Impact of External Business Environment Factors on Internationalization of Lithuanian-Born Global Companies

Časas, Ramūnas; Dambrauskaitė, Vilma

doi:10.15388/ekon.2011.0.931

Cited by 10 publications

(6 citation statements)

References 7 publications

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“…In spite of the socioeconomic significance of SMEs to the Ghanaian economy, the sector is wallowing in myriads of challenges stretching from finance to investment opportunity, particularly in the mainstream Ghana oil and gas value chain. Several external factors affect SMEs degree of investment (Ariweriokuma, 2009;Chittithaworn et al, 2011;Časas and Dambrauskaitė, 2011). In a related study by the Uganda Investment Authority (UIA) led by Wanomo et al (2012) a case was made on how exactly to integrate the SMEs in the oil and gas value chain although willingness on the part of the SMEs was reportedly high.…”

Section: Introductionmentioning

confidence: 99%

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

Appiah¹,

Possumah²,

Ahmat³

et al. 2018

Economics &Amp; Sociology

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There is the need to integrate SMEs into the high-value Oil and Gas Sector to enhance socioeconomic development of Ghana particularly Job creation and Gross Domestic Product (GDP) growth. This study examined the impact of external business environment on SMEs willingness to invest in the Ghanaian oil and Gas Sector. Using binomial logistic regression analysis we analyzed primary data from 245 SMEs from Ghana during the periods between 2015-2016. The study found that SMEs that had ready access to finance, reliable electrical supply, required technical qualification, no competition from foreign companies, well informed on Oil and Gas investment opportunity were more likely to invest in Ghanaian oil and gas sector. We also find that corruption perception, political stability and training support in the capacity building had no significant influence on SMEs willingness to invest. We suggest that future studies should cover internal firm factors, perceived barriers as well as macro-level factors. Also, the study was limited to Ghanaian SMEs, future researchers may replicate this study in other oil-producing countries in Africa including;

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Section: Introductionmentioning

confidence: 99%

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

Appiah¹,

Possumah²,

Ahmat³

et al. 2018

Economics &Amp; Sociology

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“…Entrepreneurs, as carriers of the entrepreneurial process, based on the observation and profitable exploitation of identified opportunities, often find opportunities for the growth of their enterprise beyond the borders of their country. Along with the strengthening of the process of globalization of the world economy, in the previous decade there was also an interest in the internationalization of entrepreneurial ventures (Časas & Dambrauskaitė, 2011). The internationalization of business is not only related to the appearance of multinational companies but is also available to newly founded entrepreneurial ventures that, with the help of available technologies, innovative products/services, and available markets, find their chance for growth outside the framework of national economies (Alves et al, 2017).…”

Section: Internationalization Factorsmentioning

confidence: 99%

Determinants of Entrepreneurs in Logistic Industry: Gem Study Analysis

Matić,

Leković,

Bobera

2023

FU Econ Org

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The subject of this paper's analysis are the determinants of entrepreneurs in the early stages of the development of their ventures in logistic industry. The goal is to identify the factors that influence the decision to engage in entrepreneurial activity in the logistics sector. For the analysis, the Global Entrepreneurship Monitor (GEM) database was used, from which 73,806 respondents from European countries were filtered, of which 192 were from the field of logistics. Statistical analysis was performed using the statistical analysis software package Stata IC 15.0. The research covers demographic factors, growth factors, internationalization factors and motivational factors. Demographic factors (gender, age, work status) are statistically significant for entrepreneurs in the field of logistics. Men are more likely to be entrepreneurs in the logistics sector. The 18 to 25 and 45 to 54 age groups are most likely to engage in these ventures. Self-employed is the predominant work status of these entrepreneurs. Entrepreneurs in the field of logistics are characterized by the expectation of an increase in the number of employees, as well as a significant percentage of realized income from abroad. Financial motivators are what drive entrepreneurs in the logistics sector.

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“…Regardless of its industry, some of the first questions an organization needs to answer are: Are we willing to be active in international markets, and do we have the necessary resources to do so? At the centre of these questions is the organization and the environment in which it operates (Porter, 1990(Porter, , 2010 and how this environment may impact the internationalization decision (Časas & Dambrauskaitė, 2011). This is connected to the capability to assess the organizational strengths and weaknesses within this environment and to analyse the business model to find the specific areas of activity that are particularly suitable for the international market (Kaßberg et al, 2018;Sachse, 2008).…”

Section: Decision To Internationalizementioning

confidence: 99%

Perception of export intenders on relevant resources and competences for the internationalization of vocational education and training (VET) providers

Kassberg

Dornberger

2022

Int J Training Development

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The local market conditions for VET in Germany naturally affect the exportability of these educational products. In the rarest of cases, education and training products are transferable to foreign markets without any adaptation. The existing literature on international VET cooperation focuses on several transfer aspects as well as case studies of active exporters, investigating drivers and challenges of foreign engagement or analysing international business models. The perspective of resources and competences of VET providers going international has not been considered so far, failing to understand the relevancy of specific factors. This study analyses the required resources and capabilities of internationally active VET organizations (exporters) as well as those without any international experience, but intending to internationalize (intenders). Based on a literature review, this study applied four constructs of company resources and six constructs of competences necessary for conducting international business, each containing two to five indicators. Applying a quantitative research approach, data from 43 exporters and 37 intenders were collected to explore the most relevant resources and competences of both groups. Based on a ranking of all factors, a significant difference in terms of relevance perception was detected comparing both groups. Exporters rate relational resources, intercultural competence, physical resources, and product adaption abroad as much more relevant than export intenders do. Intenders, on the other hand, seem to rely heavily on their strengths in the national market and give high priority to organizational resources like quality management and strategy development for opening up international markets. These findings indicate that support programmes fostering the internationalization of VET providers should put more emphasis on the relevant resource and competence development that export intenders need.

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Impact of External Business Environment Factors on Internationalization of Lithuanian-Born Global Companies

Cited by 10 publications

References 7 publications

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

Determinants of Entrepreneurs in Logistic Industry: Gem Study Analysis

Perception of export intenders on relevant resources and competences for the internationalization of vocational education and training (VET) providers

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