International New Ventures and Born Global Firms: A Report

This report provides an overview of international new ventures and born global firms, encompassing both internal and external factors influencing their establishment and expansion. It defines international ventures as the global extension of domestic businesses to maximize profits and highlights the role of international entrepreneurship in seizing opportunities and managing risks. The report explores the concept of 'entrepreneurship,' emphasizing the ability to undertake risks and innovate. It also discusses the nature of international entrepreneurial opportunities, including market-oriented policies like licensing and exporting. The importance of international entrepreneurship is underscored, particularly in the context of joint ventures and born global firms. The report contrasts international and domestic entrepreneurship, highlighting the broader scope and increased competition in the international arena. The conclusion emphasizes the need to adapt products to meet customer demands and the overall goal of expanding businesses globally. The report references key academic sources in the field.

International new ventures
and born global firms

INTRODUCTION
International new ventures and born global firms is a very broad
nature which consist of all the internal and external factors because
international new ventures describe the establishment of new
business at international level. Simply international ventures is a
expansion of 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 expand their business across the globe by merging with
international companies.

International Entrepreneurial
opportunities
The term “entrepreneur” comes from a French word
enterprendre that means “to undertake” or having the
ability to take risk. Basically this shows the capacity of
undertaking all the available risk and opportunities
while establishing a new ventures across the globe. In
fact the process of creating something creative and
innovative is known as “entrepreneurship”.

International new ventures
International new ventures is a term represent a
business at international level it means expansion of
product in different- different countries to expand their
business across the globe to learn creative things by
making ventures in all the other countries. Business
consist of very broad size of market due to their drastic
nature and dealing with international level or with
foreign clients to sell their products.

Global firms.
Global firms are the emergence of various
entrepreneur at global level seeks to obtain more and
more profit by selling more and more product in
multiple countries. Born of global firms means an
entrepreneur who is dealing or working in domestic
country instantly decide to expand their business
across the globe to deal with foreign companies by
making joint ventures with them to introduce their
product in foreign market.

Nature of international entrepreneur
opportunities
International entrepreneur opportunities are having a market
oriented policies which consist of licensing, exporting,
importing or opening of a another office in different- different
countries across national boundaries. In fact international
entrepreneur business believes in launching their business in
more than one country to make their goodwill over the seas. In
other words when an entrepreneur tries to expand their
organization in other countries then international
entrepreneurship occurs.

Importance of international entrepreneur
opportunities
International entrepreneur opportunities increases day by day
due to the emergence of international joint ventures and born
global firms. In fact it is important for fresh employees to
become an entrepreneur because with the availability of large
amount of opportunity at international level most of the
business man are trying to grab that opportunity. Simply
international entrepreneur plays a very indispensable role due
to broad concept as with the help of this an organization can
easily maximize their profit by expanding their business across
the world.

International versus domestic entrepreneurship
International and domestic entrepreneurship both are worried
about the same major issues for example sales, costs, profit and
losses. But international entrepreneurship are more broader
concept than domestic one because of the emergence of many
more competitors.
Domestic entrepreneurs are deals with only the domestic
customers whereas international entrepreneurs deals with
foreign clients.

CONCLUSION
This report consist of all the relevant fact and figures which are
essential to attract a large numbers of customers at international
level by using the policy of changing the products according to the
customers demands and desires. Basically international new
ventures and born global firms deals with the expansion of existing
business across the globe to grab advance opportunity by learning
new and innovative things.
Overall report explains the roles and responsibility of attractive
international and domestic entrepreneur to establish the customised
products to fulfil the demands of their existing customers according
to their taste and preferences.

REFERENCES
Bell, J and Loane, S., 2010. ‘New-wave’global firms: Web 2.0 and
SME internationalisation. Journal of Marketing Management,
26(3-4), pp.213-229.
Cavusgil, S.T and Knight, G., 2015. The born global firm: An
entrepreneurial and capabilities perspective on early and rapid
internationalization. Journal of International Business Studies,
46.(1). pp.3-16.
Cavusgil, S.T and et. al., 2014. International business. Pearson
Australia.
Cavusgil, S.T., Rammal, H and Freeman, S., 2011. International
business: the new realities. Pearson Higher Education AU.