The internalization of SMEs operating in the engineering industry

Lenka Procházková and Lea Kubíčková

MPRA Paper from University Library of Munich, Germany

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.

Keywords: small and medium-sized enterprises; foreign markets; success; key success factors; engineering industry (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cse, nep-ent, nep-sbm and nep-tra
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Published in Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ISSN 1211-851.LX(2012): pp. 279-284

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43767

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