Foreign Markets – Graveyards for Entrepreneurial Firms

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Some suggest that foreign markets are graveyards for entrepreneurial firms to overextend themselves. Others argue that foreign markets represent the future for SMEs. If you were the owner of a small, reasonably profitable domestic firm, would you consider expanding overseas? Why? If you decide to expand, how would you proceed? How would you overcome the liability of foreignness? (Approx. 200 – 250 words)

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