Abstract:

International entrepreneurship has become a major theme in international business, which is defined as the “discovery, enactment, evaluation, and exploitation of opportunities across national borders to create future goods and service”. Born globals are “entrepreneurial start-ups that, from or near their founding, seek to derive a substantial proportion of their revenue from the sale of products in international markets”.Recognition of born globals (BGs) as important and distinctive organizations across the global economy has been growing in recent. Research on the growth of born globals has made amazing progress, attracting wide attention from academic, practitioners and policy makers. Born globals show significantly different business behaviors from the increasingly internationalized SMEs, as well as obvious mismatch with the traditional Uppsala model. However, little is known in the existing literature about the nature of the growth process of inherently international enterprises, including how they overcome the "liability of foreignness", "liability of newness" and “liability of scale”. As we all know, the sustainable development of born globals not only depends on the development of existing resources and capabilities, but also depends on implementing and balancing the dual innovation strategy.The literature has used the resource-based theory or the knowledge management viewpoint to explain the non-path dependent behavior of born globals. We all believe that the accumulation of innovation elements can accelerate the rapid development of born globals. There is a positive correlation between entrepreneurial experience and business success. International entrepreneurship experience is the cornerstone of expanding the knowledge base of born globals, the premise of promoting the accumulation of innovation elements, and more related to the effectiveness of the implementation of the dual innovation strategy. In the complex and changeable international market, exploring the dynamic relationship between international entrepreneurship experience, innovation elements accumulation and dual innovation of international enterprises is an important theme to be solved urgently in the field of international entrepreneurship, knowledge management and innovation. But existing research has not yet given the born globals have received a good education, senior managers or entrepreneurs with international experience, combined with the natural internationalization enterprise under the innovative elements constraints to cope with the challenge of disruptive change, facing the dilemma of dual innovation, focusing on the existing innovation opportunity for how to avoid missed opportunities for new innovation at the same time, and how to balance the relationship between them. Therefore, this study is helpful to reveal the micro-mechanism of innovation elements accumulation and dual innovation of born globals from the perspective of entrepreneurial experience, enrich the growth theory of innately internationalized enterprises, and provide theoretical basis for the formulation of innovation policies to promote innovation elements to agglomeration of innately internationalized enterprises.The international entrepreneurial experience is the cornerstone of expanding the knowledge base of born globals, and it is the precondition for accelerating the accumulation of innovation elements, and it is also related to the effectiveness of the born globals in implementing the dual innovation strategy. Through the analysis of the international entrepreneurial experience supporting the intrinsic link of the dual innovation of the born globals, the model of the dual innovation of the born globals based on international entrepreneurial experience was constructed. Using SPSS21.0 and AMOS21.0 software, the research data collected from 215 survey questionnaires were analyzed. The research results show that the international entrepreneurial experience does not directly affect exploratory innovation of the born globals, but it has a positive correlation with its exploitative innovation. The accumulation of innovation elements plays a mediating role between the international entrepreneurial experience and dual innovation of born globals. The exploitative innovation of the born globals has a positive correlation with the exploratory innovation; The conclusions of this study provide useful lessons for China′s born globals to carry out dual innovation activities.Firstly, it is proved that international entrepreneurial experience is an important predictor of the accumulation of innovation elements. Although more and more studies have confirmed the relationship between international entrepreneurship experience and enterprise innovation performance, there are few literature studies on the relationship between the accumulation of innovation elements. The empirical results show that there is a positive correlation between the experience of international entrepreneurship and the accumulation of innovation elements, revealing the microscopic mechanism of the accumulation of innovation elements in inherently internationalized enterprises, and expanding the research on the pre-dependent variables of dual innovation.Secondly, the accumulation of innovation elements plays an intermediary role between international entrepreneurship experience and dual innovation of born globals. It proves that the accumulation of innovation elements is the "propeller" of development innovation and exploration innovation, as well as the "transmitter" of international entrepreneurship experience. Therefore, in the process of growth, born globals should pay attention to the cultivation and promotion of entrepreneurs′ international entrepreneurial experience, promote the accumulation of innovation elements, and support born globals′ dual innovation activities. This conclusion provides an empirical basis for the scientific formulation of relevant innovation policies, support, cultivation and leverage of innovation elements for naturally internationalized enterprises, especially for innovation-driven enterprises.The exploitative innovation of the born globals has a positive correlation with the exploratory innovation. Born globals are naturally more internationalized enterprises belong to small and medium-sized enterprises, only in the growing, overcoming the disadvantage of lack of innovation resources, to develop high level open innovation, continuous improvement of existing products in the international market segments, to meet consumer demand preference, based on the existing mining new technology new opportunities to explore the international market, and promote the internationalization of natural significantly enhance business growth performance. In order to achieve sustainable development in the context of international competition, born globals must continuously engage in exploratory innovation activities and exploitative innovation activities, and strive to explore and improve the methods of exploratory innovation and exploitative innovation, so as to improve the overall innovation ability and competitive advantage of enterprises.

Key words: international entrepreneurial experience, innovation elements accumulation, born global, dual innovation