Question

Advantages to small and medium enterprises by globalization

Answer 1

1. They can import their goods to other places.
2. They have to face competition with foreign companies.

Answer 2

A positive aspect of increased globalization for a small business is they can often have a greater impact with their product or 'message'. A paving stone to globalization is the efficient connectivity of businesses and consumers worldwide by communications (internet) and shipping routes (cargo flights).

• ·Long-term thinking, perspectives
• ·Stability
• ·No pressure for short-term success
• ·High identification with the business, stable culture
• ·High commitment

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