Small business for globalization and internationalization of economy

Purpose: The reason for writing the paper is the need for presentation of the approach of small business in the context of globalization and the aim of the research is presentation of the importance of small business companies in the global economy because the entry of small enterprises into a new market is a strategically important step and perspective for long-term development. Design/methodology/approach: The literature research and observation were conducted. The design was based on the review of the advantages and disadvantages of small companies in relation to global processes. Findings: It was found that the conditions for the development of small and medium-sized enterprises resulting from their impact on the environment change over time. It was also noticed that the entry of small enterprises into a new market is a strategically important step and perspective for long-term development, but in the literature it is emphasized that globalization generally worsens the conditions of competition (intensifying particular "forces" identified in the Porter model).