In first look, Globalization, internet & entrepreneurship have a weak relation with each other. But if you observe more precision, you can find many relation between them. For example Globalization accelerates the change of technology. Every day it seems that a new technological innovation is being created. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. 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 ...view middle of the document...
Although the definition of entrepreneur may vary a bit depending on whom you ask, the basic definition of an entrepreneur is one who organizes a business or develops an idea and takes responsibility for its operation, its profits and its losses. Perhaps one of the earliest definition of entrepreneurship is “The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace.” (Entreprenurship, n.d.)
In the first look, Internet is more clear & lucid than others but it’s not true. The terms Internet and World Wide Web are often used interchangeably in everyday speech; it is common to speak of "going on the Internet" when invoking a web browser to view web pages. However, the Internet is a particular global computer network connecting millions of computing devices; the World Wide Web is just one of many services running on the Internet. The Web is a collection of interconnected documents (web pages) and other web resources, linked by hyperlinks and URLs. In addition to the Web, a multitude of other services are implemented over the Internet, including e-mail, file transfer, remote computer control, newsgroups, and online games. All of these services can be implemented on any intranet, accessible to network users.
Very few areas of society have escaped the impact of the Internet. From shopping to researching to meeting new people, it's hard to ignore the ways the World Wide Web has changed how society functions and interacts. Social networks and dating sites are a couple of the Internet's tools that, as of the date of publication, are commonly used to socialize in the 21st century
Now we are ready to describe the relation between three terms.
For the first step, we search for the impact of globalization on Entrepreneurship. Then discuss about the internet Influence on both globalization & Entrepreneurship.
Globalization and Entrepreneurship
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 fewer job opportunities for college graduates, and in response, the government want to develop creativity and entrepreneurial activities. The question now is, are the increasing trends of globalization due to the impact of entrepreneurship?
Globalization is entering its mature stage. Many politicians and some academics reflect on this aging process as if it is slowing down or even getting reversed. But nobody could deny that this complex economic...