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Entrepreneurship and Sustainability Issues Open Access
Scopus - coverage starting with 2017 material
Received: 2016-12-16  |  Accepted: 2017-02-26  |  Published: 2017-06-30

Title

Intellectual capital as a driving force of internationalization: a case of Lithuanian SMEs


Abstract

Constantly changing technologies, increasing competition, unstable demand of consumers, economic and political changes encourage managers to seek new opportunities abroad and thus, expand their firms’ activities. Considering the importance of knowledge in a number of industries, competition is shaped by the firms’ intellectual capital. Referring to the intellectual capital theory, the assumption about the importance of intellectual resources in internationalization process is suggested. Grounded on intellectual capital theory and the main aspects of SMEs internationalization the paper aims to reveal the significance of some important factors in internationalization of Lithuanian SMEs. The study is based on expert evaluation method and reports the findings from questioning the representatives of science and business. The internationalization of SMEs is driven by work experience of employees, ability to transmit experience and international orientation of managers. These factors contribute to the development of technical knowledge and strategy development processes. Consequently, obtained technical expertise and strategies lead to the higher reputation of managers in international context. The findings are significant for entrepreneurs having strong intentions to expand their businesses and policy makers, concerning about promotion and support of internationalization processes. The insights into the development of future investigations are suggested.


Keywords

intellectual capital, human capital, structural capital, relational capital, internationalization, SMEs


JEL classifications

M13 , M16 , M19


URI

http://jssidoi.org/jesi/article/121


DOI


Pages

502-515


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Korsakienė, Renata
Vilnius Gediminas Technical University, Vilnius, Lithuania http://www.vgtu.lt
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Liučvaitienė, Aušra
Vilnius Gediminas Technical University, Vilnius, Lithuania http://www.vgtu.lt
University of Applied Sciences, Vilnius, Lithuania https://www.viko.lt
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Bužavaitė, Monika
Valuetech, Turin, Italy http://www.valuetech.eu
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Šimelytė, Agnė
Vilnius Gediminas Technical University, Vilnius, Lithuania http://www.vgtu.lt
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Journal title

Entrepreneurship and Sustainability Issues

Volume

4


Number

4


Issue date

June 2017


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References