Strategic orientation, strategic renewal, and the international performance of born global firms

Abstract The international business environment is both dynamic and turbulent. Accordingly, a new venture’s strategic orientation (SO) ability to undertake renewal (SR) are of great importance its survival, growth performance. Building on the capability perspective, we explore how SR mediates relationship between SO performance mature born global firms (BGFs). In particular, examine direct indirect interplay BGFs their outcomes. We use sample 195 export-oriented BGFs, derived from Bangladeshi apparel industry. hierarchical regression analysis technique test effects. mediation effect examined using three statistical tests – Baron Kenney’s (1986) causal steps approach, Sobel test, Hayes with bootstrapping method ensure validity reliability our findings. results reveal positive association that this mediated by firms’ capability. contribute greater understanding drivers BGFs’ demonstrating link capability, which in turn affects