Exploring the Role of Strategic Partnerships and Alliances in Facilitating the Internationalization Process of Small and Medium Enterprises in Emerging Markets: A Comparative Analysis of Success Factors, Barriers, and Policy Implications

Abstract

This research investigates the role of strategic partnerships and alliances in facilitating the internationalization process of Small and Medium Enterprises (SMEs) in emerging markets. The study focuses on understanding the success factors, barriers, and policy implications associated with these collaborative strategies. Leveraging empirical evidence, extensive literature review, and statistical analyses, the research provides valuable insights into how SMEs can harness partnerships and alliances to thrive in the dynamic landscape of emerging markets. The study begins with a comprehensive examination of the background and problem statement, highlighting the increasing significance of SMEs in global trade and the challenges they face when venturing into emerging markets. Building upon this foundation, a robust conceptual framework is developed, encompassing strategic partnerships, alliances, market-specific challenges, and the mediating role of knowledge transfer. The research findings confirm the positive impact of strategic partnerships and alliances on SME internationalization success, validating the hypotheses formulated. Additionally, the study reveals the intricate relationship between market-specific challenges and collaborative strategies, suggesting that SMEs use partnerships and alliances to overcome market-specific obstacles effectively. Practical implications emerge, emphasizing the strategic importance of collaborative approaches for SMEs seeking to expand internationally. The research provides recommendations for policymakers, organizations, and SMEs to leverage these findings in enhancing internationalization strategies and addressing market-specific challenges. In conclusion, this research contributes to the understanding of SME internationalization in emerging markets and highlights the pivotal role of partnerships and alliances in navigating these complex environments. As SMEs continue to drive economic growth and innovation, these insights are invaluable for their sustained success in the global marketplace.