Learning Objectives

At the end of this chapter you should be able to:

1.Describe how different cultures can affect entrepreneurial activity

2. Apply criteria to describe different levels of entrepreneurship in different nations, such as high and low levels of entrepreneurial activity

3. Discuss the factors that affect the level of entrepreneurial activity in different nations

4. Describe the characteristics of the process of internationalisation

5. Discuss competing theories of the process of internationalisation

6. Discuss how all entrepreneurs are affected by the global economy

7. Discuss opportunities and threats posed by the global economy

8. Describe examples of the nature of entrepreneurship in advanced, transition and emergent economies.