Incremental versus Rapid Internationalisation of Firms: Results of Exploratory Investigation from Poland

Objective: The main objective of the article was to discuss the pace of internationalisation and its empirical verification among Polish firms taking into account two factors – strategic thinking and familiness of the studied firms.Research Design Methods: The paper, apart from literature review and...

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Bibliographic Details
Published in:Entrepreneurial Business and Economics Review 2015-01, Vol.3 (4), p.37-48
Main Author: Wach, Krzysztof
Format: Article
Language:English
Subjects:
born globals
Business Economy / Management
Entrepreneurs
Entrepreneurship
Families & family life
Family owned businesses
Globalization
International
international business
international entrepreneurship
internationalisation
Literature reviews
Research design
Strategic management
Strategic planning
Studies
Supranational / Global Economy
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Summary:Objective: The main objective of the article was to discuss the pace of internationalisation and its empirical verification among Polish firms taking into account two factors – strategic thinking and familiness of the studied firms.Research Design Methods: The paper, apart from literature review and its critique, is based on results of a survey conducted among randomly selected 355 internationalised firms of different sizes from Poland.Findings: Firms having an internationalisation strategy rather internationalize faster than these lacking such a strategy, taking into account the average number of years elapses from its founding to the first internationalisation. The empirical results show that the average time of internationalisation is shorter in case of family firms than non-family firms.Implications Recommendations: Strategic thinking seems to be very important while going international. A well thought-out strategy can stimulate the whole process of internationalisation, so decision makers, especially entrepreneurs, should pay more attention to strategic aspects, even in early stages of development or early internationalisation.Contribution Value Added: The article attempts to enrich the ongoing scientific discourse on the role of time and the pace of internationalisation by adding some evidence from Poland illustrating and verifying the links between strategic thinking as well as familiness of firms and the speed of internationalisation measured in years from the establishment of firms.
ISSN:2353-883X
2353-8821
DOI:10.15678/EBER.2015.030403