Globalization is a hot topic in the world today. Though many United States consumers associate globalization with leading multinationals like Coca-Cola or GE that have huge operations in many countries, small businesses have actually been one of the main drivers of global integration (Kurlantzick, 2003). Between the years 1987 and 1999, small businesses tripled in number as exporters. By 1997, 97 percent of American exporters were small businesses, though small exporters still only accounted for one-third of total United States export sales (Kurlantzick, 2003). Entrepreneurs are still a small part of the economy, but interest in becoming an entrepreneur is growing. Table 1. Entrepreneurs in Different Nations.
Technology .
With the emerging of new technology, people feel that globalization will help bring that technology to other nations. The fast-paced changes in technology and the financial freedom are the factors needed to encourage more advances in technology. The key to discovering these new technologies is not with the big businesses but instead lies with the entrepreneurs. In the past, entrepreneurs have been known to bring the new technology to underdeveloped nations. To keep this tradition operating, researchers have to establish technology that is easy to comprehend and conform to the culture in the developing countries. Entrepreneurs' may have become the key to bringing new technology to nations, but there are numerous disadvantages that have to be faced when dealing with foreign trade.
Disadvantages for Entrepreneurs.
Downward Trend of Globalization.
The past two years in terms of globalization have been a downward spiral. Many employees were laid off in an effort to cut costs. There was uncertainty in the air about the future of global integration. There was good reasoning for the uncertainty felt by small businesses. In the United States with the arrival of the new millennium, an entrepreneur could increase market value of the business by communicating with a nation wide exported and campaigning for free trade.
Entrepreneurship is The process of initiating a business venture, organizing the necessary resources and assuming the associated risks and rewards. Entrepreneurship as an option. ... Entrepreneurship and the environment-people used to be worried about small businesses surviving now there are about 23 million out there. ... Be a spin off or try using globalization. ...
Technology and globalization will continue to grow at a rapid rate, and academia may not keep pace with associated changes in the business environment. ... Individuals holding BS, BBA, and MBA degrees may not have the required skills preferred by managers to sustain the organization in a competitive global market. ... As 21st century businesses compete in the global marketplace, managers find themselves in a state of continuous change. ... Employees are advancing their education in an evolving economic knowledge to meet constantly changing global conditions, and the demands of their organizati...
In order words globalization is a multifaceted phenomenon, where the pace of global change is extremely rapid and it is no longer a vision but a reality. Global integration is seen every day and this is because of the process of Globalization. ... "Global" refers thus to the end stage of the process of "globalization". ... Robertson's is one of the first and the most general: Globalization as a concept refers both to the compression of the world and intensification of consciousness of the world as a whole...both concrete global interdependence and consciousness of the global whole...
Entrepreneurship is The process of initiating a business venture, organizing the necessary resources and assuming the associated risks and rewards. Entrepreneurship as an option. ... Entrepreneurship and the environment-people used to be worried about small businesses surviving now there are about 23 million out there. ... Be a spin off or try using globalization. ...
At the smaller level these entrepreneurs connect communities to the global economy through creating new jobs, new incomes and wealth. ... To put entrepreneurship into laymen's terms one must say that it is the "process of uncovering and developing an opportunity to create value through innovation." The common thread that runs through the varying terms of entrepreneurship is innovation. ... There are many entrepreneurship development programs that help to focus on improving an individual's skills. ... Rural entrepreneurship always varies according to two factors: Industry and Geograp...
The merger between ASEA and BBC is a brilliant example of how you can sense the eveolving global strategies and the processes of corporate transformation that these two compies have endured to survive in a competitive market. ... The aim was to build an organization that would create a spirit of entrepreneurship in the heart of employees and make them lose the false sense of security of belonging to a big organization. ...
Investment and entrepreneurship are the heart and soul of a lively economy. ... Although Bill Gates had the brilliant idea, an abundance of capital was required from the risk takers to build the globally dominant Microsoft. ... The investors that gain access to their accumulated assets that are now locked would encourage entrepreneurship. ...
Based out of Geneva, Switzerland, the Forum "acts in the spirit of entrepreneurship of the global public interest." ... As anti-globalization activists, this assembly is in opposition with the WEF, Washington's war on terror, and the US" idea of a defense budget. Many activists believe that the current events within the US government are the start of a permanent global war that leads to strength and domination of the US and its allies. At their recent gathering in southern Brazil, the point was made that the amount spent on global defense last year completely surpassed all of Latin Am...
Does the new strategy include global activities? ... If not, should it include global activities? ... s short term and long term strategies do include global activities. ... As with many industries, the global market provides a wealth of opportunity. 5. What role, if any, did entrepreneurship play in the company's strategy? ...