The Impact of Globalization on Entrepreneurship

Khapne, Vinod
February 2012
Golden Research Thoughts;Feb2012, Vol. 1 Issue 8, p94
Academic Journal
Globalisation came to India through the economic reforms and is gradually transforming our culture and self image. The impact of increased level of globalization on entrepreneurship remains unexplored area within the domain of international business. In this paper we aim to explore the relationships between globalization and entrepreneurship based on a comparative study of globalization and entrepreneurship indicators. The first major element under investigation is the relationship between small and medium sized enterprises (SMEs) and globalisation. SMEs are often characterised as being entrepreneurial, therefore much of the literature on SMEs and globalisation is relevant to entrepreneurship. The second aspect is firm internationalisation, where globalisation has forced many entrepreneurial firms to 'go global' to successfully compete and survive. As the process of globalisation removes trade restrictions, new opportunities and threats present themselves to those in business. Those who choose to take up these opportunities in the form of improved productivity and increased markets can be seen as having an entrepreneurial viewpoint. By focusing new initiatives on quality and differentiation of products and services, the entrepreneur can find a place in the global marketplace, irrespective of firm size.


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