This document discusses various global aspects of entrepreneurship, including establishing an online presence through email and websites to connect with international customers and conduct market research. It also outlines different intermediary options for small businesses to utilize when exporting products, such as export management companies, export trading companies, and manufacturers' export agents. The document also discusses strategies like joint ventures, foreign licensing, franchising, counter trading, and bartering that small businesses can use to enter global markets.

2. GLOBAL ASPECTS OF
ENTREPRENEURSHIP

3.  Creating a world wide web
 Relying on intermediaries
 Creating joint venture
 Foreign licensing
 Contra trading and bartering
 Exporting
 Establishing international location

4.  STEP1.Connecting to e-mail
 E-mail gives entrepreneurs the ability to communicate with customers
anywhere in the world.
 Less expansive than international telephone calls.
 STEP2. Using the web to conduct international market research
 They explore the web's capacity to generate sales leads by researching
customers and market strategies in other countries.
 STEP3. Building a globally accessible web site
 Through making a website they can offer products and services in other
countries.

5. *EXPORT MANAGEMENT COMPANIES
Merchant intermediaries that provide small business with a low
cost, efficient, off-site international marketing department.
*EXPORT TRADING COMPANIES
Businesses that buy and sell products in a number of
countries and offer a wide variety of services to their
clients.
*MANUFACTURER S EXPORT AGENTS
Manufacturers export agents act as international sales
representatives in a limited number of markets for various
noncompeting domestic companies.

6. *EXPORT MERCHANTS
Domestic wholesalers that do business in foreign
markets. They buy goods from many domestic
manufacturers and then market them in foreign
markets.
*RESIDENT BUYING OFFICES
Another approach to exporting is to sell to a resident
buying office, a government owned or privately
owned operation of one country established in
another country for the purpose of buying goods
made there.

7. *FOREIGN DISTRIBUTORS
Domestic small companies export their products to
distributors that handle all of the marketing ,
distribution, and service function.

8. Joint ventures both domestic and foreign lower
the risk of entering global markets for small
businesses. They also give small companies
more clout in foreign lands.
 DOMESTIC JOINT VENTURE
 FOREIGN JOINT VENTURE

9.  FOREIGN LICENCING
Rather than sell their products or services directly
to customers overseas, some small companies
enter foreign markets by licensing businesses in
other nations to use their patents, trademarks,
copyrights, technology, process, or products.
 INTERNATIONAL FRANCHISING
 To boost sales and profits as the domestic market
has become increasingly saturated
with outlets and much tougher to wring growth
form.

10.  COUNTER TRADING AND BARTERING
Counter Trade is a transaction in which a
company selling goods in a foreign country
agrees to promote investment and trade in
that country.
Bartering
The exchange of goods and services for other
goods and services.