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Value Creation in the Internationalization of SMEs Read chapter Read first chapter

2017 | OriginalPaper | Chapter

11. Does Being a Member of the Cluster Matter in the Process of Value Creation Through Internationalization?

Authors : Vesna Sedoglavich, Marina Dabić

Published in: Value Creation in International Business

Publisher: Springer International Publishing

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Abstract

Small and medium-sized enterprises (SMEs) generally face tough competition in the countries where they are based. The ongoing process of globalization exerts further competitive pressure on value creation in these firms (Audretsch 2003). Value creation spreads over different levels (Lepak et al. 2007). Consequently, in a manner similar to large companies, more and more SMEs face the challenge of searching foreign markets for opportunities, which forces firms to change their strategies rapidly. At the same time, competition among knowledge-based SMEs intensifies, as these firms strive to develop capabilities faster than their rivals (Teece and Pisano 1994), to maximize created values (Jensen 2001), make them sustainable (Ciasullo and Troisi 2013), and increase value creation through mission (Andersen 2014) or by project management practices (Laursen and Svejvig 2016). According Bowman and Ambrosini (2000:13) value creation is determined by:

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previous chapter Intelligence Creation and Born-Global Patterns of Small Engineering Firms in Emerging Markets
next chapter The Internet’s Influence on Market Commitment, Uncertainty and Risk in the Internationalization Process of SMEs
Footnotes
1
Small technologies are a convergent technology underpinned by nanotechnology (engineering on the scale of a billionth of a metre or at the scale of an atom), biotechnology, information technology, micro-technology (engineering on the scale of a millionth of a metre) and advanced engineering technologies. Small technologies is a key channel for innovation in products, services, and manufacturing processes and has the potential to impact on a very broad range of industry sectors.
 
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Metadata
Title
Does Being a Member of the Cluster Matter in the Process of Value Creation Through Internationalization?
Authors
Vesna Sedoglavich
Marina Dabić
Copyright Year
2017
Book
Value Creation in International Business

Print ISBN: 978-3-319-39368-1

Electronic ISBN: 978-3-319-39369-8

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-39369-8_11