Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia

Economic globalization has brought up both opportunities and challenges for the world trade. An increased flow of capital, labor and production factors across the boundaries, increased opportunities for off-shore production and outsourcing in manufacturing and even service sector are only a part of...

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Autor principal: Azar, Goudarz
Formato: H1
Lenguaje:Inglés
Publicado: SLU/Dept. of Economics 2010
Materias:
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author Azar, Goudarz
author_browse Azar, Goudarz
author_facet Azar, Goudarz
author_sort Azar, Goudarz
collection Epsilon Archive for Student Projects
description Economic globalization has brought up both opportunities and challenges for the world trade. An increased flow of capital, labor and production factors across the boundaries, increased opportunities for off-shore production and outsourcing in manufacturing and even service sector are only a part of the "opportunities" that has been brought up by economic globalization. On the other hand cultural barriers, managerial complexity, and environmental uncertainty are among the challenges of economic globalization. Internationalization (international expansion) has been defined as an important strategy for businesses to exploit the opportunities in the globalized world of trade. A trend toward a more internationalized structure has been evident within the Swedish food industry. Although the export of food products by Swedish enterprises has increased dramatically during the last decade, more than 70 per cent of the export goes only to the EU member states. Consequently, by considering the phenomenon of economic globalization, the potential opportunities placed in other parts of the world are not satisfactorily exploited by Swedish food enterprises. The purpose of this study is to investigate the Swedish food enterprises’ internationalization decisions regarding the choice of international markets; what factors might have crucial impact on the choice of a foreign market and how these factors may affect the firm’s performance. The study focuses on the case of "Lantmännen Cerealia" a company within the Lantmännen Group, one the largest Nordic groups within food. Accordingly, knowledge about business and cultural issues in a market has a crucial role in the firm’s internationalization decisions regarding the choice of a foreign market. Furthermore, conducting market research will help the firm to acquire knowledge about business and cultural issues within a foreign market which also enhance its performance in that market.
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spelling RepoSLU19752024-07-12T11:38:29Z Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia Azar, Goudarz food culture food industry globalization internationalization psychic distance Economic globalization has brought up both opportunities and challenges for the world trade. An increased flow of capital, labor and production factors across the boundaries, increased opportunities for off-shore production and outsourcing in manufacturing and even service sector are only a part of the "opportunities" that has been brought up by economic globalization. On the other hand cultural barriers, managerial complexity, and environmental uncertainty are among the challenges of economic globalization. Internationalization (international expansion) has been defined as an important strategy for businesses to exploit the opportunities in the globalized world of trade. A trend toward a more internationalized structure has been evident within the Swedish food industry. Although the export of food products by Swedish enterprises has increased dramatically during the last decade, more than 70 per cent of the export goes only to the EU member states. Consequently, by considering the phenomenon of economic globalization, the potential opportunities placed in other parts of the world are not satisfactorily exploited by Swedish food enterprises. The purpose of this study is to investigate the Swedish food enterprises’ internationalization decisions regarding the choice of international markets; what factors might have crucial impact on the choice of a foreign market and how these factors may affect the firm’s performance. The study focuses on the case of "Lantmännen Cerealia" a company within the Lantmännen Group, one the largest Nordic groups within food. Accordingly, knowledge about business and cultural issues in a market has a crucial role in the firm’s internationalization decisions regarding the choice of a foreign market. Furthermore, conducting market research will help the firm to acquire knowledge about business and cultural issues within a foreign market which also enhance its performance in that market. SLU/Dept. of Economics 2010 H1 eng https://stud.epsilon.slu.se/1975/
spellingShingle food culture
food industry
globalization
internationalization
psychic distance
Azar, Goudarz
Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title_full Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title_fullStr Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title_full_unstemmed Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title_short Internationalization of the Swedish food industry: challenges and opportunities : the case of Lantmännen Cerealia
title_sort internationalization of the swedish food industry: challenges and opportunities : the case of lantmännen cerealia
topic food culture
food industry
globalization
internationalization
psychic distance