This document provides an overview of international entrepreneurship. It discusses key topics like the meaning and nature of international entrepreneurship, the importance of international business, and factors that drive entrepreneurs to expand internationally. It also outlines various methods for entering international markets, including exporting, non-equity arrangements, foreign direct investment, and strategic partnerships. Finally, it discusses barriers to international trade such as cultural, economic, political, and regulatory differences between countries.
Direct exporting entry strategies - corporate management - Strategic Manage...manumelwin
In direct exporting, the firm becomes directly involved in marketing its products in foreign markets, because the firm itself performs the export task (rather than delegating it to others).
The market-entry technique that offers the lowest level of risk and the least market control is indirect export, in which products are carried abroad by others. The firm is not engaging in international marketing and no special activity is carried on within the firm; the sale is handled like domestic sales
Export international expansion strategies - corporate level strategies - St...manumelwin
Exporting is an effective entry strategy for companies that are just beginning to enter a new foreign market. It’s a low-cost, low-risk option compared to the other strategies.
Direct exporting entry strategies - corporate management - Strategic Manage...manumelwin
In direct exporting, the firm becomes directly involved in marketing its products in foreign markets, because the firm itself performs the export task (rather than delegating it to others).
The market-entry technique that offers the lowest level of risk and the least market control is indirect export, in which products are carried abroad by others. The firm is not engaging in international marketing and no special activity is carried on within the firm; the sale is handled like domestic sales
Export international expansion strategies - corporate level strategies - St...manumelwin
Exporting is an effective entry strategy for companies that are just beginning to enter a new foreign market. It’s a low-cost, low-risk option compared to the other strategies.
01 Globalization and International BusinessBrent Weeks
To define globalization and international business and show how they affect each other
To understand why companies engage in international business and why international business growth has accelerated
To discuss globalization’s future and the major criticisms of globalization
To become familiar with different ways in which a company can accomplish its global objectives
To apply social science disciplines to understanding the differences between international and domestic business
To introduce the idea of exporting and profile its elements
To introduce the idea of importing and profile its elements
To identify the problems and pitfalls that challenge international traders
To identify the resources and assistance that helps international traders
To discuss the idea of an export plan
To outline the practice of countertrade
International market entry and expansions ajitjoshiin
Market entry methods
When you know the scale of entry, you will need to work out how to take your business abroad. This will require careful consideration as your decision could significantly impact your results. There are several market entry methods that can be used.
Exporting
Exporting is the direct sale of goods and / or services in another country. It is possibly the best-known method of entering a foreign market, as well as the lowest risk. It may also be cost-effective as you will not need to invest in production facilities in your chosen country – all goods are still produced in your home country then sent to foreign countries for sale. However, rising transportation costs are likely to increase the cost of exporting in the near future.
With export entry modes a firm’s products are manufactured in the domestic market or a third country and then transferred either directly or indirectly to the host market. Export is the most common mode for initial entry into international markets. Sometimes an unsolicited order is received from a buyer in a foreign country, or a domestic customer expands internationally and places an order for its international operations. This prompts the firm to consider international markets and to investigate their growth potential.
Exporting is thus typically used in initial entry and gradually evolves towards foreign-based operations. In some cases where there are substantial scale economies or a limited number of buyers in the market worldwide (e.g. for aerospace), production may be concentrated in a single or a limited number of locations, and the goods then exported to other markets.
Exporting can be organized in a variety of ways, depending on the number and type of intermediaries. As in the case of wholesaling, export and import agents vary considerably in the range of functions performed. Some, such as export management companies, are the equivalent of full-service wholesalers and perform all functions relating to export. Others are highly specialized and handle only freight forwarding, billing or clearing goods through customs.
In establishing export channels a firm has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself.While export channels may take many different forms, for the purposes of simplicity three major types may be identified: indirect, direct and cooperative export marketing groups.
Global Marketing
Svend Hollensen
Fifth Edition
A decision-oriented approach
these are different entry strategies of companies to go global. also specified the need to go global and the time when the operations should be stopped in an international business,
Ethnocentric, polycentric, regiocentric, geocentric model (EPRG) or EPG ModelSachin Paurush
EPRG model, sometimes called also EPG model, is used in the international marketing. It was introduced by Perlmutter (1969). The strategy of the organization is characterized by three factors: ethnocentrism, polycentrism and geocentrism.
- Prof. (Dr.) Sachin Paurush
Charles Hills defines globalization as "The shift towards a more integrated and interdependent world economy". Globalization has two main components - the globalization of markets and the globalization of production.
According to International Monetary Fund, globalization means "the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows and also through the more rapid and widespread diffusion of technology. Interdependency and integration of individual countries of the world is also called as globalization”.
