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Globalization and its opportunities for small- and medium-sized enterprises

Globalization and its opportunities for small- and medium-sized enterprises
Author: Christoph Lohrmann
Publisher: GRIN Verlag
Total Pages: 7
Release: 2015-08-18
Genre: Business & Economics
ISBN: 3668032270

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Essay from the year 2013 in the subject Economics - International Economic Relations, grade: 100%, University of Sussex, language: English, abstract: Small- and medium-sized companies (SMEs) represent about 95% of enterprises in Europe, with a high amount of small companies ranging between 22% - 66% as well as high importance all over the globe. Nevertheless, the sector of SMEs has been ignored and poorly understood for many decades. Eventually, a research conducted by the economist David Birch published in 1979 revealed that especially SMEs are responsible for economic growth in general and are the prime source for job creation, accounting for up to 60% of the overall employment. As a result, the OECD considers them to be the core for economic growth and the dominant form of businesses worldwide in the future, acknowledging the importance of SMEs within global economy. Knowledge about small- and medium-sized enterprises has become even more important due to the fact that the interest of small firms to operate on foreign markets increased in the last decades. This essay depicts the characteristics of small- and medium-sized companies, compares it to multinational companies (MNCs) to determine advantages as well as disadvantages and, finally, examines certain opportunities for SMEs offered by globalization and internationalisation.


SMEs in an Era of Globalization

SMEs in an Era of Globalization
Author: Ilan Bijaoui
Publisher: Springer
Total Pages: 138
Release: 2016-11-24
Genre: Business & Economics
ISBN: 1137564733

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This book identifies the driving forces behind globalization and proposes innovative ways for small and medium-enterprises (SMEs) to confront them. More than ever, sustainable competitive advantage requires SMEs to continually adapt their strategy and confront new and current competition in the international market. SMEs working with multinational companies could also benefit from winning strategies based on a sensible analysis of rational and irrational phenomena at the micro- and macro-economic levels. This book uses different models developed and established through international business experiences to determine the relevant strategy in the global market. It illustrates each model through real, successful case studies of globalization of factor, efficiency, and innovation-driven SMEs. It will benefit scholars of entrepreneurship, international business, regional development as well as managers, governmental institutions, and regional development, and consultants to SMEs.


Small and Medium Enterprises Under Globalisation

Small and Medium Enterprises Under Globalisation
Author:
Publisher: Gyan Publishing House
Total Pages: 372
Release: 2009
Genre: Globalization
ISBN: 9788178357645

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Abstracts of papers presented during a seminar.


Small and Medium-sized Enterprises and the Global Economy

Small and Medium-sized Enterprises and the Global Economy
Author: Gerald I. Susman
Publisher: Edward Elgar Publishing
Total Pages: 359
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1847204430

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Globalization has jarred the traditional role and competitiveness of small- and medium-sized enterprises. This masterful volume comprises leading scholars, policy makers and business leaders who have new insights and strategies for SMEs creating opportunities rather than being victims of globalization. The result is a breakthrough in our understanding of entrepreneurship in the global context. David B. Audretsch, Indiana University, Bloomington, US and WHU, Germany Small and medium-sized enterprises (SMEs) often have difficulty competing in the global economy unless they collaborate with domestic or foreign partners or with public sector organizations. This book addresses the resource leverage and innovation challenges that increased global trade represents for SMEs. In doing so, it explores how SMEs can become more competitive at home and in foreign markets as stand-alone firms or as members of supplier and customer networks. SMEs are turning increasingly to innovation as a source of competitive advantage in order to protect their home markets and participate in expanding foreign markets. The contributors to this volume leading experts in entrepreneurship, innovation, and international business provide in-depth coverage of the most compelling issues facing SMEs. These include: innovation as a competitive strategy, network dynamics, ways to leverage technology, internationalization, and the role of the public sector in helping SMEs to overcome resource deficiencies. This comprehensive look at SMEs in the global marketplace will be of great interest to academics who study entrepreneurship, innovation, or international business, officials from public sector agencies with responsibility for helping SMEs to internationalize and become more innovative, and senior executives of SMEs or executives of larger companies who are considering collaboration with SMEs.


Small and Medium-Sized Enterprises in the Global Economy

Small and Medium-Sized Enterprises in the Global Economy
Author: Zoltan J. Acs
Publisher: University of Michigan Press
Total Pages: 192
Release: 2010-08-10
Genre: Business & Economics
ISBN: 0472027220

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Entrepreneurship and globalization are two much-examined forces as we enter the new millennium--yet very little has been published on the intersection of small and medium-sized enterprises (SMEs) and the global economy. To close the gap, this volume delves into the intricate roles and consequences of such businesses on both global and domestic economies. The first part of the volume provides an overview of the phenomenon of globalization, arguing that entrepreneurial discovery and technological change lead to globalization, which in turn leads to further opportunity for entrepreneurial discovery--no less for SMEs than for multinational corporations. In part two, the essays examine the role of SMEs in the global economy and why they are thriving. Part three reviews the roles of SMEs and innovators and examines their roles in direct foreign investment. Part four explores the role of technological diversity and knowledge spillovers as a way to explain the superior innovative performance of SMEs. Part five looks at the role of SMEs in technology transfer. Finally, part six examines the theoretical and policy implications of the international activities of SMEs, suggesting that policies should aim to reduce the costs in international expansion for SMEs. This volume will provide the foundation for further study in SMEs and globalization. It will appeal to scholars and students in both international business and economics. Zoltan J. Acs is Professor of Economics and Finance, University of Baltimore. Bernard Yin Yeung is Professor of International Business, University of Michigan.


