https://www.academia.edu/4389628/The_Decision_Making_Process_in_International_Business_Strategies_Factors_of_Influence_on_Small_and_Medium_Enterprises

Thanks a lot @ Hajar Alhosseiny for fantabulous suggestions

Most welcome ..

Gaurav Bhambri, you have asked a relevant and interesting question of SMEs and the decision-making process. You may find the following articles useful for your project:

Fernandes, C. I., Ferreira, J. J., Lobo, C. A., & Raposo, M. (2020). The impact of market orientation on the internationalisation of SMEs. Review of International Business and Strategy.

García-Cabrera, A. M., García-Soto, M. G., & Durán-Herrera, J. J. (2016). Opportunity motivation and SME internationalisation in emerging countries: Evidence from entrepreneurs’ perception of institutions. International Entrepreneurship and Management Journal, 12(3), 879-910.

Peschken, T., Shukla, P., Lennon, J., & Rate, S. (2016). The role of information alignment and entrepreneurial traits on SME internationalization: A conceptual framework. Management Research Review, 39(2), 196-214.

Schweizer, R. (2015). Decision–making during small and medium–sized enterprises' internationalisation-effectuation vs. causation. Journal for International Business and Entrepreneurship Development, 8(1), 22-41.

Sommer, L., Kaufmann, H. R., Haug, M., & Durst, S. (2010). The impact of decision-maker's identity on SME internationalisation: Do origins matter?. International Journal of Business and Globalisation, 5(1), 90-113.

All the best.

Thanks John Mendy

Typically gremiums and decisions are dominated by strong regional units residing in the "home country" hindering the process of internationalization.

I believe there is great merit in the good old workhorse in decision-making, 'the behavioral theory of the firm'. For a recent application to international business, see: Surdu, I., Greve, H.R. & Benito, G.R.G. Back to basics: Behavioral theory and internationalization. Journal of International Business Studies (2020). https://doi.org/10.1057/s41267-020-00388-w

THANKS Gabriel R.G. Benito & Hajo Rapp

La toma de decisiones PyMe en un negocio internacional global tiene tendencia del uso de la Lógica eficaz o difusa en la minimización de riesgos y las incertidumbres propias de la gestión prospectiva ante un mercado competitivo, combinando los métodos de búsqueda en las bases de datos nuevos modelos matemáticos y tecnología de la cuarta revolución.

Thanks Juan Carlos Apaza Paucara

I would recommend reading the following article:

- Chiara Crovini, Gabriele Santoro, Giovanni Ossola (2020) Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process, Management Decision, https://doi.org/10.1108/MD-10-2019-1402

Thanks Mahfuz Judeh

La teoría eficaz en las grandes empresa potencia el vínculo entre la innovación de producto y sus resultados del despeño empresarial

Laine y Gaikina (2017) en sus logros de investigación confirman que las Pynes utilizan la lógica eficaz y causación de manera complementaria, pero ante un aumento de incertidumbre la aplicación de la lógica eficaz es mayor que en los procesos de innovación. En consecuencia la toma de decisiones es diferente ntre las grandes empresas corporativas y Pymes en la internacionalización,..

Your question is indeed a very good one and has been part of my work experience and career since the mid-1980's. As a matter of fact, my Master Degree´s (The Birmingham Business School - University of Birmingham - UK) dissertarion was about business internationalisation processes and I tackled and addressed SMEs back then.

One of the organisations I came across with one of the best internationalisation programs in the world is Farnham Castle. Please feel free to look up their website at https://www.farnhamcastletraining.com/

Best Regards,

Adierson

Thanks for gracious participation Adierson Azevedo

Thanks for gracious participation Juan Carlos Apaza Paucara

Check https://ideas.repec.org/a/igg/jabe00/v2y2013i2p1-22.html

Also check http://du.diva-portal.org/smash/get/diva2:1498750/FULLTEXT01.pdf

Thanks for your's gracious participation Chinaza Godswill Awuchi

The companies of the SME sector operating on international markets often occupy niche markets and do not compete directly with international corporations. Companies from the SME sector usually operate on local and national markets, but thanks to new online media they can more easily gain foreign markets. Winning foreign markets by companies from the SME sector operating on domestic markets may be supported by the state as part of pro-development economic policy.

