Role of Entrepreneur in International Business
INTRODUCTION International business is a term used to collectively describe all commercial transactions that take place between two or more nations. It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. It can be either the buying (importing) or selling (exporting) of goods or services on a global basis. In the achievement of the strategic objectives of a self-reliant and dynamic economy, the government considers a substantial expansion in export earnings to be of great importance. Exports enable the country to pay for critical imports, new technological inputs and setup the pace of economic development. International trade necessarily requires interaction with governmental agencies, and most all governments wish to expand their country’s role in international trade, entrepreneurs can look to governments themselves for a great deal of information. There are some non-governmental resources to expand the knowledge of entrepreneurs about international trade
• The federation of international trade associations provides portals to trade leads, market research, a global trade shop and even a job bank.
• Search engines such as google or yahoo provide a huge database of information that will require selectivity to retrieve the most helpful information.
• The large network of international trade market places, providing trade leads and new business contacts.
INTERNATIONAL BUSINESS SCENE For an Indian entrepreneur to go to international business is not easy, they has to cross many hurdles. India is a small player in overall global exports. Exports from India value wise are less than 0.8%. Exports from India since last two years are growing by 20% despite low growths in agriculture and industry. The external factors that affect lower growth rates are:
• Recessionary conditions in USA.
• Low or no growth in Japan.
• Distributing conditions in west Asia.
• Progressive
• The federation of international trade associations provides portals to trade leads, market research, a global trade shop and even a job bank.
• Search engines such as google or yahoo provide a huge database of information that will require selectivity to retrieve the most helpful information.
• The large network of international trade market places, providing trade leads and new business contacts.
INTERNATIONAL BUSINESS SCENE For an Indian entrepreneur to go to international business is not easy, they has to cross many hurdles. India is a small player in overall global exports. Exports from India value wise are less than 0.8%. Exports from India since last two years are growing by 20% despite low growths in agriculture and industry. The external factors that affect lower growth rates are:
• Recessionary conditions in USA.
• Low or no growth in Japan.
• Distributing conditions in west Asia.
• Progressive