University of Sydney
In developed countries the number of SMEs vastly exceeds the number of MNCs. An important share of SMEs are somehow linked to MNCs - but the impression prevails, that SMEs are in a subordinate position and certainly do not have a global strategy. The authors argue, however, that there should be partnership relations between MNCs and SMEs. The share of importance is conditioned by the degree, how well SMEs understand the MNCs global policy and how they support it with their activity. Through that MNCs become a part of SMEs' global strategy, which consequently becomes their strategy as well.