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International Experience of Entrepreneurs as a Factor in Their Managerial Development

In: The International Entrepreneurship: Trends, Challenges, Achievements. Proceedings of the Eighth International Conference, 6 – 9 June 2017, Varna, Bulgaria

Author

Listed:
  • Kostadin Kolarov

    (Institute of Entrepreneurship, UNWE, Bulgari)

  • Maria Vasilska

    (Institute of Entrepreneurship, UNWE, Bulgaria)

Abstract

The management development in the entrepreneurial firms is a subject of numerous surveys with a relatively long tradition. In most cases it is associated with the need the entrepreneur to develop him/herself as a manager in the process of growth of the business. This development is most often understood as the acquisition of certain managerial knowledge and its practical application in the form of approaches, methods and techniques for making and implementing management decisions in one complicated (both in external and in internal aspects) environment. A significant part of the previous studies emphasizes not only on the scope and the essence of this knowledge, but also on the mechanisms of its acquisition and improvement. For understandable reasons, these mechanisms cannot be investigated detached from the context in which they occur. As the subjects of research in the present paper are the entrepreneurs in Bulgaria, an essential feature of the context is the registered backwardness, not only at macro level, but also at enterprise level. The latter is most visible when comparing the levels of productivity and value added, revenue growth rates and profit levels. At the same time, the openness of the economy which creates opportunities for significant international exchange and gaining experience in doing business in an international environment, provides the Bulgarian entrepreneurs with the advantage of absorbing and transferring managerial knowledge from more advanced in their economic development countries, and, in particular, from significantly more successful enterprises in these countries. The aim of the paper is to present an overview of the previous theoretical understandings of the role of the entrepreneurs’ international experience in their development as managers, and to check the existence of empirical evidence to confirm these understandings based on two studies: a study of internationalisation of Bulgarian family SMEs and a pilot study of the professionalization of management in Bulgarian SMEs. The international experience in this research covers not only the work in an international environment, but also the entrepreneur’s experience that precedes the start of an own business in the form of education and work abroad.

Suggested Citation

  • Kostadin Kolarov & Maria Vasilska, 2018. "International Experience of Entrepreneurs as a Factor in Their Managerial Development," 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 210-227, Bulgarian Association for Management Development and Entrepreneurship.
    • Handle: RePEc:mdv:cpchap:y:2017:11
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    References listed on IDEAS

    as
    1. Svante Andersson, 2000. "The Internationalization of the Firm from an Entrepreneurial Perspective," International Studies of Management & Organization, Taylor & Francis Journals, vol. 30(1), pages 63-92, March.
    2. Kiril Todorov, 2006. "Bulgarian Entrepreneurship in the United Europe: Challenges and Opportunities," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 77-100, May.
    3. Hsu, Wen-Tsung & Chen, Hsiang-Lan & Cheng, Chia-Yi, 2013. "Internationalization and firm performance of SMEs: The moderating effects of CEO attributes," Journal of World Business, Elsevier, vol. 48(1), pages 1-12.
    4. Soon Ang & Linn Van Dyne & Christine Koh & K. Yee Ng & Klaus J. Templer & Cheryl Tay & N. Anand Chandrasekar, 2007. "Cultural Intelligence: Its Measurement and Effects on Cultural Judgment and Decision Making, Cultural Adaptation and Task Performance," Management and Organization Review, The International Association for Chinese Management Research, vol. 3(3), pages 335-371, November.
    5. A Rebecca Reuber & Eileen Fischer, 1997. "The Influence of the Management Team’s International Experience on the Internationalization Behaviors of SMES," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 28(4), pages 807-825, December.
    6. Kiril Todorov, 2006. "Bulgarian Entrepreneurship in the United Europe: Challenges and Opportunities," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 77-100, May.
    7. Ang, Soon & Van Dyne, Linn & Koh, Christine & Ng, K. Yee & Templer, Klaus J. & Tay, Cheryl & Chandrasekar, N. Anand, 2007. "Cultural Intelligence: Its Measurement and Effects on Cultural Judgment and Decision Making, Cultural Adaptation and Task Performance," Management and Organization Review, Cambridge University Press, vol. 3(3), pages 335-371, November.
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    Cited by:

    1. Kostadin Kolarov & Yordanka Ivanova & Branimir Yordanov & Krasimira Shindarova & Nedialko Nestorov, 2021. "Determinants and Models of Competitive Performance of SMEs in an International Business Environment: Combining Macro-Level and Firm-Level Analyses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 106-125.
    2. Mitko Dimitrov & Alexander Tassev & Nedialko Nestorov, 2021. "Contribution of SMEs to the Bulgarian Export," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 72-92.

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