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Communications of the IBIMA

Export Intention of Small and Medium Tunisian Enterprises 

Mouna Baccour-Hentati 

University of Sfax, Sfax, Tunisia

Volume 2010 (2010), Article ID 901003, Communications of the IBIMA, 16 pages.
DOI: 10.5171/2010.901003

Copyright © 2010 Mouna Baccour-Hentati . This is an open access article distributed under the Creative Commons Attribution License unported 3.0, which permits unrestricted use, distribution, and reproduction in any medium, provided that original work is properly cited.


Abstract

Due to globalization, export is considered as an essential asset for the continuity and profitability of businesses. Nevertheless, export is a complex process. To initiate and to develop this strategy, a business must clear away the internal and external constraints and take advantage of the stimulating factors. The latters show up at each stage of the process. These stimuli are especially decisive during pre - export behavior or the intention stage. So the export intention is explained by some variables: the differential advantages, the organizational predisposition and the perception of the risk.  

Our conceptual model has been applied on a sample of small and medium Tunisian enterprises (SME). Inspiring by churchill’s methodology, our principal conclusion is that export is the strategy implying less capital and risk than the other modes of entry. However this decision may turn up like suicidal if the firm having the intention to export doesn't proceed by an assessment of its export. 
 
Keywords: Export intention, competitive advantages, organizational predisposition and risk.


1. Introduction

With this wave of globalization and liberalization of exchanges that characterizes today's world, enterprises are bound to take into account the global market. In this perspective, the Tunisian enterprises which are mostly SME needed to adopt strategies of internationalisation through the exports since such a strategy involves less capital and commercial and financial risk than other modes of entry. But, such a necessity can appear like a hazardous or suicidal decision if the enterprise having the intention to export does not start by assessing its potential of export. 

In this field several researchers raised the problem of the behavior hardback pre - export to the intention to export like Wiedersheim - Paul and Welch (1978). The latter is defined by Reid (1981) as being the motivation, the behavior, beliefs and waiting opposite the contribution of the export to the growth of the business.  
 
Our issue resides in the explanation of the intention to export through three factors, the differential advantages, the organizational predisposition of the business and the risk discerned all while doing its empiric analysis in the case of the Tunisian SME.      
 
The objectives of our article are the following: 
  • To develop a model in order to explain the intention to export for the   Tunisian SME; 
  • To determine empirically what makes the difference empirically between those who have the intention to export and those do not. 
A review of the literature followed by the description of the model, the adopted methodology and the main results will are presented: 

2.    The literature Review

2.1. Schools of Thoughts 

Studies on the behavior of export increased to generate two big schools of research. The first focuses on the explanatory factors of success in exports while the second is interested in the export process, Eugene and Pasternack (1994). 

2.1.1.The Explanatory Factors of Success: 

The explanatory factors of the export success are tributary to the organizational features of the business and the strategy of export marketing: 
  • For the organizational features of the business, researchers mentioned the size of the business, Louter (1991), Dicht and al (1986), Ogram (1982); Resources of the business that represent a determinant decision of the  export behaviour, Weinrauch  and Rao (1974), Cavusgil (1984) ...etc,  managerial expectations where the action of top management on export decisions is an  obvious success. So managers tend to base their expectations on the profitability, risk, the cost of the export from the experience of their businesses and of the other and their perceptions of the potential impact of the perceptual environment change, Cavusgil (1984).
     
  • For the strategy of export marketing, it implies several measurements namely the expansion and the commercial competitiveness. Besides the scheduling and the manner, whose function marketing is organized, reflect this strategy, Louter (1991). 
2.1.2 The Process of Export 

We can consider in this setting two groups of researchers Johnson and Czinkotas (1982):
  • The first has been interested in motives that push and attract managers to opt for the internationalisation through the export. These motives are of double nature. Proactive motives indicating an aggressive export behaviour such as the differential advantages, the growth through the expansion of the market and the opportunity of the profit. Eugene  and Pasternack (1994), Leonidas (1995) …etc., on the other hand, the reactive motives refer to the passive engagement in the export as answers to environnemental pressures such as overproduction and the reduction of local sales Eugene and Pasternack (1994). 
  • The second shows that decisions to export take place in a set of stages where each represents a raised degree of engagement of the business in the export. Among these stages, it mentions the effect of the experience (the effect of training) and success in the reach of the objectives, Barker (1992) and Jouy (1993) …etc. 
3.    The Description of the Explanatory Model  

3.1. The Export Intention  

Ajsen and Fishbein (1980) based themselves on the measure of the intention to operate a given action in order to foresee the future behavior. According to these authors the intention of the individual to fulfil a given act depends essentially on his attitude towards his governing norms, on his behavior and motivation to conform himself to these norms. 
 
