Difference between Entrepreneur and Intrapreneur Entrepreneur Intrapreneur An entrepreneur is independent in his operations An intraprenuer is dependent on the entrepreneur i.e. the owner. An entrepreneur himself raises funds required for the enterprise. The Intrapreneur does not raise funds. Entrepreneur bears the risk involved in the business. An intrapreneur does not fully bear the […]
Entrepreneurship The word “entrepreneur” is derived from the French verb “entreprendre”, which means ‘to undertake’. This refers to those who “undertake” the risk of new enterprises. An enterprise is created by an entrepreneur. The process of creation is called “entrepreneurship”. Meaning Entrepreneurship is a process of actions of an entrepreneur who is a person […]
Special Economic Zones (SEZ) A special economic zone (SEZ) refers to designated areas in countries that possess special economic regulations that are different from other areas in the same country. Moreover, these regulations tend to contain measures that are conducive to foreign direct investment. Conducting business in a SEZ usually means that a company […]
International Marketing Environment The key difference between domestic marketing and marketing on an international scale is the multidimensionality and complexity of the many foreign country markets a company may operate in. An international manager needs a knowledge and awareness of these complexities and the implications they have for international marketing management. Environmental Influences […]
World Bank The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group. The World Bank’s official goal […]
Currency crisis A currency crisis is when, serious doubt exists as to whether a country’s central bank has sufficient foreign exchange reserves to maintain the country’s fixed exchange rate. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often […]
International Marketing Today, the marketing organizations are not restricted to their national borders. The entire world is open for them. New markets are springing forth in emerging economies like – China, Indonesia, India, Korea, Mexico, Chile, Brazil, Argentina, and many other economies all over the world. In today’s global market opportunities are on a […]
SAARC SAARC or “South Asian Association for Regional Co-operation” was formed in December, 1985 at Dhaka. India, Pakistan Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives are its founding members. Afghanistan became its 8th member in 2007. SAARC is the first systematic organizational output of efforts at regional level among member states of South Asia. The […]
IPR-Intellectual Property Rights Introduction Intellectual property (IP) is a legal field that refers to creations of the mind such as musical, literary, and artistic works; inventions; and symbols, names, images, and designs used in commerce, including copyrights, trademarks, patents, and related rights. Under intellectual property law, the holder of one of these abstract “properties” has […]
TRIMS-Trade Related Investment Measures The Agreement on Trade-Related Investment Measures (TRIMS) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. The agreement was agreed upon by all members of the World Trade Organisation. The agreement was concluded in 1994 and came into force in 1995. The WTO […]
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