Prospects and challenges of entrepreneurship internationalization on the competitiveness of SMEs

G. O. Olaore, Bimbo Onaolapo Adejare, E. Udofia
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引用次数: 5

Abstract

Purpose Global presence pursuit by Nigerian firms has increased the inquiry into internationalization. While a few implement regional presence, the pros and cons of full internationalization are evaluated. Giving the scarce empirical research, this paper aims to add to scholarly works and knowledge on internationalization and establish regional internationalization as the feasible option for Nigerian firms. Design/methodology/approach Random and stratified sampling techniques were used. Data collection was conducted with questionnaire copies and analyzed with confirmatory factor analysis and structural equation model. Findings Internationalization strategy enhances small and medium enterprises (SME’s) competitive advantage, and full internationalization seems unrealistic for Nigerian firms; however, regional internationalization is the bedrock for full internationalization. Finally, the nature of the Nigerian business environment developed an increased value creation process in SMEs through increased flexibility and problem-solving abilities. Practical implications SMEs should internationalize partially, and critically evaluate socio-cultural and institutional environmental challenges in this study, to enable them to strategize for full internationalization. Originality/value The study demonstrates that the only way to fast track the internationalization drive of SME’s in Nigeria is first to embrace regional internationalization because it is difficult to achieve full internationalization at a go. Then, apply appropriate strategies to embrace full internationalization in the nearest future.
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创业国际化对中小企业竞争力的展望与挑战
目的尼日利亚公司对全球业务的追求增加了对国际化的调查。虽然少数国家实施区域存在,但对全面国际化的利弊进行了评估。鉴于缺乏实证研究,本文旨在增加关于国际化的学术著作和知识,并将区域国际化确立为尼日利亚企业的可行选择。设计/方法/方法采用随机和分层抽样技术。数据收集采用问卷调查,并采用验证性因素分析和结构方程模型进行分析。Findings国际化战略增强了中小企业的竞争优势,而尼日利亚企业完全国际化似乎不现实;然而,区域国际化是全面国际化的基石。最后,尼日利亚商业环境的性质通过提高灵活性和解决问题的能力,促进了中小企业的价值创造过程。实际含义中小企业应部分国际化,并在本研究中批判性地评估社会文化和制度环境挑战,使其能够制定全面国际化的战略。原创性/价值研究表明,快速推进尼日利亚中小企业国际化的唯一途径是首先实现区域国际化,因为很难一次实现全面国际化。然后,应用适当的战略,在不久的将来实现全面国际化。
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来源期刊
自引率
0.00%
发文量
7
审稿时长
24 weeks
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