Abstract
Identifies how western companies make successful entries in East European transition economies by studying the establishment process of Nordic companies in the Baltic States. Applies a model based on the network approach and the concept of matching and analyses the entry process of three Norwegian case companies. At global and macro levels the entry was facilitated by assistance for economic restructuring from international institutions and the Nordic governments, and by building up good relationships with central and local authorities. In the final establishment phase difficulties occurred in establishing trust and relationships with actors at the micro level and in matching company functions. Finds that market entry in transition economies differs from entry into traditional developing countries, where more problems are faced at the beginning of the establishment process, whereas, appropriate matching activities undertaken at different levels can facilitate the entry into transition economies.
Original language | English |
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Pages (from-to) | 75-88 |
Number of pages | 14 |
Journal | European Journal of Marketing |
Volume | 30 |
Issue number | 2 |
DOIs | |
Publication status | Published - Feb 1996 |
Bibliographical note
Funding Information:All the Nordic countries are involved in global‐level matching with the Baltic countries. In 1992, the Nordic Council of Ministers agreed on the establishment of a Baltic Investment Programme. The programme aims at promoting investments in small and medium‐sized enterprises (SMEs), as well as enhancing co‐operation between enterprises in the Nordic and the Baltic countries by means of loans, risk capital and technical assistance. The programme is jointly financed by the EBRD, the Nordic Investment Bank (NIB) and the Nordic Project Fund (NPF). The NPF particularly supports feasibility studies of investment projects which promote co‐operation at the enterprise level between the Nordic and the Baltic countries. The NIB provides loans and guarantees for investment projects in SMEs, and aims to increase the investments of Nordic enterprises in the Baltics (Baltic Investment Programme, 1992). All the above‐mentioned measures are examples of financial matching at the global level.
Publisher Copyright:
© 1996, MCB UP Limited.
Keywords
- Baltic States
- Economic conditions
- Macroeconomics
- Market entry
ASJC Scopus subject areas
- Marketing