International Entrepreneurship: Concepts, Features, and Opportunities

International
Entrepreneurship

Summary
The report is about International Entrepreneurship and contains details related to related
research subjects: International Business & Entrepreneurship. The analysis related to discuss
about the international activates. In the report International theories are interpreted and
explanation about the evolution of the international trade and expansion of multinational
entrepreneurship. The fundamental relationship about different theories help in the growing
business of an entrepreneur internationally. The related principle, emergence and inception
are also briefly described. The report is expanded into three formats along with different
approaches and theoretical knowledge about internationalism and entrepreneurship. There
are different methods and approach required for expanding the business internationally and
that to being an entrepreneur. The report also discusses about the benefits and opportunities,
risk, advantages and problems related to expansion of international entrepreneur. Being
discussion about these theories then also there is need of new theories as the expansion of any
new business in any other country requires great strategies and improvements.
Keywords: international entrepreneurship, Internationalization, international business, theory
building internationalisation

Table of Contents
Summary...............................................................................................................................................2
INTRODUCTION.....................................................................................................................................4
1.1 Concepts and approach of International Entrepreneurship............................................................4
1.2 Specific Features about International Entrepreneurship.................................................................6
1.3. SPECIFIC FEATURES AND FACES OF INTERNATIONAL ENTREPRENEURSHIP....................................8
1.4. INTERNATIONALISATION OF SMES AND INTERNATIONAL ENTREPRENEURSHIP.......................10
CONCLUSION.......................................................................................................................................13
REFERENCES........................................................................................................................................15
Table of Figures
Figure 1: Approach to Organization level of international Entrepreneurship given be Wach................5
Figure 2 International entrepreneurship as the amalgamation of three fields........................................8
Figure 3 The internationalisation process in the international entrepreneurship....................................9
Figure 4: An interpretative model for international entrepreneurship....................................................9

INTRODUCTION
International Entrepreneur, as the words are clear integral of innovation, risk taking
and proactive behaviour which are beyond the country boundaries and having creatives in
developing the values in the organization. Due to this, research related to entrepreneurship
has increased. Various theoretical approaches and theories can be explained which are related
to umbrella terms describing more about international entrepreneurship. It became popular
research in late 1980s and had got expanded in 1990s. There are many disputes related to
such building international entrepreneur (Sarasvathyand et.al., 2014). Building relation
between entrepreneur and international business has influenced many economics and
management sectors along with non-business sectors like sociology, political science,
geography, psychology and economic development.
The report describes about the issues and related factors of IE. Along with it benefits,
opportunities, risks and disadvantages are being discussed. The report discusses mostly about
the international entrepreneurship, where talking international is related to the outside
boundaries of the country. Mostly discussion and elaborations about the fundamentals about
the international entrepreneurship it origin, emergence in market and on which principles it is
based.
1.1 Concepts and approach of International Entrepreneurship
Past and historical ideas related to Internationalisation can be derived from the economics
context and theories based on the management. It can be described through various
systematic and schematic models (Zahra, Newey and Li, 2014). There are various new
theories, ideas, concepts and approaches to develop business over internationally. Sorensen
and Wach have described various models and proposed many researches about International
Entrepreneurship. According to Wach, which describes the 6 main research approaches and
subjective development from models of stages and its approaches.
The international entrepreneurship started in mid 1970s and development stages were
prosposed by Johanson and Vahlne as Uppsala model. Uppsala model have discussed about
the different temporal and various patterns(spaitial) of internationalism. The theroy describes
that for person to start new business in outer country must follow this steps. They should
firstly try to establish the business in their own country then they should expand their
business in their own country. After successful establishment of their home marketing they
should start exporting and start developing the new firm in the targeted country. Some points