The Effect of Strategic Orientation on the Speed of Internationalization in Small and Medium-sized Enterprises in South Korea

• 발행기관: 한국무역연구원
• 저자명: Jung-Min Park Jae-Eun Lee Yun-Ho Jeong
• 간행물 정보: 『무역연구』제14권 제5호, 21~42쪽, 전체 22쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2018.10.31

영문 초록

This study demonstrates the impact of strategic orientation on internationalization speed in small and medium-sized enterprises (SMEs). The results of an empirical analysis on 206 SMEs located in the Gwangju and Jeonnam regions of South Korea are as follows. First, export orientation has a positive impact on the speed of internationalization in SMEs. This result suggests that export-oriented SMEs can increase internationalization speed by not only sharing and utilizing information about overseas markets, but also by showing higher export commitment. Second, innovation orientation does not have a significant effect on the speed of internationalization in SMEs. It is believed that general SMEs tend to have a relatively difficult time carrying out innovation activities or taking risks because they instead seek stability in environments of intense competition. Finally, relationship orientation is shown to have a positive influence on the speed of internationalization in SMEs. As preceding studies emphasize, these findings suggest that SMEs can supplement their limited resources and capabilities through inter-firm cooperation networks, which may shorten the time it takes to internationalize. This study identifies a link between strategic orientation in SMEs and the speed of internationalization, which is a relatively understudied area of existing literature. Furthermore, this study considers relationship orientation as a dimension of strategic orientation, which preceding studies do not explore.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Hypotheses Development

Ⅳ. Methodology

Ⅴ. Results

Ⅵ. Conclusions and Recommendations

키워드

Export Orientation Innovation Orientation Relationship Orientation Speed of Internationalization Strategic Orientation