What Is International Entrepreneurship?
What Is International Entrepreneurship?
What Is International Entrepreneurship?
ENTREPRENEURIAL
OPPORTUNITIES
CONTENTS:
• What is International Entrepreneurship?
• Nature of IE.
• Importance of International Entrepreneurship.
• International vs Domestic Entrepreneurship.
• Four strategic issues.
• Opportunities.
• Entrepreneurial Entry into International Business .
INTERNATIONAL
ENTREPRENEURSHIP
• 1. The allocation of responsibility between the U.S (host country) and the
foreign operations.
• 2. The nature of the planning, reporting, and control system should be
used through out international operations.
• 3. The appropriate organizational structure for conducting international
operations.
• 4. The degree of standardization possible.
WHAT IS BUSINESS
OPPORTUNITY
• A business opportunity, in the simplest terms, is a packaged
business investment that allows the buyer to begin a
business.
• however, the business opportunity seller typically exercises
no control over the buyer's business operations. In fact, in
most business opportunity programs, there's no continuing
relationship between the seller and the buyer after the sale
is made.
TYPES OF BUSINESS OPPORTUNITIES
• ‘An entrepreneurial
opportunity, consists of a set
of ideas, beliefs and actions
that enable the creation of
future goods and services in
the absence of current
markets for them.’
OPPORTUNITIES :
• ‘New ideals or inventions that may or may not lead to the achievement
of one or more economic ends.’
• ‘Beliefs about things favorable to the achievement of possible valuable
ends.’
• “Entrepreneurs may be more likely than other persons to discover
opportunities because they are less susceptible to inaction inertia.”
CONTINUED…
• Actions that generate and implement those ends through specific (imagined) new
economic artifacts.
1. Value proposition
2. Market segment
3. Value chain structure: logistics/production
4. Revenue model
5. Competitive strategy: High expertise
6. Growth strategies: Decrease cost through expertise gain
CONTINUED…