Micro, Small, and Medium Enterprises’ Cross-Border Business Strategies

PBES

Proceedings of Business and Economic Studies

2209-26412209-265X

Bio-Byword Scientific Publishing Pty. Ltd.

10.26689/pbes.v7i2.6802

Article

Micro, Small, and Medium Enterprises’ Cross-Border Business Strategieshttps://artdesignp.com/journal/PBES/7/2/10.26689/pbes.v7i2.6802ChenXuan,XiaYijun,HouTian

2024

2024-04-29

This paper explores the operational strategies of cross-border micro, small, and medium enterprises (MSMEs). Against the backdrop of globalization and digitalization, cross-border trade has become one of the important pathways for many MSMEs to achieve growth and competitive advantage. Firstly, the paper outlines the concept and characteristics of cross-border MSMEs, as well as the analysis of their operational environment in the context of globalization, including political, economic, social, technological, environmental, and legal factors. Secondly, the paper proposes operational strategies for cross-border MSMEs, including international market selection and positioning, cross-border marketing strategies, supply chain management, cross-border financial management, and cross-border risk management. Finally, the paper summarizes the importance of effectively implementing these strategies for cross-border MSMEs to seize international market opportunities, reduce operational risks, and enhance competitiveness and profitability.

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