The Internationalization of Slovenian SME's: The Born Global Concept in Transition Economies

The paper analyzes the internationalization process of small and medium sized enterprises (SMEs), that comply with the Born Global concept. The internationalization process of Born Global enterprises distinguishes itself from the classic stage models of internationalization. The Born Global enterprises do not develop their international activities in incremental stages, but often start the latter from inception, entering several very distant markets at once. With the liberalization of foreign trade, the transition countries have become much more approachable for the emergence of Born Global enterprises. Presuming the fulfillment of certain requirements that mostly relate to the foreign market knowledge, the Born Global concept can represent an efficient way of internationalization of enterprises in transition countries. The paper focuses on the elaboration of the Born Global concept definition, as well as the comparison of identified Born Global cases from the selected developed and transition economies.