01 Globalization and International BusinessBrent Weeks
To define globalization and international business and show how they affect each other
To understand why companies engage in international business and why international business growth has accelerated
To discuss globalization’s future and the major criticisms of globalization
To become familiar with different ways in which a company can accomplish its global objectives
To apply social science disciplines to understanding the differences between international and domestic business
To introduce the idea of exporting and profile its elements
To introduce the idea of importing and profile its elements
To identify the problems and pitfalls that challenge international traders
To identify the resources and assistance that helps international traders
To discuss the idea of an export plan
To outline the practice of countertrade
International market entry and expansions ajitjoshiin
Market entry methods
When you know the scale of entry, you will need to work out how to take your business abroad. This will require careful consideration as your decision could significantly impact your results. There are several market entry methods that can be used.
Exporting
Exporting is the direct sale of goods and / or services in another country. It is possibly the best-known method of entering a foreign market, as well as the lowest risk. It may also be cost-effective as you will not need to invest in production facilities in your chosen country – all goods are still produced in your home country then sent to foreign countries for sale. However, rising transportation costs are likely to increase the cost of exporting in the near future.
With export entry modes a firm’s products are manufactured in the domestic market or a third country and then transferred either directly or indirectly to the host market. Export is the most common mode for initial entry into international markets. Sometimes an unsolicited order is received from a buyer in a foreign country, or a domestic customer expands internationally and places an order for its international operations. This prompts the firm to consider international markets and to investigate their growth potential.
Exporting is thus typically used in initial entry and gradually evolves towards foreign-based operations. In some cases where there are substantial scale economies or a limited number of buyers in the market worldwide (e.g. for aerospace), production may be concentrated in a single or a limited number of locations, and the goods then exported to other markets.
Exporting can be organized in a variety of ways, depending on the number and type of intermediaries. As in the case of wholesaling, export and import agents vary considerably in the range of functions performed. Some, such as export management companies, are the equivalent of full-service wholesalers and perform all functions relating to export. Others are highly specialized and handle only freight forwarding, billing or clearing goods through customs.
In establishing export channels a firm has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself.While export channels may take many different forms, for the purposes of simplicity three major types may be identified: indirect, direct and cooperative export marketing groups.
Global Marketing
Svend Hollensen
Fifth Edition
A decision-oriented approach
these are different entry strategies of companies to go global. also specified the need to go global and the time when the operations should be stopped in an international business,
Ethnocentric, polycentric, regiocentric, geocentric model (EPRG) or EPG ModelSachin Paurush
EPRG model, sometimes called also EPG model, is used in the international marketing. It was introduced by Perlmutter (1969). The strategy of the organization is characterized by three factors: ethnocentrism, polycentrism and geocentrism.
- Prof. (Dr.) Sachin Paurush
Charles Hills defines globalization as "The shift towards a more integrated and interdependent world economy". Globalization has two main components - the globalization of markets and the globalization of production.
According to International Monetary Fund, globalization means "the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows and also through the more rapid and widespread diffusion of technology. Interdependency and integration of individual countries of the world is also called as globalization”.
International Business Dynamics module 2 by Nagarjun ReddyPNagarjunReddyReddy
Complete detail of Second Module International Business Dynamics contents, Globalization – Supporting Institutions in International Conflict Resolution
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
Delivering Micro-Credentials in Technical and Vocational Education and TrainingAG2 Design
Explore how micro-credentials are transforming Technical and Vocational Education and Training (TVET) with this comprehensive slide deck. Discover what micro-credentials are, their importance in TVET, the advantages they offer, and the insights from industry experts. Additionally, learn about the top software applications available for creating and managing micro-credentials. This presentation also includes valuable resources and a discussion on the future of these specialised certifications.
For more detailed information on delivering micro-credentials in TVET, visit this https://tvettrainer.com/delivering-micro-credentials-in-tvet/
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...NelTorrente
In this research, it concludes that while the readiness of teachers in Caloocan City to implement the MATATAG Curriculum is generally positive, targeted efforts in professional development, resource distribution, support networks, and comprehensive preparation can address the existing gaps and ensure successful curriculum implementation.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
2. MODULE 5 : INTERNATIONAL ENTREPRENEURSHIP
OPPORTUNITIES
• Meaning of International Entrepreneurship
• The nature of international entrepreneurship
• Importance of international business to the firm
• International v/s domestic entrepreneurship
• Stages of economic development
• Entrepreneurship entry into international business -
• Barriers to international trade.
