Globalization And Entrepreneurship Essay

GLOBALIZATION AND ENTREPRENEURSHIP

Globalization and Entrepreneurship

Recently, it has become phenomenal as many firms operate globally from their inception. Companies, that are born to be global, basically rely on the technological advancements and innovativeness, which have been included in the Pang’s entrepreneurial strategies. Additionally, such firms usually have unique characteristics that make them recognizable and different. Moreover, firms that are born to be global usually focus on producing high quality products or services with inimitable features through the utilization of the technological innovations.

Generally, the success of global companies relies on many factors, including creativity, innovation, and quality in services or products. In addition, such firms adopt a continuous improvement strategy to maintain its survival and its ability to compete. However, creativity and innovation are important factors and as they considered crucial elements in creating competitive advantage for the companies. Moreover, global firms seriously consider the importance of human’s talent and intelligence. Therefore,

Because it eliminates the use of resources, and the leverage of skills knowledge. Meanwhile, such firms need smart management and highly skilled employees. In fact, on the long term, the strategy of globalization some times may have better outcome when compared to the strategy of selling innovations and that caused by two factors. First factor is that selling innovative ideas may leverage more resources from the parent firm. Second factor, is that globalization strategy provides the company with the ability to find solutions for new threats. Therefore it can be concluded that selling innovations strategy may has more positive outcomes in the beginnings of the firms life cycle but fewer benefits at the late stages of it, specially when compared with the globalization