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Scalability as a Catalyst for International Growth when Bootstrapping

Eriksson, Axel LU ; Gårdlund, Felicia LU and Shevchenko, Diana LU (2024) IBUH19 20241
Department of Business Administration
Abstract
Existing literature has yet to cover the enabling factors of how firms manage international growth while bootstrapping. This study contributes to the literature by delving into the intricate relationship between bootstrapping, scalability, and international growth in the context of financially independent firms aiming to achieve a multinational status. The study sheds light on how entrepreneurs maintain financial independence and leverage scalable business configurations to expand globally. Through a case study of a multinational firm in the fashion industry based in Sweden, the research uncovers the factors explaining the company's growth and internationalization. The findings highlight the significance of scalability, long-term... (More)
Existing literature has yet to cover the enabling factors of how firms manage international growth while bootstrapping. This study contributes to the literature by delving into the intricate relationship between bootstrapping, scalability, and international growth in the context of financially independent firms aiming to achieve a multinational status. The study sheds light on how entrepreneurs maintain financial independence and leverage scalable business configurations to expand globally. Through a case study of a multinational firm in the fashion industry based in Sweden, the research uncovers the factors explaining the company's growth and internationalization. The findings highlight the significance of scalability, long-term relationships, agility and openness to internationalization for financially independent firms in reaching a multinational status. However, while these factors are enablers, a lean mindset stemming from bootstrapping is found to be a counteracting factor to international growth. The study also finds that financial performance management is necessary for maintaining bootstrapping as a viable long-term financing decision. The practical implications unfold recommendations to both entrepreneurs and startup incubators on international venture growth without external financing. (Less)
Please use this url to cite or link to this publication:
author
Eriksson, Axel LU ; Gårdlund, Felicia LU and Shevchenko, Diana LU
supervisor
organization
course
IBUH19 20241
year
type
M2 - Bachelor Degree
subject
keywords
Bootstrapping, Scalability, Internationalization, Venture Growth, Financial Independnece, Lean Mindset, Scalable Business Configuration, Resource Management
language
English
id
9159439
date added to LUP
2024-08-07 17:36:51
date last changed
2024-08-07 17:36:51
@misc{9159439,
  abstract     = {{Existing literature has yet to cover the enabling factors of how firms manage international growth while bootstrapping. This study contributes to the literature by delving into the intricate relationship between bootstrapping, scalability, and international growth in the context of financially independent firms aiming to achieve a multinational status. The study sheds light on how entrepreneurs maintain financial independence and leverage scalable business configurations to expand globally. Through a case study of a multinational firm in the fashion industry based in Sweden, the research uncovers the factors explaining the company's growth and internationalization. The findings highlight the significance of scalability, long-term relationships, agility and openness to internationalization for financially independent firms in reaching a multinational status. However, while these factors are enablers, a lean mindset stemming from bootstrapping is found to be a counteracting factor to international growth. The study also finds that financial performance management is necessary for maintaining bootstrapping as a viable long-term financing decision. The practical implications unfold recommendations to both entrepreneurs and startup incubators on international venture growth without external financing.}},
  author       = {{Eriksson, Axel and Gårdlund, Felicia and Shevchenko, Diana}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Scalability as a Catalyst for International Growth when Bootstrapping}},
  year         = {{2024}},
}