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Globalization of SMEs: Indepth Analysis of Impact of Internationalisation on Firms

In this paper, we try to present a thorough analysis of firms after an up-close scrutiny of small and medium enterprises and their prominent role in the global marketplace. We studied the various theoretical and practical approaches to the topic of Small Medium Enterprise and their globalization on a worldwide front. It helped us understand the concept of internationalization of entrepreneurial enterprises and firms in the context of SMEs – to project the worldwide attention drawn towards the growing role of SMEs in the global marketplace and their valuable contribution to international global markets. The paper elucidates upon the consequences that accrue from firms entering foreign markets at inception and their survival in the international market when the transition from domestic to international market takes place.