Factors Affecting the Internationalization of Manufacturing SMEs in Zimbabwe
The study investigated the factors affecting the internationalization of manufacturing SMEs in Zimbabwe. A triangulated research approach involving explanatory and descriptive designs was used to collect and analyze data from 302 manufacturing SMEs in Zimbabwe. The findings are that SME internationalization is positively influenced by availability of funds, management attitudes, and knowledge of the market, risk perception, international networks and intensity of competition. We also observed that contrary to contemporary literature, age and size of the SME as well as technical ability of managers do not influence internationalization. We therefore argue that unless the government and trade associations devise means to cushion the SMEs financially and expose them to the internationalization process, the number of SMEs that do business internationally will continue to dwindle.