Let's move to the case of the firm, Reid (1981) defined the export intention as being the motivation, the behavior, beliefs and expectations towards the contribution of the export to the growth of the business. Cavusgil (1984) affirms that there is a relation between the intention to export and the organizational features associated to the export. Louter (1991) sees that the most important factor to explain the intention to export is the managerial attitude towards the export. Yang and Alden (1992) found a relation between the intention to export, the capacity of the expansion of the market, gates to the export, the differential advantages, the organizational predisposition and the perception of the relative risk to the export. 

In the light of what has been advanced, we notice that most researchers mention the following variables to explain the intention to export. 
  •  The differential advantages, 
  •  The organizational predisposition, 
  •  The perception of the risk. 
We analyze in what follows every variable. 
 
3.2. The Differential Advantages 

These differential advantages are considered at two levels, the country and the business. 

Porter (1990) found that the competitive advantage of a country influences the competitive capacity of business on the international market through the natural resources, the development of the country, the maturity of infrastructure and telecommunications, the quality of research and the development, the bases of knowledge and the requirement of the local demand in terms of innovation. 

At the level of the firm, an important number of researchers underlined the importance of certain features of the business at this level; good combination product/market, skills and resources, competitive prices, technological advancement, flexibility in relation to changes…, Yang and Alden (1992)…etc. 

We can already propose the following hypothesis 1: 

H1: The differential advantages are positively bound to the export intention. 
 
3.3. The Organizational Predisposition 

This concept involves several senses; knowledge, attitudes and intentions, motivations, perceptions, knowledge, faculties and managerial expectation towards the export, the organizational culture favourable or unfavourable Eugene and Pasternack (1994), Louter (1991), Kaufmann and Schmidt (1994), the training in the export or the unsuitability of the export experience, the degree of responsibility and managerial engagement, Constantines and Morgan (1994), Yang and Alden (1994).   

When, the second hypothesis is stipulated: 

H2: The organizational predisposition can be bound positively or negatively to the export intention. 
 
3.4. The Discerned Risk 

The perception of the export risk affects managerial strategies extensively. For this reason businesses must consider the total international risk in the conception of any internationalisation strategy. This risk includes the uncertainty of the environment (political risk, natural risk…etc.), the uncertainty of the industry (change of tastes and preferences, the apparition of substitutable products, competition, change of the technology…etc.) and, in short, appearancethe operational, financial or behavioral uncertainties,…etc. Muller (1992), Johnson and Czinkota (1982) identified a set of factors of risk affecting negatively the attitude towards export among others, the lack of information, the lack of adequacy of the staff, of the financial and commercial resources, the physical distance and cross culture…etc. 

We can express the third hypothesis: 

H3: The discerned risk is associated negatively to the export intention. 

Thus, the conceptual model is as follows: 



 Fig1. The Conceptual Model 

Moderator Variable is the experience or the training in the export 
 
This model will be empirically tested on the Tunisian SME while following our methodology of inspired research of Churchill's works (1979). 
 
4.  Research Methodology  

We refer to Churchill's paradigm (1979), whose stages are: 
  • To specify the domain of constructs (stage already established theoretically)
     
  •  To generate a sample of items, 
  •  To purify measures (tests of unidimensionality and reliability) 
  •  To ascertain the new measures’ reliability, 
  •  To test of the validity of constructs, 
  •  To develop norms. 
4.1. Genesis of an Item Sample 

This stage is achieved in four phases:   
  
- Proposition of measures for each construct: The dependent variable, the export intention (IE), is measured by a scale of Likert of 5 points going from "very strong intention" to" no intention ", Eugene and Pasternack (1994). We suppose that those having the strong intention will be invited to answer the other questions (see Appendix 1). The first independent variable " differential Advantages” (AD), has been measured by 36 measured items on a scale of Likert of 5 points going from " quite okay " to " Not at all okay " according to Eugene and Pasternack (1994), (see Appendix 2). The second independent variable "organizational Predisposition” (PO), has been measured by 22 items on a scale of Likert of 5 points, Eugene and Pasternack (1994), (see Appendix 3). Finally,  for the third independent variable “discerned  risk” (R), we propose only one question, measured on a scale of Likert of 5 points going from " the strongest " to " the weakest ", (see Appendix 4). 

