* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
Course Description
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 examples 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 the entrepreneurial mindset and the robust global strategies that focused on customers, sustainability and business ethics have potential to achieve business goals.
What Do Participants Learn?
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.
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:
- Young Entrepreneurs
- Self-Employed Professionals
- Family Business- Owners, Managers and other Professionals
- Global Business Managers
- Emerging Senior Level Managers and Executives
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section 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?
- Corporate entrepreneurship
- Intrapreneurship
Section 2: Business Environment and Global Strategy
- What is Global Strategy?
- Foundations of global Strategy
- Characteristics of Business Environment impacting global Strategy
- Internal Environment
- External Environment
- Global Environment
- Classifications of Entrepreneurial Venture in Global Market
- Importance of Global Competence for Entrepreneurs
- Diagnosing Entrepreneurial Idea on Global potential based on
- Market
- Cost
- Government
- Competitive Globalization Drivers
- Challenges for Global Entrepreneurs
- Case- Study – SOUQ – Amazon of the Middle East
Section 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
Section 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
Section 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
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