CNU Differences Between Domes

From the End-of-Chapter Questions for Discussion, please answer the following:Maximum of 5 pages, single space, font 12 Times Roman

Use bullet points for easier writing and reading. Thanks

1.What are some differences between domestic and international entrepreneurship?

2.As discussed in class, a new phenomenon over the last 20 years has been the surge of “born global” firms. Define the term, provide examples and explain the competitive edge of these firms.

3.Why does an entrepreneur need to be aware of the culture of the country that he or she is entering into?

4.Michigan Machines CEO Mike just signed a US$10 million contract to sell small engines to an Italian firm. Delivery will take place in 1 month, but he does not expect to receive his payment in euros for 3 months. What are the potential risks? How could he mitigate these risks?

5.What types of information should entrepreneurs collect before deciding on which foreign market to enter?

6.What are the key sections of the International Business Plan and why?

7.What factors should an entrepreneur consider when deciding on an entry strategy?

8. Take one of your product ideas and outline how that product will be carried through from the idea stage to commercialization.

9. What components, besides salary, are important parts of a compensation package for an expatriate assignment?

10. Describe the different organizational structures and at what stage in the venture they might be best for an entrepreneurial enterprise?

11. For a fictitious company of your own creation (not the firm selected for your Group Project), please write the following (10 pts each, 20 points total):

A.The Elevator Pitch

B.Describe the Business Model, explaining why it will produce a steady flow of profits. Focus, on issues such as unmet demand, target market, innovative features, etc.

12. Fill in the blanks for the following hypothetical Shark Tank episode (10 pts each, 20 pts total)

The candidate is asking for $250,000 for 10% of her company.

Estimated profits per year are $125,000

A. The candidate is valuing her own company at _____________

B. it would take ______ years for the Shark investor to recoup his investment

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