The drivers of globalization are removing the barriers that
segregated the competitive space of the small and large firms in
the past. It is becoming increasingly difficult for independent
small firms to thrive in their traditional markets unless they are
globally competitive. Managing an enterprise's commercial,
industrial and political relations well, regardless of size and
location, is the essence of the entrepreneurial challenge in this
competitive arena. Small and medium sized enterprises (SMEs) often
face very different issues than do large multinational enterprises
when confronting internationalization. This volume provides an
in-depth discussion of these challenges. The contributors to this
volume explore the emerging patterns of SME growth and
international expansion in response to the evolving competitive
environment, dynamics of competitive behavior, entrepreneurial
processes and formulation of strategy. They examine the basis and
requirements of growth and expansion from three perspectives: the
rapidly-changing environment in which business is conducted,
entrepreneurial characteristics, and the evolving strategic and
competitive response to this changing business environment.
Business leaders, scholars and students interested in international
business and entrepreneurship will welcome this timely and
authoritative volume.
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