Strategic Planning Models for the International Expansion of Latin American SMEs

• Author(s): ISABELLA RODRIGUES
• Paper ID: 1708941
• Page: 309-313
• Published Date: 31-01-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 7 January-2021

Abstract

The international expansion of small and medium-sized enterprises (SMEs) in Latin America presents both strategic opportunities and significant challenges in a globalized economy. This article explores key theoretical frameworks that inform the strategic planning process for these firms, including the Uppsala Internationalization Model, the Springboard Perspective, institutional theory, social network approaches, and dynamic capabilities. By analyzing how these models apply to the Latin American context, the article highlights the need for SMEs to adopt adaptive and multifaceted strategies that align with their resource constraints and external environments. The study concludes that successful internationalization requires a combination of incremental learning, strategic resource acquisition, network engagement, and institutional awareness to navigate the complexities of foreign market entry and global competition.

Keywords

Internationalization, Latin American SMEs, Strategic Planning, Institutional Theory, Uppsala Model.

Citations

IRE Journals:
ISABELLA RODRIGUES "Strategic Planning Models for the International Expansion of Latin American SMEs" Iconic Research And Engineering Journals Volume 4 Issue 7 2021 Page 309-313

IEEE:
ISABELLA RODRIGUES "Strategic Planning Models for the International Expansion of Latin American SMEs" Iconic Research And Engineering Journals, 4(7)