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Edited by Léo-Paul Dana
Chapter 26: Indian Perspectives of International Entrepreneurship
Shameen Prashantham Internationalization among small ﬁrms, and notably small knowledgeintensive ﬁrms (SKIFs), can be unusually rapid, and is often inﬂuenced by three aspects of the international entrepreneur: knowledge, intent and networks. However both internationalization-related and other entrepreneurial activities – and therefore international entrepreneurship – can be hampered by macroeconomic disincentives or a hostile environment. This often tends to be the case in developing economies such as India, given which, the success story of the Indian software industry acquires great signiﬁcance as a notable exception to the rule. It has emerged as an exemplar for developing economy entrepreneurs seeking their fortune in the software and other industries. Drawing on the literature relevant to international entrepreneurship, as well as secondary and some primary data on the Indian software industry, this chapter points out that international entrepreneurs in a developing economy can be successful through their own entrepreneurial eﬀorts, especially when encouraged and facilitated by favourable policy measures. There still are, however, key challenges that they have to deal with. Most studies of small ﬁrm internationalization have taken place in developed economy contexts (Bell and Young, 1998), thus depriving aspiring business people in developing economies of rigorous research-based inputs on international entrepreneurship. Even as more empirical work in this area needs to be done, this chapter seeks to oﬀer some insight into ways in which international entrepreneurs in developing contexts can achieve success, by drawing on literature relevant to internationalization and citing the example of the Indian software industry. It is...
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