Regional internationalization key for Nigerian SMEs' competitiveness, study finds.
The article discusses how Nigerian small and medium enterprises (SMEs) can improve their competitiveness through internationalization. The researchers used surveys and statistical analysis to show that regional internationalization is a more realistic option for Nigerian firms than full internationalization. They found that SMEs can benefit from internationalization strategies, but should first focus on regional expansion before going global. This approach helps SMEs adapt to different cultures and business environments, leading to increased value creation and problem-solving abilities.