Abstract
The emergence of Internet and information technology (IT) certainly changed the prerequisites for conducting business in a fundamental way. The new technology enabled companies to store, transmit and process information in a quicker and more efficient manner than before. In a global perspective Internet also emerged as a great equalizer, since it rolled back some of the constraints of location, scale and time zones (Hill, 2001). The fact that Internet allowed companies to expand their global presence at a lower cost than ever before also changed the opportunities for resource constrained, small and medium-sized enterprises (SMEs) to internationalise in a rapid manner.