International Opportunity Development for Small and Medium Industries of Developing Countries

Abstract

Business is meant for exploiting opportunities with the given resources for making profit. In today's digital world, any business can exploit markets of everywhere with the help of network. The network theory states that organizations of any kind do not follow the step-by-step process for making itself international; rather, the organizations become internationalized with the help of network partners. We know that networking is the backbone for developing and functioning of the relationship among enterprises working in native and foreign countries for doing business by which firms develop interdependent relationships for achieving resources, capabilities, special quality and new business opportunities. The small and medium enterprises of developing countries may use a network model for searching international opportunities. But the question is that is there any suitable network model for them or do they need any special network model for effective international opportunity development? This query is addressed here. The aim of the study is to design a network model for international opportunity development for the small and medium enterprises of developing countries. It further assessed the nature and consequences of that network model for searching such international opportunities for small and medium enterprises of developing countries. The model will help policy makers to develop support services for such enterprises to exploit opportunities for the benefit of them as well as for the country.