Acceptance of Internationalization as a Current Trend in a Globalizing World: Case Study of Slovak Food Industry

Abstract:

The goal of this paper is to identify the impact of globalization on the Slovak food companies by the internationalization of their business activities. Based on methodology, we have searched the acceptance of internationalization as a current trend in a globalizing world and its impact on the chosen Slovak food companies operating in foreign markets and tested if there was correlation between acceptance of internationalization as a current trend and the volume of sales in foreign markets among the individual factors that motivated. Factors indicating possible motives of operating on the international market clarify the issue of internationalization of the entrepreneurship. Research indicates that the main factors influencing our researched companies by internationalization of their business activities are management interest in territorial expansion, the success of the competition in the foreign markets and an effort to build perspective foreign market position. On the other hand, the less motivating factor by internationalization of their activities is the lack of subcontractors in the domestic market. At the same time, it is not possible to identify correlation between acceptance of internationalization as a current trend and the volume of sales in foreign markets among the individual factors that motivated.

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