Entrepreneurship And Globalization Essay

4065 words - 17 pages



This study examines the impact of globalization along with other dimensions (Economical, Socio-cultural, technological and financial) on entrepreneurial opportunities, strategies and performance in Pakistan. The result shows that the western model when applied in Pakistan shows almost the same outcome as in western society, the only aspect showing inverse proportion is technology, while others are displaying direct proportion.
Results reveal that when the model which is best in western culture is applied in Pakistan, shows inverse proportion.
Key words: ...view middle of the document...

Globalization is one of the variables which has a major influence on entrepreneurial activities, that is it is one of the factor which affects the way an entrepreneur carry out his business in any particular region. Presently, it has been characterized as a phenomenon that has pushed all areas national, local, regional or global towards a single economic system. As it is evident from recent global business environment that various hurdles of trade has been reduced, for example tariffs reduction, or tax exemptions on imports and exports thus it is promoting entrepreneurial activities. Moreover globalization has firmly integrated world economy, which enabled entrepreneur not only to take advantage of new opportunities available in different regions but it also has open new gateways for them to attain all types of available technological and innovative knowledge. Hence it can be stated that globalization not only assists entrepreneur in pursuing new opportunities but it also helps them in designing strategies which as a result supports him not only in exploiting various opportunities but also in improving their performances.
Entrepreneurs can affect economy in various ways, as they play a vital growth-developing role in all developed and undeveloped countries. There are numerous researchers, who have proposed that this era is more diverted towards entrepreneurial economy rather than managerial economy. Entrepreneurs have strong characteristic of willingness to take risk, by introducing new and innovative ideas, not only they adopt these ideas but they also make solid efforts to make these ideas a successful reality even in this reign of economic crisis. Moreover not only they exploit and consume globally available business opportunities, but they also create new businesses which in turn create numerous job opportunities, new and innovative business process and strong competition, therefore altogether the increasing levels of entrepreneurial activities results in economic development. Globalization has brought all economies together, entrepreneurs take massive advantage of this phenomenon, because they can not only avail opportunities and resources’ in their region but they acquire them anywhere round the globe.
Culture have strong effects on the way n individual behave in a economy, this sets up norms and values along with personalities and attitudes of individuals, hence we can say that ultimately there is a strong relationship between entrepreneurial activities and cultural specificity. Culture have a strong affect on how an individual feels, behave, act in daily lives, this factor distinguishes one society from another. Therefore we can say that entrepreneurs from different regions behave differently. In order to succeed in this global environment entrepreneurs study and analyze different cultures in which they propose to compete and carry out business activities.
Entrepreneurial activities cannot take place in a vacuum. Entrepreneurs need...

Other Papers Like Entrepreneurship and Globalization

Outline Germany

554 words - 3 pages . About Germany (location, innovation driven economy etc) 2. Framework of German Entrepreneurship: c. Looking at the pillars of German enterprise (graphically display the German environment in comparison) 3. Domestic Environment: (will be related to the framework in part2) d. Culture: i. Hofsted on Germany ii. Analysis of Hofsted and its effect on enterprise e. Economic climate / policies

The Main Diffirence Between Manager and Entrepreneur Is Risk Taking Propensity.Doc

1682 words - 7 pages substantially advanced by pragmatic individuals who are creative and innovative, able to utilize opportunities and willing to take risks. Whatever the definition of entrepreneurship, it is associated with creativity, literacy, innovation and change that are in turn vital for competitiveness in the wake of increasing globalization. Therefore preparing successful entrepreneurship means advancing the competitiveness of a business. SME and

Globalization and Its Impact on Women

4925 words - 20 pages Assignment On Globalization and its impact on women rights and empowerment Course Title Development Economics Course Code F-210 Submitted To AlfarunnaharRuma Lecturer Dept. of Economics Submitted By Group- 01 Session: 2010-2011 Finance & Banking JatiyaKabiKaziNazrul Islam University Trishal, Mymensingh Submission Date: 24 January 2013 Members of group one Serial No. | Name | ID Number | 01 | Md.DelowerHossain | 11132601 | 02


989 words - 4 pages only on passing a degree with outstanding results is not enough. Eventually, making contacts is what helps us apply for a job suitable and appealing to fresh new graduates. Written communication is another aspect that needs high consideration. Doing just any job that includes educational requirements makes it important to convey the message in a clear manner. Entrepreneurship and Management skills Entrepreneurship and management skills is

