Abstract
It is implicit in a research that in today’s environment, small and medium-sized enterprises (SMEs) that start with a global strategy can move quickly to take advantage of cross-border activities, which provide opportunities for not only revenue growth but also the exchange of knowledge and the enhancement of capabilities, which strengthen the long-term competitiveness of the firm. Though, the changing business environment creates new opportunities and incentives for SMEs to internationalize, it also confronts domestic firms with the threat of international competition, networking issues, policy and regulation matters, financial constraints etc. Internationalization has become increasingly important to the competitiveness of enterprises of all sizes. SMEs are increasingly facing numerous obstacles in the process of internationalization of business and it is perceive that SMEs need to respond on these changes for strategic improvement. This not only implies adjusting their domestic strategy, but increasingly forces firms to go abroad. This particular research tries to explore that factors which influence the internationalization process of SMEs in India.
Highlights
Introduction and Literature ReviewSmall and medium sized enterprises (SMEs)’sare usually enterprises that employ no more than 250 employees
The findings indicate strong presence of domestic and foreign competitors in the market and unavailability of suppliers and distributes there to collaborate with the business operations as the significant influential factors on the firm’s choice to go international
The present study on Factors WaveringInternationalization of SMEs is based on qualitative research and the opinions of the experts
Summary
SME’sare usually enterprises that employ no more than 250 employees. Some countries have different definitions for SMEs in the manufacturing and services sector and may exempt firms from specialized industries or firms that have shareholdings by parent companies. SMEs are an important and integral part of every country’s economy and have long been recognized as different from large businesses (Street and Meister, 2004). Small and medium sized enterprises (SMEs) play a vital role in economic development and growth (Mclarty, 1999).Theoretically, there is a lack of consensus on how to define SME (Gibb, 1993; Curran and Blackburn, 2001) as each country defines SME differently. In developed countries such as the European Union (Eyre and Smallman, 1998) the SMEs are the enterprises that employ less than 500 employees
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