Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania

2019
Kristina Kovaite, Paulius Šūmakaris, Jelena Stankevičiene, Renata Korsakiene

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 cocreation 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.

Atslēgas vārdi
Business Model, Industry 4.0., SME Internationalisation, Smart and Interconnected Technologies
DOI
10.2478/eb-2019-0014

Kovaite, K., Šūmakaris, P., Stankevičiene, J., Korsakiene, R. Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania. Economics and Business, 2019, Vol. 33, No. 1, 192.-206. lpp. ISSN 2256-0386. e-ISSN 2256-0394. Pieejams: doi:10.2478/eb-2019-0014

Publikācijas valoda
English (en)