A Critical Research Handbook
- Elgar original reference
Edited by Lester Lloyd-Reason and Leigh Sear
12 SMEs in the global economy: policy perspectives Leigh Sear and Lester Lloyd-Reason Summary The previous chapters and contributions have critically assessed and reviewed a number of diﬀerent aspects of how SMEs engage, develop and embed global activities and trading in developing a small and medium enterprise (SME). The chapters have not only explored the type of activities and paths to international trading which are pursued by SMEs (Part I), but also how these activities and paths are managed (Part II). In comparison to other commentaries on SMEs in the global economy, the book has also critically explored the skills, knowledge and learning associated with managing global operations (Part III). Within these contributions, a consistent theme has emerged in terms of the complexities and realities faced by SMEs in developing global activities and markets. Various chapters have identiﬁed that the trading environment for SMEs interested in developing global markets has shifted considerably over the last ten years, creating a set of new barriers, challenges and opportunities for the global SME. Through diﬀerent learning styles, SMEs have developed a set of responses to overcome these challenges and opportunities, such as the rise of new ways of trading globally and the introduction of new forms of IT, often through learning by doing and learning by copying (Gibb 2000). As a result, however, a policy mismatch has emerged between the needs of SMEs trading globally and the responses of business support agencies and professionals. In the majority of developed market...
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