Presented By: Shikha jha Sonu shivhare Prashasti saxsena Awishkar ashutosh Shobit agarwal

Currently, there are immense opportunities for entrepreneurs to directly engage in international trade. Many become traditional importers or exporters. However, there are many different ways that entrepreneurs can be involved in the global economy. In this world of instant communication, entrepreneurs can take anything that can be digitized and send it anywhere in the world. This gives entrepreneurs opportunities to provide services using world-wide resources that were, until recently, only available on the local level. It makes the market for services truly international.

The term international entrepreneurship was introduced around 1988 to describe the many untapped foreign market that were open to new venture reflecting a new technological and cultural environment. Mc Dougall (1989,p389) defined international entrepreneurship as the development of international new venture or start up that, from their inception, engage in international business. International entrepreneurship is the process of an entrepreneur is conducting a business activities across national boundaries. It may consist of exporting, licensing, opening a sales office in another country.

International entrepreneurship is the process of an entrepreneur conducting business activities across national boundaries. Involvement of Two countries Language difference Comparative more risk Government intervention Payment in foreign currency Differs from Domestic business

Step1- Conduct research Step2-Prepare a feasible Study Step3- Secure adequate financing Step4-File the proper document Step5-Draw opportunities and implement plan

Economic development Political and legal Cultural environment Technological environment Subsidies offered by foreign government

Importing
Importing is buying and shipping foreign-produced goods for domestic consumption reason is that some products are not available or produced domestically. (Diamonds, for example, arc not mined in the United States but mostly in Africa. As a result, American jewelry companies must import diamonds.)

Exporting
When an entrepreneurial firm decides to participate actively in the international arena as a seller, rather than a buyer, it becomes an exporter. Exporting is the shipping of a domestically produced good to a foreign destination for cons

Joint Venture
Another alternative available to the entrepreneur in the international arena is the joint venture. 20 A joint venture occurs when two or more firms analyze the benefits of creating a relationship, 21 pool their resources, and create a new entity to undertake productive economic activity. Direct Foreign Investment A direct foreign investment is a domestically controlled foreign production facility. This does not mean the firm owns a majority of the operation. In some cases, less than 50 percent ownership can constitute effective control because the stock ownership is widely dispersed. On the other hand, the entrepreneur may own 100 percent of the stock and not have control over the company

Licensing
Licensing is a business arrangement in which the manufacturer of a product (or a firm with proprietary rights over certain technology or trademarks) grants permission to some other group or individual to manufacture that product in return for specified royalties or other payments. Foreign licensing covers myriad contractual arrangements in which the business (licenser) provides patents, trademarks, manufacturing expertise, or technical services to a foreign business (licensee).

 Profits Competitive pressures Unique product(s) or service(s) Excess production capacity Declining home-country sales Unique market opportunity Technological advantage Tax benefits

Tourism

Textile

Software

Education and training

Food processing

Health care sector

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