Internalisation of SMEs - Source of Competitive Advantage

Small and medium enterprises have an important position in each developed economy. Their existence is irreplaceable and in accordance with the interests of the market economy. The mutual coupling of national economies and the internationalization of economic processes increasingly influence small and medium enterprises, in addition to major companies. The subject of this report is business internationalization. The aim is to define the position and approach to the formation of clusters as tools to increase innovative performance based on the analysis of the current state of small and medium business practices and their innovative potential in Slovakia.