Institutions-both formal and informal-enable and constrain entrepreneurship around the world. Resources and capabilities largely determine entrepreneurial success and failure.
Some suggest that foreign markets are graveyards for entrepreneurial firms that have overextended themselves. Others argue that foreign markets represent the future for SMEs.
You work for a small foreign language services company. You have been asked to present a strategy to enter into the foreign market.
Identify issues related to growing and internationalizing this entrepreneurial firm that you will need to consider.
Determine if you will internationalize by venturing abroad. Provide rationale for your decisions.