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Trading Places – SMEs in the Global Economy
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Trading Places – SMEs in the Global Economy

A Critical Research Handbook

9781845420390 Edward Elgar Publishing
Edited by Lester Lloyd-Reason, Emeritus Professor of Enterprise Strategy, Anglia Ruskin University and Leigh Sear, SFEDI, UK
Publication Date: 2007 ISBN: 978 1 84542 039 0 Extent: 272 pp
Lester Lloyd-Reason and Leigh Sear bring together leading researchers and thinkers in this critical guide to the ongoing, worldwide research shaping the role played by SMEs within today’s global economy.

The expert contributors contend that the past twenty years have seen an explosion in research into international SMEs, resulting in a considerable body of academic literature and thinking. This research, they argue, may merely serve to increase our lack of understanding in this area, and often results in myths and misconceptions upon which SME policies and support programmes have been developed and introduced.

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Critical Acclaim
Contributors
Contents
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Lester Lloyd-Reason and Leigh Sear bring together leading researchers and thinkers in this critical guide to the ongoing, worldwide research shaping the role played by SMEs within today’s global economy.

The expert contributors contend that the past twenty years have seen an explosion in research into international SMEs, resulting in a considerable body of academic literature and thinking. This research, they argue, may merely serve to increase our lack of understanding in this area, and often results in myths and misconceptions upon which SME policies and support programmes have been developed and introduced. They go on to suggest that academic models are often poorly suited to the problems faced by SMEs within the international trading environment. In many instances, the contributors find SMEs at the vanguard of the challenge to accepted business practices: it is these challenges that underpin the text.

Illustrating that today’s SMEs are faced with the critical issue of how to create and maintain a sustainable competitive advantage in light of the increased complexity of international trade and global business linkages, this Handbook will prove invaluable to both academics and practitioners involved in business and management and entrepreneurship.
Critical Acclaim
‘There are 18 contributions in the book; all of whom are very highly regarded in the fields of entrepreneurship and international management. . . the book is well researched and edited. The book provides an excellent discussion on the importance of SMEs in the global economy. Through a number of different case study examples and discussion of various elements of the internationalization process, this book provides an outstanding resource for the study of SMEs that operate in the international market.’
– Vanessa Ratten, Journal of International Entrepreneurship

‘This book is most timely. It arrives at a time when globalisation and new technologies present major opportunities and challenges to the role of the independent small and medium sized business in economies. . . The book’s strength in dealing with many of the emerging issues is underpinned by a truly international range of contributors with a strong mix of practical as well as academic experience.’
– From the preface by Allan Gibb, Professor Emeritus, Durham University, UK
Contributors
Contributors: D.R. Bagby, T. Barbosa, J. Calof, L.P. Dana, P. Dishman, H. Etemad, T. Fuller, A. Griffiths, K. Herrmann, R. Klingebiel, L. Lloyd-Reason, T. Mazzarol, J. Mitra, T. Mughan, L.E. Palich, L. Sear, S. Smith, S. Wall, R. Wright, C. Zimmermann
Contents
Contents:

Preface

1. Introduction: The Role of SMEs in the Global Economy
Lester Lloyd-Reason and Leigh Sear

PART I: PROCESSES AND PRACTICES OF SMEs AND GLOBAL TRADING
2. Doing Business: The Nature of Global Trading
Alan Griffiths, Stuart Wall, Carsten Zimmermann and Ronald Klingebiel

3. Traditional and Emergent Forms of Global Trading
Leo-Paul Dana, Hamid Etemad and Richard Wright

4. Trade Trends in Transatlantica: A Profile of SMEs in the United States and Europe
Leslie E. Palich and D. Ray Bagby

PART II: MANAGEMENT, LEADERSHIP AND STRATEGY IN GLOBAL SMEs
5. Entrepreneurs and their Personal and Business Relations: Shaping Manufacturing SMEs’ Global Strategy
Telma Barbosa and Ted Fuller

6. Managing with Complexity, Uncertainty and Ambiguity
Keith Herrmann

7. Managing the Global Operation
Tim Mazzarol

PART III: LEARNING, SKILLS AND KNOWLEDGE IN DOING GLOBAL BUSINESS
8. Skills and Knowledge Needs of the Global SME
Terry Mughan and Lester Lloyd-Reason

9. Competitive Intelligence and the Global SME
Jonathan Calof and Paul Dishman

10. The Choreography of Internationalisation: Innovative Forms of Learning and Activities of Small and Medium-sized Enterprises in International Markets
Jay Mitra

PART IV: SMEs IN THE GLOBAL ECONOMY: POLICY PERSPECTIVES
11. Foresights, Futures and Scenarios for the Global SME
Stuart Smith

12. SMEs in the Global Economy: Policy Perspectives
Leigh Sear and Lester Lloyd-Reason

Index
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