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Naman Mehta 20 Articles
Naman Mehta 20 Articles
20 articles
Entrepreneurship
Naman Mehta
10/18/2010
India has the long run advantage:
This article basically talks about the findings by Ryan Streeter’s, where he talks about Indian
and Chinese entrepreneurs. He backs his finding on the bases of the political system that both
countries have. Ryan finding’s show that Indian entrepreneurs are more alike American
entrepreneurs.
He has given a very diplomatic view regarding the success of an entrepreneur in both the
nations. He says both the nations have downside to entrepreneurship, in India it is hampered
by an entrenched bureaucracy, whereas in China is monitored by an apprehensive autocracy.
Moreover, in the end he comes to the conclusion that India has better prospects backing with
the conclusion that India has a sound legal and financial system, which is more or less
inherited from the British, which would definitely give Indian entrepreneurs an edge over the
Chinese entrepreneurs.
Start-ups On a Shoestring:
This article basically talks about the entrepreneurial traits. It says creativity, commitment and
resilience are three important things that can turn a small investment into an impressive
business. It talks about how hard work and money are interdependent. Either more hard work
or less money or less hard work or more money is required for a business to be successful.
Some of the major findings in the articles are that 50% of the start ups are closed within 5
years of commencement that is basically because of capital. It talks about how internet and
technology has made life of an entrepreneur easy. Some important facts like on an average
about $65000 are required for setting up a business and cost are higher for fields like
construction, retail and manufacturing which comes between $98000 to $175000.
Aiding Entrepreneurs
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309&VName=PQD
This article basically talks about the industrial revolution in Bangladesh. It throws greater
insight about the booming economy of Bangladesh. The articles talks about how the
industrial revolution of 1971, made people come out of slavery to become entrepreneurs, thus
helping Bangladesh to have the robust growth it has till date. The current rating of
Bangladesh in terms of commerce and trade has improved a lot. This has also showed the
evolution of SME concept in Bangladesh that is the small and medium enterprises, resulting
in robust growth of trade in the country. This all demonstrates that there has been tremendous
entrepreneurship development in Bangladesh which over the last few decades has generated a
stable economy for the 150 million people of the country.
Nano Technology:
This article enlightens us about the fact that today’s world is all about creating “Value-added”
products which could be sold for much more than what is required to make them. This could
be backed by the example of Sony Walkman in the 1970s, Microsoft’s Windows in the
1990s. The knowledge this article is imparting is that today is the world of “Nano-
technology” and scientific innovation which could drastically result in gigantic results for a
company.
Scientific innovation is the most likely source of valuable new products. As we wait for the
next big tech jump from nano-technology--biologist and entrepreneur Craig Venter's
"synthetic life," for example--we can reap immediate rewards from innovation in biotech,
agritech and greentech.
The U.S. Needs Its Own Industrial Policy; China's government incubates business with
capital and other incentives. So should America's.
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309&VName=PQD
Today’s world is changing and this is good news for the small entrepreneurs because “Super
angels” are coming to their rescue. As per the findings this new breed of entrepreneur are
actually investing in Start-up projects to boost the confidence in people, in a way creating the
environment where more and more people will emerge as entrepreneurs. However this could
have been done by the government which helps only by ways of loans which is yet to be
revolutionized. However now the American government could witness the need to develop
dynamic new businesses to prove American-style capitalism isn’t second-rate.
Social Entrepreneurship:
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309&VName=PQD
This article gives one the feel of social entrepreneurship. One thing that I would like to take
from this article is that social entrepreneurship needs to be looked upon by people. This is
one of the ways we as humans can give back to the society. This is a short story of an
engineer who had a very different approach towards life; he wanted to be entrepreneur as
well as wanted to give back to society by working for the welfare of the needy.
This article basically talks about the importance of Networking. Most businesswomen
understand, academically, that networking is an important device for business growth.
However, networking also can offer crucial opportunities for creating a much-needed support
system for women at any level of business ownership. For every entrepreneurial type,
networking is as significant to the business as strategizing, paying bills, and marketing.
Based on professional market research of more than 3,500 women in business, this study
shows that each type of business owner has a unique approach to running a business and
therefore each one has a unique combination of needs. This article outlines two of the five
types and provides important tips about why networking is important to each one, and about
how each one can do it effectively.