The Global Entrepreneur

In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.

International business meshes across multiple domains most notably market entry strategies and sociocultural variances. Factoring in those two critical aspects and giving them the right amount of attention is the separating line between success and failure. Terralumen, Blue Ridge, and Delta are all successful companies; However, by not observing the basic requirements of

As our venture capital firm prepares to take the plunge into global investment, it is vital that we understand all the forces at work. In the book No Ordinary Disruption by Richard Dobbs, James Manyika, and Jonathan Woetzel, they examine four forces that are changing our world and as a result our business and leadership. This executive summary examines the fourth force of, “Greater Global Connections” specifically focusing on Chapter 4, “Trade, People, Finance and Data.” As Dobbs, Manyika and Woetzel walk us through their theory and evidence, it is clear that their analysis is well founded and appropriate.

Introduction: Succeeding in international business is a tough job even for the most experienced multinational enterprise; international business has never come at a small price. There are trade barriers; cultural, political difficulties coupled with resource allocation and management strategy issues. In the mist of all these challenges some MNEs especially those from developing countries enter the international business arena with limited resources and experience and they still succeed.

Oviatt and Mcdougall in their paper, Toward a Theory of International New Ventures, tried to identify and define International New Ventures in the context of the global marketplace. Their work gained global acclaim in its bid to pose questions about the validity of existing theory on internalization. A decade later, Zahra’s work titled “A theory of international new ventures: A decade of research” attempts to build on prominent aspects of the work of Oviatt and McDougall with the hope of highlighting their important contributions to the field of international new ventures. I will attempt to highlight the areas where Zahra’s work

Over the last few decades there has been a substantial amount of attention being diverted towards born global firms who unlike ordinary firms, have defied the traditional stage wise process of internationalization. These firms have long puzzled researchers and challenged the basic perception of internationalization. As a result it has given way to a new field of research and aroused global interest in the emergence and success of these firms. This essay will go on explain why born global firms emerge, the factors that influence them and examples of born global firms in the real world. Uppsala’s theory of internationalization (Johanson & Vahlne, 1977 ) and Stephen Hymer’s Three Determinants theory are used to further analyze this essay.

We have also considered articles from Entrepreneurs’ Organization having a mission to engage entrepreneurs to learn, grow, and lead. An International Keynote speaker, seminar leader and consultant Dr. Deborah Swallow who has worked in over 30 countries for the past fifteen years dealing with complexities of people working internationally across multiple cultures, founded this

In order to face the challenges of internationalization, entrepreneurs should develop the capability to manage the

The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.

Going global opens opportunities for a business enterprise, much as it does introduce a host of challenges to the entrepreneurs. Every market is unique, and there are a couple of issues which need to be addressed and understood before the decisions have been made. These could be categorized into political, economic, technological, and socio-cultural. In regard to political, one needs to assess such matters as political stability, regulations, and taxation (Lieh-Ching, 2011). On economy, economic cycles, industrial structures, resource availability, and the unemployment rates need to be addressed. The socio-cultural category brings together mobility, consumer behavior, income distribution, and the level of education.

The purpose of this qualitative study is to identify the imprinting factors that affect business owners in the decision to expand internationally. The question this proposed research will seek to answer is: What are the imprinting factors that instigate business owners to expand internationally? The sample will be comprised of business owners in the Missouri who have international organizations. Information collected will include demographics concerning the owner and the organization, such as how many ventures has the owner begun, the types of businesses, and how long the business or businesses existed before becoming an international company. Data will be collected concerning the various types of imprinting including relationship, activities, and work experience (Mathias et al., 2015). Surveys will be used to collect demographic data; semi-structured interviews will be employed to determine the types of imprinting experienced by the owner and how these imprinting methods affected their decision to expand internationally. The demographic data will be analyzed employing indirect standardization. The interviews will be coded using QAD, a qualitative software program, to search for categories of imprinting identified by Mathias et al. (2015) concerning relationships, activities, and work experience. A content and factor, using SPSS,

​When we look at international business today we can obviously notice that companies all around the globe trying to expand their business as more as they can. When some company runs some business, they are relatively weak at the start point. As firm passing trough the process of growing, they must survive all the threats and traps on that road. We can say that the most risky and hardest job to do when new company starting with some business is surviving that first period of probably a year or two. At the start point every businessman trying to go through that process step by step, so for example; if we plan to open some tourist agency, the first thing we gone do is, to check the geographic area for that kind a job, of course there is no

Entrepreneurial management is the system of taking entrepreneurial knowledge and exploiting it for growing the effectiveness of new business venturing as well as small and medium size businesses.

When companies source, manufacture, and/or market products in foreign countries, they encounter fascinating and often challenging economic environments. Chapter Four first explores the economic environments of countries in which an MNE might want to operate by

To be a successful marketing man with a keen eye on globalization, holding sensitive position in the organization steering it to greater heights.