Implementing the Innovation Strategy in International SMEs
Thanks to a relationship of mutual interdependence developed between the formulation of the internationalization strategy and innovation, on a larger scale they are entitled as decisive factors in the process of lasting growth of SMEs. The aim is to study the connections between internationalization...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2021-12-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/article/implementing-innovation-strategy-international-smes |
| _version_ | 1818282628692836352 |
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| author | Daniel Rusu |
| author_facet | Daniel Rusu |
| author_sort | Daniel Rusu |
| collection | DOAJ |
| description | Thanks to a relationship of mutual interdependence developed between the formulation of the internationalization strategy and innovation, on a larger scale they are entitled as decisive factors in the process of lasting growth of SMEs. The aim is to study the connections between internationalization, innovation and strategy as well as the results in terms of business competitiveness, covering a relatively consistent gap in terms of knowledge and inconclusive or even diffuse interactions regarding these interactions. In terms of internationalization, innovation and strategy, failure rates are quite high and have correspondingly consistent costs for companies. These are related to implementation details. Assuming there is a poor implementation of internationalization, innovation and strategy and to the extent that firms examine in detail each dimension of their business, they will tolerate an increase in costs. Even in these conditions, contrary to their weight, many SMEs do not have structured processes and protocols for internationalization, innovation and strategy. In entrepreneurial micro-enterprises, which is the main object of research, this aspect is particularly important and real. Identifying the tools used by companies to design the processes of development and implementation of internationalization, innovation and strategy, determinants and causes is very important to identify the main factors with particular impact on business performance and how these effects act or occur. |
| first_indexed | 2024-12-13T00:24:02Z |
| format | Article |
| id | doaj.art-c5003077457a470693be18ffdf62de9d |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-12-13T00:24:02Z |
| publishDate | 2021-12-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-c5003077457a470693be18ffdf62de9d2022-12-22T00:05:28ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562021-12-01XXIV8210311910.24818/REJ/2021/82/09Implementing the Innovation Strategy in International SMEsDaniel Rusu0PhD candidate, Bucharest University of Economic Studies, Bucharest, Romania, e-mail: rusumdaniel@gmail.comThanks to a relationship of mutual interdependence developed between the formulation of the internationalization strategy and innovation, on a larger scale they are entitled as decisive factors in the process of lasting growth of SMEs. The aim is to study the connections between internationalization, innovation and strategy as well as the results in terms of business competitiveness, covering a relatively consistent gap in terms of knowledge and inconclusive or even diffuse interactions regarding these interactions. In terms of internationalization, innovation and strategy, failure rates are quite high and have correspondingly consistent costs for companies. These are related to implementation details. Assuming there is a poor implementation of internationalization, innovation and strategy and to the extent that firms examine in detail each dimension of their business, they will tolerate an increase in costs. Even in these conditions, contrary to their weight, many SMEs do not have structured processes and protocols for internationalization, innovation and strategy. In entrepreneurial micro-enterprises, which is the main object of research, this aspect is particularly important and real. Identifying the tools used by companies to design the processes of development and implementation of internationalization, innovation and strategy, determinants and causes is very important to identify the main factors with particular impact on business performance and how these effects act or occur.http://www.rejournal.eu/article/implementing-innovation-strategy-international-smesorganizational changediagnostic evaluationentrepreneurshipstrategysmes. |
| spellingShingle | Daniel Rusu Implementing the Innovation Strategy in International SMEs Romanian Economic Journal organizational change diagnostic evaluation entrepreneurship strategy smes. |
| title | Implementing the Innovation Strategy in International SMEs |
| title_full | Implementing the Innovation Strategy in International SMEs |
| title_fullStr | Implementing the Innovation Strategy in International SMEs |
| title_full_unstemmed | Implementing the Innovation Strategy in International SMEs |
| title_short | Implementing the Innovation Strategy in International SMEs |
| title_sort | implementing the innovation strategy in international smes |
| topic | organizational change diagnostic evaluation entrepreneurship strategy smes. |
| url | http://www.rejournal.eu/article/implementing-innovation-strategy-international-smes |
| work_keys_str_mv | AT danielrusu implementingtheinnovationstrategyininternationalsmes |