Companies are being born global today, by contrast. Entrepreneurs don’t automatically buy raw materials from nearby suppliers or set up factories close to their headquarters. They hunt for the planet’s best manufacturing locations because political and economic barriers have fallen and vast quantities of information are at their fingertips. They also scout for talent across the globe, tap investors wherever they may be located, and learn to manage operations from a distance the moment they go into business. Not surprisingly, standing conventional theory on its head, start-ups now do business in many countries before dominating their home markets. The companies Johnson & Johnson, IBM, Microsoft, Heinz are some of the best example of Global Entrepreneurship. Today, the relevant question is no longer “Should we be global?” but rather “Which global strategy is appropriate for our company?” and therefore, because of entrepreneurial mind-set and the robust global strategies that focused on customers, sustainability and business ethics have potential to achieve business goals.
In this dynamic course, you’ll learn the fundamentals of global entrepreneurship and the factors that dominate these ventures. Furthermore, you will learn the framework of strategies and how to implement them in global entrepreneurial ventures blended with real -world class case studies and find applicable and efficient strategies to explore best practices for success and market performance.
After the Training, participants will be able to:
Learn the fundamentals of Entrepreneurship, global entrepreneurship and the role of entrepreneurial mind-set and skills.
understand importance, challenges and key trend of global entrepreneurship with real life example and case-studies.
Analyze the business environment that affects entrepreneurial venture and also classify various entrepreneurial opportunities.
Diagnosing and evaluating how entrepreneurial idea can be transformed into entrepreneurial venture and how the competitive drivers affect it.
Understand the theoretical and practical perspective of entrepreneurship and How Entrepreneurial Strategy Fit into Global Strategy Framework with applicable choice of strategy in foreign market entry
Formulate the global strategy and action plans
How global entrepreneurial venture affect business internal and external management and operations
Identify and manage related risks and rewards of global entrepreneurial venture
Who Should Attend?
The course is ideal for people looking to enhance their knowledge and expertise in developing and executing entrepreneurial global strategies which include:
Family Business- Owners, Managers and other Professionals
Global Business Managers
Emerging Senior Level Managers and Executives
Day 1: Entrepreneurship Fundamentals and Global Entrepreneurship
Understanding Entrepreneurship, Entrepreneur, Entrepreneurial Activity and Enterprise
Importance of intellectual Capital and Entrepreneurial Mind-set
Characteristics of Successful Entrepreneurs
Understanding the Difference between
Internationalization and Globalization
International and Global Business
Global Strategy, Domestics Strategy and international Management
What is global Entrepreneurship and why it’s important?
Key statistics for Entrepreneurial Venture That Went Global
What size business can benefit from global entrepreneurship?
Day 2: Business Environment and Global Strategy
What is Global Strategy?
Foundations of global Strategy
Characteristics of Business Environment impacting global Strategy
Classifications of Entrepreneurial Venture in Global Market
Importance of Global Competence for Entrepreneurs
Diagnosing Entrepreneurial Idea on Global potential based on
Competitive Globalization Drivers
Challenges for Global Entrepreneurs
Case- Study – SOUQ – Amazon of the Middle East
Day 3: Global Strategy Framework for Entrepreneurial Venture
Theoretical Perspectives on Entrepreneurial Strategy
Michael Porter’s famous Five Force Analysis
Resource based-theory (RBT)
Contingency Theory (CT)
How Entrepreneurial Strategy Fit into Global Strategy Framework?
Three Generic Competitive Strategies
Foreign Market Entry – XFACTOR Data and Model
The Choice of Entry Mode: A Decision Model
Stages of Alliances Formation and Affecting Factors
Case Study – Success Story of Global Entrepreneur – UBER
Day 4: A Strategic Action Plan for Entrepreneurial Venture
Global Strategy Formulation
Industry Based Review
Resource Based Review: VRIO Framework
Institution Based Review
Overview of Strategic Action Plan
Structure of The Strategy
Benefiting from Global Strategic Alliances
The Strategic Action Plan Process
Strategic Fit Policy
Learning from other Successful Entrepreneurship Companies
Identifying Potential Risks and Challenges
Case Study: Glowork
Day 5: Impact of Strategy on Global Entrepreneurial Operations
Locating Global Activities and Global Marketing
Impact of Strategy on Designing Organizational Structure
Continuous Knowledge and Innovation Management Strategies
Complexity of Technological knowledge
Management of Alliances and Collaboration
Impact of Strategy on Communication and Integration
External and Internal
Associated Reward and risks of the entrepreneurial venture
Summary of the Training Course
Discussion – Final Notes and Training Evaluation
NOT INTERESTED IN THIS COURSE?
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