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A globalisation created the opportunities of growth and development for enterprises as well as many challenges to face. Enterprises are forced to compete and internationalize their activities if they prefer to stay on the market. The article analyses the earlier studies on the issues of internationalization of enterprises, intercultural competence and its significance in international business; the concepts of culture, intercultural competence and internationalization formulated by different authors are presented, their features are distinguished; various instruments to evaluate and improve intercultural competence and the significance of intercultural competence for internationalization of enterprises are discussed.

journal of globalization and business management

Intercultural Competence and Internationalization: Benefits for the Development of Small and Medium Enterprises Expanding the Business in Foreign Markets