Article Review on Entrepreneurship in Globalizing Economy

8/19/2019 Article Review on Entrepreneurship in Globalizing Economy

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ARTICLE REVIEW ON

ENTREPRENEURSHIP INGLOBALIZING ECONOMY

By- R. Himaja(T-A#$i%am &a'%(T-


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◦Entrepreneur is a person who identifes a potentbusiness opportunity and takes the initiative andcoverts his plans into action.

◦Globalization is the process by which businessesother organizations develop international inuen

start operating on international scale.


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Mi,%3 Sma a/2 M*2im E/'*%&%i*9*4*&m*/' (MSME9" A,'3 00:8◦

-he act provides legal ramework or 'enterprisewhich includes the manuacturing and service en

◦&n accordance with the provisions o this (ct )**#icro% "mall #edium Enterprises !#"#E$ areclassifed into

/. #anuacturing enterprises and

). "ervice enterprises


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#anuacturing Enterprises0 -he enterprises engathe manuacture or production o goods. -hemanuacturing Enterprises are defned in terms oinvestment in 1lant #achinery.

"ervice Enterprises0 -he enterprises engaged in

providing or rendering o services and are defneterms o investment in e2uipment.


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I/4*'m*/' imi' MSME8


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3redit assistance to "#Es in &ndia is included alonother national priorities. "uch unding assistancespriority sector consist o the credit acilities accor

!i$ agriculture%

!ii$ small scale industry including loans or setting up o industrial e

!iii$ small business%

!iv$ proessional and sel employed persons%

!v$ retail trade%

!vi$ education%

!vii$ housing


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O&&%'/i'i*8With und owing rom global investors anangel investors in the orm o 4D&% 41&% 4&&severy new organization has got an e2ualopportunity to survive and succeed in themarket.


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C$a*/* +a,*2 #y*/'%*&%*/*%8◦#anaging work orce diversity

◦(dopting to technological advances

◦5egulatory issues in di6erent countries

◦3ross cultural e6ect

◦ &nter linked global economy

◦"ti6 competition to the "#Es rom #73s


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◦( 2uestion arises8

'Globalization has been a blessing or acurse9,


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◦(rticle on E7-5E15E7:E5";&1 &7 G(

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Article Review on Entrepreneurship in Globalizing Economy