  • The choice of the scale of Likert is justified, since methodological efficiency is satisfactory. Its operational efficiency is good for its simplicity (comprehensible). This scale is much recommended in domains of behaviour and psychology, Vernette (1991). 
  • An investigation test has been led by 9 SME, three belonging to the Textile sector and Clothing, three to the sector of leather and shoes and the last three to the food sector. These SME chosen by judgment are based in the region of Sfax. This investigation test was very useful to test the vocabulary employee, the length of the progress of the questions…etc. 
  • The choice of a final sample: the latter involves 88 chosen enterprises according to suitability whose features are summed up in Table 1. 
Table 1: Characteristics of the Sample


Characteristics

Distributions

Sectoriels

Textile (34.1%)

Leather and shoes (35.2%)

various (30.7%)

Legal shape

« SA » (19.3%)

« SARL » (80.7%)

effectif

More than 50 (30%)

Less than 50  (70%)

Social Capital

< à 150.000DT (60%)

Enter 150.000DT and 1 Billion (20%)

More thane 1 Billion

(20%)

Business Cipher in 97

Less thane 1 Billion (60%)

enter 1 and 10 Billions (35%)

More than 10 Billions (5%)

Business Cipher in 96

Less than 1Milliard  (70%)

enter 1 and 10 milliards (28%)

More than 10 milliards (2%)

 

Business Cipher in 95

Less than 1Mill (78%)

enter 1 and 10 milliards (20%)

More than 10 milliards (2%)

The firm age

Less than 20 years 80%

More than 20 years 20%

Location of the firm

Region of Sfax (80%)

Region of Tunis (20%)

Education level of the owner

Illiterate (3%)

Primary (5%)

Secondary (52%)

Higher education (40%)

Education level of managers (average)

 Illiterate (0%)

Primairy (0%)

Secondairy (30%)

Higher education (70%)

The nature of  the respondent

The top manager (50%)

managers (50%)

Exportation experience

Occasionnal Experience  (40%)

No experience (60%)

Quotation in financial market

Quoted 0%

Not quoted 100%



4.2 Purification of Measures (Tests of Unidimensionality and Reliability) 

Three tests of unidimensionality have been applied on the three constructed (IE), (AD) and (PO) namely the  factorial exploratory analysis, the test of interrelationship item/ total score, Vernette (1991) and the test of adequacy of the sample of MSA measures or KMO that must pass a doorstep of 0.5 (given by SPSS).  

A test of reliability α of Cromback whose requirement is located between 0.8 and 0.9 for an applied survey, Nunally (1967) and Perien, Chérom and Zins (1984). 

Details of purification results of (IE), (AD) and (PO) will be presented in Tables 2, 3 and 4. These tests generated some elimination item and the appearance of derived constructs for (AD) and (PO) following the factorisation so tests of reliability for derived constructs are presenting as follows: 
  • For (AD), the emergence of three coins constructs, "The competitiveness of suppliers and the technological and commercial advantages of the product" reflected by F1, "The state of the competition" reflected by F2 and "The state of the demand" underlined by F3. It is compliant to results of Porter (1990). 
  • For (PO), the emergence of three derived constructs supported by the theory, “proactive motives and the manager's knowledge” reflected by F3, "The reactive motives” reflected by F2 and " The experience in the export "underlined by F1.
Table 2: Purification Tests of (INT)

Items

MSAI

Correlation item/ total score

α of the construct if item deleted

Contribution in F1 (67%)

INT1

O.887

O.887

O.797

O.872

INT2

0.855

O.855

O.671

O.780

INT3

O.887

O.885

O.684

O.783

INT4

O.887

O.829

O.840

O.897

INT5

O.887

O.834

O.571

O.687

INT6

O.887

O.883

O.775

O.853


α of crombach =0.896 ; MSA= 0.857 ; N=88
Source SPSS

Table 3: Purification Tests of (AD)

Items

MSAi

Correlation I/total score

Contribution in factors :

F1 (28.7%)

 

 

F2 (19.6%)

 

 

F3 (4.8%)

Test of reliability (α if item deleted (after factorisation)

