Entrepreneurship In The Global Economy

State-controlled economies such as China are building robust industries at stunning speed and siphoning off jobs from the West. This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies.

We have, in recent decades, been able to witness a veritable revolution in the world economy, known as ‘globalization’. Generally, the term is connected to the rapid increase of the free movement of goods, capital, people, ideas, information and knowledge around the globe. This book contributes to the meso- and micro-economic literature on innovation and entrepreneurship in the global economy.

The Changing Global Economy and its Impact on International Entrepreneurship addresses different changes and challenges which small and medium sized enterprises (SMEs) face in an economy where they need to compete at home and cannot refrain from participating in international markets. This volume presents a collection of 12 carefully selected chapters that highlight challenging real-world cases to illustrate a variety of difficult problems. The book presents an analytical framework with three levels of analysis - entrepreneurial level, firm level, and institutional level - to document comprehensive, realistic and experientially-based entrepreneurial initiatives, potent firm and public policy strategies with solid results.

Globalization has jarred the traditional role and competitiveness of small- and medium-sized enterprises. This masterful volume comprises leading scholars, policy makers and business leaders who have new insights and strategies for SMEs creating opportunities rather than being victims of globalization. The result is a breakthrough in our understanding of entrepreneurship in the global context. David B. Audretsch, Indiana University, Bloomington, US and WHU, Germany Small and medium-sized enterprises (SMEs) often have difficulty competing in the global economy unless they collaborate with domestic or foreign partners or with public sector organizations. This book addresses the resource leverage and innovation challenges that increased global trade represents for SMEs. In doing so, it explores how SMEs can become more competitive at home and in foreign markets as stand-alone firms or as members of supplier and customer networks. SMEs are turning increasingly to innovation as a source of competitive advantage in order to protect their home markets and participate in expanding foreign markets. The contributors to this volume leading experts in entrepreneurship, innovation, and international business provide in-depth coverage of the most compelling issues facing SMEs. These include: innovation as a competitive strategy, network dynamics, ways to leverage technology, internationalization, and the role of the public sector in helping SMEs to overcome resource deficiencies. This comprehensive look at SMEs in the global marketplace will be of great interest to academics who study entrepreneurship, innovation, or international business, officials from public sector agencies with responsibility for helping SMEs to internationalize and become more innovative, and senior executives of SMEs or executives of larger companies who are considering collaboration with SMEs.

Sustainable entrepreneurship focuses on how the environment is embedded within business practices. This book examines collaboration strategies and initiatives for sustainable entrepreneurs with a wide variety of partners, and demonstrates how they can be used to increase overall performance and achieve global competitiveness. Based on the latest empirical evidence from emerging economies, the book’s respective chapters address sustainability issues in connection with knowledge creation and learning, outsourcing, and the roles of universities, consultants, and the public sector.

The Coming Prosperity disarms the current narratives of fear and brings to light the vast new opportunities in the expanding global economy.

WEALTH CREATING BUSINESS OPPORTUNITIES WHO ARE GLOBAL ENTREPRENEURS? There is a new breed of entrepreneurs today – the Global Entrepreneur. They are different from past entrepreneurs; they are completely wired for Information Age businesses, they know how to harness knowledge and technology, and frequently engage a network of global business partners to help operate their international ventures. The Global Entrepreneur understands that the soft assets of knowledge and technology are greater creators of wealth than hard assets such as land, equipment, factories and mines. They realize the management models and organizational paradigms of the Industrial Era are giving way to a fresh appreciation of virtualization, strategic alliances, empowerment of individuals, and a new understanding that plentitude creates wealth. What is really new is that Global Entrepreneurs frequently use virtual organizations, virtual products, and micro-virtual manufacturing processes to develop efficient global ventures. They are strongly motivated towards creating a global enterprise for generating substantial personal wealth. WHO SHOULD BUY THIS BOOK? There are three individual groups who will benefit from reading this book. Nascent Entrepreneurs. These are individuals who are thinking about owning a business, but haven’t taken the leap. This book provides a roadmap and shows you the essentials for starting a successful business. Small Business Owners. Small and medium enterprises are finding it increasingly difficult to achieve new growth in today’s economic environment. This book shows business owners how to explore and find extraordinary growth in developing fast-growing foreign markets. Students. College students in the 1600 U.S. institutions that teach entrepreneurship can use this book to better understand the dynamic contribution of entrepreneurship to world economic growth and wealth creation.