Entrepreneurship: Entrepreneurs to Win Their Sustainable Competitive Advantages within Globalization Era

Authors

  • Lenny Gunawan Universitas Ciputra

DOI:

https://doi.org/10.21512/tw.v12i1.682

Keywords:

globalization, entrepreneurship, market’s efficiency, sustainability competitive advantage

Abstract

The purpose of this paper is to discuss globalization’s impacts on the world’s financial characteristics today. The findings inform that globalization promotes entrepreneurship because through globalization, financial markets have grown to be more efficient and flexible which can be seen through lower transaction costs, less binding financial regulations than before, less governments’ intervention within private sector and national economy structures, increasing number of market participants which leads to more access to information. Thus, globalization does create a better environment for entrepreneurs in achieving their competitive advantages and further to sustain them. This research was done by collecting data from papers, journals, modules, and internet databases. The data was analyzed and then concluded. Having applied the analytical process, it can be concluded that globalization does promotes entrepreneurship because it enables entrepreneurs to gain greater benefits at a certain degree of freedom than before in order to achieve and maintain their competitive advantages.

Author Biography

Lenny Gunawan, Universitas Ciputra

Department International Business Management

References

Brown, S. L., & Eisenhardt, K. M. (1998). Competing on the Edge: Strategy as Structured Chaos. Boston, Massachusetts: Harvard Business School Press.

FinanceProfessor, (2007) Market Efficiency. Online, retrieved on 20 February 2008, from http://www.financeprofessor.com/488/notes/market_efficiency.htm

Hill, C. W. L. (2007). International Business: Competing in the Global Marketplace. New York: McGraw-Hill International Edition.

IMF (1997). World Economic Outlook: Globalization Opportunities and Challenges, Washington, D.C.

OECD (1999). Fostering Entrepreneurship. France: OECD Publishing.

Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. Free Press.

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Published

2011-03-31
Abstract 383  .
PDF downloaded 164  .