Table Of ContentEDITED BY SVETLA MARINOVA,
JORMA LARIMO, AND
NIINA NUMMELA
VALUE
CREATION IN
INTERNATIONAL
BUSINESS
Volume 2:
An SME Perspective
Value Creation in International Business
Svetla M arinova • J orma Larimo • N iina N ummela
Editors
Value Creation in
International
Business
Volume 2: An SME Perspective
Editors
Svetla Marinova Niina Nummela
Department of Business and Management Turku School of Economics
Aalborg University University of Turku
Aalborg , Denmark Turku , Finland
Jorma Larimo
Department of Marketing
University of Vaasa
Vaasa , Finland
ISBN 978-3-319-39368-1 ISBN 978-3-319-39369-8 (eBook)
DOI 10.1007/978-3-319-39369-8
Library of Congress Control Number: 2016948085
© Th e Editor(s) (if applicable) and the Author(s) 2017
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Contents
1 Value Creation in the Internationalization of SMEs 1
Svetla Marinova , Niina Nummela , and Jorma Larimo
2 Value Creation in Globalizing SMEs 17
Tõnu Roolaht
3 International Opportunities and Value Creation
in International Entrepreneurship 55
Tuija Mainela , Vesa Puhakka , and Ingrid Wakkee
4 Growth and Value Creation Through
Diversified Exporting 81
Andreja Jaklič , Anže Burger , Aljaž Kunčič ,
and Desislava Dikova
5 Value Creation During Different Development
Stages: What Changes When an Entrepreneurial Firm
Transforms into a Multinational Corporation? 109
Peter Zettinig , Birgitta Sandberg , and Sascha Fuerst
v
vi Contents
6 A Service-Ecosystem Perspective on
Value Creation: Implications for
International Business 131
Valtteri Kaartemo , Melissa Archpru Akaka ,
and Stephen L. Vargo
7 More Than Just One Middleman: On the
Value of Different Entry Modes by SMEs
in Foreign Markets 151
Mette Vedel and Per Servais
8 Value Chain Management Capability in
International SMEs 171
Taina Eriksson , Niina Nummela , Liisa-Maija Sainio ,
and Sami S aarenketo
9 The Value of Knowledge, Network Relationships
and Governmental Support for Chinese Firms’ Early
Internationalization: Survey Evidence 195
Tiia Vissak , Tatyana Tsukanova , and Xiaotian Zhang
10 Intelligence Creation and Born-Global
Patterns of Small Engineering Firms in
Emerging Markets 219
Zizah Che Senik , Rosmah Mat Isa ,
Khairul Akmaliah Adham , and Ridzuan Md Sham
11 Does Being a Member of the Cluster Matter
in the Process of Value Creation Through
Internationalization? 245
Vesna Sedoglavich and Marina Dabić
Contents vii
12 The Internet’s Influence on Market Commitment,
Uncertainty and Risk in the Internationalization
Process of SMEs 271
Jonas Eduardsen and Reimer Ivang
13 Industry 4.0 and SMEs in the Northern
Jutland Region 309
Arnim Decker
14 Value Creation in an SME from a Traditional
Industry: It All Adds Up 337
Svetla Marinova and Marin Marinov
15 Sustainability and Corporate Social Responsibility
in Internationally Operating SMEs: Implications
for Performance 359
Lasse Torkkeli , Sami Saarenketo , Hanna Salojärvi ,
and Liisa-Maija Sainio
Index 375
Contributors
Khairul Akmaliah A dham is an associate professor at the Universiti Sains
Islam, Malaysia. She received her BBA from the International Islamic University
Malaysia as well as her MBA and PhD in Innovation Management from
Rensselaer Polytechnic Institute in New York. She has co-authored and edited
several books on Innovation and Entrepreneurship, Islamic Perspective on
Management and Services Marketing. Her current research interests include the
challenges in developing new-technology based ventures and the general condi-
tions that foster technological innovation and entrepreneurship in business and
industry. She teaches Organizational Th eory and is actively involved in produc-
ing case studies for teaching and learning.
Melissa Archpru Akaka is Assistant Professor of Marketing at the Daniels
College of Business at the University of Denver. She earned her PhD, MBA and
BBA in marketing from the University of Hawaii at Manoa. Prior to her gradu-
ate studies, Akaka spent several years working in the retail and travel industries,
as well as the not-for-profi t sector. Her research interests include value and value
co-creation, innovation and market (re)formation. She has published articles in
journals such as Marketing Th eory, Journal of International Marketing, Industrial
Marketing Management, International Journal of Advertising and European
Management Journal .
Anže Burger i s Assistant Professor of International Economics at University of
Ljubljana, Faculty of Social Sciences and a researcher at the Centre of International
Relations at the Faculty of Social Sciences. His research topics include international
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