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Factors Stimulating Internationalisation of Firms: An Attempted Holistic Synthesis

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  • Magdalena Belniak

    (Cracow University of Economics)

Abstract

The main goal of this paper is the critical and synthetic analysis of internationalisation process factors, with reference to business management. It presents a systematic review of the most important relational ideas in regard to factors of firm-level internationalisation. The text includes the synthesis of previous academic studies and results of empirical researches on internationalisation factors. The motives for going international are explained in reference to external and internal factors. Different definitions of understanding external factors of internationalisation of firms are discussed, among them (i) framework factors (market, cost, governmental, competitive and additional factors), (ii) conditioning factors (factor and demand conditions, related and supporting industries, firm strategy, structure and rivalry) as well as (iii) general environment factors (economic environment, demographic environment, political and legal environment, technological, natural and socio-cultural environment). Internal factors of internationalisation are mostly rooted in the resource-based view. Motives for going international mainly depend on top management team, international resources and firms specifics. The paper underlines that there are numerous factors, both external and internal, which influence international activities of firms. Despite the fact that the decision to internationalize is focused on specific motives and goals, the role of managers is crucial.

Suggested Citation

  • Magdalena Belniak, 2015. "Factors Stimulating Internationalisation of Firms: An Attempted Holistic Synthesis," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 3(2), pages 125-140.
    • Handle: RePEc:krk:eberjl:v:3:y:2015:i:2:p:125-140
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    File URL: http://eber.uek.krakow.pl/index.php/eber/article/download/85/102
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    References listed on IDEAS

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    1. Lenn Gomes & Kannan Ramaswamy, 1999. "An Empirical Examination of the Form of the Relationship Between Multinationality and Performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 30(1), pages 173-187, March.
    2. Gary A Knight & S Tamar Cavusgil, 2004. "Innovation, organizational capabilities, and the born-global firm," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 35(2), pages 124-141, March.
    3. Daszkiewicz Nelly & Wach Krzysztof, 2014. "Motives for Going International and Entry Modes of Family Firms in Poland," Journal of Intercultural Management, Sciendo, vol. 6(2), pages 5-18, April.
    4. Jeffrey E. Johnson, 2004. "Factors Influencing the Early Internationalization of High Technology Start-ups: US and UK Evidence," Journal of International Entrepreneurship, Springer, vol. 2(1_2), pages 139-154, March.
    5. Gary A Knight & S Tamer Cavusgil, 2004. "Innovation, organizational capabilities, and the born-global firm," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 35(4), pages 334-334, July.
    6. Khalid Nadvi & Frank Wältring, 2004. "Making sense of global standards," Chapters, in: Hubert Schmitz (ed.), Local Enterprises in the Global Economy, chapter 3, Edward Elgar Publishing.
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    Cited by:

    1. Tomasz Dorożyński & Anetta Kuna-Marszałek & Janusz Świerkocki, 2017. "Motives of Poland's Outward Direct Investments from the Lodz Region: Results of a Direct Study," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(2), pages 101-122.
    2. Geoffrey Ditta, 2022. "Cross Borders Companies and Worldwide Industry Management. Past, present, and future for businesses at time of slowbalization," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 26, pages 78-92, July.
    3. Hermes Castro Fajardo & Lina María Otálora Gómez & Fernando Chavarro Miranda, 2022. "Análisis y evaluación de mercados internacionales de la miel natural," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 41(74), pages 201-240, July.
    4. López-Caicedo, Juan Camilo & Baena-Rojas, Jose Jaime & Gomez-Trujillo, Ana Maria & Bonilla-Calle, Daniel, 2024. "The internationalization of Colombian Multilatinas: a composite indicator analysis," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 18(1), pages 43-64.
    5. Agnieszka Głodowska, 2017. "Business Environment and Economic Growth in the European Union Countries: What Can Be Explained for the Convergence?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(4), pages 189-204.

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    More about this item

    Keywords

    Internationalisation; internationalisation factors; international triggers; international incentives; motives for going international;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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