Global Entrepreneurship
It is a process in which the firms compete on international markets with more efficiency and innovation.
The entrepreneurs should educate themselves about cultural, legal, political and economic forces in foreign
Global Opportunities
- Born global firms: Small firms launched with cross-border trade since inception.
- Service outsourcing: A strategy where large firms access foreign labor for services through contracts with individual providers.
- Offshoring: A strategy where firms relocate their operations abroad for achieving cost efficiency and access to knowledge workers
- Information Industry: Social media emergence, Vlog, travelling, data analysis
- Skill industry: Human skill and knowledge service industry
Challenges
- Culture, demographics and values
- Legal system
- Economic risk
- International political influence
- Financial issues
- Managerial and skill limitations
- Quality standards
- Product and service design adaption
- Operation alteration