There have been transitions in the environment for product development in the last decade. This is because the organizations of the last decade have been able to obtain loans and funds from other organizations in different countries (Agwu, 2020). Moreover, there have been organizations spending in research and development more because of the availability of adequate or excessive funds. The rates at which loans are available from international banks are higher than the rates of loans which would be available (Agwu, 2020). Entrepreneurs starting new businesses can ensure that they utilize all the available financial resources as well as international contacts with existing international entrepreneurs.