Globalization, Entrepreneurship and Small Business

Stan ªtefania Anca ()
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Stan ªtefania Anca: „Vasile Alecsandri” University of Bacau, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1166-1169

Abstract: New product innovation often comes from small business. Most the radical inventions of the last century, such as the computer, come from small companies, not large ones. And this will not change. Globalization will continue to modify and mold the environment or small business and entrepreneurship. The competition from abroad places strong pressure on small business in terms of efficiency, price, quality, cost, control, marketing, expertise, customer satisfaction and innovativeness. Globalization is an unstoppable phenomenon, presenting opportunities to those who are prepared and threats to those who are not.

Keywords: small business; globalization; entrepreneurship; innovation (search for similar items in EconPapers)
JEL-codes: M19 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1166-1169

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