Strategies for SME Internationalization of Local Agricultural Business

Added on - 19 Sep 2019

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Running head: STRATEGIES FOR SME INTERNATIONALIZATION OF LOCALAGRICULTURAL BUSINESS IN NIGERIAStrategies for SME Internationalization of Local Agricultural Business in NigeriaName of the StudentName of the UniversityAuthor note
1STRATEGIES FOR SME INTERNATIONALIZATION OF LOCAL AGRICULTURALBUSINESS IN NIGERIATable of ContentsChapter One.....................................................................................................................................2Introduction......................................................................................................................................2Aim and Objectives of the Research...........................................................................................2Research Question.......................................................................................................................4Rationale for the Study................................................................................................................4Outline of the Research...............................................................................................................5Chapter Two....................................................................................................................................6Literature Review............................................................................................................................6Methodology....................................................................................................................................7Timeline...........................................................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
2STRATEGIES FOR SME INTERNATIONALIZATION OF LOCAL AGRICULTURALBUSINESS IN NIGERIAChapter OneIntroductionSmall and medium sized enterprise is one of the most effective source of growth forvarious advanced industrialized countries and for the emerging countries. This is because thegrowth prospects in such kinds of enterprise is huge compared to large organization. SMEs hasgained recognition over time with their own characteristics.The small and medium sizeenterprise is considered as one of the large part of the private sector both the developed anddeveloping countries. however, it was seen that the SMEs has a causal link with economicdevelopment as there are evidences that show that small firms usually faces a larger growthconstraints than the big firms due to less access to external finance.Internationalization isalways denoted by big business, however, it is slowly being carried out by the small business aswell with their limited resources. The reason behind internationalization are to increase sales,diversify associated risks and operation, getting better clients, reduce costs and other benefits forbusiness. Agricultural sector of Nigeria is always faced with issues such as lack of development,marketing problem, unstable prices and others (Eriksson et al., 2015). Internationalization willhelp them to improve on these grounds so that they can experience continuous growth.Agricultural sector of Nigeria is experiencing a lower development and growth rate over decadeswith an average growth rate standing at 6 to 8 percent per year. Thus, it became necessary toresearch on the strategies that small and medium size enterprise like the agricultural productionof Nigeria can use to internationalize themselves and solve the issues they are facing (Dimitratoset al., 2016).