The Impact of Social and Cultural Factors on Success of Trade Internationalization

Ćuzović, Sreten; Mladenović, Svetlana Sokolov; Ćuzović, Đorđe

doi:10.22598/pi-be/2019.13.1.57

Cited by 3 publications

(1 citation statement)

References 9 publications

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“…Their transfer requires a certain level of economic development, a flexible trade policy, but also an appropriate level of overall education of the population. Thus, some studies have shown difficulties in transferring supermarket technology to less developed countries (Ćuzović, Sokolov Mladenović & Ćuzović, 2019). Specifically, the supermarket technology is based on a constant and rich supply of energy, prepackaged products prepared for widespread use, on modern services and communication, but also on a wide and diversified offer of products and services.…”

Section: Theoretical Backgrounds Of Institutional Innovation In Tradementioning

confidence: 99%

Application of institutional innovation in trade: Experience of market-developed economies

Sokolov-Mladenović¹

2020

Ekonomika

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One of the main features of trade in developed market conditions is innovation. Almost no sector of the economy is so intensely prone to change and innovation as trade. For this reason, trade development experience of market economies so far is extremely rich and provides opportunities for some generalization and analysis of certain principles in the processes of development and implementation of innovation in trade. In addition, innovation in trade is markedly diverse and abundant, with institutional innovation occupying a significant place. In line with the above, the subject of this paper relates to the analysis of the application of institutional innovation in trade. The objective of the paper is to review the achieved level of institutional innovation in trade of the developed economies. Based on the available secondary data sources, we conduct an empirical study to test the hypothesis of the importance of institutional innovation for the positioning of trading companies. The ANFIS method was used to test the hypothesis. The results of the research showed that the introduction of institutional innovations influences on the positioning of trading companies.

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Section: Theoretical Backgrounds Of Institutional Innovation In Tradementioning

confidence: 99%

Application of institutional innovation in trade: Experience of market-developed economies

Sokolov-Mladenović¹

2020

Ekonomika

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Emerging Markets and Internationalization of Retail: The Case of BRIC Countries

Mladenović

Ranđelović

2020

Economic Themes

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The main purpose of this paper is to investigate the relationship between the emerging markets and retail internationalization, with a special focus on the markets of Brazil, Russia, India and China, also known as BRIC countries. The paper relies on the fact that the emerging markets, especially the markets of BRIC countries, have recently attracted an increasing attention of the scientific and professional community, as well as international retail companies. After the economic crisis in 2008, the internationalization of retail, as a key business strategy, is changing its direction and form, in order to focus on the emerging markets. Based on the available secondary data sources considering the operations of the largest international retail companies and the attractiveness of the emerging market from 2014 to 2018, we test the hypotheses set in this research. One of the key hypotheses is that a certain number of international retail companies present on the BRIC country market is determined by its ranking on the list of the most attractive markets. We test this hypothesis by constructing a simple regression model for each country individually. Another key hypothesis is that the ranking of a BRIC country on the list of the most attractive markets is the result of various factors. We test this hypothesis using the method of descriptive statistics for each country individually. The obtained research results have economic validity and they fill a scientific niche in the research of the relationship between the attractiveness of the BRIC market and the internationalization of retail. In addition, the obtained results represent the basis for further research of this issue, given the large-scale changes caused by the global coronavirus pandemic.

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Early Internationalizing of Small-Medium Firms

Ramlee

2022

Multidisciplinary Perspectives on Cross-Border Trade and Business

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Internationalization is not an odd term in business, and increasing numbers in the business world show this phenomenon as a vital element that must be emphasized and practiced by an organization to become the top company in international markets. Born global has become a new entity entering the global market and rapidly evolved to catch up and maintain its pace with international new ventures. Gaining the upper hand in the international market has motivated the born global entity to compete with other giant companies in the same markets. This chapter's findings enlighten the crucial parts of the definition between these two terms supported with previous studies that encompass gaps, conventional and new ventures, and the advantages versus liabilities that existed in the new venture firms. In addition, this chapter's discussions would offer better justification and views in global market perspectives.

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The Impact of Social and Cultural Factors on Success of Trade Internationalization

Cited by 3 publications

References 9 publications

Application of institutional innovation in trade: Experience of market-developed economies

Application of institutional innovation in trade: Experience of market-developed economies

Emerging Markets and Internationalization of Retail: The Case of BRIC Countries

Early Internationalizing of Small-Medium Firms

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