Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view

Karl Warner, Jon Carrick

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Citations (Scopus)

Abstract

This chapter uses the resource based view (RBV) to study rapid internationalisation and sustained competitive advantage of life science international new ventures (INVs). Applying Hitt et al (2005) RBV framework, we research life science INVs tangible and intangible resources to assess rapid internationalisation and sustained competitive advantage. Cross-national in design, we conduct depth qualitative interviews with US and UK life science INVs to reveal resources that induce sustainable competitive advantage. Our case study findings suggest that the US and UK life science INVs are similar in that they are both rich in intangible resources and this knowledge has facilitated rapid international growth and sustained advantage. However, the results
identify that life science funding models inherently differ between the US and UK and the availability of capital impacts on survival, growth and internationalisation. We conclude by offering insights into how these critical resources can be antecedents to building dynamic capabilities that lead to rapid internationalisation and sustained competitive advantage.
LanguageEnglish
Title of host publicationInternational Entrepreneurship in the Life Sciences
EditorsMarian V Jones, Colin Wheeler, Pavlos Dimitratos
Place of PublicationCheltenham, UK
Pages175-193
Number of pages19
Publication statusPublished - 2011

Fingerprint

Competitive advantage
Resource-based view
Life sciences
Internationalization
International new ventures
Resources
Intangible resources
Sustainable competitive advantage
Funding
Dynamic capabilities
Cross-national

Keywords

  • international entrepreneurship
  • business models
  • life science

Cite this

Warner, K., & Carrick, J. (2011). Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view. In M. V. Jones, C. Wheeler, & P. Dimitratos (Eds.), International Entrepreneurship in the Life Sciences (pp. 175-193). Cheltenham, UK.
Warner, Karl ; Carrick, Jon. / Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view. International Entrepreneurship in the Life Sciences. editor / Marian V Jones ; Colin Wheeler ; Pavlos Dimitratos. Cheltenham, UK, 2011. pp. 175-193
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Warner, K & Carrick, J 2011, Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view. in MV Jones, C Wheeler & P Dimitratos (eds), International Entrepreneurship in the Life Sciences. Cheltenham, UK, pp. 175-193.

Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view. / Warner, Karl; Carrick, Jon.

International Entrepreneurship in the Life Sciences. ed. / Marian V Jones; Colin Wheeler; Pavlos Dimitratos. Cheltenham, UK, 2011. p. 175-193.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Warner K, Carrick J. Rapid internationalization and sustained competitive advantage in US and UK life science international new ventures: a resource based view. In Jones MV, Wheeler C, Dimitratos P, editors, International Entrepreneurship in the Life Sciences. Cheltenham, UK. 2011. p. 175-193