BUSINESS NETWORKS AND THEIR ROLE IN THE INTERNATIONALIZATION OF SMEs

Entrepreneurial organizations have the capacity to form collaborative relationships. In collaboration, each party accepts responsibility for its own inputs as well as for the equitable sharing of returns on outputs. The relation of collaboration has certain roles over the business relations and entrepreneurial environment, fast changes being deeply analyzed and debated by reputable professionals. The relatively new literature on this subject is impressive in terms of research depth. Business networks are analyzed as one of the most important change of the entrepreneurship environment. Even if a detailed common opinion is hard to obtain, the general consensus has been established regarding the need of collaboration among firms, especially among SMEs. The starting point of unveiling the potential business networking is the new and challenging possibilities of interacting with the global market.