全球战略管理ppt5.pptVIP

Growing and Internationalizing the Entrepreneurial Firm (5) Acknowledgement The following slides are based on Power Point slides, copyright Deng (2009), and Original slides prepared by the Lecturer Outline Entrepreneurship, entrepreneurs, and entrepreneurial firms A comprehensive model of entrepreneurship Five entrepreneurial strategies Internationalizing the entrepreneurial firm Outline Debates and extensions The savvy entrepreneur Learning Outcomes At the end of this session Students should have an understanding of: Entrepreneurship –theories and practices Entrepreneurial Activity Entrepreneurship - the identification and exploitation of previously unexplored opportunities Entrepreneurs - set of individuals who discover, evaluate, and exploit opportunities Founders and owners of new businesses and managers of firms with fewer then 500 employees Entrepreneurial Activity AN AMERICAN CHASING THE CHINA DREAM Mike Morris – USA – heads China operations in 2002 of small gifts and accessories firm Products assembled in China with components made in Japan, HK, Taiwan, USA 2002-2004 set up own supply chain firm within China with employer’s support Entrepreneurial Activity AN AMERICAN CHASING THE CHINA DREAM With Chinese partners hiring management team and building factory, capital and marketing from Morris and employer 2007 – US quality, China price 40 employees, $2m annual revenues End 2007 Morris sold interest 2008 another China venture with a friend Entrepreneurial Activity Not the exclusive domain of small, young firms Small and medium-sized enterprises (SMEs) globally (less than 500) 95% of all firms Create 50% of total value added Generate 60-90% of all employment Each year 4-6% of adult working population in North America and Europe start a new venture Entrepreneurial Activity Only a small number of entrepreneurial firms survive Yr 1- between 78% (0-9 employees) and 100% (250+ employees) Yr 4 – 50% (0-9 employees) and 70% (100-249 employees) Entrepreneurial Ac