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Small and Medium Sized Enterprises. Which Internationalization Strategies Do They Have?

Small and Medium Sized Enterprises. Which Internationalization Strategies Do They Have?
Author: Yannik Schmalstieg
Publisher:
Total Pages: 52
Release: 2019-05-16
Genre:
ISBN: 9783668958869

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Bachelor Thesis from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Tubingen, language: English, abstract: Intriguingly, most research on internationalization strategies focuses on large, multinational enterprises. This is unjustifiable given the economic importance of small and medium-sized enterprises (SMEs) or the emergence of small firm types such as "Born Globals". The goal of this thesis is to undo the neglection of SMEs and provide fresh insights into the topic of SME internationalization from a strategic viewpoint. The thesis complements literature by thoroughly analyzing the relationships between the most important elements of small firm internationalization. By summarizing the extant literature about internationalization drivers and barriers, entry modes and strategies of SMEs, the understanding and appreciation of prevalent concepts will be fostered. The result, a conceptual interplay framework, provides a sound base for managerial decision-making and effective governmental policies that seek to promote SME internationalization. Furthermore, scholars might find it useful as a fruitful starting point for further research in the respective field. It is derived from the most relevant internationalization models and focuses on the strong interaction between networks, knowledge and the entrepreneur. Small in size and confronted with resource constraints, it is particularly difficult to cross national borders. This handicap is further fueled by the lack of academic literature which predominantly focuses on internationalization strategies of multinational enterprises (MNEs). It is widely known, however, that SMEs are not just smaller forms of MNEs. It follows that internationalization models for MNEs might not be suitable to describe small firm behavior. Olejnik thus argues that a distinction between process patterns of MNEs and SMEs has to be made. Differences between SMEs and MNEs exist


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.


Cases on Internationalization Challenges for SMEs

Cases on Internationalization Challenges for SMEs
Author: Moreira, António Carrizo
Publisher: IGI Global
Total Pages: 351
Release: 2020-11-06
Genre: Business & Economics
ISBN: 1799843882

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With the globalization process, firms are seeking to expand their activities to international markets but are also “feeling” expanded competition from abroad. Small and medium-sized enterprises (SMEs), though seeking to expand abroad, have particularities that hinder their natural international expansion path due to particular barriers and challenges that most multinational firms have already overcome. Cases on Internationalization Challenges for SMEs provides a set of case studies on the internationalization of SMEs in order to share the latest empirical research findings in the field of internationalization in the context of a globalized world, and which considers a highly competitive international business setting. This includes examining the main reasons for the success or failure of the process of internationalization of SMEs and their inherent activities. Covering topics that include competitive advantage, export performance, and inward internationalization, this book targets managers, executives, and entrepreneurs concerned with how to adapt their companies to a fast-changing international business environment, how to conduct internationalization strategies, how to choose the most adequate international entry modes, and how to adapt their products and strategies to international markets. It is also suited for academicians, researchers, and students in the field of management.


Motivating SMEs to Cooperate and Internationalize

Motivating SMEs to Cooperate and Internationalize
Author: George Tesar
Publisher: Routledge
Total Pages: 257
Release: 2017-09-18
Genre: Business & Economics
ISBN: 1315412594

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Interest in generally expanding the understanding of small and medium-sized enterprises, especially understanding their strategies and operations to enter international markets, is growing rapidly among researchers and academics globally. Government officials, regional and economic specialists, and international trade advisers are directly involved in assisting small and medium-sized enterprises in developing their international marketing expertise. Motivating SMEs to Cooperate and Internationalize consists of research studies, cases, and experiences obtained by researchers and academics from managers of small and medium-sized enterprises in Northern Europe as they worked closely with managers on issues and problems leading to internationalization of enterprises. This book will map not only the attempts of small and medium-sized enterprises in Northern Europe to enter foreign markets, but also to understand how researchers and academics can help small and medium-sized Northern European enterprisers achieve their objectives. This compilation of approaches, perspectives, and experiences will serve as a resource tool for researchers and academics active in international management training programs worldwide and help illustrate how to close the gap between publishing results of their findings and efforts to disseminate their findings among managers of small and medium-sized enterprises in their domains. This book is the first attempt to integrate results of research studies and practices as an illustration of how knowledge of small and medium-sized enterprises has evolved since the 1980s with the contributions of individual researchers and academics in Northern Europe. It will be of relevance to academics and researchers interested in working closely with small and medium-sized enterprises to meet their goals in entering international markets.


Key Success Factors of SME Internationalisation

Key Success Factors of SME Internationalisation
Author: Noémie Dominguez
Publisher: Emerald Group Publishing
Total Pages: 272
Release: 2018-08-22
Genre: Business & Economics
ISBN: 1787542777

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This collective book offers a cross-country perspective on the internationalisation of small and medium-sized enterprises (SMEs). Scholars from prestigious institutions in Europe, North America, Australia and China provide new insights on how SMEs develop and perform their international activities.


Internationalization of SMEs

Internationalization of SMEs
Author: Nelly Daszkiewicz
Publisher:
Total Pages: 109
Release: 2012
Genre: Small business
ISBN: 9788373484115

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Internationalization Strategies for Small Business

Internationalization Strategies for Small Business
Author: Konstantin Klaus
Publisher:
Total Pages: 24
Release: 2019-04-08
Genre:
ISBN: 9783668938236

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Seminar paper from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of applied sciences Frankfurt a. M., course: Strategic Management, language: English, abstract: This paper focuses on different internationalization strategies for small business. The current term paper should explain the basics by defining the essential terms. Subsequently, reasons and motives for internationalization strategies listed for small business. As a result, conceivable market entry forms are to be set out with their advantages and disadvantages. Based on the strategy forms, the opportunities and risks that could arise for small and medium-sized enterprises (SMEs) in an international market entry strategy are then highlighted. Finally, in the last chapter, a conclusion is drawn and daring a look into the future for the small business. Internationalization has undergone a dynamic development in the past three decades. The main driving force were the political changes in the world. This political opening also led to a disproportionate growth in the world trade. These changes also affect small and medium-sized companies and are a current challenge, that should be raised, which is also reflected in the close ties, between the Term middle class and foreign trade shows. The globalization of the economy is forcing medium-sized companies to rethink and restructure their business processes and value chains. However, SMEs lack specific prerequisites for carrying out international business activities. Not just capital and management but also the knowledge of internationalization is a significant success factor. Nevertheless, SMEs can develop opportunities and successfully translate them into an international activity that, especially because of its niche strategy, aims to meet the special needs of international clients that can not satisfied by large companies A niche production or export, however, is not enough to assert oneself a


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: 368
Release: 2007
Genre: Business & Economics
ISBN:

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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 International Economic Law

Small and Medium-sized Enterprises in International Economic Law
Author: Thilo Rensmann
Publisher: Oxford University Press
Total Pages: 417
Release: 2017
Genre: Law
ISBN: 0198795653

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Examining the effect widening access to the global marketplace has had on the international legal landscape, this book presents the first comprehensive analysis of the interaction between small and medium-sized enterprises (SMEs) and international economic law.--