TY - JOUR T1 - Chinese Entrepreneurs Go Global JF - Technology Innovation Management Review Y1 - 2012 A1 - Daniel Zhou KW - China KW - entrepreneurship KW - familism KW - go global KW - guanxi KW - Kirzner KW - Schumpeter AB - China may be on the tipping point of explosive global growth. In response to changes in the global economy and an economic slowdown domestically, hundreds of thousands of Chinese SMEs are being encouraged to “go global” by their central and local governments. To a Chinese company, going global requires the expansion of its existing business in other countries or the development of new ventures with partners operating in other countries. Explosive growth in China may be possible, but it will depend on an appropriate strategy for going global. For a country that has firmly established itself as an international manufacturing hub, going global requires a shift in its entrepreneurial capacity, which is the focus of this article. We first assess the current situation in China to understand its current entrepreneurial focus and capacity, as well as the impetus for change. Next, we contrast the Kirznerian and Schumpeterian views of entrepreneurship to illustrate that – to go global – Chinese entrepreneurs must shift from an emphasis on exploiting pricing inefficiencies (i.e., Kirznerian entrepreneurship) to an emphasis on innovation (i.e., Schumpeterian entrepreneurship). Finally, we examine unique characteristics of the business environment and culture in China, which are likely to impact the ability of Chinese entrepreneurs to go global. PB - Talent First Network CY - Ottawa VL - 2 UR - http://timreview.ca/article/524 IS - 2 U1 - Carleton University Daniel (Dongyang) Zhou is a software designer at Ciena Networks; prior to this, he has worked at a variety of technology-based companies, including Alcatel-Lucent and Nortel. He is also a Master’s student in Carleton University’s Technology Innovation Management program. His interests include open source business, strategic planning for technology-based SMEs, and international business between China and North America. Daniel was born in China and came to Canada in 2001, which gives him perspectives on both Canadian and Chinese cultures. He graduated with High Distinction in Electrical Engineering from Carleton University in 2007. ER -