ENTREPRENEURIAL EXPANSION

Entrepreneurial Expansion

Abstract

This paper discusses the means by which a locally successful business can expand across the borders. It examines the strategic leadership, the challenges of taking the business abroad, the current environment of business in the U.S. and the suitable business model for expansion.

Table of Contents

Abstractii

Strategic Leadership Skills1

Evaluating the Leaders2

Challenges for International Expansion3

Current Level of Entrepreneurial Activities in the United States4

Expansion Model5

Amounts of Investment and Expenditure in the Acquisition of Franchises6

Initial Franchise Fee or "Canon" Of Entry6

Local Adaptation and Remodeling6

Working Capital7

Reference8

Entrepreneurial Expansion

Strategic Leadership Skills

Strategic leadership is a multidisciplinary concept. The foremost academic journal on the topic, The Strategic Leadership Quarterly, asserts that it is an international journal of the political, social, and behavioral sciences, indicating the breadth of the disciplinary subjects where the concept is discussed. Within this range of subjects, much of the cutting-edge strategic leadership research is focused on strategic leadership in the business world and, more specifically, strategic leadership in organizations (Brush et al., 2008). As with any topic, this literature has its own competing perspectives and initially bewildering terminology—LMX theory, MLQ tests, and so on. However, during the last couple of decades, the dominant paradigm in this area has been the charismatic or transformational approach. More recently, there has been a shift towards a "post heroic" model of strategic leadership that emphasizes the relational strategic leadership more dynamic than individualism (Baum & Locke, 2004).

Although the study of strategic leadership in certain areas is characterized by a coherent body of literature with its own history and terminology, the study of strategic leadership from a governance perspective, i.e., strategic leadership from the perspective of political science, public administration international relations, political psychology and related disciplines and sub disciplines, remains underdeveloped. Barbara Keller and Scott Webster man said in 2001 that academic work in the public sector strategic leadership is conspicuous by its absence. This is perhaps surprising in the sense that the focus of transformational strategic leadership was originally made by James Macgregor Burns, former president of the American Political Science Association, in a 1979 book that focused exclusively on political leaders. The task for students of strategic leadership from the perspective of the government is trying to make the concept more systematically and operationalize it more rigorously.

There was considerable interest in the concept of strategic leadership from the perspective of governance in the years 1970 and 1980. However, this literature failed to establish a sub-discipline of strategic leadership studies and lacks a paradigmatic approach to political strategic leadership emerged. Since then, the systematic study of political leaders has gone into disuse. As a result, strategic leadership from the perspective of governance remains deeply into theory. For example, there is no agreement on the definition of political strategic leadership. Keller Webster man and state that a leader or create change or strive for it. By contrast, Jean-Pascal Dales wrote that the relationship of strategic leadership involves two-way interaction, from top to bottom and vice versa. Burns provided a general definition when he wrote that strategic ...