Trends in International Business of the Slovak Small and Medium Food Enterprises

Small and medium enterprises today create an organic part of the market economy. Their importance for the national economy, but also from microeconomic perspective is unquestionable. At present the trends in small and medium food enterprises activities contain operation not only in the domestic envi...

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Bibliographic Details
Published inProcedia, social and behavioral sciences Vol. 110; pp. 905 - 912
Main Authors Mura, Ladislav, Buleca, Ján
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.01.2014
Subjects
business trends
entrepreneurship
international business
small and medium enterprises
business trends
entrepreneurship
international business
small and medium enterprises
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Summary:Small and medium enterprises today create an organic part of the market economy. Their importance for the national economy, but also from microeconomic perspective is unquestionable. At present the trends in small and medium food enterprises activities contain operation not only in the domestic environment, they are increasingly drawn into international business. The internationalization of business creates new market opportunities, the possibility of organic growth and strengthening the market position. Aim of submitted article is to introduce current trends in international business of Slovak food SMEs and to examine motivation, or factors that lead them to this activity. According to our findings in business practice the Slovak food SMEs are economically active predominantly in Central European economic area and there are only simpler forms of expansion into foreign markets. Analysis was made via quantitative methods using SAS statistical software.
ISSN:1877-0428
1877-0428
DOI:10.1016/j.sbspro.2013.12.936