AD1

0.380

0.141

 

0.543

 

0.728

AD2

0.686

0.07

 

0.480

 

0.6752

AD3

0.673

0.187

 

0.448

 

0.676

AD4

0.723

0.143

 

0.637

 

0.652

AD5

0.607

0.034

 

0.301

 

0.721

AD6

0.709

0.235

 

0.502

 

0.708

AD7

0.519

0.051

 

0.316

 

0.798

AD8

0.781

0.267

 

0.655

 

0.680

AD9

0.759

0.126

 

0.498

 

0.686

AD10

0.783

0.547

0.510

 

 

0.883

AD11

0.818

0.581

0.619

 

 

0.880

AD12

0.685

0336

0.516

 

 

0.887

AD13

0.793

0.538

0.660

 

 

0.880

AD14

0.769

0.545

0.662

 

 

0.879

AD15

0.805

0.482

0.623

 

 

0.882

AD16

0.707

0.531

0.559

 

 

0.884

AD17

0.688

0.446

0.635

 

 

0.882

AD18

0.666

0.282

0.466

 

 

0.889

AD19

0.818

0.287

0.637

 

 

0.884

AD20

0.782

0.379

0.628

 

 

0.883

AD21

0.647

0.207

0.407

 

 

0.892

AD22

0.626

0.299

0.417

 

 

0.888

AD23

0.760

0.375

0.567

 

 

0.886

AD24

0.754

0.415

0.618

 

 

0.882

AD25

0.854

0.455

0.584

 

 

0.883

AD26

0.823

0.271

0.588

 

 

0.885

AD27

0.712

0.196

0.592

 

 

0.886

AD28

0.715

0.129

0.414

 

 

0892

AD29

0.622

0.04

 

 

0.566

0.738

AD30

0.738

0.138

 

 

0.499

0.611

AD31

0.650

0.199

 

 

0.499

0.575

AD32

0.677

0.127

 

 

0.582

0.564

AD33

0.673

0.150

 

 

0.575

0.584

AD34

0.782

0.08

 

 

0.741

0.605

AD35

0.510

0.329

 

 

0.468

0.667

AD36

0.553

0.258

 

 

0.478

0.734


α of crombach for the construct=0.765 ; MSA= 0.719 ; N=88

Table 4:  Purification Tests of (PO)

Items

MSAi

Correlation I/Total score

Contribution in factors :

F1 (34.4%)

F2 (11%)

F3 (7.2%)

Test of reliability (α if item deleted (after factorisation)

PO1

0.460

0.266

 

 

0.289

0.586

PO2

0.720

0.501

 

 

0.272

0.488

PO3

0.592

0.427

 

 

0.674

0.446

PO4

0.833

0.728

 

 

0.284

0.483

PO5

0.479

0.165

 

 

0.436

0.565

PO6

0.333

0.07

 

 

0.261

0.631

PO7

0.656

0.5

 

 

0.469

0.516

PO8

0.661

0.350

 

 

0.301

0.687

PO9

0.614

0.401

0.423

 

 

0.889

PO10

0.853

0.568

0.616

 

 

0.880

PO11

0.848

0.756

0.846

 

 

0.872

PO12

0.798

0.388

0.487

 

 

0.884

PO13

0.831

0.744

0.815

 

 

0.875

PO14

0.862

0.695

0.786

 

 

0.875

PO15

0.884

0.763

0.833

 

 

0.871

PO16

0.858

0.641

0.745

 

 

0.876

PO17

0.882

0.7

0.795

 

 

0.871

PO18

0.766

0.552

0.604

 

 

0.880

PO19

0.764

0.410

0.6

 

 

0.881

PO20

0.806

0.447

 

0.430

 

0.552

PO21

0.902

0.577

0.715

 

 

0.880

PO22

0.717

0.329

 

0.537

 

0.550

PO23

0.791

0.507

0.617

 

 

0.8806

PO24

0.440

0.025

739

 

 

0.905


α of crombach for the construct=0.839 ; MSA= 0.773 ; N=88
    Source SPSS

4.3. Validity of Constructs 

"Only the reliable instruments can be validated",  Churchill, (1979). 

