The Entrepreneurship Of Emerging Economy Essay

The Entrepreneurship Of Emerging Economy Essay

Length: 1668 words (4.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Distinctiveness of entrepreneurship in emerging economy
Among limited numbers of research on emerging economy entrepreneurship, some have provided the framework of identifying the distinctiveness of entrepreneurship in emerging economy including the uniqueness of venture formation, finance source, human capital. Lingelbach, Vina, and Asel (2005) identified three key distinctions of entrepreneurship in developing countries including opportunity, financial resources, and apprenticeship and human resources. More specifically, their research indicates that entrepreneurs in developing countries or emerging economies tend to have more opportunities and broader scope of business. Because emerging economies lack mature market structure and consistent regulations, entrepreneurial opportunities or chance of starting a new business are more pervasive comparing with those in well-developed western economies. More interestingly, entrepreneurs in emerging market are more likely to initiate their business downstream with direct access to end customers since inadequate access to capital and inefficient and fragmented distribution channel. This bottom up entrepreneurial development model has created more interlocking business conglomerates in emerging economy. When comes to financial resources, differ from entrepreneurs in developed countries who mostly relay on stable external funding including venture capital, bank loan and private equities, entrepreneurs in emerging markets start their business with more informal financial sources which provide between 87% to 100% of the capital raised by entrepreneurs(Bygrave, 2003). Since start-up capital requirements are relative modest in emerging economy (Bhide, 2004), it is quite possible that entrep...

... middle of paper ...

...eneurship research in emerging economy and most of them are subject to change or need further materialization. I believe with more systematic studies in strategic management at PhD level and deeper research on entrepreneurship in emerging economy, I will be able to create more valuable knowledge in the field of management and international entrepreneurship. Bentley’s PhD program provides candidates the great opportunity to work with and learn from such well-respected scholars in the field of entrepreneurship as Professor Tatiana Manolova. Her remarkable research work on international entrepreneurship especially the institutional context of entrepreneurship in emerging economy, new firm creation process and competitive advantages of new and small firms has made her the leading force within this field and with her guidance I know that I will succeed in this program.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Entrepreneurship And How It Affects The Economy Essay

- Rough Draft Entrepreneurship and how it affects the economy Entrepreneurship is great for the economic growth of one country. The numbers of entrepreneurs in one country have a correlation of the wealth of the country as it generates cash flow and creates jobs opportunity it also increase competition in the market. All this benefits the economy of the country and is the essence of capitalism. Entrepreneurs are responsible for a huge part of the small business sector and the small business sector is a huge industry by itself....   [tags: Entrepreneurship, Venture capital, Business]

Better Essays
1050 words (3 pages)

Essay on Low Entrepreneurship in South Africa

- Entrepreneurship is as vital as blood to the sustainability of any body of people that make up a nation. The trends in this nation go from alarmingly large gaps between the rich and the poor (57.8% highest in the world) to the highest unemployment rates in sub-Saharan Africa which translate into a need for about 5 to 6 million jobs. Defined as “the act of initiating, creating, building an entrepreneurial team, and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain” (Van Aardt, 2011), entrepreneurship, amongst other things, is the only way that the before mentioned gap can be eradicated increasing the competitiveness of our nat...   [tags: Entrepreneurship, FNB, BEE]

Better Essays
1284 words (3.7 pages)

Informal Economy and Poverty Alleviation Essay

- Subject area Any sovereign state is to some extent concerned about the existence of informality in its economy. Although the subject of informal economy is broadly presented in interdisciplinary research, it remains understudied, especially from an entrepreneurship perspective in developing context (Castro, Khavul, & Bruton, 2014). At the same time the problem of poverty alleviation is particularly up-to-date in the light of millennium development goals, first of which is eradication of extreme poverty and hunger....   [tags: social capital, informal economy]

Better Essays
1424 words (4.1 pages)

