A new breed of ‘global entrepreneur’ has developed, as an increasing number of start-ups are operating across borders, according to Daniel J. Isenberg, writing in Harvard Business Review.
These days, says Isenberg, entrepreneurs don’t automatically buy raw materials from nearby suppliers or set up factories close to their headquarters.
Instead, because political and economic barriers have come down and vast quantities of information are available at their fingertips, they seek out the world's best manufacturing locations, scout for talent across the globe, tap investors wherever they may be located, and learn to manage operations from a distance.
However, the author's research shows global entrepreneurs face three distinct challenges: distances, differences in cultural contexts, and paucity of resources.
Source
The Global Entrepreneur
Daniel J. Isenberg
Harvard Business Review