Business Management

Introduction

An important event in the context of the general trend of internationalization has an increasingly active role of small and medium-sized enterprises (SMEs), the attention of a number of international researchers of the economy (eg been played attracted [Chetty et al., 2006], [Lu and Beamish, 2001], [Oviatt and McDougall, 2005] and [Zhou et al., 2007]). Internationalization provides opportunities for growth and productivity for small businesses. To realize these opportunities SMEs often have to make investments in international business relationships (Blankenburg Holm, Eriksson and Johanson, 2005).

Discussion

SMEs are usually financial and administrative resources are limited (Buckley, 2005), and therefore it is particularly important that the conditions for specific investments (Rishis) of small and medium-sized enterprises, and the enforcement of these ([Jarillo, 2008] and [ Oviatt and McDougall study, 2005]). Relationship specific investments are defined as investments are not easily translated into other relationships ([Klein et al., 1978], [Subramani and Venkatraman, 2003] and [Williamson, 1985]).

Since the majority of RSI studies in the home market have been carried out, has little empirical attention to the study RSI was in the intercultural exchange relationships (see paid [Blankenburg Holm et al., 2006] and [Skarmeas et al., 2002] , the famous exceptions). While growth has led the globalization of many partnerships between companies across national borders, our understanding of the background and results of the RSI remains in an international context is limited (Skarmeas et al., 2002).

International business means that companies with operations in countries that are involved more or less different from their domestic markets. Countries differ in their requirements of quality standards for products and their norms and values (ie, what social rules of business will be accepted). Rules, norms and values are parts of the country's institutions ([Kostova and Zaheer, 2005], [North, 1990] and [Scott, 2006]). Economic theory defines institutional agencies, the limitations of human beings are designed to shape human interaction ([North, 1990] and [North, 2005]). The establishment of a governance structure in which the management of activities (Williamson, 1985) implement and interpret the institutions, and act accordingly. Thus influence the macro-level institutional constraints of the company decision-making at the micro level (eg Scott, 2006). In addition to macro-and micro-economic perspectives of institutional constraints, we offer a socio-economic approach that the market of the social sphere, where the economic activity is embedded in social networks (see [Blau, 1964] and [Granovetter, 1985]) assumes. In this approach, companies are experiencing players in the internationalization, through relationships with others (ie other companies). To distinguish the socio-economic approach to macro and micro perspectives of institutions, we use the term "institutional barriers relate to how institutional constraints associated with knowledge management and operations of the relational level of business processes. More precisely, relates this concept to a situation in which the internationalization of SMEs perceive local agencies, the barriers were in transactions with foreign business partners.

Acquisition of relevant knowledge and information is to achieve international success in the economy (eg, [Craig and Douglas, 2006], [Liesch and Knight, 2005] and [Sharma and Blomstermo, 2003]) is vital. The researchers ...