Abstract
Transnational entrepreneurship has attracted a lot of interest from scholars around the world. The purpose of this paper is to investigate the factors that affect the internationalization of emerging transnational entrepreneurs in UK. This paper has considered only the entrepreneurs who are first generation immigration entrepreneurs who maintain business base in their home country and established a trading relation in the host country. The study focuses on the field of transnational entrepreneurship by proposing an exploratory study on Transnational Enterprise by defining the importance or relevance of different kinds of networks and also to explore the possibilities of negative factors such as bad experiences, dissatisfaction or negative perceptions of their host country, to be an inspiration to venture into transnational entrepreneurship.
Highlights
The concept of Transnational Entrepreneurship was inspired from the concept of migration and looked at from a different angle
As defined by the authors, Transnational entrepreneurs were the subset of firm-owners who travelled out of the country at least twice a year for business and their success depended on the regular business interactions with their home countries
The transnational embodiment that is marked by dual association and orientation, is affiliated with a variety of social experiences and practices that facilitate the discovery enactment and exploitation of business opportunities while considering the national culture, and local institutions during the internationalization process.(Drori et al 2006) Sequira et al (2009) define Transnational Enterprise as “a business in the ethnic economy which entails separate operational components of the enterprise being located in different countries and the transmigration of the owners in order to operate it”
Summary
The concept of Transnational Entrepreneurship was inspired from the concept of migration and looked at from a different angle It was first studied in the 20th century by anthropologists and sociologists, (Portes, et al, 2002), but afterwards becomes increasingly important for the economists due to its vested interest in the area of international business (Brzozovski, et al, 2014). Transnational entrepreneurship refers to those ventures in which an individual emigrates but still maintains economic linkages with his home country (Light 2007; Portes 1995; Saxenian 2002; Saxenian and Hsu 2001). It is observed that the migrant entrepreneurship excels in the host country; the entrepreneur would consider it possible to extend its activities to other geographical locations as well provided the home country or the country of origin provides social capital, economic resources and cultural adaptability. To fill this gap by gaining insights into the ventures of first generation transnational entrepreneurs
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