"Every generation needs a revolution an ENTREPRENEURIAL REVOLUTION."
According to Dr. Serapio on his publication, "Identifying Firm Competencies and Expertise: an International Entrepreneurial Perspective,", international entrepreneurship is a phenomenon where a growing number of entrepreneurial companies are searching and seizing opportunities in the global marketplace. Using academic buzzword, it is the intersection between "innovative solutions to solving problems" and international business, the "conduct of business across borders." (How about our Southern brothers doing business between Borneo and Jolo? Well it may be across border but not innovative? Well if they use twin Volvo Penta V8 outboard motors to power their kumpit across border,.that is innovative solution)!!
The international entrepreneurship landscape has some interesting new characteristics:
l. There is more and more participation by entrepreneurial and intrapreneurial companies. E.g. most exporters in US, have less than $l0m in revenues annually (are small companies?)
2. Most of international entrepreneurs are from emerging economies as Israel, China and India. Before most of them were from USA, UK, Sweden, and Japan. It is not true now.
3.Most of them are in the service industries (like BPO and call centers in RP and India)
4. IT has made it possible for entrepreneurs to be interconnected (its the WWW-world wide web anyway) cf the Flat World by Tom Friedman.
5. The time it takes entrepreneurial companies to migrate from domestic to international markets has shortened significantly. Before, it took companies 20+ years to go global. Now it takes about l/3 of the time to achieve the same move.
One of the recent guest entrepreneurs at Clark AGSB, Ajay of Philemexport, ,a Filipino Indian whose business is exporting Philippine food products to the Middle East, from Subic Freeport Zone (its tax free that is why) expects to double his business every year. Wow !!
According to Dr. Serapio on his publication, "Identifying Firm Competencies and Expertise: an International Entrepreneurial Perspective,", international entrepreneurship is a phenomenon where a growing number of entrepreneurial companies are searching and seizing opportunities in the global marketplace. Using academic buzzword, it is the intersection between "innovative solutions to solving problems" and international business, the "conduct of business across borders." (How about our Southern brothers doing business between Borneo and Jolo? Well it may be across border but not innovative? Well if they use twin Volvo Penta V8 outboard motors to power their kumpit across border,.that is innovative solution)!!
The international entrepreneurship landscape has some interesting new characteristics:
l. There is more and more participation by entrepreneurial and intrapreneurial companies. E.g. most exporters in US, have less than $l0m in revenues annually (are small companies?)
2. Most of international entrepreneurs are from emerging economies as Israel, China and India. Before most of them were from USA, UK, Sweden, and Japan. It is not true now.
3.Most of them are in the service industries (like BPO and call centers in RP and India)
4. IT has made it possible for entrepreneurs to be interconnected (its the WWW-world wide web anyway) cf the Flat World by Tom Friedman.
5. The time it takes entrepreneurial companies to migrate from domestic to international markets has shortened significantly. Before, it took companies 20+ years to go global. Now it takes about l/3 of the time to achieve the same move.
One of the recent guest entrepreneurs at Clark AGSB, Ajay of Philemexport, ,a Filipino Indian whose business is exporting Philippine food products to the Middle East, from Subic Freeport Zone (its tax free that is why) expects to double his business every year. Wow !!
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