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The dynamic aspects of born global SMEs internationalization process
Lejko, Ina ; Bojnec, Štefan
Small and medium sized enterprises (SMEs) are important business actors in the European economy. In addition to the current global market conditions, European SMEs, especially those from transition ...economies, operate under extensive external competitive pressures, arising from the opening of their domestic markets. Such SMEs perceive internationalization as an inevitable step in their business operations. Whilst the majority of them still follows the traditional internationalization patterns, that consist of simpler foreign market entry modes, and target geographically and psychically closer markets, others, often denoted as Born Global enterprises, take on several distant parts of the global market soon after their inception.
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