What are the Main Challenges Entrepreneurs Face on the Global Arena and how to Deal with them?
Entrepreneurial activity is the most risky one, because it involves a lot of problems that entrepreneurs must face while managing the business. In this essay we want to highlight the most common and problematic challenges such as traditions of different nations and their point of view, unstable economic standard of life in different countries, law abiding and an unfair method called dumping.
All over the world there are a lot of nations, a lot of traditions. One of entrepreneurs` objectives is to learn as much as possible about the traditions and cultural habits of those countries where they live and operate. It is also necessary to do very serious marketing analysis of certain markets where the business is planned to be run. If we compare European market and the one in the Middle East, it becomes obvious that they are completely different. The products in European market have fixed prices which is not the same, for example, in Turkish market, where customers and sellers make a deal about prices.
Religion can also influence labour efficiency. …
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