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Book part
Publication date: 10 September 2018

Market Entry Strategies, Innovation and Performance of SMEs in the Service Sector

Katharina Maria Hofer and Alexandra Baba

Small- and medium-sized enterprises (SMEs) face challenges in internationalisation due to their limited resources. Research on service firm internationalisation as well as…

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Abstract

Small- and medium-sized enterprises (SMEs) face challenges in internationalisation due to their limited resources. Research on service firm internationalisation as well as the antecedents and consequences is scarce. Literature suggests that internationalisation for service firms is even more demanding than for manufacturing firms due to the characteristics of services such as intangibility. Extant literature states that firms introducing innovations are more likely to export. However, research on learning by exporting and thus investigating the effect of a firm’s export status on innovation is comparatively scarce. Therefore, the authors investigate the influence of different market entry strategies on innovation and firm performance. The authors employ a quantitative, survey-based approach to test our hypotheses based on a sample of internationally active firms headquartered in Austria. Regarding firm financial performance, the analysis of the data shows that the entry strategy of direct entry excels the direct export strategy. In terms of non-financial performance, the strategies of direct entry and direct export seem to be equally feasible.

Details

Key Success Factors of SME Internationalisation: A Cross-Country Perspective
Type: Book
DOI: https://doi.org/10.1108/S1876-066X20180000034009
ISBN: 978-1-78754-277-8

Keywords

  • SMEs
  • internationalisation
  • services
  • innovation
  • performance
  • market entry

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Article
Publication date: 20 July 2015

Market orientation, entrepreneurial orientation and performance in emerging markets

Tina Gruber-Muecke and Katharina Maria Hofer

– The purpose of this paper is to examine how market-oriented and entrepreneurial-oriented behaviour drives firm performance in an emerging markets context.

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Abstract

Purpose

The purpose of this paper is to examine how market-oriented and entrepreneurial-oriented behaviour drives firm performance in an emerging markets context.

Design/methodology/approach

Using data from 170 Austrian exporters to Central and Eastern Europe, the authors test a conceptual model including market-oriented and entrepreneurial-oriented practices as predictors of performance.

Findings

Results indicate that both market-orientated and entrepreneurial-oriented strategies have positive performance effects in emerging markets.

Research limitations/implications

A limitation is that firms were not examined longitudinally, as this is a cross-sectional study. Future research may include longitudinal studies or focus on other markets/regions.

Practical implications

Firms are encouraged to adopt a market-oriented and entrepreneurial-oriented strategy to achieve better results in international, emerging market operations.

Originality/value

The authors add to the emerging economy research literature by studying the relevance of market orientation and entrepreneurial orientation in determining firm performance in emerging markets. Furthermore, this study supports the generalizability of findings from an advanced to an emerging economies research setting.

Details

International Journal of Emerging Markets, vol. 10 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/IJoEM-05-2013-0076
ISSN: 1746-8809

Keywords

  • Emerging markets
  • Eastern Europe
  • Performance
  • Market orientation

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Book part
Publication date: 24 October 2015

A Taxonomy of Export-Pricing Strategies and Their Performance in International Markets

Katharina Maria Hofer, Lisa Maria Niehoff and Gerhard A. Wuehrer

In this paper, we examine the elements of pricing approaches in export businesses and their performance in an international environment. The elements of pricing approaches…

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Abstract

Purpose

In this paper, we examine the elements of pricing approaches in export businesses and their performance in an international environment. The elements of pricing approaches consist of cost-based, competitor-based, and value-based decisions made by different levels of management. By providing an integrated, holistic view, we investigate how different types of export-pricing strategies influence export performance, and which elements strengthen or attenuate the outcomes of strategic actions.

Methodology/approach

Using data from a survey of 172 export managers, we test our hypotheses in a two-step approach. First, we use an unsupervised approach to group the export companies and to validate the cluster solution internally and externally. Second, we test our hypotheses regarding export performance.

Findings

The results show that the types of export-pricing strategies are unequally distributed, and the elements of the strategies have different complexities. Export performance varies significantly by type of pricing orientation used.

Details

International Marketing in the Fast Changing World
Type: Book
DOI: https://doi.org/10.1108/S1474-797920150000026005
ISBN: 978-1-78560-233-7

Keywords

  • Export marketing
  • pricing strategies
  • performance
  • factor analysis
  • cluster analysis

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Book part
Publication date: 31 January 2015

The Effects of Dynamic Capabilities on Value-Based Pricing and Export Performance

Katharina Maria Hofer, Lisa Maria Niehoff and Gerhard A. Wuehrer

In this study, we examine the influence of different components of dynamic capabilities on value-based pricing and export performance. We develop a research model…

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Abstract

In this study, we examine the influence of different components of dynamic capabilities on value-based pricing and export performance. We develop a research model investigating the three component factors of dynamic capabilities, that is, adaptive capability, absorptive capability, and innovative capability, and their respective influence on value-based pricing and export performance. Furthermore, we hypothesize a relationship between value-based pricing and export performance. Building upon a sample of 172 Austrian CEOs and marketing managers, we test our hypotheses through structural equation modeling using partial least squares. The results reveal that a firm’s adaptive capability and innovative capability both positively influence value-based pricing. Furthermore, our results show that adaptive capability has a positive influence on export performance. The relationship between value-based pricing and export performance could not be supported. Hence, we conclude that a firm’s adaptive capability plays a central role in international pricing and leads to enhanced export performance.

