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Internationalisation process, SMEs and transitional economies: a four-country perspective

Author

Listed:
  • Lester Lloyd-Reason
  • Atanas Damyanov
  • Ovidiu Nicolescu
  • Stuart Wall

Abstract

This paper is based on a research project which has, on the demand side, investigated how entrepreneurs at the head of small and medium sized, domestically owned private enterprises are coping with the problem of internationalising their business operations within the changing business environment of central and eastern Europe. On the supply side, we have examined the extent to which an infrastructure of formal and informal provision is developing to match such demand in four countries in central and eastern Europe. The research project was funded by the Open Society Foundation Research Support Scheme, Grant No. 72/2000. The key functional areas of concern identified involve a lack of appropriate financial instruments, problems with market intelligence and market access, a lack of professionalism within the business support infrastructure and poorly developed management skills within the organisations interviewed. In response to these issues, the paper will discuss a number of policy recommendations.

Suggested Citation

  • Lester Lloyd-Reason & Atanas Damyanov & Ovidiu Nicolescu & Stuart Wall, 2005. "Internationalisation process, SMEs and transitional economies: a four-country perspective," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 5(3/4), pages 206-226.
    • Handle: RePEc:ids:ijeima:v:5:y:2005:i:3/4:p:206-226
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    Citations

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    Cited by:

    1. Kostadin Kolarov & Yordanka Ivanova & Petar Todorov, 2018. "Role of Managerial Experience of Entrepreneurs in Choosing Approaches to Internationalization of Their Business," Conference Proceedings Chapters, in: Kiril Todorov & Kostadin Kolarov (ed.), The International Entrepreneurship: Trends, Challenges, Achievements. Proceedings of the Eighth International Conference, 6 – 9 June 2017, Varna, Bulg, edition 1, chapter 127, pages 135-150, Bulgarian Association for Management Development and Entrepreneurship.
    2. Tomac Cater & Danijel Pucko, 2010. "Factors of effective strategy implementation: Empirical evidence from Slovenian business practice," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(3), pages 207-236.
    3. Calabrese, Giuseppe Giulio & Manello, Alessandro, 2018. "Firm internationalization and performance: Evidence for designing policies," Journal of Policy Modeling, Elsevier, vol. 40(6), pages 1221-1242.
    4. Leković, Bojan & Amidžić, Renata & Vojinović, Dragan & Ivanović-Đukić, Maja, 2023. "Drivers for the Internationalization of Nascent Entrepreneurs and New Business Owners in Southeast European Countries," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 28(1), pages 182-214.
    5. Maksim Belitski & Rosa Caiazza & Yuliya Rodionova, 2020. "Investment in training and skills for innovation in entrepreneurial start-ups and incumbents: evidence from the United Kingdom," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 617-640, June.

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