In order to be able to seize the opportunities that a dynamic operating environment opens up, entrepreneurial firms have to reconfigure their existing asset base and processes. This study explores the effect of an entrepreneurial orientation and a firm's reconfiguring capabilities on international performance by using survey data from 217 manufacturing and service organizations. Our findings indicate that a firm's entrepreneurial orientation and reconfiguring capabilities have an effect on its international performance and provide empirical support for the dynamic capability view of the firm. Entrepreneurial behavior combined with organizational reconfiguring capabilities constitutes a potential source of competitive advantage. Copyright Springer Science + Business Media, Inc. 2005entrepreneurial orientation, dynamic capabilities, international performance,
AbstmctThis study offers a contribution to our understanding of the role of a global mindset in the successful internationalization of small and medium-sized companies. The particular focus is on the drivers of the global mindset and the connection with performance. We created a framework and tested it, empirically, with a representative sample of small Finnish companies in the field of information and communications technology (ICT). The jndings indicate that managerial experience and market characteristics are important drivers of the global mindset, which, in turn, is one of the key parameters of international performance. The paper includes our conclusions, a discussion of the litnitations of the study and the managerial implications, and suggestions for future research.
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AbstractPurpose -The purpose of this paper is to present an overview of the conceptual frameworks and concepts with which the research on internationalization patterns of small and medium-sized enterprises (SMEs) should be conducted. Design/methodology/approach -A comprehensive overview of concepts and a conceptual framework to study internationalization patterns of SMEs is offered. Findings -The complexities of existing definitions and methodologies for researching internationalization patterns are highlighted, and a synthesis of the issues is provided. An integrative model of internationalization pathways, and their antecedents and outcomes is presented. Research limitations/implications -It is recommended that future research focuses especially on the time dimension of internationalization patterns. Future research can contribute to the literature by adopting a longitudinal approach with larger samples and more detailed cases to capture the dynamics of internationalization. Practical implications -Practitioners might map their positions, and look for challenges and opportunities with regard to their chosen internationalization pattern. They can also benchmark other firms' pathways and fine-tune their own approach to internationalization. Originality/value -The paper integrates a large body of research in an important research area in international marketing. It also provides guidance on how to conduct future research in the area, and introduces the content of this special issue of the International Marketing Review.
This study examines the impact of institutional environment on the international performance of small-and medium-sized enterprises (SMEs) and how this relationship is influenced by network competence. Design/methodology/approach: This study uses a quantitative approach. In total, 119 internationally operating Finnish SMEs from five industry sectors are sampled via a crosssectional survey. Data are analysed through regression modelling. Findings: The international performance of SMEs is influenced directly and indirectly by institutional drivers. The results show that network competence mediates the positive relationship between institutional drivers and international performance. Research limitations/implications: Network capability development can help SMEs leverage more or less favourable institutional environments for successful internationalisation. Perceived institutional drivers directly result in higher performance, but the effect can be partially mediated by dynamic capabilities. The limitations of the study include its singlecountry context and the cross-sectional nature of the data. Practical implications: SMEs should take their home countries' institutional environments into account, but for long-term success, they should develop the ability to manage their business networks. A conducive institutional environment may help develop competence, which in turn can enable more successful internationalisation in terms of scale, scope and satisfaction. Social implications: Decision-makers may benefit from knowing that, in addition to capabilities, an institutionally conducive environment that drives domestic SMEs toward international markets may be an antecedent of successful internationalisation in the SME sector. Originality/value: This is one of the few studies to illustrate how network capabilities can mediate the influence of institutional factors on entrepreneurial internationalisation. It combines institutional theory and the dynamic capabilities view to explain successful SME internationalisation.
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