The Internationalization as a Mechanism for the Strategic Expansion of Small and Medium-Sized Economic Enterprises

Abstract

In this intervention, we will discuss the internationalization of small and medium-sized enterprises (SMEs), answering the question of how internationalization can contribute to the expansion of SME activities. We used a descriptive-inductive approach in our study, classifying SMEs based on quantitative criteria (number of employees, capital, business volume) and qualitative criteria (independence, market share). It is imperative to provide all necessary facilities to promote SMEs to their rightful economic and social status and fulfill their entrusted role. The study concluded several key points, notably that SME owners should not make internationalization decisions haphazardly but rather through thorough analysis considering opportunities, threats, the enterprise's capabilities, and its likelihood of success.