International Entrepreneurship: Opportunities and Analysis

This document discusses the concept of international entrepreneurship and explores the opportunities and analysis associated with it. It also highlights the achievements of successful entrepreneurs like Elon Musk.

International
Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................3
COURSE 1.......................................................................................................................................3
Part-A: Analysing Entrepreneur..................................................................................................3
Part-B: International Entrepreneurship theme.............................................................................5
COURSE 2.......................................................................................................................................6
International entrepreneurship opportunities...............................................................................6
Opportunities...............................................................................................................................8
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1

INTRODUCTION
Entrepreneurship is defined as a path that is less travelled and there are very little people that
choose to become entrepreneurs. All the entrepreneurs have many ideas that are not treasured yet
there seems to be a limelight in the things that are being achieved by the entrepreneurs in and
around the world (Reuber, 2018). This will in return create many international opportunities
where the entrepreneurs can expand and make Global profits. The services can also be expanded
globally that will be beneficial for the people living there. An entrepreneur will bring about
greatest achievements as his accomplishments by the work that is committed and the dedication
will also be a reference for many entrepreneurs that are trying to grow in and around the world.
Therefore entrepreneurship is defined as at tool that will bring about a nation's inheritance by the
policies that are adopted and accepted. Every entrepreneurial idea will also bring good economy
to the country once it is clicked in the best possible way. The entire report deals with the
analysing entrepreneurship as well as the entrepreneur that has made good profits with his idea.
The different entrepreneurial opportunities upon expanding on an international basis are
explained in this report with examples at instance. One can easily understand the effective
factors that are associated while being into International entrepreneurship.
COURSE 1
Part-A: Analysing Entrepreneur
Entrepreneur is regarded to be the finest personality as well as the one that believe in hope.
Moving ahead being an entrepreneur is not a smallest thing to accomplish. It requires more
determination and courage in order to choose the path that is less travelled. There are different
entrepreneurs around the world out of which the one chosen in this regard is Elon Musk. When
seems to be no pace then comes the entrepreneur Elon Musk who with his significant approaches
brought about great changes in the electronic payment system as well as the maker of launch
vehicles and spacecraft.
Biography: going deep into the personal biodata of the entrepreneur Elon Musk it can be
depicted that Elon Musk is a South African born person who became an American entrepreneur.
Elon Musk’s attitude is said to be one of the finest aspects that lead to so many accomplishments
that came across his way (Baier-Fueunt and et.al, 2019). There seems to be no idea that left un
done with his performance being the best which can be adopted as one of the references for the
latest entrepreneurs.

Personal Traits:
The major personality traits that made Elon Musk one of the world famous entrepreneur are as
follows:
Never say no attitude: every great success starts from employing the small steps. The small step
here is a great attitude development. The fact that Elon Musk became one of the top most famous
entrepreneurs and the entire world is aware of it is because of the determination which kept him
move ahead with all the strategies that were adopted. There seems to be many failures in the
attempts that he made in making choices (Schwens and et.al, 2018). There was an incident that
will clearly defect has say no attitude in this scenario where one of his Tesla Motors received and
utter failure and was not able to achieve the mark that was expected. Just before the
accomplishment of its deadline there came a drawback in his design and it was such that the
whole company was near to the bankruptcy. Though that was regarded to be big it did not stop
him from achieving the goal. He again fought a good fight and won back an investor.
Proved that serial entrepreneurship can bring success: Elon Musk’s most prominent
achievement is to never step back upon the challenges that are ahead. There is a valuable
outcome from the decisions that are being taken by Elon Musk. These are something that used to
set the impossible attainable things that are not understood by many. His idea of Paypal was the
one that brought about a great change in the entire e-commerce (Elo and et.al, 2018). Through
this idea he was turned out to be the largest e-commerce giant and that in turn brough about a
great name and fame to him. The company made itself as one of the most prominent one for a
while and is later known to be one of the finest assets that made it acquired for not less than
billion dollars. Before the onset of Elon Musk into the space industry there seemed to be lot of
uncertainty that was prevailing and through his arrival and the thoughts that were put by him
made it shine and prosper. The entire space industry saw and experienced a revival with the
space X company which also captured the eye of Nasa. Through all these accomplishments one
can easily understand that there are no barriers in the things that are to be accomplished in the
entrepreneurship.
Work ethics: ethics are important in the work that is being done by people. Elon Musk follows
insane work ethics. He is so much involved in the work and innovations that even the little time
that there is only a little time that is given to his daily activities. He does this in order to make
sure that the smallest time that is given to the activities can be made available for the work and