Although various classifications are available, we identify three types of validity, validity of the content, discriminative validity and convergent validity and nomologic validity: 
  • The validity of the content: is to note that there is not an indication to assure the validity of the content. It is about more of a gait: to insure that in terms of content, instruments developed in research are representative of what one tries to measure…Perien and Zins (1984). 
  • The convergent validity and discriminative validity: The convergent validity is demonstrated for measures of the two constructed (AD) and (PO), knowing that the þvc indications are superior to 0.5, Fornells and Larker's (1981). The discriminative validity is also demonstrated since constructs are so distinct from one another that the extracted average variance of every construct is superior to the covariance between that construct and another one, Fornell and Larker's (1981). 
  • Nomologic validity: permits to test the theoretical validity of constructs as well as its conformity with what is conceived by the theory, Vernette (1994).  
5. Results and discussions 

The method chosen according to the objective of research and the nature of variables is the multiple linear regression permitting to identify the degree of explanation of the variation of a dependent variable by the independent variable variation. This method is only applied after a verification of the four conditions of application of a regression, Wheelwrigt and Makridakis (1983). 

Two linear regressions have been applied on two groups of the sample, enterprises having an experience in the export and those that never exported. The model for the first group is statistically meaningful to p=0.02, with a R2=0.418 and a test of Fisher of 2.772>2. For the second group the model is as meaningful to p=0.0001 with a R2=0.645 and a Fisher of 11.683>2.

5.1. The Differential Advantages 

For the experienced businesses the state of suppliers and advantages of products seem to be a necessity to enliven the intention of reexport, the state of the demand is bound negatively to the intention to export. It is generally owing to a stage of mind influenced by logic of production and not of need. In short the state of competitors and especially through their innovations stimulates these businesses to improve their competitiveness to attempt the export. This result is nearly compliant to the one of Eugene and Pasternack (1994). As for businesses that never exported, the differential advantages represent brakes for the intention to export. Thus there is a partial acceptance of the H1 hypothesis since the differential advantages can be bound positively or negatively to the intention to export. We can find explanations while examining the reality of the Tunisian SME. Indeed, if for the SME already exporters, only the competitiveness of suppliers, the product and the competition and not the pressure of the demand stimulate the intention to export. It is because, in the case of SME, the position of power is occupied mostly by firms rather than by consumers (Only the big firms have a marketing service)

5.2. The Organizational Predisposition 

Results of (PO), show that for the first group, reactive motives, proactive motives and knowledge are bound negatively to the export intention. This indicates that for this group, the export is only occasional and non inherent to the offensive or defensive strategies. And managerial knowledge on the foreign markets is very limited. Whereas the past experience, represents a motive to renew the export and indicating a certain satisfaction. As for the second group, proactive motives and knowledge are bound positively to the export intention. It implies that the managers of this group can achieve the expansion of their enterprises only through export, therefore, an organizational change and knowledge on the other markets has proved to be necessary. In the light of these results, the H2 hypothesis is confirmed. 
 
5.3 The Discerned Risk

The perception of the risk of the foreign business, compared to the one on the local market, influences the intention to export, depending on the degree of the exporters satisfaction with their past experience, since those who have never experienced this activity fear this risk of internationalisation. Thus, H3 hypothesis is confirmed. These results coincide with those of Eugene and Pasternack (1994). 
 
Conclusion 

In a globalized word, the Tunisian SME are invited to build true strategies of internationalisation. Even though export is the fashion generating the least financial and commercial risk, it must be studied in a strategic way and should not result from luck and opportunities. Our SME must find the good remedies to detain the differential advantages and a good organizational predisposition to pull a place in an intensive competitive universe. In this article, we tried to reflect the reality of the Tunisian SME in an international context, It cannot delete the theoretical and empiric limits of this study that we will try to complete in an ulterior research work. 

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Publisher - Google ScholarBritish Library Direct

Yang & Alden. (1992). 'A Market Expansion Ability Approach in Identify Potential Exporters,' Journal of Marketing, 56 January, 84-96.


Apendix 1: Measures of the Export Intention

a. Do you have the intention to export in the next 5 years ? 

Very strong intention Strong

Strong intention

middle intention

Weak intention

No intention 

 

 

 

 

 


b. Did the manager foresee the necessary resources for the expansion of the business?

Not at all okay

okay

Undecided

okay

quite okay 

 

 

 

 

 

 


c. Is the manager of your enterprise  able to exploit all the new opportunities that the market can propose ?

Not at all okay

okay

Undecided

okay

quite okay 

 

 

 

 

 

 


d. Can you specify the frequency of the following activities outside the firm?

