ASSIGNMENT # 1

“OPPORTUNITIES FOR A VENTURE ON GLOBAL LEVEL”

NAME: ANSA NAWAZ

ROLL NO: 14-EE-63

SECTION: C

MARCH 13, 2018

OPPORTUNITIES TO SET VENTURE ON GLOBAL LEVEL:
Mostly the need to set a venture on global level is to enhance the growth of your existing venture.
It is not as such difficult because there are many opportunities out there just rotate globe & you
will get to know a lot if you have potential.
Unique idea in our hand is key to get globally recognized and you will easily make a space for
your venture but you need to do market research as well to recognize the most suitable market for
your product or service.
In present we obviously have a lot of opportunities available on global level & it’s not as such
difficult to find them because of internet which is the best source to be aware of what is going on
in the world or what are the present needs of customers. Internet is a most important tool for
entrepreneurs to interact with their customers throughout the world and to set your business on
international level.
Now let’s just consider the important ways to recognize yourself, your company or venture on
global level.
BE AN AMBASADOR:
If you are working in some company or running your own venture then you can be an ambassador
from your region to represent your company or venture in international market.
Being an ambassador an entrepreneur can easily run a new business with a renowned name of the
business. In such case he can easily get funding from headquarters related to that specific market
or product.
CONSIDER DEALERSHIP:
Secondly we have another opportunity which is called distributorship or it can be dealership as
well where you just need to sell products of companies that are already recognized on global level.
The advantage of being a dealership is to properly get the knowhow of international market before
you introduce your venture on global level and it’s a way to get practice or experience on how to
get globally recognized.
START MULTILEVEL MARKETING:
Multilevel marketing is another opportunity where a network is being created and all the
representatives or distributors under that network have to represent your venture or product on
global level & your company or product gets recognized in international market where as a
significant amount of income can be achieved this way.
LICENSING OPPORTUNITY:
Licensing is another opportunity that is extremely profitable where you have to make use of your
personal talents i.e. interpersonal skills to introduce a new or already existing product.
If you successfully communicate the significance & need of your product to customers on global
level then once your customers are being satisfied with your new product you can easily make a
space for your product or service in international market. Customers are the key to any successful
venture so always keep I mind the needs of customers first.
So if we choose any of above opportunities then first you need to create a proper website to
present your product & for direct customer-seller interaction.
The main element that you have to keep in mind so as to differentiate your product from other is
to identify any inefficiency & find out the solution to correct it.