A social entrepreneur also called a ‘public entrepreneur’ is a person of a great sense of accountability, who engages in an unending innovation and learning to lead a social entrepreneurship. The current trends in the social entrepreneurship involve the hiring of people who have lost hope in life, maybe because they are ex-convicts or are homeless and then change their lives through involving them in entrepreneurship activities.
The European Union according to Kuratko (p.91) is one of the economic forces that are open for entrepreneurship expansion. It is both economic and political union that was fully fledged in 1992 but was founded in 1957. The union has 27 members, however, Britain voted for pro exit after the Brexit which was held in June 2016. The EU is a real economic force since it has a wider market. Another economic force is the North American Free Trade Agreement (NAFTA). NAFTA was founded to remove the barriers between the US, Canada, and Mexico. This frontier provides the best opportunities to expand an entrepreneurship venture in the United States. Finally, the World Trade Organization (WTO) which is located in Geneva is a force that can be used to expand in business. Since it was founded in 1995, its membership nations have risen from 76 to 1995 providing the biggest market for trading (Kuratko, p.93).
There are five methods that an enterprise can apply to ‘go international.’ Exporting and importing are the two main ways. Importing goods mean that a company brings in goods from another country with the aim of domestic consumption. Exporting is where an organization decides to participate fully as a seller rather than a buyer in the international market. Other methods of going international include joint ventures, direct foreign investment, and licensing.
Work cited
Frederick, Howard H., Donald F. Kuratko, and Richard M. Hodgetts.Entrepreneurship: Theory, process, practice. Nelson Australia, 2007.
