Sally Fitzgibbons Foundation

Beginning the Academic Essay

The internationalization process of firms has been studied extensively. However, an area, which has obtained fairly limited attention, is the internationalization process of small and medium sized enterprises (SMEs) in the 21st century. These firms are also affected by the globalization of the markets, forcing the firms to act and think more globally. The internal market of the EU, e-commerce, and other institutional changes are gradually shifting the behavioral pattern within the Finnish SME sector. We know that the creation of business networks is becoming increasingly important in the internationalization process (Holmlund & Kock 1998). SMEs have not been studied as extensively as large sized firms have been when it comes to international activities. According to Miesenbock (1988) there is a particular lack of empirical studies, and the available

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