Entrepreneurship. Validity of Claim in Emerging Markets and Assignment

Entrepreneurship. Validity of Claim in Emerging Markets and Stakeholder contribution in making Claim Realizable - Assignment Example The market itself has also been a focus of discussion to identify key conditions and factors that make businesses succeed on emerging markets. Getting to the later part of the series of lessons, there was focus on the role that various non-governmental agencies play in emerging markets to ensure that businesses operating in these markets experience success. As Dr. Yunu makes this all important claim of how each person is a potential entrepreneur, the various ideas developed over the weeks can be summed up in reasoning with Dr. Yunu. In this integration paper, two major issues are discussed. The first is the potential that the statement of Dr. Yunu has in becoming a reality in emerging markets, and the level to which various stakeholders have played their role in facilitating entrepreneurship and Dr. Yunu’s idea. Validity of Claim in Emerging Markets Generally, there has been a realization that most people who are entrepreneurs in various emerging markets, particularly in N-11 countries are not people who are world acclaimed entrepreneurs with records of setting up blooming and flourishing multinational companies around the globe. Considering various business plans, it would be noticed that most of these entrepreneurs are ordinary degree holders in various subject areas, with some kind of zeal to succeed (Dib, da Rocha and da Silva, 2010). In relation to the statement of Dr. Yunu therefore, it can be said that as far as emerging markets are concerned, there is a huge level of possibility of the claims to be reality. Having said this however, lessons from previous weeks’ discussions on leadership qualities would also bring in a word of caution that as much as all people would want to attempt to be entrepreneurs, it is important that efforts are made on the need to learn and acquaint oneself with key leadership and entrepreneurship skills when operating in an emerging market (Naude and Rossouw, 2010). The fact that most emerging markets are not very developed must not be a reason or a cause for entrepreneurs to overlook the kind of competition they can present their businesses with. Stakeholder contribution in making Claim Realizable The weeks gone have also been very useful in understanding the roles that governments and other stakeholders such as nongovernmental organization have to play and have been playing in various emerging markets. As far as governments are concerned, a lot have been said as criticism against their actions and efforts so far. For example, most governments in emerging markets, particularly the Brazilian government has been criticized for doing virtually nothing to too little in ensuring that the form of support it gives to young entrepreneurs, especially those coming from foreign countries are financial support (Cahn, 2008). Meanwhile, as much as the other forms of support are important and relevant, even Dr. Yunu admits that financial constraints remain the most challenging obstacle to most young entrep reneurs who would have wanted to make the advocacy of his claim a reality by opening businesses in emerging markets. Currently, the commonest forms of support that exist for various entrepreneurs come in the form of political and environmental support as against economic support (Thukral et al, 2008). For the example, the likelihood that an entrepreneur will face opposition in the opening of a new venture in an emerging market such as Brazil is highly unlikely. But except one is an indigenous or local entrepreneur, the possibility of receiving support from the government is almost zero. The reason this is so is that government sees

Expanding an MNC Essay Example | Topics and Well Written Essays - 1000 words

Expanding an MNC - Essay Example The company has a mission to satisfy the requirements of its customers. The cars manufactured by Excellent Motors are mainly light machine vehicles. The company offers cars within a wide range of price, targeting customers from middle income groups to high income groups as well. Excellent Motors have reported revenue growth over the years. In order to increase its business operations, the senior management of the company is considering expansion of the business into emerging markets. Question 2: Comparison Matrix for 3 emerging markets The three emerging markets chosen for expansion of business of Excellent Motors are China, India and Brazil. The comparison matrix for the three emerging markets is given as below: Environment China India Brazil Political The political environment in China is quite stable and has a political consensus for encouraging foreign automakers to invest in the Chinese economy. India has a multi-party political system with several opinions and intervention on t he policies of the government. Thus the political risk for expansion of the business is moderate. The political environment in Brazil is turbulent for the foreign automobile investors to invest in the country. The political risk of Brazil is on a higher side for expansion of the business. ... Due to the diverse set of sophisticated services, the foreign automakers have favored this destination. Legal & Regulatory China's legal and regulatory system has excessive number of clauses to be fulfilled by the foreign automakers which requires high startup cost and compliance cost. The legal and regulatory system of India allows moderate incentives for the foreign automakers to invest in India. There are several regulatory policies and laws on taxation for foreign automakers to invest in Brazil. Technological China is a country that has advanced technologies which would be beneficial for foreign automakers to invest in the country. India has made rapid progress in technological development due to the investments of foreign capitalists. The process for technology transfer required for investment by the foreign automakers in Brazil is relatively cumbersome. Ethical Chinese government has made ethical practices for business as mandatory criteria. The land has specific requirements f or foreign investors on ethical reporting and disclosures. The ethical standards for foreign investors in the automobile markets of India are moderate with requirements of true disclosure of business events. Brazil has also strengthened its requirements on ethical conduct of business by the foreign investors. Social responsibility The social responsibility activities of the foreign investors in China are viewed as positive contribution to the society in which they exist. The social responsibility acts of the foreign investors go a long way in creation of brand value for the companies in India. The social responsibility of the companies has helped the companies to increase their profitability in the long run. Cultural The