Entrepreneurship in the Brazilian offshoring industry Essay

- Case 1: Entrepreneurship in the Brazilian offshoring industry Brazil is one of the nations included in BRIC (Brazil, Russia, India, and China). In the past, Brazil’s outsourcing industry has been the smallest of the four BRIC nations. This is very surprising due to the close proximity to the United States and the current trend of “near-shoring”. However, due to recent governmental backing and inflows of capital Brazil has begun to improve and could possibly overtake Russia, India and China in the offshoring industry....   [tags: Brazil]

Better Essays
2137 words (6.1 pages)

Innovation and Entrepreneurship in the United Arab Emirates Essay

- ... Isharq provides training assistance for people emerging from drug addiction, and this serves to sanitize the society by addressing stringent issues to do with drug and substance abuse. Sougha, which has previously been discussed, promotes the preservation and progression of indigenous cultural heritage among Emiratis. Amal is perhaps the most specific of all programs as it aims to familiarize persons with disabilities of selected business sectors wherein their expertise, talents and innovations could best flourish....   [tags: Sougha program, Kalifa Fund programs]

Better Essays
1697 words (4.8 pages)

Essay about Elements of The Global Economy

- The current account deficit of the U.S. has been growing at an increasing rate due to factors such as high oil prices, imports growing slightly faster than exports, and the low U.S. savings. We should be concerned over the long run because these trade deficits are overwhelmingly large in comparison to U.S. GDP and to the small U.S. export base. This concern in increasingly large deficits implies an even greater increase in the U.S. net external indebtedness and external balance. U.S. has sometimes relied on dollar depreciation to reduce the current account deficit....   [tags: Economics]

Better Essays
2129 words (6.1 pages)

How Creativity And Innovation Are Essential Parts Of Entrepreneurs, Making A Strong Base For Achievement And Success

- The words creativity and innovation can be heard in the many types of media in day to day life. Here, we will discuss how creativity and innovation are essential parts of entrepreneurs, making a strong base for achievement and success. Drucker (1985) advocated that innovation and creativity is a tool of entrepreneurship. In this essay, some of the examples which support this argument will be discussed . Firstly, creativity is the use of human imagination to create new and different things. Creativity also allows a person to think out of the box which results in innovative or different paths to specific tasks....   [tags: Entrepreneurship, Joseph Schumpeter, Innovation]

Better Essays
1052 words (3 pages)

Essay about My Desire For A Education

- I do not have to sacrifice my desire for a well-rounded education for a BA. This is why Georgetown’s Jesuit philosophy falls perfectly in line with what I want out of my undergraduate experience. I want to fulfill my long-time interest in business while simultaneously exploring all my other interests in mathematics, economics, entrepreneurship, and history.While some people might find the core curriculum a burden, I find it intriguing. In highschool, I took a wide variety of classes instead of focusing in one area....   [tags: Entrepreneurship, Management, Entrepreneur]

Better Essays
718 words (2.1 pages)

How Entrepreneurship Is Important For The Economy Essay

- In the thirteenth-century, entreprendre, a French verb was originated to mean “to do something” or “to undertake.” By the sixteenth century the word, entrepreneur was formed. Entrepreneur was a word created to refer to someone who undertakes a business venture. An entrepreneur can be described as someone that takes risks in developing, managing and organizing a business or enterprise. Every entrepreneur weighs the risks involved against potential profit to be gained. When they think the gain outweighs the risk they take every opportunity to execute their idea....   [tags: Entrepreneurship, Business, Entrepreneur]

Better Essays
1290 words (3.7 pages)

Essay about The Teachability Dilemma' of Entrepreneurship

- Entrepreneurs are a very, or perhaps the most, important boost in our economy. They do not only take the risk for the sake of a business, but also they provide our economy with employment opportunities and culture. A society can only be prosperous only when it rewards and encourages entrepreneurial activity because in fact, it is the entrepreneurs and their activities that are the critical factor for success, prosperity, growth and opportunity in any given economy. Entrepreneurship is not easy and it comes with its own risks and up and downs....   [tags: entrepreneurship, business, economy]

Better Essays
1286 words (3.7 pages)