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Crossing Borders through Clusters: Internationalisation of SMEs in the Life Sciences Industry
Halmstad University, School of Business, Innovation and Sustainability.ORCID iD: 0000-0002-2574-9099
Halmstad University, School of Business, Innovation and Sustainability.ORCID iD: 0000-0002-8194-2053
2023 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

Small and medium-sized enterprises (SMEs) often face significant barriers during internationalisation. This paper aims to examine how formal industry clusters, defined as groups of similar firms in a specific geographic area, can reduce these barriers and enable successful global expansion for SMEs. It highlights the role of legitimacy within these clusters, a crucial aspect that can directly influence SMEs' ability to attract global partners and investors. The paper focuses on the life sciences industry within the developed contexts of Scotland and Denmark, through a qualitative approach involving interviews with 17 CEOs and founders of SMEs in this industry. The findings offer valuable insights by extending legitimacy theory, highlighting how industry clusters facilitate SMEs' legitimacy, and addressing challenges like resource accessibility, adaptations, and partnerships. It emphasises the dynamic relationship between internationalisation and legitimacy, noting its variability across different internationalisation stages.

Place, publisher, year, edition, pages
2023.
Keywords [en]
Internationalisation, SMEs, Formal Industry Clusters, Life Science Industry, Legitimacy
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-52390OAI: oai:DiVA.org:hh-52390DiVA, id: diva2:1826423
Conference
EIBA 2023, 49th Conference of the European International Business Academy, The Changing Global Power Balance: Challenges for European Firms, Lisbon, Portugal, December 15-17, 2023 
Projects
LNETN - Legitimation of newness for changeAvailable from: 2024-01-11 Created: 2024-01-11 Last updated: 2024-06-05Bibliographically approved

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Ramos, Manoella AntonietaAndersson, Svante

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CiteExportLink to record
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Citation style
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  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
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