What are the main characteristics of born global firms? Evaluate the drivers of market globalization that have allowed born global firms such as Instagram to internationalize at, or near, their founding. What advantages do you think a young company can gain by entering international markets soon after their founding?Embed course material concepts, principles, and theories (which require supporting citations) along with at least two scholarly peer-reviewed references in support of your answer. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to the scholarly references.Use APA style guidelines, citing references as appropriate. Post your initial response early and check back often to continue the discussion.Be sure to support your statements with logic and argument, using at least two peer reviewed articles and citing them to support your statements. Post your initial response early and check back often to continue the discussion.You are required to reply to at least two of your peers’ discussion post answers to this weekly discussion question and/or your instructor’s response to your post. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post’s answer. Normal course dialogue doesn’t fulfill these two peer replies, but is expected throughout the course. Answering all course questions is also required. RequiredChapter 2: “Globalization of Markets and the Internationalization of the Firm” in International Business: The New RealitiesMurray, A. (2019). The next phase of globalization: Cheap labor is out, the best talent is in. Fortune.Cuervo-Cazurra, A., & Ramamurti, R. (2017). Home country underdevelopment and internationalization: Innovation-based and escape-based internationalization. Competitiveness Review: An International Business Journal, 27(3), 217-230.McCormick, M., & Somaya, D. (2020). Born globals from emerging economies: Reconciling early exporting with theories of internationalization. Global Strategy Journal, 10(2), 251–281.Naz, A., & Ahmad, E. (2018). Driving factors of globalization: an empirical analysis of the developed and developing countries. Business and Economic Review, 10(1), 133-157.
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