shikha ppt.pptx

7/28/2019 Shikha ppt.pptx

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Presented By:

Shikha jhaSonu shivhare

Prashasti saxsena

Awishkar ashutosh

Shobit agarwal


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Currently, there are immense opportunities for

entrepreneurs to directly engage in international trade.Many become traditional importers or exporters. However,there are many different ways that entrepreneurs can beinvolved in the global economy. In this world of instantcommunication, entrepreneurs can take anything that can bedigitized and send it anywhere in the world. This gives

entrepreneurs opportunities to provide services usingworld-wide resources that were, until recently, onlyavailable on the local level. It makes the market for servicestruly international.


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The term international entrepreneurship wasintroduced around 1988 to describe the manyuntapped foreign market that were open to newventure reflecting a new technological and cultural

environment. Mc Dougall (1989,p389) defined international

entrepreneurship as the development of internationalnew venture or start up that, from their inception,engage in international business.

International entrepreneurship is the process of anentrepreneur is conducting a business activities acrossnational boundaries. It may consist of exporting,licensing, opening a sales office in another country.


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International entrepreneurship is the process ofan entrepreneur conducting business activitiesacross national boundaries.

Involvement of Two countries Language difference Comparative more risk Government intervention

Payment in foreign currency Differs from Domestic business


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Step1- Conduct research

Step2-Prepare a feasible Study

Step3- Secure adequate financing

Step4-File the proper document

Step5-Draw opportunities and implement plan


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Economic development

Political and legal

Cultural environment

Technological environmentSubsidies offered by foreign government


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Importing Importing is buying and shipping foreign-produced goods for

domestic consumption reason is that some products are not avail-able or produced domestically. (Diamonds, for example, arc notmined in the United States but mostly in Africa. As a result,

American jewelry companies must import diamonds.)

Exporting When an entrepreneurial firm decides to participate actively in the

international arena as a seller, rather than a buyer, it becomes anexporter. Exporting is the shipping of a domestically producedgood to a foreign destination for cons


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Joint Venture Another alternative available to the entrepreneur in the

international arena is the joint venture. 20 A jointventure occurs when two or more firms analyze thebenefits of creating a relationship, 21 pool theirresources, and create a new entity to undertakeproductive economic activity.

Direct Foreign Investment A direct foreign investment is a domestically controlled

foreign production facility. This does not mean the firmowns a majority of the operation. In some cases, lessthan 50 percent ownership can constitute effective

control because the stock ownership is widely dis-persed. On the other hand, the entrepreneur may own100 percent of the stock and not have control over thecompany


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Licensing

Licensing is a business arrangement in which themanufacturer of a product (or a firm with proprietary

rights over certain technology or trademarks) grantspermission to some other group or individual tomanufacture that product in return for specifiedroyalties or other payments. Foreign licensing covers

myriad contractual arrangements in which the business(licenser) provides patents, trademarks, manufacturingexpertise, or technical services to a foreign business(licensee).


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Profits Competitive pressures Unique product(s) or service(s)

Excess production capacity Declining home-country sales Unique market opportunity Technological advantage

Tax benefits


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Tourism

Textile
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Software

Education and training
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Food processing

Health care sector
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Apple

Google

Microsoft

IBM

Toyota

Amazon.com

LG electronics

General Electrics

Sony


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