Open AccessStrategies and Techniques for the Internationalization of Non-Dominant Firms: A Qualitative Study
Author(s) -
Wilson Freddy Makaya,
Chijioke Nwachukwu,
Hieu Minh Vu
Publication year - 2021
Publication title -
international journal of innovative research and scientific studies
Language(s) - English
Resource type - Journals
eISSN - 2790-7600
pISSN - 2617-6548
DOI - 10.53894/ijirss.v4i4.299
Subject(s) - internationalization , international market , point (geometry) , diaspora , business , foundation (evidence) , entrepreneurship , marketing , industrial organization , sociology , political science , international trade , gender studies , finance , law , geometry , mathematics
This study focuses on the strategies and techniques used by small or medium-sized enterprises (SMEs) to join and dominate large firms in global markets. The analytical works refer to the prevailing writings on international markets and entrepreneurship. Based on the categorizations and analyses of the themes and sub-themes, the historical development of global markets and theories is recounted, thereby creating a foundation for assessing the strategies and techniques of non-dominant firms. The findings indicate that the number of small and medium enterprises joining international markets is growing due to the adoption of robust strategies and techniques. An international model is proposed, which consists of three techniques of the Diaspora approach, social media approach, and re-approach, along with strategies that consist of three dimensions: a big dream or desire to internationalize, a need to internationalize, and an ability to internationalize." This paper provides a point of reference for practitioners and researchers interested in attaining comprehensive insight into internationalization.