2
3. INTERNATIONAL ENTREPRENEURSHIP
• In simple terms, international entrepreneurship is defined as carrying out
entrepreneurship activities beyond the national boundaries of the country
• According to Zahra, “International entrepreneurship is the study of nature
and consequences of a firms risk-taking behaviour as it ventures into
international markets”
3
4. NATURE OF INTERNATIONAL ENTREPRENEURSHIP
1. Involvement of two countries
2. Language differences
3. More risk
4. Government intervention
5. Foreign currency
4
5. IMPORTANCE OF INTERNATIONAL ENTREPRENEURSHIP
1. Superior technical know-how
2. Large size and economies of scale
3. Lower input cost due to large size
4. Ability to access raw material overseas
5. Ability to shift production overseas
6. Brand image and goodwill advantages
7. Access to low-cost financing
8. Information advantages
9. Managerial experience and expertise
10. Diversification of risk
5
6. FACTORS AFFECTING INTERNATIONAL MARKETING
• INTERNAL FACTORS (CONTROLLABLE)
– Internal or controllable factors are those which can be controlled by
marketing managers
– These factors are related to marketing mix
– These factors are not perfectly controllable because the market
situation and behaviour are not within the decision limit of the firm
– One individual firm can modify and manage its 4P’s according to the
environment
• EXTERNAL FACTORS (UNCONTROLLABLE)
– Marketing manager has to also face external uncontrollable factors
while taking his marketing decisions
– The external factors include Cultural factors, Social factors, Legal factors,
Economic factors, Political factors, Technological factors
6
7. ENTREPRENEURSHIP ENTRY INTO INTERNATIONAL BUSINESS
• There are several ways(modes) to enter international business, the most
important ways are
1. Exporting (Indirect & Direct)
2. Non-Equity Arrangements (Licensing, Turn-key Projects, Management
Contracts)
3. Foreign Direct Investment (FDI) (Assembly, Wholly-owned Subsidiary, Joint
Ventures, Mergers and Acquisitions, Strategic Alliances, Partnering)
Some other modes of entry are
• Piggybacking
• Trading Companies
• Franchising
• Direct Marketing 7
8. 1. EXPORTING
• This is the most common method of entering international business
• Exporting can be done in two forms – direct and indirect
• Direct exporting is preferred by entrepreneurs when they wish to secure a
more permanent long-term place in international markets.
• Indirect Exporting is preferred when entrepreneur has little or few
resources for international marketing. This type of exporting has lower cost
and is simple method to enter international markets compared to direct
exporting
8
9. 2. NON-EQUITY ARRANGEMENTS
• An entrepreneur can enter into international business by one of three non-
equity arrangements
• Licensing : under licensing agreement, an entrepreneur (the licensor)
grants rights to intangible property to another company (the licensee) for a
specified period. Here the licensor grants permission to use their patents,
trademarks etc
• Turn-key Projects : One of the special modes of carrying out international
business is a turnkey project. It is a contract under which a firm agrees to
fully design, construct and equip a manufacturing/ business/ service
facility and turn the project over to the purchaser when it is ready for
operation for a remuneration.
• Management Contracts : an entrepreneur who markets and sells products
into international markets might arrange for a local manufacturer to
produce the product under contract. This makes the entrepreneur to focus
on sales and marketing. 9
10. 3. FOREIGN DIRECT INVESTMENT (FDI)
• Foreign direct investment (FDI) is an investment made by a company or
individual in one country in business interests in another country, in the
form of either establishing business operations or acquiring business
assets in the other country, such as ownership or controlling interest in a
foreign company
FDI includes following options
• Assembly Operations
• Wholly-owned Subsidiary
• Joint Ventures
• Mergers and Acquisitions
• Strategic Alliances
• Partnering
10
11. • Assembly Operations : An assembly operation is a variation of
the subsidiary. A foreign production plan might be set up simply to
assemble components manufactured in the domestic market or elsewhere.
In this strategy, parts or components are produces in various countries and
then assembled at one unit
• Wholly-owned Subsidiary : A wholly owned subsidiary is a company
whose common stock is 100% owned by another company, the parent
company. This is the most expensive method to enter foreign markets.
• Joint Ventures : it occurs when a company decides that shared ownership
of a specially set up new company for marketing and manufacturing is the
most appropriate method of exploiting a business opportunity.
• Mergers and Acquisitions : it refers to the aspect of corporate strategy,
corporate finance and management dealing with the buying, selling and
combining of different companies.
11
12. • Strategic Alliances : it is a business relationship established by two or more
companies to cooperate out of mutual need and to share risk in achieving
a common objective. Such alliances are done to shore up weakness and
increase competitive strength .
• Entrepreneurial Partnering : this method involves getting into partnership
with an entrepreneur of a foreign country. This is the most useful and best
method as it helps to get the exact knowledge of foreign markets by
partnering with local entrepreneur.
12
13. DRIVING FORCES FOR AN ENTREPRENEUR TO GO
INTERNATIONAL
1. Growth
2. Profitability
3. Achieving economies of scale
4. Uniqueness of product/service
5. Access to imported inputs
6. Marketing opportunities due to life cycles
7. Spreading R&D costs
8. Risk spread
13
14. BARRIERS TO INTERNATIONAL TRADE
1. Social and Cultural Differences
i. Language
ii. Values and religious attributes
2. Economic barriers
i. Infrastructure
ii. Currency conversion and shifts
3. Political and legal barriers
4. Tariff and non-tariff barriers
5. Boycotts
6. Standards and safety regulations
7. Anti-dumping barriers 14