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The internalization of SMEs operating in the engineering industry

Author

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  • Procházková, Lenka
  • Kubíčková, Lea

Abstract

The importance of small and medium enterprises (SMEs) in the national economies of EU countries has been always growing. For these reasons, the increasing attention is paid to small and mediumsized enterprises also in the Czech economy. The paper is focused on the globalization of small and medium enterprises, in particular, identifying the key success factors of small and medium-sized businesses that operate in the engineering industry. For the purpose of fulfi lling the objective of the article, the level of success of SMEs in foreign markets is established with the aggregate indicator of success. Subsequently the results of the primary research among the Czech engineering companies are presented, based on this research the factors aff ecting the success of these entities of engineering industry in foreign markets are defi ned.

Suggested Citation

  • Procházková, Lenka & Kubíčková, Lea, 2012. "The internalization of SMEs operating in the engineering industry," MPRA Paper 43767, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:43767
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    References listed on IDEAS

    as
    1. Harrison, Andrew & Dalkiran, Ertugrul & Elsey, Ena, 2000. "International Business: Global Competition From a European Perspective," OUP Catalogue, Oxford University Press, number 9780198782131.
    2. Man, Thomas W. Y. & Lau, Theresa & Chan, K. F., 2002. "The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies," Journal of Business Venturing, Elsevier, vol. 17(2), pages 123-142, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    small and medium-sized enterprises; foreign markets; success; key success factors; engineering industry;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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