Business Resilience and Concerns of Companies and SMEs for Internationalization in Times of Globalization and Risks

Abstract

This paper investigates, describes and presents business resilience and concerns of companies and SMEs for internationalization in times of globalization and risks. Globalization has exposed them to risks and more attention. The used research method relied on a literature review, a quantitative and qualitative research using VOSviewer and data analysis. The research questions are “What the main risks that business and the process of Internationalization could face in times of Globalizations? “Is business resilience important for companies such as SMEs and business?” The results showed that Internationalizing a company, taking the example of SMEs is a process that relies on the one hand on the way products and services are well positioned and on the other hand on developing them to stay or enter other markets. Expending business overseas into other markets, countries and continents is not easy due to factors such as the ignorance of market with difficulties in accessing and finance, business operations and worrying about adverse scenarios like wars, recessions, the increase of inflation rate and other risks that affect business and internationalization . In conclusion, business resilience is a great option for companies and SMEs in particular to stay and adapt in international markets and once the business or company is internationalized in a resilient way it proves that its process of internationalization is resilient in times of risks and threats to its abilities. it could be possible that internationalization is not universal between allies since it can be affected by geopolitical instability, differences and conflicts. SMEs in particular and companies in general should rely on resilience as an important step while and before dealing with other markets that are exposed from time to time to risks in the process of internationalization and times of Globalization.