FREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. DISCUSSIONS OF GOING GLOBAL LEARNING OBJECTIVES: – We define global mindset and global entrepreneurship –
Read moreGrowth is the very essence of entrepreneurship. Growth is the only vehicle that will deliver returns to your investors. And as we discuss in a previous Article, uncertainty and risk are a vicious cycle in high growth-potential ventures. Uncertainty and risk increase because the number of elements in the venture increases, the differences among those elements increase, and the interdependencies among those
Read moreFREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. VALUE DRIVER #7 MANAGING THE RAPIDLY GROWING VENTURE LEARNING OBJECTIVES: – We cover how successful
Read moreYour venture’s goals and strategy define the purpose and competitive advantage that will set it apart from others. Your goals help define your intent, and strategy is the plan of action that describes activities for dealing with the environment and for reaching your venture’s intended goals. When combined, goals and strategies define the scope of operations and the relationship with
Read moreDiscussions about Creating Your Growth Strategy Growth is the very essence of entrepreneurship. Growth is the only vehicle that will deliver returns to your investors. And as we discuss in a previous Article, uncertainty and risk are a vicious cycle in high growth-potential ventures. Uncertainty and risk increase because the number of elements in the venture increases, the differences among those elements
Read moreDiscussions About The Value Chain Some influential business thinkers, most notably Michael Porter at Harvard Business School, have introduced the concepts of value chains that we discuss here. When a company enters and competes in any industry it performs a number of discrete but interconnected value-creating activities. Examples are engineering and designing, producing and marketing, warehousing and shipping, and servicing and
Read moreDiscussions About Venture Team Management A business organization is composed of people and groups of people. It is goal-directed, meaning that it exists for a purpose, it has structured activities, and it is chartered or incorporated with the intention of profitably operating a business activity. It has an identifiable boundary, distinct from the environment, and a place in the ecosystem
Read more
Developing organization and human resource strategies across multiple borders should not simply be a matter of adapting a domestic model to accommodate changes in distance and global scale. Starting with a global mindset you will have to develop a fresh perspective in order to take into consideration the unique challenges of doing business globally. Human Resource Management Issues There are
Read moreDiscussions About Finding Opportunities In the Future Recall from our previous discussion, that entrepreneurship, risk, and uncertainty are long-time bedfellows and how they push the entrepreneur to the limit. Some influential business thinkers, most notably Geoffrey Moore, seem to suggest that disruptive technologies and the environment of uncertainty that follows favors entrepreneurial activity. When disruptive technologies force changes in common product
Read moreCreating Your Global Business Strategy As we have discussed, strategic motives must drive the decisions to conduct business globally. But what is your action plan? Where do you begin? How do you begin? Which markets should be entered first? What would be the optimal mode of entry? How rapidly should you expand globally? There are five steps to your action
Read more