that can increase productivity. The conservation of time is something that can be learnt from the
choices that Elon Musk prefers (Mainela, 2018).
Part-B: International Entrepreneurship theme
Tesla Motors is regarded to be one of the world's famous manufacturer of cars and mainly the
sports type of cars. It is regarded as one of the greatest accomplishment of Elon Musk. the
formula that is used in the manufacture of the cars in Tesla company is with the use of electric
battery. Almost all the cars will run upon the fuel bases and here the entrepreneur Elon Musk
adopted a theory of using electric battery in order to save resources. Resources are getting
depleted and therefore entrepreneur ideas of this kind will definitely help the upcoming
entrepreneurs to research as well as develop their eco-friendly measures and the resources can be
saved upon keeping in mind the future generations. This prospect the idea that Elon Musk
plugged-in will bring about great changes in future generations too. The Tesla model cars are
most sold cars in the market. the company not only manufactures cars but also solar panels that
can save a great amount of solar energy and later can be used for household purposes (Zahra and
George, 2017). This idea clicked a lot in the country and therefore there are also some
subsidaries for Tesla company which is the Solar City whose aim is to develop solar photovoltaic
systems.
Idea: the tesla company is not initially a greatest idea that lived that an instance. There seems to
be a lot of critics that has evolved upon this cars manufacturing in the beginning. Yet Elon Musk
who is the founder of this particular formula did not even take a step back upon all the critics and
he in turn took it as a challenge to develop the model that did not exist in this present scenario as
of now. With this aim he named the company after the greatest inventor and electrical engineer
Nikola Tesla. All the funding that is contributed upon development of Tesla company was put by
Elon Musk with the hope that it will reach great heights. The Tesla Motors Company is regarded
to be one of the most sustainable sources company and it can now beat the vehicles that are
designed by greatest companies all over the world. Taking examples of Tesla Motors and its
products there are many companies that adopted this formula of developing vehicles upon
electric batteries soon after its first expedition into the market. After a lot of struggle and
receiving many critics it finally able to sustain in the automobile industry by being one of the
most reputed brand around the globe (Dana and Ratten, 2017). After becoming one of the most

reputed companies the critics that came up with their allegations during the time of development
were now in a way of choosing the same formula upon their choices.
Released: the tesla company was gained all its insides and was ready to be launched in 2003 July
1st. It occurred to be a smooth launch and there seems to be a lot of fame that was incorporated
soon after its launch. The company was incorporated into the automobile industry and it turned
out to be one of the most ruling companies in this particular field. The technology that was used
in this formula is the battery with which the computer software and proprietary waterworks.
Most of the investment upon this company was put by Elon Musk during the beginning days of
its launch and the double of it was achieved by him after its launch. Most of the entrepreneurs
after this creation took it as an example and started developing products upon the same formula
to become one of the renowned entrepreneurs of the world. The company initially started with
very few employees who did not believe in the reputation of the company and later after an year
of its launch there seem to be a board of directors that has constituted in the company which
started recruitment processes for other employees.
COURSE 2
International entrepreneurship opportunities
Entrepreneurship as the term suggest is said to be the one that is associated with different
innovative ideas that will lead to proactive and risk seeking behaviour that is required for an idea
to be flourished upon long run. International entrepreneurship is nothing but the one that is
emerging Globally and will create great value for the organisation that is incorporating the
measures upon expanding globally. When an entrepreneur works upon a particular idea of
establishing a company within the boundaries of the parent country then it is said to be only
limited to one country which cannot go on an international expansion. When the idea of a
particular entrepreneur business is paving way into many countries globally with the measures
that are adopted by the company that is working in parent country with all the liabilities then that
particular business is called an entrepreneurship (Bolzani and Der Foo, 2018). Entrepreneurship
is not a small term to just go through. This term is associated with many activities that is
expanding the economy of a small company that is established upon the idea that is brainstormed
or attained. When there is a chance for the business to expand globally it means that the business
is developing with all the aspects and the idea with which the entrepreneur is moving ahead has
been clicked in all the possible ways of expanding business internationally. The one that most

