Paper Title :Business Opportunities Available To Transnational Enterprenuers

Author :P.S.Krishna Rajan

Article Citation :P.S.Krishna Rajan , (2016 ) " Business Opportunities Available To Transnational Enterprenuers " , International Journal of Management and Applied Science (IJMAS) , pp. 151-155, Volume-2,Issue-4

Abstract : Transnational entrepreneurship is a phenomenon that has become possible in recent years due to revolutionary fast communication and transportation systems that allow for affordable frequent travel across countries and continents. Much like multinational corporations, entrepreneurs started exploiting opportunities between multiple countries, often expanding their business to a new market or creating a venture in another country based upon their existing networks and resources available to them from home. Transnational entrepreneurs are migrant business owners, traveling abroad for business purposes and engaged in business activities, based on ties to a foreign country. Operating in two countries exposes the entrepreneur to more sources of information and can increase the ability of the entrepreneur to make connections and discover opportunities. Studying the creation of new businesses by transnational entrepreneurs requires an understanding of the dynamic relationships that span a cross-cultural actor’s multiple fields of activity. we can introduce a conceptual framework based on Bourdieu’s theory of practice, which conceives of entrepreneurial action as guided by both structure and agency. The dialectical relations within the configuration of habitus, field and capital, are crucial for the understanding the creation of TE practices and their complex and sometimes contradictory values and outcomes. The concept of habitus, an analytic construct explains the link between individual practices and the rules, structures and social categories which generate certain action, particularly helpful in understanding TE. We contribute to the notion of habitus in examine the spatial dimensions of habitus by studying situations whereby individuals possess two or more geographical contexts from which habitus is derived and put to use. Aim of this study: How transnational entrepreneurs use their dual background to recognize business opportunities. Finding a response to this research question would not only contribute to the literature by providing empirical data, but also allow us to judge, whether the transnational entrepreneur‟s background in fact adds value to ones opportunity recognition skill. This research adopts a case study approach to understand and analyze how the transnational entrepreneurs use their dual-background to evaluate and discover opportunities. Methodology: The methodology is to study the approach followed up by a pilot case study, sample selection, data collection and method of analysis. Conclusion : Based on the analytical approach, we can conclude that TE as a complex of cross-national fields with the social actor’s habitus consisting of dual cultural, institutional and structural features, schemas and resources, through which entrepreneurs can formulate their strategies of action. The position of transnational entrepreneurs in their respective fields provides them opportunities and resources, from which they construct their cultural and social “tool-kit-of-a-kind.” Thus the economic, social and cultural capital and the available resources at their disposal, make them strive to exert power over the organizational field at particular points in time to achieve individual and societal objectives Keywords— Cultural Assimilation , Dynamic Relationships, Entrepreneur Gain, Habitus, Migrant business owners.

Type : Research paper

Published : Volume-2,Issue-4

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