Skip to main content

Posts

Showing posts with the label global supply chains

Enhancing Entrepreneurial Clusters with Global Supply Chain Networks

Global entrepreneurship is a concept that has made its way into recent economic literature. Small business has the opportunity to reach geographically dispersed customers that was not possible just a few decades ago. These entrepreneurs work within clusters and rely on effective supply chains to ensure that products are distributed to end users. Research by Wu, et. al. (2010) presents a framework for understanding global entrepreneurship where supply chain management serves as a platform for resource collection, market development, and risk mitigation.  Before one can effective discuss the mechanisms of global entrepreneurship it is beneficial to understand what the term means. Fundamentally, entrepreneurs focus on value creation, development of new products/services, sparking ventures, and encourage market innovations (Brush, et. al., 2003). Entrepreneurs can exist within organizations or own small businesses.  It is also possible to see entrepreneurs as the un-academic