Title: Impact of globalisation on entrepreneurial enterprises in the world markets

Authors: Sameer Kumar, Dan Liu

Addresses: College of Business, University of St. Thomas, Mail No. TMH 343 1000, LaSalle Avenue Minneapolis, MN 55403-2005, USA. ' College of Business, University of St. Thomas, Mail No. TMH 343 1000, LaSalle Avenue Minneapolis, MN 55403-2005, USA

Abstract: Globalisation has a significant impact on entrepreneurial enterprises in many ways. The changing international environment in finance, human resources, technology, politics, economics, and social conditions has created opportunities for the entrepreneurial enterprises to expand their international businesses at a much faster pace. Globalisation provides a great opportunity for entrepreneurial ventures to expand their business internationally. With the help of local governments, large corporations, and international organisations, entrepreneurial enterprises are able to confront the challenges posed by globalisation and economic liberalisation, to improve their competitiveness in the global market, and better serve the global consumers. A number of hypotheses are examined to understand how globalisation has affected the survival and sustainable development of entrepreneurial enterprises.

Keywords: globalisation; entrepreneurship; entrepreneurial enterprises; small and medium enterprises; SMEs; international entrepreneurship.

DOI: 10.1504/IJMED.2005.006026

International Journal of Management and Enterprise Development, 2005 Vol.2 No.1, pp.46 - 64

Published online: 23 Jan 2005 *

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