Answer each question with a 1 page essay. Total of 5 pages. Details and specifics required.
1. Define International Entrepreneurship and describe one example of an international entrepreneur and his or her business.
2. Explain all the international entrepreneurship formula. How would missing one or two of these variables impact a global venture?
3. What are the motivations for taking a business global? What factors influence this decision?
4. Describe each of the major issues and considerations an entrepreneur must address when launching his or her product or company in a new country?
5. Suppose you are the CEO of a small firm that is taking its business into a new country. You are fortunate enough to have two gifted managers who have volunteered to handle the operational issues for this project, but you must choose just one to send to the new country. One of the managers has extensive work experience in all of the operational aspects of running a business, and the other manager is from the new country and previously ran a business there. Which manager will you send and why?