The internationalization process model of a small-sized technology company : Case from mechanical forest industry
Jyly, Noora (2021-05-05)
Jyly, Noora
05.05.2021
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2021050528964
https://urn.fi/URN:NBN:fi-fe2021050528964
Tiivistelmä
The purpose of this study is to examine the process of internationalization of Finnish small and medium-sized enterprise (SME). The goal is to study the process of internationalization, factors that contribute and inhibit to it, and create a dynamic model for the case technology company. The created model is dynamic, as it must be applied to a constantly changing environment and the elements of it need to be changeable.
The internationalization of companies has been widely studied in the world of science. Researchers have found different theories and processes around the topic. However, most of the studies have mainly concentrated on large corporates or other countries, not the small companies who are starting their journey of internationalization. Internationalization is one of the key factors for many growth-minded SMEs. The field of research has not been either done for a similar case company before. Thus, this study examines how researcher's and SMEs ' perceptions of internationalization can differentiate and how can SMEs benefit from the general models and theories about internationalization and implement them in their industry.
The theoretical framework of the study is based on different theories and models, such as the Uppsala model. The framework combines the internationalization process and entry mode literature. Based on the theoretical framework has created a model, which is used when analyzing the empirical findings and it combines the findings with the previous literature.
In order to succeed, the company needs to have a unique product or service. The process of internationalization usually ends up in the middle of success and failure, as the boundary can be volatile. After that, the company needs to measure its process and learn from it. Overall, the findings emphasize how important is to plan well and do strategies before starting internationalization. The findings illustrate the main criteria for land comparison at the micro-level as well as at the macro level. The findings also show how the process model can be viewed from the perspective of internationalization and what factors contribute to each of the four different stages of the process.
The internationalization of companies has been widely studied in the world of science. Researchers have found different theories and processes around the topic. However, most of the studies have mainly concentrated on large corporates or other countries, not the small companies who are starting their journey of internationalization. Internationalization is one of the key factors for many growth-minded SMEs. The field of research has not been either done for a similar case company before. Thus, this study examines how researcher's and SMEs ' perceptions of internationalization can differentiate and how can SMEs benefit from the general models and theories about internationalization and implement them in their industry.
The theoretical framework of the study is based on different theories and models, such as the Uppsala model. The framework combines the internationalization process and entry mode literature. Based on the theoretical framework has created a model, which is used when analyzing the empirical findings and it combines the findings with the previous literature.
In order to succeed, the company needs to have a unique product or service. The process of internationalization usually ends up in the middle of success and failure, as the boundary can be volatile. After that, the company needs to measure its process and learn from it. Overall, the findings emphasize how important is to plan well and do strategies before starting internationalization. The findings illustrate the main criteria for land comparison at the micro-level as well as at the macro level. The findings also show how the process model can be viewed from the perspective of internationalization and what factors contribute to each of the four different stages of the process.