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- W44001032 abstract "Literature on internationalisation generally focuses on SMEs, as these are generally the firms that have to extend their activities to global scale while MNEs by definition already reached this level. SMEs and smaller units can adapt more rapidly to changing circumstances, and are important for the diffusion and creation of new jobs. SMEs do not only account for 60 to 70% of jobs in most OECD countries, but also generate a disproportionately large share of new jobs. However, globalisation, along with the transition to a knowledge-based economy, is changing the business environment for small firms. Both trends highlight specific problems faced by SMEs. These are related, for example, to a deficit in intangible investments and assets (access to and effective use of technology, management skills, education, and vocational training, quality of business organisation, marketing skills, and software). The special difficulties that SMEs encounter when they try to globalise are often related to their traditional emphasis on domestic markets. In broad terms, OECD analysis suggests that one per cent or less of all SMEs can be said to be truly global, meaning that they are active in multiple countries and/or across several continents. It is further estimated that those firms already internationally competitive make up about 25% of manufacturing SMEs, and even less in the case of service SMEs (OECD 1997, p. 4). It should be remarked, though, that according to estimations of the European Commission, a large part of total SMEs (93%) are very small businesses with less than 10 employees and well adapted to their local environment (Eden 2002, p. 44)." @default.
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- W44001032 date "2005-01-01" @default.
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- W44001032 title "The Strategic Position of SMEs in the Internationalisation Process" @default.
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- W44001032 doi "https://doi.org/10.1007/978-3-322-89667-4_5" @default.
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