Title: Internationalising into an unfriendly environment: designing a new framework for Western Small and Medium Sized Enterprises
Authors: Verena Majer, Elisabeth Nohammer
Addresses: Department of Human and Economic Sciences, UMIT University of Health Sciences, Medical Informatics and Technology, Hall/Tyrol, Academic Center Vienna, Opernring 5, Wien 1010, Austria. ' Department of Human and Economic Sciences, UMIT University of Health Sciences, Medical Informatics and Technology, Hall/Tyrol, Academic Center Vienna, Opernring 5, Wien 1010, Austria
Abstract: The sometimes unfriendly business environment in transition countries challenges Western Small and Medium Sized Enterprises (SME) internationalising into these markets. The present paper contributes to the understanding of barriers faced by Western SMEs in transition countries by clustering these into a new comprehensive theoretical framework including financial factors, formal rules and informal constraints, as well as task related issues. This can serve as valuable guide for further analysis and is also used for specific barrier-related advices. First empirical results indicate the subjective character of barriers and the importance of financial factors.
Keywords: transition countries; SME development; Western SMEs; internationalisation; business environment; barriers; constraints; small and medium-sized enterprises; transition economies; financial factors.
International Journal of Trade and Global Markets, 2009 Vol.2 No.3/4, pp.286 - 302
Published online: 20 Oct 2009 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article