Introduction Internationalization of SMEs: Hamid Etemad Toward a New Paradigm Richard W. Wright There has long been an assumption in most and smaller entrepreneurial firms can take advan- International Business literature, that firms inter- tage of the vast opportunities of international nationalize gradually, in an incremental manner, markets previously exploited almost exclusively after a period of domestic experience and growth. by larger firms. A firm’s first steps are typically characterized as To explore and develop this emerging area of reactive, resulting from unsolicited export orders. research, a pioneering, three-day conference was This stream of literature assumes that firms are held in September 2000 at McGill University, in well established in their domestic market before Montreal, Canada, under the joint auspices of venturing abroad. McGill’s Business and Management Research Recently, scholars in the field of Entrepre- Centre, and the Dobson Centre for Entrepreneurial neurship have questioned the universality of the Studies. The conference brought together leading stage-theory explanation of firm internationaliza- scholars from international business, and from tion. They point to the inconsistency between the small business/entrepreneurship, to stimulate stage theory and the empirical reality of a growing integration of research in what had previously number of entrepreneurially oriented firms,
Small Business Economics – Springer Journals
Published: Oct 11, 2004
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