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From the deliberate managerial strategy towards international business performance: A psychic distance vs. global mindset approach

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  • Elena‐Mădălina Vătămănescu
  • Vlad‐Andrei Alexandru
  • Andreea Mitan
  • Dan‐Cristian Dabija

Abstract

The current paper aims to address, within a comprehensive framework, two different facets of the internationalization strategies of small and medium‐sized enterprises, that is, the roles of psychic distance and global mindset within managerial dyadic collaborations. By considering cross‐border ventures as outcomes of deliberate managerial strategies in the quest for achieving international business performance, the study lays emphasis on several dimensions apposite to each of the two constructs, namely, geographic distance and intercultural compatibility for the psychic distance and trust‐based relationships and network‐based connectivity for the global mindset. A questionnaire‐based survey with top managers from 112 European industrial small and medium‐sized enterprises was conducted, the data being processed by means of a structural equation modelling technique. The findings showed that the structural model accounts for 63.9% of the variance in international business performance, whereas the dimensions of psychic distance exert significant positive influences on the endogenous variable.

Suggested Citation

  • Elena‐Mădălina Vătămănescu & Vlad‐Andrei Alexandru & Andreea Mitan & Dan‐Cristian Dabija, 2020. "From the deliberate managerial strategy towards international business performance: A psychic distance vs. global mindset approach," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(2), pages 374-387, March.
    • Handle: RePEc:bla:srbeha:v:37:y:2020:i:2:p:374-387
    DOI: 10.1002/sres.2658
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    Cited by:

    1. Dandong Ge & Yanyan Zheng & Shenning Zhang & Jiayi Fu & Fei Su, 2022. "Spatio-Temporal Pattern and Influence Mechanism of Rural Human Settlements System Resilience: Case from China," Sustainability, MDPI, vol. 14(21), pages 1-24, November.
    2. David Sloan & Alan C. Mikkelson & Sebastian Vaduva, 2020. "The Importance of Mentorship in Diminishing Workaholism 1030 and Increasing Heavy Work Investment: Evidence from the United States," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(Special 1), pages 1030-1030, November.
    3. Mădălina-Elena Stratone & Elena-Mădălina Vătămănescu & Laurențiu-Mihai Treapăt & Mihaela Rusu & Cristian-Mihai Vidu, 2022. "Contrasting Traditional and Virtual Teams within the Context of COVID-19 Pandemic: From Team Culture towards Objectives Achievement," Sustainability, MDPI, vol. 14(8), pages 1-19, April.
    4. Monica Ioana Burcă-Voicu & Romana Emilia Cramarenco & Dan-Cristian Dabija, 2022. "Investigating Learners’ Teaching Format Preferences during the COVID-19 Pandemic: An Empirical Investigation on an Emerging Market," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    5. Lunzheng Zhou & Guangji Tong, 2022. "Structural Evolution and Sustainability of Agricultural Trade between China and Countries along the “Belt and Road”," Sustainability, MDPI, vol. 14(15), pages 1-24, August.
    6. Jerdea Loredana, 2023. "A Bibliometric Analysis of four Constructs Interconnections: Innovation, Competitive Advantage, Agility and Performance," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1213-1226, July.
    7. Koveshnikov, Alexei & Dabija, Dan-Cristian & Inkpen, Andrew & Vătămănescu, Elena-Mădălina, 2022. "Not running out of steam after 30 years: The enduring relevance of Central and Eastern Europe for international management scholarship," Journal of International Management, Elsevier, vol. 28(3).
    8. Constantin Bratianu & Dan Florin Stanescu & Rares Mocanu, 2021. "Exploring the Knowledge Management Impact on Business Education," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
    9. Diego Chávez & Javier E. Contreras-Reyes & Byron J. Idrovo-Aguirre, 2022. "A Threshold GARCH Model for Chilean Economic Uncertainty," JRFM, MDPI, vol. 16(1), pages 1-15, December.
    10. Elena-Mădălina Vătămănescu & Andreea Mitan & Paul Claudiu Cotîrleț & Andreia Gabriela Andrei, 2022. "Exploring the Mediating Role of Knowledge Sharing between Informal Business Networks and Organizational Performance: An Insight into SMEs Internationalization in CEE," Sustainability, MDPI, vol. 14(7), pages 1-15, March.
    11. George Lãzãroiu & Armenia Androniceanu & Iulia Grecu & Gheorghe Grecu & Octav Neguri?ã, 2022. "Artificial intelligence-based decision-making algorithms, Internet of Things sensing networks, and sustainable cyber-physical management systems in big data-driven cognitive manufacturing," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 1047-1080, December.
    12. Marcela-Sefora Nemteanu & Dan-Cristian Dabija, 2021. "The Influence of Internal Marketing and Job Satisfaction on Task Performance and Counterproductive Work Behavior in an Emerging Market during the COVID-19 Pandemic," IJERPH, MDPI, vol. 18(7), pages 1-16, April.
    13. Elena-Madalina VATAMANESCU & Andreea MITAN & Violeta-Mihaela DINCA & Andreia Gabriela ANDREI & Vlad-Andrei ALEXANDRU, 2021. "Smes Internationalization: Between Strategic Collaborators And Intermediaries," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 457-466, November.
    14. Marek Nagy & George Lăzăroiu, 2022. "Computer Vision Algorithms, Remote Sensing Data Fusion Techniques, and Mapping and Navigation Tools in the Industry 4.0-Based Slovak Automotive Sector," Mathematics, MDPI, vol. 10(19), pages 1-22, September.

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