Entrepreneurial firms and globalisation: A theoretical perspective of faster speed to market for global traders

This paper is part of a broader program that is opening up a new area of research, namely: institutional preparedness for entrepreneurial economic development. In particular, it examines the preparedness of industry associations for economic development. The membership of these associations is predominantly made up of entrepreneurial firms that are trading globally (Obrecht 2000: p.185). This paper explores individual entrepreneurial firms’ collaborative strategies to maximize the likelihood of faster speed to market for global traders (Tan 2000: p.423). Wherever there is change in a society you will find entrepreneurial firms carrying out innovation (Schumpeter 1934). The current era is clearly one of great change. Specifically, this paper conceptualises a theoretical model that clarifies the variations in both trust and powerdependence of institutional structures.