International entrepreneurship 3 Essay Example | Topics and Well Written Essays - 2750 words

International entrepreneurship 3 - Essay Example Consequently, the use of the term entrepreneurial opportunities begs the question on how these opportunities for investment come about and how different entrepreneurs utilize them, which serves as the basis for this paper. This is due to the ever-growing world of entrepreneurship globally and the need to understand how investments are made starting from the identification of an opportunity to its exploitation. Market Dynamics Entrepreneurial Opportunities in international entrepreneurship can be analyzed on different levels with the first being that of availability of markets to which one can expand to in order to make more business. Then main aspect in this level involves analysis of market dynamics, a crucial factor in determining how far one’s entrepreneurial skills and ventures can go. Concerning international entrepreneurship, this aspect is significant following the presence of many opportunities in the international market, and especially following then availability of many countries that invite entrepreneurs into their countries for different purposes. With market dynamics and their analysis, they determine the success rate of a venture and the availability of the said opportunities (Kor et al 2007, p.1189). For example, having a country play host for one’s entrepreneurial venture brings with it plenty of uncertainties, such that the country must in the first place have a demand for one’s services or goods prior to facilitation or provision of the opportunity. Consequently, for entrepreneurial opportunities to be deemed viable or unviable there must analysis of market dynamics as this is new venture altogether in an attempt to identify the different loopholes and strengths that are readily available. In addition, it allows to conduct feasibility studies for future investments following the presence of uncertain factors in new countries far from the home country and into the host country. Internationalization In addition, there is th e common factor of internationalization of business venture, which act as a focal point for most entrepreneurs and their entrepreneurial ventures (Oyson n.d, p.3). This is following then possibility of founding an institution and the having demand for its gods and services go everywhere into foreign nations. This could also be as a result for the need to expand one’s business in an attempt to have more sales and drive one’s venture into increased profitability. In the former case, entrepreneurial opportunities are brought about by increased demand and this call for bringing one’s venture closer to the people and to the market that is mainly marginalized. This, therefore, presents an opportunity for the entrepreneur to drive the venture into expansion in foreign lands with little or no information raising the question of market dynamics again as these must be looked into prior to taking the entrepreneurial opportunity lest it turns disastrous in losses and uncalc ulated moves. Feasibility Other factors considered in the development of entrepreneurship opportunities in international entrepreneurship include the ability to control different resources in different countries, coupled with strategic management in the said different countri