Global Strategic Management: Critical Evaluation of Theoretical Models of Entrepreneurship in Contemporary Business

Global Strategic
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Critical evaluation of theoretical models of entrepreneurship that carries relevance in
contemporary business that are characterised by uncertainty as well as major global
dislocations that are experienced by entrepreneurs in Covid-19 pandemic................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Global strategic management is an operations which are taken by entrepreneurial
businesses when they wants to compete as well as expand in global markets. It is said to be
strategic businesses that are pursued when they wishes to expand their business practices at
global level. It is generally said to process of planning that shows about how entrepreneurial
businesses could be successful around global world (Rogin, 2021). Global strategic management
practices are essential as it enables businesses to capitalize on competitive opportunities globally.
As effective managers could develop tools as well as techniques to evaluate their business
surroundings (Ylöstalo and Adkins, 2021). This essay report is based on global strategic
management on article of Causation as well as effectuation towards a theoretical shift from
economic inevitability to contingency. This essay report consists of critical evaluation of
theoretical model of entrepreneurship towards contemporary business with their global
dislocation that experienced by businesses and entrepreneurs during Covid-19 followed by its
conclusion.
MAIN BODY
Critical evaluation of theoretical models of entrepreneurship that carries relevance in
contemporary business that are characterised by uncertainty as well as major global
dislocations that are experienced by entrepreneurs in Covid-19 pandemic.
This article states about causation as well as effectuation which is carried by business
entrepreneurs which determines about theoretical shift which is caused from economic
inevitability towards entrepreneurial contingencies. This article explains about causation
processes which identifies about relations which holds among two temporally simultaneous as
well as successive events that could bring about other effects (Agha and Dixon, 2021). It has
identifies that approach of causation generally implies that entrepreneurs should keep their
focus on a predefined goal as well as their aim to search means to accomplish their desired
objectives. An effectuation approach implies that entrepreneurs should keep their focus on means
at hand, which they aim to materialize into one or more than one objectives which were not
necessarily predefined. It could be stated that many business incubators generally motives to
provide network resources as well as to stimulate sharing of thoughts, but carrying prior
research which has shown that there is limited knowledge exchange which takes place among
1