As globalization continues to rapidly evolve, economic borders
between countries have practically disappeared. One effect is that
nowadays companies can access new markets by investing in other
countries. This offers an important advantage especially for
international and large-scale companies. However, one result is the
increased market competition. Small-scale local firms and SMEs have
to compete with international firms and corporations that have
significantly more resources. This competitive environment
jeopardizes the sustainability of the smaller companies, which
often are driven out of business by the more powerful global
players. This book discusses financial strategies for small and
middle size companies to increase their competitiveness in the
global markets.
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