Acta Univ. Agric. Silvic. Mendelianae Brun. 2012, 60(2), 279-284 | DOI: 10.11118/actaun201260020279

The internationalization of SMEs operating in the engineering industry

Lenka Procházková, Lea Kubíčková

Ústav marketingu a obchodu, Mendelova univerzita v Brně, 613 00 Brno, Česká republika

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 medium-sized 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 fulfilling 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 affecting the success of these entities of engineering industry in foreign markets are defined.

Keywords: small and medium-sized enterprises, foreign markets, success, key success factors, engineering industry

Grants and funding:

The paper is elaborated in connection with solution of the research plan of the Faculty of Business and Economics, Mendel University in Brno, No. MSM 6215648904.

Received: November 30, 2011; Published: October 3, 2013  Show citation