Make sure there is one foreign student in each small group. The group needs to discuss, and then report back to class on, the nature of business and entrepreneurship in the foreign student's home country. Such a discussion should include the country's (a) stage of economic development, (b) political-legal environment, (c) cultural environment, and (d) technological environment. Also explore how entrepreneurship and business failure are perceived in this country.
Is going international something that only large and established firms should pursue after they have achieved success in its domestic market, or should entrepreneurs think about international markets "right off the bat?" Which sorts of products are more amenable to going international by small and new firms?
We typically focus on firms from well-developed economies entering markets of less developed economies. Do firms from less developed economies have a chance of success if they enter developed markets, such as the United States? What competitive advantage could a firm from a less developed economy rely on in entering developed markets? What would likely be the best entry mode?
