1,721,032 research outputs found
The impact of Brexit on UK firms’ internationalisation: a comparative study between Born Globals vs traditional SMEs
No full textPolicies to support internationalization
No full textThis paper presents practical suggestions and recommendations as to how public policy in Europe could make more of a contribution to the profitable exploitation of foreign market opportunities by Europe’s SMEs. The paper will seek to combine practical policy relevance with theoretical soundness. As such, it will present a relevant and useful example of the relationship between scientifically robust research and public policy making. In this regard, the opportunity will be taken to identify a number of relevant issues in public policy making including some conclusions drawn with respect to the extent to which policy for internationalization is evidence based, as well as aspects of internationalization policy appears to have run ahead on the scientific evidence base
Entrepreneurial orientation of UK international ventures in turbulent environments
Full text linkThis paper presents an in-depth analysis into the entrepreneurial orientation of UK international ventures in turbulent environments and its impact on their performance. The findings suggest that entrepreneur’s motivations and intentions to internationalise influence their strategic decision making and responses during turbulent market environments. Elements of the RBV help to contribute to explain this behaviour. Additionally, a firm’s intentionality and planning to deal with uncertainty are found to vary by firm size and sector. This different behaviour reflects how a firm perceives and responds to the external environmental risks. Our findings enhance the understanding of how firms respond to turbulent environment in their internationalisation process and affect their strategies. In addition, policy makers will benefit from having further analysis about the determinants of international performance amongst SMEs, and the driving forces behind their strategic decision making. The analysis may also help to develop initiatives for SME internationalisation policy support, particularly in uncertain times
UK SMEs' entrepreneurial behaviour and planning in BREXIT
No full textUncertainty is known to be associated with the internationalisation process in past research. Brexit has simulated the uncertainty in the UK business environment, especially to exporting SMEs. As the lifeblood of the UK economy, SMEs’ international behaviour and planning in this turbulent environment is central to reflect their responses to the economic and political changes. This study aims to explore the entrepreneurial planning and behaviour of UK based SMEs and their reaction to Brexit. More specifically, a comparative study is conducted to verify how born globals and established enterprises perceive and the consequences on their planning and behaviour
Great expectations? Insights into UK SMEs’ optimism from the inside and outside view
No full textEntrepreneurial optimism has generated academic interest in the last two decades, drawing on research on biases in human cognition, in particular the inside view (i.e. focussing on the specifics of the case) and the outside view (i.e. based on the outcomes of other similar cases). Inside view thinking is associated with more optimistic (and over optimistic) expectations than outside view thinking. Our study links these notions to determinants of the expected firm growth. Drawing on a sample of 12,273 UK small and medium sized enterprises (SMEs), we found evidence for both inside view and outside view thinking influencing expectations of the future. Our findings suggest that the innovation novelty, firm characteristics and behaviour, and network have an impact on the expected returns, whereas business planning has no effect. The reflection from the inside or outside view based on the information perceived is also likely to drive the impact of these factors on the expected growth. Additionally, we find some indirect evidence of learning from experience insofar as firm age moderates some of these effects
Curb your enthusiasm: what makes SMEs over or under-optimistic about expected growth in turnover?
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Job creation in born global enterprises: the cases of UK SMEs
No full textThis project aims to investigate the motivations for, processes applied in and external support needs related to job creation in the UK by born global enterprises. The study also focuses on analysing the characteristics of the created jobs and the effects of job creation on firm performance. The project, commissioned by the European Foundation for the Improvement of Living and Working Conditions (EUROFOUND), involves partners from five EU countries led by IKEI in Spain
Internationalisation and European small- and medium-sized enterprises
No full textThe chapter introduces main theoretical approaches to the study of SME internationalisation, opportunities and challenges, the SMEs’ international orientation and tendency in different contexts. The discussion will be illustrated with some empirical evidence not only in Central and Eastern Europe but also in a wider context. Additionally, the public policy intervention on SME internationalisation will be discussed to verify how the existing support has addressed SME needs to facilitate internationalisation and what the remaining concerns are
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