Internationalization of Entrepreneurship - Motivating Factors: Case Study of the Slovak Republic

Abstract

The goal of this paper is to identify the factors motivating Slovak companies by the internationalization of their business activities.Based on methodology, we have searched the factors influencing specific Slovak companies operating in foreign markets and tested for statistically significant differences among the individual factors that motivate Slovak companies for the internationalization of their business activities.In the majority of factors, the influence was proven by the companies managers.The relationship between the examined factors and the level of foreign trade activities, expressed by foreign sales volume, was tested.Thru the foreign working experience of business management, the relationship was confirmed.At the same time, it is possible to identify that there is no statistically significant difference, among the individual factors, that motivate Slovak companies for the internationalization of their business activities.

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