NorbÃ¤ck and Persson (2014) suggest that some firms are â€œborn to be global firms,â€ like Google and Facebook. Others, however, sell themselves and their innovations to incumbent firms. The authors argue that both strategies can be beneficial, depending upon the market. How do the authorsâ€™ findings align with Pengâ€™s five entrepreneurial strategies? Do Norback and Perssonâ€™s assertions complement or contradict Pengâ€™s? What are the implications for small, new, innovative firms?
Your well-written paper should meet the following requirements:
- 4-6 pages in length
- Support your analysis by referencing and citing at least three credible sources in addition to the course textbook (attached)