Details

Entrepreneurship in International Marketing
Type: Book
DOI: https://doi.org/10.1108/S1474-797920140000025005
ISBN: 978-1-78441-448-1

Keywords

  • Dynamic capabilities
  • value-based pricing
  • export performance
  • international marketing

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Book part
Publication date: 10 September 2018

Prelims

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Details

Key Success Factors of SME Internationalisation: A Cross-Country Perspective
Type: Book
DOI: https://doi.org/10.1108/S1876-066X20180000034014
ISBN: 978-1-78754-277-8

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Article
Publication date: 20 July 2015

International brand promotion standardization and performance

Katharina Maria Hofer

This study aims to examine the impact of branding aspects on firm performance in several markets of Central and Eastern Europe (CEE). Specifically, the question of brand…

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Abstract

Purpose

This study aims to examine the impact of branding aspects on firm performance in several markets of Central and Eastern Europe (CEE). Specifically, the question of brand promotion standardization is the focus of attention.

Design/methodology/approach

After literature review, a conceptual model suggests that the standardization of brand promotion, as well as a long-term brand vision provided by management, positively influences firm performance in the target market. Furthermore, the model considers the external environmental factors of media infrastructure and customer homogeneity. Data gathered from a survey with managers allow testing the hypotheses through structural equation modeling.

Findings

The results of the quantitative study largely support the hypotheses. A positive relationship between media infrastructure and promotion standardization was found. Promotion standardization and brand vision both have a significant impact on firm performance in the target market. The relationship between customer homogeneity and promotion standardization could not be supported.

Research limitations/implications

The conceptual model depicts a highly specific area of investigation. Future research may include other variables and/or focus on different markets or regions to further add to the generalizability of the results.

Practical implications

The existing media infrastructure in the foreign target markets of Central and Eastern Europe should be thoroughly considered. A standardized approach toward brand promotion is recommended for Central and Eastern European markets to enhance firm performance.

Originality/value

This study contributes to the literature by considering branding in an international context which is still underrepresented in international management and marketing research.

Details

Management Research Review, vol. 38 no. 7
Type: Research Article
DOI: https://doi.org/10.1108/MRR-06-2013-0136
ISSN: 2040-8269

Keywords

  • Performance
  • Standardization
  • Brand management
  • CEE markets

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Article
Publication date: 15 June 2015

Service innovation and usage intention: a cross-market analysis

Yen-Ting Helena Chiu and Katharina Maria Hofer

– The purpose of this paper is to investigate market-contextual variations in consumers’ self-service technology (SST) usage intentions.

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Abstract

Purpose

The purpose of this paper is to investigate market-contextual variations in consumers’ self-service technology (SST) usage intentions.

Design/methodology/approach

Applications of the unified theory of acceptance and use of technology support the exploration of antecedents of usage intention for SSTs in two market contexts, through a survey among Taiwanese and Austrian college students. The cross-cultural nature of the study suggested the need for factor analyses to evaluate measurement equivalence. A Chow-Test confirmed structural stability, followed by regression analysis and independent samples t-tests to confirm the hypotheses.

Findings

Substantial differences arise across market contexts that shape usage intentions. In a collectivistic, emerging market context (Taiwan), performance expectancy, effort expectancy, social influence, facilitating conditions, and personal innovativeness significantly influence usage intention. In an individualistic, advanced market context (Austria), only performance expectancy and social influence have significant impacts on usage intention. Personal innovativeness moderates only the relationship between performance expectancy and usage intention.

Practical implications

The findings suggest that usage intention is subject to the market environment in which the technology is introduced. Consumers are influenced by the local and institutional-cultural environment.

Originality/value

Globalization has accelerated the launch of retail services innovations. It is imperative to understand consumers’ usage intentions from a global perspective. This study advances SST research by analyzing and comparing adoption behavior in an advanced vs emerging market setting.

Details

Journal of Service Management, vol. 26 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/JOSM-10-2014-0274
ISSN: 1757-5818

Keywords

  • Service innovation
  • Technology acceptance
  • Emerging market
  • Cross-national survey
  • International consumer behaviour
  • Usage intention

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Book part
Publication date: 31 January 2015

List of Contributors

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Abstract

Details

Entrepreneurship in International Marketing
Type: Book
DOI: https://doi.org/10.1108/S1474-797920140000025016
ISBN: 978-1-78441-448-1

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Book part
Publication date: 24 October 2015

List of Contributors

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Abstract

Details

International Marketing in the Fast Changing World
Type: Book
DOI: https://doi.org/10.1108/S1474-797920150000026016
ISBN: 978-1-78560-233-7

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Book part
Publication date: 10 September 2018

Introduction

Noémie Dominguez and Ulrike Mayrhofer

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Abstract

Details

Key Success Factors of SME Internationalisation: A Cross-Country Perspective
Type: Book
DOI: https://doi.org/10.1108/S1876-066X20180000034021
ISBN: 978-1-78754-277-8

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