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(PDF) International New Ventures

   

Added on  2020-01-23

13 Pages3597 Words37 Views
International newventures and bornglobal firms

Table of ContentsINTRODUCTION...........................................................................................................................3International Entrepreneurial opportunities.....................................................................................3Customized sports wear garment will aids in attracting large numbers of customers................5Objectives of customized sports wear garments.........................................................................5International new ventures..........................................................................................................5Global firms................................................................................................................................7International sports entrepreneur opportunities..........................................................................7Nature of international sports entrepreneur opportunities..........................................................8Importance of international entrepreneur opportunities ............................................................8International versus domestic sports entrepreneurship.............................................................10CONCLUSION.............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONInternational new ventures and born global firms is a very broad nature which consist ofall the internal and external factors because international new ventures describe theestablishment of new business at international level. Simply international ventures is a expansionof domestic business across the globe to earn more and more profit by minimizing their losses.Basically due to the emergence of new ventures at national level it encourage the firms to expandtheir business across the globe by merging with international companies (Prashantham, 2011).The main motive of establishing of customised sports wear garments is to introduce new andadvanced product in domestic world due to which there is a many emergence of new globalfirms. Simply this report consist all the relevant facts and figures which is indispensable whileexpansion of domestic business. In fact international new ventures are trying to establish their

mark across their globe by making products according to the demand of customers whichresulted in a emergence of global firms.International Entrepreneurial opportunitiesFor opening of different business at international level an entrepreneur needs to take appropriatesteps towards satisfying of their customer because their main policy is customer oriented whichmeans they believe in satisfying their customers with their qualitative product. In fact to continuetheir business an organization need to must concerned with their quality because most of thecustomers demand only qualitative product as prices does not matters for them (Dhanaraj,2010). Mainly while opening up of business main focus on quality because quality is the onlything which attract their clients attention towards their products. The term “entrepreneur” comes from a French word enterprendre that means “toundertake” or having the ability to take risk. Basically this shows the capacity of undertakingall the available risk and opportunities while establishing a new ventures across the globe. In factthe process of creating something creative and innovative is known as “entrepreneurship”(Prashantham, 2010). Mainly entrepreneurship consist of vary broad nature included all theinternal and external factors which influence them in every manner.Main characteristics of entrepreneurship:-Risk taker:- The main and foremost quality of entrepreneur is to having acapability of hedging risk. In fact before establishing a new venture across theglobe an entrepreneur need to be ready to face all the upcoming challenges(Nummela, 2010).Profit maximization :- Profit maximization means an entrepreneur are morelikely concerned in getting high level of return or maximizing their profit.Basically every entrepreneur always try to earn more and more return on theirinvestment.Entrepreneur is a process:- The word entrepreneur is not a journey or anydestination in fact it is a process of performing appropriate task which requireslots of experience and skills to run their business effectively (Young, 2011).

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