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International Entrepreneurship and Management Journal

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01.12.2012

Global mindset and the internationalization of small firms: The importance of the characteristics of entrepreneurs

verfasst von: J. Augusto Felício, Vitor R. Caldeirinha, Ricardo Rodrigues

Erschienen in: International Entrepreneurship and Management Journal | Ausgabe 4/2012

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Abstract

Despite being a relatively new concept, the importance of the global mindset is already well-documented. So far research has primarily focused on multinational companies and therefore the operationalization of the concept is still a work in progress. Recognizing the importance of entrepreneurs in small companies, yet mindful of the gaps that exist, this paper addresses the factors that constitute the global mindset and their influence on the internationalization of small Portuguese companies. Using information-processing theory through a quantitative, survey-based study and Structural Equation Modeling (SEM), the results show the importance of the characteristics of both entrepreneurs and firms in explaining the global mindset, and confirm the impact they have on internationalization behavior. The entrepreneur’s level of education, their satisfaction with company performance in the domestic market and the potential for growth in the domestic market all affect the global mindset model. The conclusions are useful for entrepreneurs and national authorities aiming to successfully implement internationalization practices, given the role of the global mindset in exploring global business opportunities and in the global success of companies. Replication of the research in different contexts is essential for the wider generalization of the results.

Vorheriger Artikel Business model innovation in entrepreneurship

Nächster Artikel Factors affecting the success of women entrepreneurs

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Titel: Global mindset and the internationalization of small firms: The importance of the characteristics of entrepreneurs
verfasst von: J. Augusto Felício
Vitor R. Caldeirinha
Ricardo Rodrigues
Publikationsdatum: 01.12.2012
Verlag: Springer US
Erschienen in: International Entrepreneurship and Management Journal / Ausgabe 4/2012
Print ISSN: 1554-7191
Elektronische ISSN: 1555-1938
DOI: https://doi.org/10.1007/s11365-012-0232-5

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