Professional Documents
Culture Documents
Global Aspects of Entrepreneurship
Global Aspects of Entrepreneurship
rao
Dept. of Mech. Engg.
Entrepreneurship PBRVITS
UNIT – 8
The Global Scenerio
Unit 8 1
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Advantages of going global
Unit 8 2
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Global Aspects of
Entrepreneurship
Unit 8 3
Entrepreneurship c.m.m.rao
Dept. of Mech. Engg.
Features of modern business compared PBRVITS
to earlier times
Manufacturing
Earlier Business Today’s Business
Environment Environment
Basis of Economies of scale, Quality, functionality,
competition standardization customer satisfaction
Manufacturing High volume, long Low volume, short
Comparison
process of Prior
production runs, and Contemporary
significant Business
production runs, focus on
Environment
levels of in-process and reducing inventory levels
finished inventory and other non-value added
activities and costs
Required skills Machine-paced, low level Individually and team-paced,
skills high-level skills
Emphasis on Acceptance of a normal or Goal of zero defects
quality usual amount of waste
Unit 8 4
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Marketing
Earlier Business Today’s Business
Environment Environment
Contd..
Products Relatively few Large number of
variations, long variations, short product
products life cycles life cycles
Markets Largely Domestic Global
Unit 8 5
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Management Aspects
Earlier Business Today’sBusiness
Environment Environment
Focus of Financial measures of Non Financial Measures
business performance such as quality, customer
service, time to delivery
Organizationa Hierarchical, command Network based
l structure Contd
and control organization forms,
teamwork focus – employee
has more responsibility and
control, coaching rather
than command and control
Management Emphasis on the short Emphasis on the long term,
focus term, short term focus on critical success
performance measures and factors, commitment to the
Entrepreneurship c.m.m.rao
Factors Favorable to a Dept. of Mech. Engg.
Foreign
Financing
Human is Better Target
Resources Are Customers
Dispersed Among Require an International
Countries Presence
Global
Start-Up
Foreign Domestic
Competition Will Inertia Could Impede
Quickly Enter the Later Efforts to
Market Domestic Internationalize
Market is Too
Small to Support
Expenses
7
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Unit 8 8
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
9
Entrepreneurship c.m.m.rao
Dept. of Mech. Engg.
• Domestic barriers
• International barriers
– Tariff barriers
– Nontariff barriers
– Quotas
– Embargoes
– Dumping
• Political barriers
• Business barriers
• Cultural barriers
10
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Unit 8 11
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Unit 8 12
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Unit 8 13
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.
PBRVITS
Unit 8 14
c.m.m.rao
Entrepreneurship Dept. of Mech. Engg.