Internationalisation has become part of the daily life of most small and medium sized enterprises (SMEs). Consequently, literature has emphasized the role of this strategic choice focusing on several as-pects, such as motivations, entry mode choices, internationalisation trajectories etc. The main focus in international business research thus has been on “why” those firms become international, on “which patterns” they follow in their international experience, while the strategic aspects, the “how” side of internationalisation of SMEs has received less at-tention (Bell et al. 2004). This paper wants to focus on this literature gap, analysing how inter-nationalised SMEs behave strategically abroad (from developing competitive advantage to ...