Networking, Personality and Institutional Factors on SMEs Internationalization Process: A Literature-Based View

Abstract

SMEs are one of the economic entities that form the backbone of the economy in many countries. SMEs contribute substantial GDP to the country and are one of the solutions for efforts to provide employment and economic performance. However, so far SMEs have only been able to serve the domestic market, even though they have great potential to enter the international market. Not many SMEs are brave and motivated to do pivot businesses by utilizing digital technology and the era of openness to expanding overseas markets. Some many factors are suspected to be the cause. Through the literature review method, this paper seeks to identify the factors that influence SMEs to go international, primarily from the point of view of individual factors and organizational factors. From the results of previous research conducted in many countries, it was found that the individual factors and organizational factors contributed significantly to the decision making of SMEs to Go International.