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8/8/2019 International Opportunities of Intrepreneur
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International Opportunities for Entrepreneur
Globalization and Entrepreneur
Entrepreneur
-³Entrepreneurship is a combination of innovative,proactive, and risk-seeking behavior´ (Covin & Slevin,1989; Miller, 1983)
-³Examination of how, by whom, and with what effectsopportunities to create future goods and services arediscovered, evaluated, and exploited´ (Shane &Venkataraman, 2000)
8/8/2019 International Opportunities of Intrepreneur
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
International Entrepreneurship
- is a combination of innovative, proactive, and risk-seekingbehavior that crosses national borders and is intended tocreate value in organizations. (McDougall & Oviatt, 2000)
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
- Small businesses have actually been one of the maindrivers of global integration (Kurlantzick, 2003).
- Between the years 1987 and 1999, small businessestripled in number as exporters in the US
- By 1997, 97 percent of American exporters were smallbusinesses, though small exporters still only accounted for
one-third of total United States export sales (Kurlantzick,2003).
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
Evolution of Business Enterprise
- From independent units of production and distribution inmid-nineteenth century into large, integrated, and diversified,multinational corporations in the early twentieth century(Chandler, 1986)
- New technologies such as railroads, steamships, and thetelegraph were essential to that evolution
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
Theories of Firm Internationalization
- Product Life Cycle (Vernon, 1966)
-Traditional Incremental Type (Uppsala Model by Johanson andValne, 1977)
- Born Globals or International New Ventures
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
Drivers to Globalization of Entrepreneurs
-explosive growth of low-cost technology connectingpeople and locations
-dismantling of trade barriers and financial deregulation
-economic restructuring
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
International Trade Issues
-Increasing protectionist attitudes
-Trade blocs and free trade areas
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International Opportunities of Entrepreneur
Globalization and Entrepreneur
Some Factors to Consider Before Going Global
1. Total Landed Cost.2. Product Quality.3. Logistics Capability.4. Location.5. Trade Regulations
6. Finances7. Time to Market/Responsiveness of Supplier.8. Value Added Services.9. Communication/IT capabilities.10. Human toll.
