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Internationalization of SME : Report

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Added on  2020-01-15

Internationalization of SME : Report

   Added on 2020-01-15

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INTERNATIONALENTREPRENEURSHIP, BORN GLOBALAND INTERNATIONAL NEW VENTURES
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ABSTRACTThe study examines internationalization of small and medium enterprises that areadopting new ongoing process to meet various opportunities which are available in the workingenvironment. Effective growth and development tactics are adopted in order to carry out variousbusiness activities. With the globalization of firms, small and medium enterprises are required toadopt innovative aspects in order to specifically provide superior quality of products and servicesand to compete with the existing ventures. Various strategies will be adopted to start up andestablish new venture in the new market. This will support to step into international market withthe adoption of different tactics.
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LITERATURE REVIEWINTRODUCTIONIt has been foreseen that both the small and medium enterprises are carrying out thevarious business activities in order to grow within the international boundaries (Crick, 2009).According to Rodríguez and Nieto, (2015)= with the proper adoption of growth and developmentperspective, it has been noticed that small and medium enterprises are expanding a cross theglobal market. As per the viewpoint of Moen, et.al., (2015)= international entrepreneurship isrelated with the growth and development of new venture into the international market.Krishnaswamy, et.al. (2015)= states that Small and medium enterprise focus on the process inorder to grow and develop within the boundaries of international market for the purpose toexpand their business and sustain in the competitive market.According to Altinay and et.al., (2015)= Internationalization of the small and mediumenterprise is the ongoing process which is adopted by the businesses to operate within theinternational boundaries. Similarly, it is the process which brings innovation into the entirefunction of small and medium enterprise for the purpose to grow and develop (Nolan andGaravan, 2016). Love and Roper, (2015)= states that these aspects help the new venture to bemore hi-tech and informative to carry out the various operations which are associated with thegrowth and development of small and medium enterprise internationally. Nevertheless, thisaspect is leading with the small enterprise to born as a new venture within the internationalmarkets (Sandhu, Hussain and Matlay, 2015). With the viewpoint of Nolan and Garavan, (2016)= born global firms can be defined asthose business organizations which are originated or traced importantly to meet the competitiveadvantage with the effective use of resources and the sale of finished outputs in differentcountries. Further, With reference to Wright and et.al., (2015)= it can be stated that thesebusiness units pursue their business operations to become global from the day of theirestablishment. These business organizations are facilitated with the external forces that help inthe entire operations of enterprises (Arranz and Arroyabe, 2016). For instance: FedEx is a bornglobal organization which organizes the operations related international shipment.Swoboda and Olejnik, (2016)= state that small and medium size enterprises are thoseestablishments which operate over the small scale for the purpose to involve them in1
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manufacturing process and sustain for the longer duration. Likewise, small and mediumenterprises take initiative to enter into the market which is new for them in order to acquire theknowledge about the market condition in order to grow in the international market (Paswan andRajamma, 2016). Similarly, small and medium enterprises can be defined as the businesseswhich operate with the few number of personnel to carry out various operations which areassociated with their working patterns (Ibrahim, Abdullah and Ismail, 2016).As per the viewpoint of Whittaker, et.al., (2016)= it has seen that technologicaldevelopment and globalization are taking place for the business enterprises to carry out theiroperations internationally. This is leading to the introduction of new venture in the global marketfor the purpose to expand its offering criteria. Clarke, et.al. (2016)= states that throughtechnological advancement, small and medium enterprises identify the sufficient place to makethe offering of its product and services into an entirely new market which is availableinternationally.MAIN BODYAccording to Volchek, et.al., (2013)= internationalization of small and mediumenterprises is related to the aspect which is associated with the growth and development of theseindustries into the global market to be advantageous in order to lead into the marketplace.Likewise, O'Cass and Sok, (2013)= states that with the help of specialized resources, customizedproducts and services are offered for satisfying the market demand. Along with this, a new placeis provided to the venture to establish their business into the new market. Further, Brouthers,et.al., (2015)= claimed that expanding enterprises into the international market helps the smalland medium enterprises for doing business globally with the new market demand.Theme 1: Aspects of growth and demand in the international small and medium enterprisesIn accordance with Sleuwaegen and Onkelinx, (2014)= there are various aspects whichare associated with the growth and development of small and medium enterprises within theinternational boundaries for the purpose to expand their market share and make the offeringinternationally. According to Hessels and Parker, (2013)= In order to compete with the firmsavailable within the international boundaries, small and medium enterprises deal with all theaspects related with the growth and development of them. Nummela, et.al., (2005)= argued thatinternationalisation of the small and medium enterprise help businesses to explore the vast2
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