Global Entrepreneurship in Motorsport as an Incentive to the Development of the National Automotive Industry

A. Ilin ()

Journal of Modern Competition, 2017, vol. 11, issue 3, 53-64

Abstract: The article focuses on entrepreneurship internationalization phenomena that accompany global economic processes expressed in shaping of diverse cross-border corporations forms. Models and methods systematization of business internationalization is put forward, business internationalization levels are defined as in the case of a global company «Formula One», and its impact on the global motor vehicle development is considered. Interrelation of the countries hosting «Formula One» and the number of the cars manufactured is shown as well as nominal rate of gross domestic product. By means of scientific literature analysis concerning internationalization, the author brings into sharp focus the key reasons for business internationalization phenomena stepping up. For the first time in economic science «Formula One» is considered through the prism of international business and defined as a business structure which uses the eclectic model of Danning in the world market in the conditions of internationalization as it uses in its business activity specific advantages of itself and the owner; resources of national and local entrepreneurial structures in the field (the location of direct investment effect and internationalization advantage). It is revealed that, the so-called absolute advantage which is limited in international trade in uniqueness and originality of the product was the main reason for international company «Formula One» internationalization.

Keywords: entrepreneurship; entrepreneurial environment; internationalization; globalization; international business; geographic diversification; infrastructure (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.moderncompetition.ru/jour/article/view/755 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:snr:mdrcmp:v:11:y:2017:i:3:p:53-64

Ordering information: This journal article can be ordered from
https://moderncompetition.ru

Access Statistics for this article

Journal of Modern Competition is currently edited by Yury Rubin

More articles in Journal of Modern Competition from Synergy University
Bibliographic data for series maintained by Synergy University Maintainer ().