Role and significance of the process of internationalization of small and medium enterprises
Role and significance of the process of internationalization of small and medium enterprises

Summary/Abstract: The speed with which changes occur in the international business environment requires participants to think globally and act quickly. In such an ambient, the companies can’t to be successful on the long run if they are focused on building a business model to only operate on the domestic market, because in that case would be faced with the risk of disappearing or being undertaken by entrepreneur-oriented firms. Indeed, the internationalization of business is a necessary process and how this process starts early, it will be more possible firms to grow faster and achieve long-term development. The major role in the global economy has multinational companies (MNC). But, in the contemporary terms under the influence of rapid technological development (development of information and communication technology, the biotechnology and etc.) is facilitates the accessing and opportunity for the internalization of the business of the small and medium enterprises.Benefits from the internationalization of business are multiple, but at the same time this process is followed by the a series of barriers, particularly highlighted for small and medium enterprises such as: lack of knowledge and skills for entering in new foreign markets, lack of sufficient financial resources to support internationalization of the business and etc., that along greater engagement of the internal factors of influence, in the same time imposes the need for greater government support of SME in order to encourage the decision for internationalization of the business.

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