Abstract
The growth of information and communication technologies over the past decade has radically transformed the way we communicate, learn and do business. The Internet and e-business solutions have brought many benefits to businesses, especially lowering information and communication costs, gathering intelligence on target market and maintaining collaboration among their internal and external business processes to meet the demands of competition in today's dynamic business environment. Despite the rapidly growing literature on e-business, research on the impact of e-business in the internationalization process of exporting firms is comparatively limited. This study investigates the relationship between organizational use of e-business technologies, composed of communication, intelligence, and collaboration, and international performance of exporting firms by using partial-least squares (PLS) modelling, a second-generation technique in structural equation modelling (SEM), on data drawn from a survey of 70 exporting firms in North Cyprus. The findings show an existing relationship between e-business adoption and international performance of exporting firms.
Highlights
Globalization made the world smaller because it connects people as if they are right next to each other
This study investigates the relationship between organizational use of e-business technologies, composed of communication, intelligence, and collaboration, and international performance of exporting firms by using partial-least squares (PLS) modelling, a second-generation technique in structural equation modelling (SEM), on data drawn from a survey of 70 exporting firms in North Cyprus
The research hypotheses are tested by examining the direction, strength and level of significance of the path coefficients calculated by the PLS method
Summary
Globalization made the world smaller because it connects people as if they are right next to each other. With the commencement of globalization in the 21st century, companies have the chance of going international. New challenges and opportunities are introduced to firms by globalization. These opportunities include accessing new markets that were previously not accessible due to several reasons including cost, regulation, or indirect barriers, the capability to provide resources such as capital, labor, and knowledge on an international basis as well as and the possibility of taking part in global production networks that are becoming widespread in several major industries such as automotive, electronics, toys and textiles. Globalization introduces several challenges such as foreign competitors launching in the local market of a firm as well as the local competitors cutting down cost due to outsourcing, offshore manufacturing and entering new markets. Globalization strengthens firms in order to both streamline and increase their efficiency as well as geographically expand their operations
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