 

Very frequently

Frequently

middle Frequency

A few times

No time 

You participate in the national or international conferences having for theme the export  

 

 

 

 

 

You subscribe in the national or international magazines dealing with the theme of export                                  

 

 

 

 

 

 

You participate in  national or international events encouraging exports                                                                   

 

 

 

 

 

 



Appemdix 2: Measures of the Differential Advantages of the Business

 

Not at all okay

okay

Undecided

okay

quite okay 

 

The main competitors

 

 

 

 

 

Influence the development of the product

 

 

 

 

 

Have a large enough setting up

 

 

 

 

 

Have a large investment in research and development

 

 

 

 

 

Influence the technological development

 

 

 

 

 

Have very good pictures of mark

 

 

 

 

 

Are present in the international exhibitions

 

 

 

 

 

Have access to the capital through actions that they detain in stock market

 

 

 

 

 

 

Their sales increase quickly

 

 

 

 

 

Have a large range of products

 

 

 

 

 

Your suppliers   

 

 

 

 

 

Are innovators

 

 

 

 

 

Are active in the foreign markets

 

 

 

 

 

Are the leaders

 

 

 

 

 

Use some advanced technologies

 

 

 

 

 

Their technologies change quickly

 

 

 

 

 

Have a large setting up

 

 

 

 

 

Are competitive

 

 

 

 

 

Have developed knowledge

 

 

 

 

 

Your business has:

 

 

 

 

 

A technological advantage

 

 

 

 

 

A good quality of products

 

 

 

 

 

A differential advantage of  products

 

 

 

 

 

An advantage of manufacture process

 

 

 

 

 

A good service                                                                   

 

 

 

 

 

 

A variety of products

 

 

 

 

 

A capacity to compete

 

 

 

 

 

Consumers faithful to your mark

 

 

 

 

 

A good relation with suppliers

 

 

 

 

 

Competitive prices

 

 

 

 

 

Motivated staff 

 

 

 

 

 

Your customers:               

 

 

 

 

 

Can become competitors

 

 

 

 

 

Exert a pressure on your business to lower prices   

 

 

 

 

 

Exert a pressure on your business  to be competitive

 

 

 

 

 

Exercise a pressure on your business to widen the variety of products

 

 

 

 

 

Exert a pressure on your business to be innovative

 

 

 

 

 

Exert a pressure on your business to improve the quality of your products                    

 

 

 

 

 

 

You have a large clientele

 

 

 

 

 

You are knowledgeable about the market 

 

 

 

 

 

 


Table 3: Measures of the Organizational Predisposition

 

Not at all okay

okay

Undecided

okay

quite okay 

 

You export to follow the example of competitors

 

 

 

 

 

You export to pull a tariff reduction advantage           

 

 

 

 

 

You export following an intense national competition

 

 

 

 

 

You export to exploit opportunities of growth

 

 

 

 

 

You export to compensate for some negligible markets by more important others

 

 

 

 

 

You export to liquidate an excess of stock

 

 

 

 

 

You export to achieve some supplementary sales following the occasional exports                                                                               

 

 

 

 

 

 

You don't export because the elevated tariffs are gates to the export

 

 

 

 

 

You export to consolidate the seasonal fluctuations        

 

 

 

 

 

You export to lengthen the product life cycle

 

 

 

 

 

You export to increase savings of scales

 

 

 

 

 

You export in order to contribute to the expansion in the future

 

 

 

 

 

You export to reduce the risk by the diversification of markets

 

 

 

 

 

You export so that your products can be adapted in foreign markets

 

 

 

 

 

You export to improve the profitability of the investment

 

 

 

 

 

You export by what your products are competitive abroad

 

 

 

 

 

You export by what you have a good knowledge on the other cultures

 

 

 

 

 

You master the foreign languages

 

 

 

 

 

You don't export for lack of information on the foreign markets

 

 

 

 

 

You export by what you have a knowledge on the foreign consumers

 

 

 

 

 

You export to answer to a domestic tradition

 

 

 

 

 

You export to sustain a political program

 

 

 

 

 

You export for the prestige

 

 

 

 

 


Table 4: The Measurement of the Risk Discerned

The risk of the foreign business compared to the one of the national market is: 

Bigger

big

The same

weak

weaker 

               

 

 

 

 

 





ISSN:1943-7765



 

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