Globalization affects where and how businesses develop their innovative capacity and where economic processes are located. The transfer of labour-intensive production processes to low-cost countries has been occurring for some time. With China and India at the forefront, such countries are now also fast moving into developing competencies and associated competence-intensive industries. To an increasing extent, starting up a business involves establishing a presence in an international or global market and interacting with foreign business environments in order to develop the business. In many cases the domestic market is too small to sustain the establishment of a business. The value chain may include foreign suppliers.
The course covers an area located in the intersection between international business and entrepreneurship.The course will be looking at various types of internationalisation gradual establishment abroad, born globals and following customers abroad (network internationalisation.)
- The international competitive arena
- Internationalization of sales, production and innovation
- Step- by-step internationalization
- Born Globals
- Internationalisation through networks
- Business Model Canvas used in an internationalisation perspecitve
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