people focus upon and majorly entrepreneur is the value and the growth that is associated with
the business. Upon working for an idea to establish a business and to carry out the activities that
are in regular for the business to operate is mainly focused upon increasing the terms and policies
which will in turn reflect in establishing the norms and policies for value generation. every step
that is being taken by the entrepreneur will enhance their opportunities on expanding globally.
these opportunities depend upon the way they create their products and introduce them into the
market. Whatever be the industry the company has been launched into or is being operated well
developed certain other it over the competition unless and until it is very strong in the base that it
is established. Every businesses main concern is the product and the entrepreneur's major target
will have to be the product development in order to increase their services such that the sales will
definitely be greater than the investment. When the services are liable and quality is maintained
up on products then the business will automatically penetrate deep into the customers and that
will increase the reputation of a business (Bogoviz and et.al, 2018). Upon increasing their
reputation the company will automatically cross the border that it has confined to for over a short
period in order to establish its baseline. This is the starting stage of international
entrepreneurship where there are lot of opportunities that are associated for the business and the
development is majorly on the product and services. This is regarded to be a new venture that is
developed on a global basis. Every criteria in the entrepreneurship lies in the work that is being
put over elaborating the thoughts upon developing the products. There are many famous
examples that can be drawn from the international entrepreneur that are currently existing in the
world. Some of the examples are Coca Cola, Nike, McDonald, BMW, Philips, Tata etc. Most of
the entrepreneurship starts from the Tech world where technology is the major concern for many
entrepreneurs. The technology is seem to be reaching greater heights on a day-to-day basis and
therefore the smallest ventures that are developed using technology are reaching the perk of
being the best in no time. Many technological implementations of the greatest entrepreneur Steve
Jobs, Larry Page, Bill Gates, Mark Zuckerberg, Jerry Yang, Jeff Bezos etc are said to be the
successful with tech projects which turned out millions of dollars achievement for the
entrepreneurs that worked upon the simplest technologies that paved way for greatest
achievements. The bases of every entrepreneur starts with developing small ideas and aspects
which are not to be left in between. Upon all the critics that is achieved on the work that is

operated by the entrepreneur they will have to sustain the basic things that will incorporate to be
the biggest achievement later.
Opportunities
The different entrepreneurial opportunities around the globe that will expand the company in
various possible ways beyond the boundaries are as follows:
Cultural opportunity: An entrepreneur will bring about greatest achievements as his
accomplishments by the work that is committed and the dedication will also be a reference for
many entrepreneurs that are trying to grow in and around the world. Therefore. entrepreneurship
is defined as at tool that will bring about a nation's inheritance by the policies that are adopted
and accepted. Every entrepreneurial idea will also bring good economy to the country once it is
clicked in the best possible way. Culture is not same everywhere. Every country has different
cultural norms and the organisation itself has a varied internal culture that is maintained by the
management. While expanding the organisation into other countries different cultural aspects of
various countries can be experienced. There will be a certain culture that is maintained by the
organisation internally and that can be portrayed in other country. Therefore. examining the
company's culture in a different country will leave many opportunities related to selling
products.
Food taste opportunity: One of the most-catchy thing in and around the world is food. Food
taste is considered to be one of the most considerable factors of all the customers and therefore
whatever kind of opportunity that is related with the food taste will have to be driven into the
organisation in order to move ahead with the ongoing circumstances where the priority is mostly
given to this. Therefore, developing the opportunities in and around the food taste will also be
helpful for the company in order to give a strong base in the place where it is going to expand.
The entrepreneur that has expanded along with his entrepreneurial business into another country
will be directed towards experiencing different food tastes that are present all over the globe. For
example. one country has a different food source when compared to the parent country of
entrepreneur. Therefore upon expanding their business they can also contribute the food taste of
the parent country to the one where the entrepreneur decided to expand upon.
Environmental opportunity: Every country is different from one another. while there is a hot
and humid climate in one country and there will be cold and chilling climate in the other. Some
countries will experience rainy seasons. The benefit of expanding into other country is getting an

