Ayla has an idea for a business that she thinks could be very lucrative. She wants to create a website to appeal to consumers worldwide and market her innovative line of merchandise. Her business plan predicts that, assuming current economic conditions hold out and financing comes through, she will be an international competitor shortly after startup. Which of the following best describes the type of business that Ayla aim to create? A) A born global firm B) A localized entrepreneur C) A traditional small business D) A global sustainer E) A multinational corporation

Ayla has an idea for a business that she thinks could be very lucrative. She wants to create a website to appeal to consumers worldwide and market her innovative line of merchandise. Her business plan predicts that, assuming current economic conditions hold out and financing comes through, she will be an international competitor shortly after startup. Which of the following best describes the type of business that Ayla aim to create? A) A born global firm B) A localized entrepreneur C) A traditional small business D) A global sustainer E) A multinational corporation

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter18: Management Of Technology And Innovation

Section18.5: Management Entrepreneurship Skills For Technology And Innovation

Problem 1CC: In the beginning, Acer was very entrepreneurial. However, the firm realized that if it was to...

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Technically, a born-global firm is a new venture that acts to satisfy a global product niche from day one. While various definitions of born-global firms have been proposed, this definition of born-global firms fits best with the entrepreneurship literature. This definition focuses on the creation of new ventures that are international by design and not by slow, steady emergence. Thus, when talking about born globals, the focus is on startup that start operating globally from inception and, therefore, excluding those firms that have progressively expanded domestic activities to include international activities. So within this context, please identify from the following a hallmark characteristic of a born global firm. A) Becoming an international competitor in between 5-7 years. B) From inception, seeks to derive significant competitive advantage from the use of typically knowledge-based resources and the sale of outputs in multiple countries. C)Adopting a global perspective…
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