Internationalization of small and medium size enterprises: the particular tendencies traced in Lithuania

Abstract

Globalization, technological changes, intense competition, fluctuating demand of consumers, economic and political changes impact managers’ decisions to take greater risks and to expand firms’ activities overseas. Small and medium size enterprises (SMEs) play a significant role in any country’s economy by contributing to revenue generation and employment. Presented paper aims to reveal internationalization barriers and motives of Lithuanian SMEs. In particular, it seeks to explore approaches taken by internationalized and non-internationalized firms. Hence, the research question is being raised why and how firms internationalize.