Analysis of Selected Factors of Slovak Companies’ Internationalization
Magdolenová Jana
Keywords:
external market, choosing criteria, internationalization, decision-making
Abstract:
The participation of Slovak companies in international business opens the economy of the
Slovak republic. An open Slovakian economy can be considered to be an essential impetus
for business activities and is a necessity in the process of globalization. The participation in
international business is source of profit and it contributes to the competitiveness of a company
compared to companies that operate only on the national market. This article examines
the meaning of internationalization on the macroeconomic and microeconomic scale while
analysing some factors of internationalization of a firm using results of an empirical research
that had been done. These factors are the criteria for the selection of foreign markets and they
determine the current state of internationalization of Slovak firms.
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