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INTERNATIONAL ENTREPRENERSHIP

INTERNATIONAL ENTREPRENERSHIP. By Elisante Ole Gabriel (Tanzania) egabriel@edenconsult.net, www.olegabriel.com +255-784-455-499. INTERNATIONAL ISSUES. Motivating factors: The decline of trade barriers (E.g EACU – Jan 05) Trading blocks: Eg. EU, SADCC, NAFTA, etc

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INTERNATIONAL ENTREPRENERSHIP

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  1. INTERNATIONAL ENTREPRENERSHIP By Elisante Ole Gabriel (Tanzania) egabriel@edenconsult.net, www.olegabriel.com +255-784-455-499

  2. INTERNATIONAL ISSUES Motivating factors: • The decline of trade barriers (E.g EACU – Jan 05) • Trading blocks: Eg. EU, SADCC, NAFTA, etc • Market size: Eg. China, India, etc

  3. The International Environment • Global Thinking – Glocalization • Market Attractiveness • Competition • Technology • Cultural aspects • Political embargo • Incentives by WTO (formally GATT) • Language, Time zone, Location

  4. TRADE ORGANISATIONS WTO -World Trade Organisation (Over 100 Countries) • Import Tariffs will be reduced by 33% • Import quotas will be modified to improve importation • Intellectual property right to be protected on overseas market to reduce piracy • To reduce the level of local content in goods

  5. ORGANISATIONS CONT.. European Union (Founded in 1957) • Elimination of Custom duties within members • Free flow of goods • Creation of common trade policies • Free movement of labour • Monetary and fiscal coordination (Eg. Euro)

  6. Methods of Internationalization • Importing (Clearing Agent might be needed) • Exporting House/Company • Joint Venture • FDI • Licensing • Franchising • Strategic Alliance

  7. Finally Conclusion • The Entrepreneur needs to be sophisticated • Risk analysis is very important • Never think you are operating in isolation – Watch out the reaction of your competitors • Go to international markets when and if you do find it lucrative for a longer period compared to local markets.

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