International Entrepreneurship: Starting, Developing, And Managing A Global Venture , 2nd Edition Solution Manual

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Hisrich, International EntrepreneurshipInternational Entrepreneurship:Starting, Developing and Managing a Global Venture2ePart 1International Entrepreneurship and Entrepreneurship OpportunitiesChapter 1Importance of International EntrepreneurshipQuestions for Discussion1.What are some differences between domestic and international entrepreneurship?International entrepreneurship requires the consideration of a multitude of factors that willimpact the business decision making process. These factors include:The Economicsof the new market and how that market’s economy will be able to supportthe new product or service being introduced.The Stage of Economic Developmentthat that market is in and whether it is in the rightstage for this business.The Balance of Paymentsin a country and its impact on currency exchange rates,Type of Economic Systempresent in that country and how a foreign would go aboutentering the market.Political-Legal Environmentand how laws and regulations are created and enforced.Cultural Environmentof the country and how that country’s cultural practices differ fromyours.

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