Foreign Markets – Graveyards for Entrepreneurial Firms

Humanities

Some suggest that foreign markets are graveyards for entrepreneurial firms to overextend themselves. Others argue that foreign markets represent the future for SMEs. If you were the owner of a small, reasonably profitable domestic firm, would you consider expanding overseas? Why? If you decide to expand, how would you proceed? How would you overcome the liability of foreignness? (Approx.

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