Global Business Today

2427 words - 10 pages \ eighth edition Global Business Today CharlesW. L Hill University of Washington McGraw-Hill Irwin contents PREFACE xiii PART ONE Chapter One Introduction 4 What Is Globalization? 6 The Globalization of Markets 6 The Globalization of Production 7 The Emergence of Global Institutions 9 Drivers of Globalization 11 Declining Trade and Investmen t Barriers 11 The Role of Technological Change 14 The Changing Demographics of the Global


1321 words - 6 pages capacity per annum and also when it gained the assets of Oshogbo steel rolling mill, which has a production capacity of 400.00 MT per annum. the company has developed through entrepreneurship. Example, the willingness to undertake organization, and management of a productive venture with all attendant risks while seeking profit as a reward. The group of company has developed by always seeking on how to develop new business and methods to retain

Introduction to Business

3499 words - 14 pages ’ entrepreneurship (tone, appeal, framing) Read critically Entrepreneurship: “Taking the risk of starting and running a business” “Entrepreneurship is taking the risk of being an entrepreneur” “Entrepreneurship is taking the risk of taking the risk of taking the risk of being an entrepreneur” “Entrepreneurship is taking the risk of taking the risk of taking the risk of not being an entrepreneur” Why taking the risk of being an entrepreneur

Four Functions of Management

1339 words - 6 pages products and advance techniques. These techniques allows companies to enter markets that was once unavailable to them. Advance technologies has also enable us to manage communication through the use of the smartphone, cell phone, telecommunication and the internet. Information is made available to us through the computerized management system as well. Globalization as discussed in our text was described as the free movement of goods

Provide an Account of the Impact of Globalisation on Education

4014 words - 17 pages still not achievable. What they saw beneficial was greater political and financial commitment for educational sector in national and international level, with policies that meet anti poverty development models. How ever, few serious observers in fact doubt there is a correlation between levels of educational provision and achievement in their development performance and ultimately the impact on global performance. GLOBALIZATION What is

Understanding “Toward a Theory of International New Ventures” by Oviatt and Mcdougall (1994)

840 words - 4 pages for a firm to internationalize, it is influenced by its production capacity, the size of its home market, economic and cultural forces as well as traditional firms that enter into the international market. Of note also was the issue and importance of International Entrepreneurship (IE), which has received scholarly attention in the past. In her article, ZAHRA, S.A. (2005) was able to identify some factors that give new firms the competitive

The Impact on Competitive Advantage (Strategies)

890 words - 4 pages The impact on competitive advantage on McDonalds One of the competitive advantages is the strategy used in a company. In McDonalds Company, the strategies can be divided into several parts which are the strategies of competitors, globalization, health issues and how McDonalds overcome them, respect towards cultural differences among every different countries, and they put a strong focus on children. There are many international fast food

Related Essays

Globalization, Internet And Entrepreneurship Essay

1577 words - 7 pages . Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally. All of Globalization, internet & entrepreneurship terms are very popular nowadays but many people don’t know the real meaning of them and the relationship between them. In this article we try to clear the relations. First of all, we have to define the terms. Globalization The most important term in

Impact Of Globalization On Trends In Entrepreneurship Education In Higher Education Institutions

3921 words - 16 pages International Journal of Trade, Economics and Finance, Vol. 3, No. 4, August 2012 Impact of Globalization on Trends in Entrepreneurship Education in Higher Education Institutions Norasmah Othman, Nor Hafiza Othman, and Rahmah Ismail  Abstract—With the trend of increasing globalization, entrepreneurship has been receiving more attention from government and educational institutions. Changes in the uncertain world economy have resulted in

A Primer In Entrepreneurship Essay

2413 words - 10 pages   smaller entrepreneurial firms; possibly because of ability to innovate and  focus on specialized tasks c. Globalization: today, more than 97 percent of all United States exporters are  small businesses with fewer than 500 employees. University of Zurich ISU – Institute for Strategy and Business Economics Ulrich Kaiser A primer in Entrepreneurship Spring semester 2008 27 III. Entrepreneurship’s Importance A. Economic Impact of

Entrepreneur Essay

2247 words - 9 pages BMA 246 -What is entrepreneurship Jin Mingming 199151 Considering the influence of the context, Entrepreneurship should be perceived as a living and breathing human being, who act as a social animal and is growth with the sensibility to opportunities and threats around.This article is mainly talking about the importance of sensing and manipulating as a entrepreneur. Firstly, two pictures of entrepreneurship will be illustrated with