Best wishes,

Dariusz Prokopowicz

The following content is useful.

https://doi.org/10.1108/MD-10-2019-1402

Thanks a lot for. Gracious participation respected Dr Dariusz Prokopowicz

Thanks a lot for. Gracious participation respected Dr Muhammad Arshad

La toma de decisiones PyMe en un negocio internacional global tiene tendencia del uso de la Lógica eficaz o difusa en la minimización de riesgos

Kindly visit....

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Check..

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Check...

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Check...

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Check...

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Visit..

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

Visit...

https://doi.org/10.1108/MD-10-2019-1402

Also check..

https://doi.org/10.1108/MD-10-2019-1402

Thanks a lot gracious participation..

Dr keshav Bhambri

http://du.diva-portal.org/smash/get/diva2:1498750/FULLTEXT01.pd

Whereas, Companies from the SME sector usually operate on local and national markets, but thanks to new online media they can more easily gain foreign markets. Winning foreign markets by companies from the SME sector operating on domestic markets may be supported by the state as part of pro-development economic policy.,

It's right Companies from the SME sector usually operate on local and national markets

but thanks to new online media they can more easily gain foreign markets.

Mainly, Winning foreign markets by companies from the SME sector

But, operating on domestic markets may be supported by the state as part of pro-development economic policy.,

Thanks a lot for gracious participation respected Dr keshav Bhambri

Winning foreign markets by companies from the SME sector operating on domestic markets may be supported by the state as part of pro-development economic policy.,

http://du.diva-portal.org/smash/get/diva2:1498750/FULLTEXT01.pd

https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1108%2FMD-10-2019-1402

http://du.diva-portal.org/smash/get/diva2:1498750/FULLTEXT01.pdf

Data for the research came from 111 usable responses to a survey on a sample of SME decision-makers in international field. The results of regression analysis indicate that the context variables, both internal and external, exerted more influence on international strategic decision making process than the decision-maker personality characteristics.

Volume 59 Issue 5

Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process

To read the full version of this content please select one of the options below:

Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process

Chiara Crovini , Gabriele Santoro , Giovanni Ossola

Management Decision

ISSN: 0025-1747

Article publication date: 18 May 2020 Reprints & Permissions

Issue publication date: 20 May 2021

Abstract

Purpose

The main purpose of this study is twofold: first, to analyze how risk is considered and managed by entrepreneurial SMEs, where the original founder is still the entrepreneur running the business, and second to understand if risk management is integrated with decision making.

Design/methodology/approach

This research is based on a multiple case study. Three entrepreneurial SMEs based in the North-West of Italy were selected to obtain a heterogeneous sample. They operate in the manufacturing sector and they have different size and corporate ownership.

Findings

The risk management process cannot be always formalized but an unconscious risk analysis is always carried out. Risk is intertwined with decision and entrepreneurial orientation. Nowadays, rethinking risk management means enhancing and improving the decision-making process and integrating the phases of the two processes by introducing an alternative new model (RM-DM) that stands for “risk management-decision making

Whereas, the phases of the two processes by introducing an alternative new model (RM-DM) that stands for “risk management-decision making

Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process

where the original founder is still the entrepreneur running the business, and second to understand if risk management is integrated with decision making.

Actually, The risk management process cannot be always formalized but an unconscious risk analysis is always carried out. Risk is intertwined with decision and entrepreneurial orientation

Literally, Winning foreign markets by companies from the SME sector operating on domestic markets may be supported by the state as part of pro-development economic policy.,

… Read more

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