Impact of globalisation on entrepreneurial enterprises in the world markets

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. © 2005 Inderscience Enterprises Ltd.