Small businesses go global:

Question

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Small businesses often go global when they realize that their success and survival depend on expanding their business beyond their domestic market. This can be due to increased competition or limited growth opportunities in their home market. Small businesses may also go global to diversify their customer base and reduce their dependence on a single market or product. Large businesses, on the other hand, often go global to take advantage of economies of scale, access to new markets, or to secure strategic resources. Joint ventures with large companies may be one way for small businesses to enter global markets, but it is not the only way. The timing of when small businesses go global may also vary, and there is no specific timeframe between the fifth and seventh year of existence.

Small Businesses Go Global