Globalization Strategies for Small and Medium Enterprises
Globalization Strategies for Small and Medium Enterprises: A Comparative Analysis Centered on Professor Kenshi Yamakura’s Inter-Organizational Relationships Theory Abstract Small and medium enterprises (SMEs) face significant challenges in globalization, such as resource constraints and market entry barriers. This paper centers on Professor Kenshi Yamakura’s theory of inter-organizational relationships, exploring how SMEs leverage inter-firm networks and strategic alliances to advance their business strategies and global expansion. It begins by outlining Yamakura’s research contributions, particularly analyzing his 2009 paper, Strategy and Organization of Small Business , and elucidating the linkage between business strategy and inter-organizational relationships. The paper then focuses on SMEs’ globalization strategies, comparing Yamakura’s network transformation perspective with Michael Porter’s industry structure analysis and Gary Hamel’s strategic intent theory. Findings re...