TY - JOUR
T1 - Internal factors that stimulate the internationalization of companies in Peru’s jewellery sector
AU - Jara, Jhanira
AU - Roman, Paola
AU - Surichaqui, Roxy
AU - Vicente-Ramos, Wagner
N1 - Publisher Copyright:
© 2020 The Author(s). Published by Vilnius GediminasTechnical University.
PY - 2020/6/25
Y1 - 2020/6/25
N2 - The purpose of this research is to make known the internal factors that stimulate the internationalization of companies in the jewelery sector. We consider the qualitative approach at the descriptive level through semi-structured interviews with twelve major exporting companies in the jewelery sector in Peru. The results of the investigation show that the most relevant internal factors for the internationalization of jewelry companies is the international experience based on the understanding of markets, foreign clients, competition, knowledge of the documents and certificates necessary for an export, international commercial relations and risks in the negotiations; Another relevant internal factor is the personalization of the product with characteristics of innovation that generates better export results and, therefore, have a competitive position, since in the international market customers consider that companies have a product with added value, innovative and competitive. Moderately relevant factors are transaction costs, firm size, and the tacit nature of know-how; while opportunistic behaviuor is of little relevance. These findings will serve to understand opportunities and limitations that companies must be aware of to undertake new internationalization projects in the jewelery sector.
AB - The purpose of this research is to make known the internal factors that stimulate the internationalization of companies in the jewelery sector. We consider the qualitative approach at the descriptive level through semi-structured interviews with twelve major exporting companies in the jewelery sector in Peru. The results of the investigation show that the most relevant internal factors for the internationalization of jewelry companies is the international experience based on the understanding of markets, foreign clients, competition, knowledge of the documents and certificates necessary for an export, international commercial relations and risks in the negotiations; Another relevant internal factor is the personalization of the product with characteristics of innovation that generates better export results and, therefore, have a competitive position, since in the international market customers consider that companies have a product with added value, innovative and competitive. Moderately relevant factors are transaction costs, firm size, and the tacit nature of know-how; while opportunistic behaviuor is of little relevance. These findings will serve to understand opportunities and limitations that companies must be aware of to undertake new internationalization projects in the jewelery sector.
KW - Export
KW - Exporting companies
KW - Internal factors
KW - International experience
KW - Internationalization
KW - Jewelery sector
KW - Peru
KW - Product customization
UR - http://www.scopus.com/inward/record.url?scp=85096444493&partnerID=8YFLogxK
U2 - 10.3846/btp.2020.12929
DO - 10.3846/btp.2020.12929
M3 - Original Article
AN - SCOPUS:85096444493
SN - 1648-0627
VL - 21
SP - 792
EP - 803
JO - Business: Theory and Practice
JF - Business: Theory and Practice
IS - 2
ER -