International Business and Economic Growth: The Dimensions and Challenges of Internationalization

Conference: The Asian Conference on Business & Public Policy (ACBPP2021)
Title: International Business and Economic Growth: The Dimensions and Challenges of Internationalization
Stream: Economic Development / Technological Change and Growth
Presentation Type: Virtual Presentation
Authors:
Geoffrey Ditta, Nebrija University, Spain

Abstract:

This paper will examine the context of globalization and the development of companies. It is now established that internationalization is one of the essential strategic components from the outset. Smaller companies have an advantage due to the flexibility provided by their small size and dimension of a structure such as a representative office abroad. Whatever the scale, internationalization takes place in stages, although the crossing of these different stages can be rapid, depending on the incentives, provisions, means and motivations for export. As soon as they have the opportunity, small companies try the cross-border adventure, and they no longer hesitate at all to tackle sectors on other continents. The consensus is that small companies are also subject to several risks: product inadequacy, organizational complexities due to the increase in the size of the company, currency risk, the competence of local employees, social risks of labour protection, the financial risk of unprofitable investments, difficulties in obtaining credit and, above all, intercultural risk. In this paper we will discuss how small companies need to ask the right questions, and how can four steps of critical path analysis assist businesses? The four steps are: identify tasks, determine proper sequence of tasks, estimate the time required to perform each task, and prepare time-scaled chart of tasks and events to determine the critical path. The outcome of this study and our findings suggest that the support of theoretical models will help companies, through practice, the effective management of risks complexity in the context of internationalization.

Virtual Presentation

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