ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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need to be more creative.
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open a franchise.
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need to understand the culture.
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use the Internet.
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Detailed explanation-1: -International Entrepreneurship, simply put, is a term that perfectly sums up the process of companies expanding to become global enterprises and everything that goes into making that happen.
Detailed explanation-2: -Entrepreneurship Accelerates Economic Growth By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth.
Detailed explanation-3: -Review your company. Take a careful look at your business to make sure you’re ready to expand internationally. Develop a market entry strategy. The next step is to develop a market entry strategy. Prepare and execute an export marketing plan.
Detailed explanation-4: -Innovative mindset, entrepreneurial orientation. Emphasis on learning and knowledge development. International marketing capabilities. Flexibility to adapt to changing conditions abroad. Emphasize differentiation and/or focus strategies (eg: super product quality)