Journal article

Publication year: 2017

Pages: 225-238

Journal: International Business Review

Volume number: 26

Issue number: 2

ISSN: 0969-5931

eISSN: 1873-6149

Open access status: Green

DOI Link: https://doi.org/10.1016/j.ibusrev.2016.07.001

Publisher: Elsevier

Abstract: 
In international new ventures (INVs), experiential learning happens in quick succession and across a wide number of diverse contexts. Yet, we lack an empirical understanding of the microprocesses through which INVs learn and adapt in their foreign expansion. Understanding those microprocesses is important because timely adaptation can save the venture time and resources, thus promoting sustainable growth. In this study, we investigate the dynamics of experiential learning and adaptation in the internationalisation process of an INV in the professional service sector. Findings from our study illustrate that the firm applies deliberate experiential learning by developing, revising, and finalising criteria for important dimensions in the international growth process, and adapts its internationalisation practices accordingly. We further show that deliberate experiential learning is predicated on an actively and closely monitored learning process, involving critical evaluation, adjustment of criteria, and acceptance of affordable mistakes, as opposed to learning by default. (C) 2016 Elsevier Ltd. All rights reserved.

Harvard Citation style: Bunz, T., Casulli, L., Jones, M. and Bausch, A. (2017) The dynamics of experiential learning: Microprocesses and adaptation in a professional service INV, International Business Review, 26(2), pp. 225-238. https://doi.org/10.1016/j.ibusrev.2016.07.001

APA Citation style: Bunz, T., Casulli, L., Jones, M., & Bausch, A. (2017). The dynamics of experiential learning: Microprocesses and adaptation in a professional service INV. International Business Review. 26(2), 225-238. https://doi.org/10.1016/j.ibusrev.2016.07.001