While the market and its development are essential for the operation of firms, the market alone will not be sufficient for the smooth operation of firms.

The fact that the software industry is a skill intensive industry and largely dependent upon foreign markets encouraged Indian SMEs to operate abroad.

In the product market, a firm competes with other firms for market shares.

SMEs in the software industry are disproportionately more internationalized than SMEs in manufacturing activities This reflects the competitiveness of Indian SMEs in software activities.

Corruption and weak law enforcement can lead to distorted markets and to trade that undermines businesses that operate responsibly within the law.

Table 7. Top ten SMEs and large sized enterprises from Indian manufacturing

This is market share of Apache Web server one of the critical applications in Web based communications.

They include firms in the telecommunication, broadcasting, publishing, computing and software industries.

OFDI by Argentine SMEs in the autoparts, agricultural machinery and software sector is prominent.

In other words, SMEs from Singapore remain interested in regional markets rather than global markets.

2. Corporate strategies for seizing market opportunities

Market vitality comes from people, especially from entrepreneurs, from entrepreneurship.

SMEs from Singapore remain interested in regional markets rather than global markets but the larger enterprises are investing as farafield as in Europe, the Middle East and Africa.

Agreement for the Establishment of a Common

Limit access to a market or free competition among enterprises

Enhancing enterprise productivity and competitiveness (e.g. supply chain management) and Creating new enterprises (e.g. a start up company in software).

Linkages with local businesses can also help the latter to explore new export or product markets.

Prospects for the world steel market and opportunities for new entrants, in particular for developing countries

It nurtures a pro business environment that encourages enterprise formation and growth, facilitates the growth of industries, enhances the productivity, innovation and capabilities of enterprises, and helps increase access to markets and business opportunities.

Foreign enterprises are increasingly investing in emerging markets.

At the same time, SMEs face increased competition in both domestic and international markets.

In the software sector, SMEs are relatively younger and have a higher R D intensity but lower technology import intensity, compared with the larger enterprises.

Software SMEs contributed significantly to OFDI stock (47 per cent), whereas manufacturing OFDI by SMEs was small (table 6).

OFDI by software SMEs, similar to manufacturing SMEs, has been prominent since the 1990s, which coincided with the second wave of Indian OFDI (figure 4).

60. Support programmes should be designed to help promote inter firm linkages among SMEs and between them and larger firms so as to improve skills, business information and production, marketing and sales opportunities of SMEs through inter firm and market networks.

For software SMEs, the developed countries were the most favoured destinations.

What steps could be taken to launch economically viable export oriented operations when domestic markets are small?

The aim of the counselling allowances is to ensure that entrepreneurs have an opportunity to get entrepreneurial counselling from professional consultants on beneficial terms, to support the growth of enterprises and the creation of new jobs, to provide know how to entrepreneurs and to help entrepreneurs find new markets.

SMEs' ability to reap the potential benefits of globalization depends on how well they are prepared for the new market conditions and the increased competition on the global market.

The liberalization of financial markets has made it easier for larger SMEs to gain access to international capital markets.

The development of software industries in India, the success of small scale fashion industries in Hong Kong and in the Emilia Romagna region of Italy, as well as the flourishing machine tool sector in Taiwan Province of China, are examples where SMEs have broken new ground and demonstrated their competitiveness in both domestic and international markets.

New approaches to small scale enterprises were part of market oriented policies.

While SMEs in the software sector are less export oriented in their OFDI activities, compared with larger ones, they are relatively more export oriented in the manufacturing sector.

By investing in these markets, SMEs can reduce the large costs associated with gathering information about the foreign market (UNCTAD 2004b).

Aftek Infosys used M As strategy to access the European market and technology overseas to improve its competitiveness.

There are different retailing formats corner store, cash and carries, convenience stores, specialized stores, department stores, discount stores, hypermarkets, superstores, supermarkets, warehouse clubs, supercentres, mail order catalogue sales, and virtual stores.

The business community felt that there was a need to provide information on both market opportunities and criteria for the identification of suitable joint venture partners.

The first condition is the existence of intent on the part of several enterprises to work together to take joint action designed to distort the operation of a given market for products or services.

However, an enterprise with special needs may purchase AMU courses specially tailored to suit the needs of the enterprise

Globalization may reinforce traditional relations of dominance between firms.

An enterprise or group of enterprises exercise market power when its or their activities occupy a dominant position in the domestic market or a substantial part of it which is characterized by a monopoly or a manifest concentration of economic power.

Both of them are about investing in entrepreneurs who are committed to service, and who really know the markets.

In some cases, export companies have seen a more rapid growth than those producing solely for the domestic market or those in the service sector.

Argentine software SMEs such as Idea Factory, Cubika and Sistemas Estratégios S.A. have also invested abroad.

They are ACE Laboratories, REPL Engineering, Liberty Shoes, Roto Pumps, Superhouse, Aftek Infosys and CGVAK Software Exports.