Business models for internationalization: an analysis on traditional manufacturing smes

2021

Small and medium-sized enterprises (SMEs) are a fundamental actor for the economic and social development of nations. However, these companies have poorer survival prospects than large firms (Freeman, Carroll and Hannan, 1983) and find it difficult to grow abroad (Crick and Barr, 2007). In the case of SMEs in traditional manufacturing industries, in addition to the limitations associated with their small size, there are also difficulties in maintaining competitiveness suffered by non-knowledge-intensive companies (Pla-Barber, Villar and Benito-Sarriá, 2020). For this reason, survival problems and barriers to internationalization are even more prevalent in traditional manufacturing SMEs. The…