Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania
Small and medium-sized enterprises (SMEs) are assumed to be one of the key contributors to the country’s economic growth and social welfare. Thus, their internationalisation appears to be inevitable considering how globalisation processes have changed the rules of competition in recent decades. Smar...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Riga Technical University Press
2019-01-01
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| Series: | Economics and Business |
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| Online Access: | https://doi.org/10.2478/eb-2019-0014 |
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| author | Kovaitė Kristina Šūmakaris Paulius Stankevičienė Jelena Korsakienė Renata |
| author_facet | Kovaitė Kristina Šūmakaris Paulius Stankevičienė Jelena Korsakienė Renata |
| author_sort | Kovaitė Kristina |
| collection | DOAJ |
| description | Small and medium-sized enterprises (SMEs) are assumed to be one of the key contributors to the country’s economic growth and social welfare. Thus, their internationalisation appears to be inevitable considering how globalisation processes have changed the rules of competition in recent decades. Smart and digitalised technologies (Internet of Things and Services, etc.) decentralise communication and provide the opportunities for new firms to overcome the barriers of geographical location and access international markets through co-creation business models and changes of the value chains. The paper aims at analysing and disclosing how the fourth industrial revolution (Industry 4.0) influences SME internationalisation. The present study is grounded on the research of extant scientific literature and assessment of experts. The research demonstrates that Industry 4.0 positively influences the internationalisation of SMEs on a number of dimensions. The recommendations for managers and policymakers how to foster internationalisation of SMEs are suggested. |
| format | Article |
| id | doaj-art-3b350b4c4e634bcea4e628d3d11a056e |
| institution | DOAJ |
| issn | 1407-7337 2256-0394 |
| language | English |
| publishDate | 2019-01-01 |
| publisher | Riga Technical University Press |
| record_format | Article |
| series | Economics and Business |
| spelling | doaj-art-3b350b4c4e634bcea4e628d3d11a056e2025-08-20T02:56:33ZengRiga Technical University PressEconomics and Business1407-73372256-03942019-01-0133119220610.2478/eb-2019-0014eb-2019-0014Industry 4.0 as the Driving Force of SME Internationalisation: A Case of LithuaniaKovaitė Kristina0Šūmakaris Paulius1Stankevičienė Jelena2Korsakienė Renata3Vilnius Gediminas Technical University, Vilnius, LithuaniaVilnius Gediminas Technical University, Vilnius, LithuaniaVilnius Gediminas Technical University, Vilnius, LithuaniaVilnius Gediminas Technical University, Vilnius, LithuaniaSmall and medium-sized enterprises (SMEs) are assumed to be one of the key contributors to the country’s economic growth and social welfare. Thus, their internationalisation appears to be inevitable considering how globalisation processes have changed the rules of competition in recent decades. Smart and digitalised technologies (Internet of Things and Services, etc.) decentralise communication and provide the opportunities for new firms to overcome the barriers of geographical location and access international markets through co-creation business models and changes of the value chains. The paper aims at analysing and disclosing how the fourth industrial revolution (Industry 4.0) influences SME internationalisation. The present study is grounded on the research of extant scientific literature and assessment of experts. The research demonstrates that Industry 4.0 positively influences the internationalisation of SMEs on a number of dimensions. The recommendations for managers and policymakers how to foster internationalisation of SMEs are suggested.https://doi.org/10.2478/eb-2019-0014business modelindustry 4.0.sme internationalisationsmart and interconnected technologiesd81f23f61 |
| spellingShingle | Kovaitė Kristina Šūmakaris Paulius Stankevičienė Jelena Korsakienė Renata Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania Economics and Business business model industry 4.0. sme internationalisation smart and interconnected technologies d81 f23 f61 |
| title | Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania |
| title_full | Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania |
| title_fullStr | Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania |
| title_full_unstemmed | Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania |
| title_short | Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania |
| title_sort | industry 4 0 as the driving force of sme internationalisation a case of lithuania |
| topic | business model industry 4.0. sme internationalisation smart and interconnected technologies d81 f23 f61 |
| url | https://doi.org/10.2478/eb-2019-0014 |
| work_keys_str_mv | AT kovaitekristina industry40asthedrivingforceofsmeinternationalisationacaseoflithuania AT sumakarispaulius industry40asthedrivingforceofsmeinternationalisationacaseoflithuania AT stankevicienejelena industry40asthedrivingforceofsmeinternationalisationacaseoflithuania AT korsakienerenata industry40asthedrivingforceofsmeinternationalisationacaseoflithuania |