z-logo
open-access-imgOpen Access
International Market Expansion Strategies for High-Tech Firms: Examining the Importance of Different Partner Selection Criteria when Forming Strategic Alliances
Author(s) -
Øystein Moen,
Anette Bolstad,
Vidar Pedersen,
Ottar Bakås
Publication year - 2009
Publication title -
international journal of business and management
Language(s) - English
Resource type - Journals
eISSN - 1833-8119
pISSN - 1833-3850
DOI - 10.5539/ijbm.v5n1p20
Subject(s) - reputation , business , general partnership , industrial organization , selection (genetic algorithm) , strategic partnership , resource (disambiguation) , marketing , norwegian , finance , international trade , philosophy , computer network , social science , linguistics , artificial intelligence , sociology , computer science

Newly established, technology-based firms entering international markets often have limited resources in terms of capabilities, time, and capital. As a consequence, these firms often use entry modes characterised by low resource commitment, including partnership agreements (strategic alliances). This paper, investigates which partner selection criteria that are important for this group of firms when they are selecting partners. Based on case studies of three Norwegian firms targeting the UK market, five selection criteria have been identified as important (trust, relatedness of business, access to networks, access to market knowledge, reputation), one has been identified as partly important (sharing of financial risk), and ten have been identified as having limited importance. Further, the paper discusses the implications of these results for managers of small firms entering international markets and presents recommendations for further research.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here