Transcript Document

Trends and Global Business
ENTREPRENEURSHIP AND SMALL BUSINESS
MANAGEMENT
Vocabulary
 Services
 Franchise
 Outsourcing
 Franchisee
 Strategic alliance
 Franchisor
 Corporate Venture
 Global economy
 Innovation
 Exporting
 Niche
 Importing
 Brainstorm
 Trade Barrier
 Demographics
 Tariff
 Trade Show
 Gross Domestic Product
 Values
 International Business
 Goodwill
Exchange
 Disposable Income
CHAPTER 3
Types of Businesses
 Internet
 Service
 Home-Based
 Non-Profit
How do you turn an idea into an opportunity? Use
page 50-51 to help you answer. Don’t copy what it
says, use it to determine your own answer. Type out
a paragraph explaining your answer.
Sources of Ideas
 Observe
 Realize Demographic Changes
 Ex. Rosetta Stone
 Read
 Analyze your own experiences
 Analyze outside experiences
 Magazines/Trade Shows
Start your own vs. Buying a Business
 Read pages 58-60; List advantage/disadvantages
of “Entering Family Business” vs. “Buying an
Existing Business” vs. “Buying a Franchise”
 Read the list on page 63 of “What you must do”
before starting a business. List the top two from the
list that you think would be the hardest and why.
CHAPTER 4
Global Entrepreneurship
 Complete the Venn Diagram as described on Pg. 70
 Answer the two following questions to your best
ability:


Why is importing from other countries important to an
entrepreneurs success?
How does importing hurt the American economy?
Entering Global Market
 Understanding Curve
 Showing International Respect
 Decide a product to export/import
 Finding Import/Export Opportunities
 Consider Government Regulations
 Review the “5 Things to Consider before going
Global” (Page 82)
 Answer the Critical Thinking #4 on pg. 83
 Answer Critical Thinking #8 and #9 on pg. 85