Generating social capital in globalised networks for growth and development in nascent entrepreneurial ventures

Global markets are no longer dominated by multinational enterprises (MNEs) alone, international new ventures (INVs) or born globals are increasingly becoming serious contenders in terms of employment & wealth creation as well as revenue generation. In seeking to penetrate global markets they often rely on their entrepreneurial behaviours. Specifically, these nascent but entrepreneurial firms often take advantage of existing and newly developed networks, both domestically and internationally, to expand their business operations while establishing unique advantages. They are quick to recognise business opportunities and they redirect their efforts to influence economic transformation regardless of their location. In doing so. they appear to take advantage of technological advancements, market liberalisation and integrated economies to mitigate the impact of their small sizes and limited resources by forging global networks. In light of the above, this seminar explores various strategies nascent. proactive and risk taking entrepreneurial ventures use to take advantages of the opportunities globalised markets offer including funding.