Globalization and Entrepreneurship

Globalization and Entrepreneurship
Author: Hamid Etemad
Publisher: Edward Elgar Publishing
Total Pages: 272
Release: 2003-01-01
Genre: Business & Economics
ISBN: 9781843767084

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Globalization has begun to dismantle the barriers that traditionally segregated local business opportunities and local firms from their international counterparts. The works in this collection provide new insights on both traditional and emerging aspects of small and medium sized enterprises.


The Changing Role of SMEs in Global Business

The Changing Role of SMEs in Global Business
Author: Alkis Thrassou
Publisher: Springer Nature
Total Pages: 258
Release: 2020-11-08
Genre: Business & Economics
ISBN: 3030458318

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SMEs are significant job creators and drivers of innovation and competition in most economic sectors. Furthermore, the traditional constraints of small and medium enterprises, such as geographic operations, are now being dissolved by technological developments. This means that there are new opportunities for SMEs, and their fundamental principles are being redefined: the aims, competencies, strategy, management, practice, and scope of these businesses are changing, with wide-ranging implications. This is the first part of a two volume work that incorporates scientific chapters on SME business theory and practice. Authors provide a balanced perspective of the present and future of SMEs across all business disciplines, including management, strategy, marketing, economics, and finance. While Volume II explores external issues such as contextual forces, the effects of the financial crisis, and macro-economic effects, this first volume focuses on the individual SME and internal issues such as innovation, quality, and digitization.


Innovation and Market Globalization

Innovation and Market Globalization
Author: Carlo Corsi
Publisher: IOS Press
Total Pages: 174
Release: 2000
Genre: Business & Economics
ISBN: 9780967335575

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Fourteen papers, presented at a NATO-sponsored workshop held in September 1998 in Samarkand, address development trends in the transition countries of Central Asia. Workshop goals were to stimulate industry RandD for "small medium enterprises" and foster cooperation between East and West; participants included researchers from the science, technology, and business sectors in Europe, Georgia, Kazakhstan, Turkey, Ukraine, the US, and Uzbekistan. The papers are in English, sometimes to their detriment as a result of inexpert translation. c. Book News Inc.


Surviving Supply Chain Integration

Surviving Supply Chain Integration
Author: National Research Council
Publisher: National Academies Press
Total Pages: 162
Release: 2000-03-23
Genre: Technology & Engineering
ISBN: 0309173418

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The managed flow of goods and information from raw material to final sale also known as a "supply chain" affects everythingâ€"from the U.S. gross domestic product to where you can buy your jeans. The nature of a company's supply chain has a significant effect on its success or failureâ€"as in the success of Dell Computer's make-to-order system and the failure of General Motor's vertical integration during the 1998 United Auto Workers strike. Supply Chain Integration looks at this crucial component of business at a time when product design, manufacture, and delivery are changing radically and globally. This book explores the benefits of continuously improving the relationship between the firm, its suppliers, and its customers to ensure the highest added value. This book identifies the state-of-the-art developments that contribute to the success of vertical tiers of suppliers and relates these developments to the capabilities that small and medium-sized manufacturers must have to be viable participants in this system. Strategies for attaining these capabilities through manufacturing extension centers and other technical assistance providers at the national, state, and local level are suggested. This book identifies action steps for small and medium-sized manufacturersâ€"the "seed corn" of business start-up and developmentâ€"to improve supply chain management. The book examines supply chain models from consultant firms, universities, manufacturers, and associations. Topics include the roles of suppliers and other supply chain participants, the rise of outsourcing, the importance of information management, the natural tension between buyer and seller, sources of assistance to small and medium-sized firms, and a host of other issues. Supply Chain Integration will be of interest to industry policymakers, economists, researchers, business leaders, and forward-thinking executives.


Globalization of Production and the Competitiveness of Small and Medium-sized Enterprises in Asia and the Pacific

Globalization of Production and the Competitiveness of Small and Medium-sized Enterprises in Asia and the Pacific
Author: United Nations. Economic and Social Commission for Asia and the Pacific
Publisher:
Total Pages: 0
Release: 2009
Genre: Asia
ISBN: 9789211205909

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"The principal aim of this publication is to fill a perceived gap in policy-related research and understanding of the development of the small and medium-sized enterprise (SME) sector in the Asia-Pacific region, in the context of a rapidly changing and mutating international business environment. To foster growing national economies, policymakers in virtually all countries are expected to facilitate the entry of new business ventures and to increase the competitiveness of SMEs. SMEs typically account for the vast majority of companies in an economy, create the majority of employment, and are responsible for a substantial number of technical innovations in various sectors. Thus, their growth and survival are critical for sustainable and inclusive socio-economic development under intensified global competition. However, the outbreak of the global economic crisis in 2008 added to the challenges faced by SMEs--and policymakers seeking to support the SME sector in an increasingly volatile international business environment. SME development is a key ingredient in the policy mix that will allow international business to return to healthy growth and permit Asia-Pacific economies to return to robust and inclusive growth. Although considerable research has already been undertaken in this broad field, many developing countries in Asia and the Pacific lack a comprehensive understanding of the rapidly changing needs of the business sector--a result of the ongoing globalization of productio--and how such needs should be taken into account in the design and implementation of effective enabling policy frameworks for SME development." --Publisher's website.