Factors Wavering Internationalizations of SMEs: Indian Context

Abstract

It is implicit in a research that in today’s environment, small and medium-sized enterprises (SMEs) that start with a global strategy can move quickly to take advantage of cross-border activities, which provide opportunities for not only revenue growth but also the exchange of knowledge and the enhancement of capabilities, which strengthen the long-term competitiveness of the firm. Though, the changing business environment creates new opportunities and incentives for SMEs to internationalize, it also confronts domestic firms with the threat of international competition, networking issues, policy and regulation matters, financial constraints etc. Internationalization has become increasingly important to the competitiveness of enterprises of all sizes. SMEs are increasingly facing numerous obstacles in the process of internationalization of business and it is perceive that SMEs need to respond on these changes for strategic improvement. This not only implies adjusting their domestic strategy, but increasingly forces firms to go abroad. This particular research tries to explore that factors which influence the internationalization process of SMEs in India.

Exploring the Role of Individual Level and Firm Level Dynamic Capabilities in SMEs’ Internationalization

“…The outcome of this study on the relationship between EO and internationalization confirms the expected theoretical explanation that internationalization is an act of entrepreneurship. Given the high risk of international business, the dynamism of the international environment (Dietmar et al 2013), a lack of and difficulty in gathering market and industry information compared to localized SMEs (Kumar 2012), and frequent needs to change product offerings to suit country differences (Fletcher 2001), the inference can be made that risk-taking characteristics, innovative characteristics, and proactive characteristics of an entrepreneur are main factors that influence internationalization of SME. Yet, contradictory outcomes are also reported in the previous research (Zhang et al 2015;Morgan and Strong 2003).…”

Owner Specific Factors, Firm Specific Factors, Internationalisation and Performance of SMEs in Sri Lanka: A Conceptual Framework

“…The definition of SMEs eludes a widely accepted definition. The technical definition of SMEs varies from country to country in the Asia-Pacific region, but it is usually based on employment, assets, or a combination of the two (Kumar, 2012). The definition is mainly developed to serve a specific purpose of an institution, thus there are many differences of SME definitions across the globe.…”