationalization, international opportunities, and entrepreneurial teams. Finally, the theoretical framework concludes with a conceptual framework model explaining how the concepts are related. The empirical findings tie together with the theoretical framework, and the concepts are further analyzed in relation and contrast to each other. Lastly, the findings are gathered in the final chapter, concluding that entrepreneurial teams’ international opportunities are influenced by collective cognition in Swedish SMEs, which can play an essential role in the internationalization and discovery and exploitation of further international opportunities. / Nej