opportunity to witness the environment. Environment will also be able to open doors for creating
opportunities. Based on the climate and the norms that are associated with environment in the
countries where the entrepreneur is expanding there seems to be different opportunities that can
be brought forth by the International entrepreneur.
Filling the need: There might be different problems that are associated with common people all
around the globe. The problems can sometimes be identified by the biggest brands that prevail in
the country and sometimes they will not be able to satisfy. As an entrepreneur the first starting
step upon expanding globally will have to target the people that are not really happy with using
the existing local brands. This will in return develop a strong base since the problems of the
customers are directly being met by the entrepreneur and therefore the local market share can
also be helpful in contributing to the growth of the company.
Buying franchise: Profits are the major aim in the entrepreneur's mind upon expanding globally.
There are different franchises in and around the world that make huge profits upon selling
different products. The entrepreneur will have to focus upon this part in making a brand available
for the people where the company is going to invest some amount. It is advisable factor to buy a
franchise that is existing in the international brand and that which is not present in the country
where the entrepreneur is going to expand. This can create a lot of opportunities for the company
to explore more in the foreign businesses.
When the entrepreneur that came up with an ideology of operation of a particular idea in the
parent country and that Idea did not bring good amount of profit then the ultimate aim of the
entrepreneur is to expand globally in order to find the opportunities that can bring profits to the
company. There are different demands and approaches that are not really satisfying the foreign
customers. The entrepreneur will have to focus upon producing products that will satisfy their
demands internationally. The entrepreneur’s major consideration will have to be the quality and
the products will have to meet the domestic market requirement. This will have to be the major
international entrepreneurship importance since if these points are met then the entrepreneur will
eventually see the graph going to meet its perk. The importance of international entrepreneurship
is as follows:
The domestic market decline: Sometimes there will be a decline in the domestic market sales
and therefore the entrepreneur find it difficult to stand with the idea. Therefor the effective
option in this regard is to expand into global market to gain more profit (Oviatt and et.al, 2021).

Stage of maturity: It is the first crucial factor for the entrepreneur to expand business more in
the domestic Nation. Then there seems to be a time when the entrepreneur will have to move
ahead upon expanding the international business. Therefore, when it reaches a stage of maturity
the business as there will develop nation. This will fall upon the factors for choosing
entrepreneurship internationally.
Reducing manufacturing costs: different companies have different fixed costs that are imposed
upon manufacturing of goods. These manufacturing costs will in return fall upon the customers
by increasing the cost of product that is being sold to the customer. Therefore, upon expanding
into the global market the entrepreneur will have to find different units to enhance the company
by reducing the manufacturing costs that will bring about more customer base.
CONCLUSION
The entire report concludes upon analysing the factors of entrepreneur opportunities as well as
the international entrepreneurship. Entrepreneurship is defined to be one of those best measures
that is mostly chosen by people in this present generation. This report explains the
entrepreneurship of a particular entrepreneur Elon Musk whose accomplishments serves as a
reference for different entrepreneur your all around the world. The technological aspects that are
being incorporated by Elon Musk are being depicted along with his greatest accomplishment
Tesla. The international entrepreneurship theme of Elon Musk is depicted in the report along
with the information that is given regarding the company that he has launched. The different
opportunities that can be grabbed upon expanding internationally are put forth in the report. The
different opportunities that are associated upon expanding internationally our cultural
opportunity, food taste opportunity, environmental opportunity, filling the need and buying a
franchise which are regarded as one of the crucial measures and the things to focus upon while
expanding globally is what is being depicted in this report. The importance of international
entrepreneurship is also put forth in the report by explaining the factors of domestic market
decline, stage of maturity, reducing manufacturing costs and its impact upon the country where
the entrepreneur your is going to expand.

REFERENCES
Books and journals
Reuber, 2018. International entrepreneurship: The pursuit of entrepreneurial opportunities across
national borders.
Baier-Fueunt and et.al, 2019. International entrepreneurship: a bibliometric overview.
International Entrepreneurship and Management Journal. 15(2). pp.385-429.
Schwens and et.al, 2018. International entrepreneurship: A meta–analysis on the
internationalization and performance relationship. Entrepreneurship Theory and Practice.
42(5). pp.734-768.
Elo and et.al, 2018. Advancing the views on migrant and diaspora entrepreneurs in international
entrepreneurship. Journal of International Entrepreneurship. 16(2). pp.119-133.
Mainela, 2018. International entrepreneurship beyond individuals and firms: On the systemic
nature of international opportunities. Journal of Business Venturing. 33(4). pp.534-550.
Zahra and George, 2017. International entrepreneurship: The current status of the field and future
research agenda. Strategic entrepreneurship: Creating a new mindset, pp.253-288.
Dana and Ratten, 2017. International entrepreneurship in resource-rich landlocked African
countries. Journal of International Entrepreneurship. 15(4). pp.416-435.
Bolzani and Der Foo, 2018. The “why” of international entrepreneurship: uncovering
entrepreneurs’ personal values. Small Business Economics. 51(3). pp.639-666.
Bogoviz and et.al, 2018. Infrastructural provision of international entrepreneurship: theory and
practice. International Journal of Trade and Global Markets. 11(3). pp.190-199.
Oviatt and et.al, 2021. International entrepreneurship. In World encyclopedia of
entrepreneurship. Edward Elgar Publishing.
Online
International entrepreneurship: [Online]. Available through: < Importance of International
Entrepreneurship | Entrepreneurship (managementnote.com) >
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