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Internationalisation of innovative SMEs in the Hungarian medical precision instruments industry

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  • Magdolna Sass

Abstract

Competitive and innovative Hungarian SMEs in the medical precision instruments sector can be characterised by continuous development, special knowledge and innovation activity. These are the main factors behind their high level of competitiveness and higher than average level of internationalisation. Certain companies could become leading firms in worldwide comparison in niche segments, and there are a few companies which internationalised early in the company life cycle and can be called ‘emerging born globals’. Thus post-communist economies can also be homes to such companies. This article analyses the motivation of internationalisation, the choice of foreign location and the main barriers to internationalisation for SMEs in this sector in Hungary, pointing out the similarities and differences between problems faced by smaller companies in former transition economies and in more developed economies.

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  • Magdolna Sass, 2012. "Internationalisation of innovative SMEs in the Hungarian medical precision instruments industry," Post-Communist Economies, Taylor & Francis Journals, vol. 24(3), pages 365-382, March.
    • Handle: RePEc:taf:pocoec:v:24:y:2012:i:3:p:365-382
    DOI: 10.1080/14631377.2012.705470
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    References listed on IDEAS

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    1. Benjamin M. Oviatt & Patricia P. McDougall, 2005. "Defining International Entrepreneurship and Modeling the Speed of Internationalization," Entrepreneurship Theory and Practice, , vol. 29(5), pages 537-553, September.
    2. Gabor Hunya & Magdolna Sass, 2005. "Coming and Going: Gains and Losses from Relocations Affecting Hungary," wiiw Research Reports 323, The Vienna Institute for International Economic Studies, wiiw.
    3. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131, December.
    4. Benjamin M Oviatt & Patricia P McDougall, 2005. "The internationalization of entrepreneurship," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(1), pages 2-8, January.
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    1. Tomasz Dorożyński & Anetta Kuna-Marszałek & Janusz Świerkocki, 2017. "Motives of Poland's Outward Direct Investments from the Lodz Region: Results of a Direct Study," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(2), pages 101-122.
    2. Bárbara Ilze Semensato & Fábio Lotti Oliva & Gilles Roehrich, 2022. "Innovation as an internationalisation determinant of Brazilian technology-based SMEs [La Innovación como Determinante de la Internacionalización de las PYMEs Brasileñas de Base Tecnológica]," Journal of International Entrepreneurship, Springer, vol. 20(3), pages 404-432, September.
    3. Ipsmiller, Edith & Dikova, Desislava, 2021. "Internationalization from Central and Eastern Europe: A systematic literature review," Journal of International Management, Elsevier, vol. 27(4).
    4. Morais, Flávio & Ferreira, João J., 2020. "SME internationalisation process: Key issues and contributions, existing gaps and the future research agenda," European Management Journal, Elsevier, vol. 38(1), pages 62-77.
    5. Ana Brochado & Carla Azevedo lobo & Luís Pacheco & Isabel Maldonado, 2020. "Drivers of and Barriers to the SME Internationalisation Process in a Small Open Economy," Economics Bulletin, AccessEcon, vol. 40(4), pages 2932-2942.
    6. Magdolna Sass & Andrea Éltetõ & Katalin Antalóczy, 2014. "Outward FDI from Hungary: the Emergence of Hungarian Multinationals," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 2(3), pages 47-61.

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