The global business revolution, the cascade effect, and the challenge for firms from developing countries

2007 ◽  
Vol 32 (1) ◽  
pp. 29-47 ◽  
Author(s):  
P. Nolan ◽  
J. Zhang ◽  
C. Liu
2021 ◽  
Vol 9 (1) ◽  
pp. 10-24
Author(s):  
John Amoah ◽  
Abdul Bashiru Jibril ◽  
Bayuasi Nammei Luki ◽  
Michael Amponsah Odei ◽  
Charles Yawson

Undoubtedly, entrepreneurial knowledge is a prerequisite for the survival of every business organization. To this, the contribution of Small and Medium Enterprises (SMEs) in the socio-economic development in most developing economies cannot be underestimated. Both developed and developing countries are living testimonies of their contributions to their nation’s growth and development. However, extant literature shows that as competition and innovation intensify in the global business market, many SMEs in developing countries are constrained by external forces that hinder the sustainability of these businesses.   Hence, this paper aims to find out the mitigating factors warranting SMEs’ sustainability from the viewpoint of entrepreneurs and business owners, particularly in the manufacturing sector of Ghana, a Sub-Saharan Africa region. To achieved this objective, the study deployed a simple random sampling technique with 370 valid responses through a structured questionnaire for the analysis. Relying on PLS-SEM (partial least square and structural modeling) with the aid of ADANCO 2.2.1 software version revealed that factors such as financial challenges, technology; market penetration & acceptability; and research & development are barriers facing SMEs sustainability in the Ghanaian manufacturing sector. This study would be beneficial to entrepreneurs and business owners of SMEs in most developing countries and provide deeper insight into the SME literature at large. This study would further strengthen SME entrepreneurs and business owners to fully devise strategies that can help them to override such migrating challenges and equipped them to effectively stay competitive in the long term for the firm’s growth and survival. The limitation and future research directions are equally presented in the paper.


2012 ◽  
Vol 3 (5) ◽  
pp. 180-183
Author(s):  
Alexandru Trifu

Offshore companies represent a key-link of the current operations of the multinationals, banking institutions and, even, of the small and medium enterprises (SME) and are able to perform complicated tasks in a special business environment. These jurisdictional entities offer, mainly, fiscal benefits, comparative with other types of jurisdictional entities. The advantages are targeting the enterprises or companies which establish their social headquater, or to individuals who are resident in these territories. The final scope is represented by attracting the expanding companies, by attracting capital and stimulating the rise of the necessary activities to ensure economic and social balance, so desirable in the economic games of win-win type. Therefore, we are in the presence of fine plaition of micro approach with macroeconomic one. On the first side, the desire of transnationals to obtain profits with less efforts and investments and, on the other hand, globalization (influenced by these entities) pursuit the shrinkage of all markets and businesses all around the world, inclusive using the offshores centers (or ,,fiscal paradises”). These institutions of free market are actioning both on the developed and developing countries. The last ones are affected by the imposibility of tax collect to the national budget and in the infrastructure investments. At the same time, using offshore companies in offshore zones, the multinationals gain neloial competitive advantages over the other companies, unable to spread theirs economic power and influence. We may speak about a sound offshore industry , which has turned into global business and range of activities. We try to underline the importance of the general development process in the actual world and, first of all, the direct connection beteen investments and offshore activities, in the benefit of either parties. It is an organic liaison between investments and offshore entities, including transitional hard developing countries as Romania.


2001 ◽  
Vol 41 (4) ◽  
pp. 06-14 ◽  
Author(s):  
Jorge Miguel Carrillo

Application of Western management theories in different contexts has been questioned for several decades. However, there is still no well-defined theoretical framework for understanding management systems in non-industrialized countries. This article provides some guidelines to develop these frameworks by elaborating some of the major characteristics of strategies, structures, decision-makings and management systems in Developing Countries (DC). The analysis showed evidence that the complexity of national environmental forces of DCs has made the application of Western management theories more problematic in these countries. The article concludes that global business firms should realize that it is time to stop transferring these management systems to DCs and trying to adapt their organizations to these systems and that a clinical type of approach may be more effective.


2012 ◽  
pp. 19-42
Author(s):  
Jin Zhang ◽  
Chunhang Liu ◽  
Peter Nolan

2017 ◽  
Vol 4 (2) ◽  
Author(s):  
Maja Nikšić Radić ◽  
Martina Lukinić

The transnational corporations functioning as major carriers and global business factors in today's globalized environment, are recognizable within the tourism sector through mega hotels, agencies and similar business chains. Foreign hotel chains represent now an established standard that any serious tourist destination must conform to if it is to be competitive within the global tourism market. In view of the importance given to direct foreign investments in tourism, and the expectations of the Croatian government regarding the entry of foreign capital in the tourism sector, the purpose of this paper is to discuss the role and importance of transnational corporations in tourism. The aim of this paper is to synthesize the most important effects of transnational tourism corporations on developing countries and less developed countries.


Author(s):  
Semere Haile

<p class="MsoBodyText" style="margin: 0in 0.5in 0pt;"><span style="font-size: 10pt; mso-bidi-font-style: italic; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">The global markets continue to grow in developing countries. Global markets have created new businesses and provided opportunities for global employers and individuals in developing countries. Through globalization of economies, jobs have been created which reduce unemployment rates. However, economic growth rates in Africa have been lagged behind other developing countries. This paper examines the importance of global business to Africa. Also, this study explores how African countries can strengthen their macroeconomic policies and structural reforms in order to achieve globalization of their economies. In addition, this study evaluates the current state and future direction of globalization in Africa.</span></span></p>


2011 ◽  
Vol 4 (15) ◽  
pp. 451-457 ◽  
Author(s):  
Janette Retová ◽  
Attila Pólya

Offshore Business Process Outsourcing This paper focuses on the relatively new growing industry of offshore business process outsourcing, which has provided developing countries with literate language and information technology skilled workforce with an excellent global business opportunity. The main advantages to business process outsourcing, cost versus quality and other reasons for choosing offshore outsourcer and the challenge of high industry attrition rates are briefly analysed here.


2020 ◽  
Author(s):  
Nikhil Ranjan Nayak

Global business scenario of the various green initiatives, waste recycling creates the highest positive impact on the environment. Of all the different types of waste, electronic waste has the characteristics of the fastest growing segment of waste, most valuable due to its basic composition, very hazardous if not handled carefully. However, the sector is very new with only a few corporate players in India and globally. Most of the electronic waste management sector is currently handled by the unorganized/informal sector in India. However due to lack of skills, knowledge, awareness, etc., the sector has remained highly labor intensive, environmentally unfriendly and unhealthy. If done in the right way, and in an organized fashion, e-waste management can become a dominant economic sector. As per various numbers published by various research agencies, about 20 to 50 million tons of e-waste are generated worldwide every year. E-waste comprises more than 5 % of all solid waste generated and the volume is expected to increase at a rate of 300% per annum in developing countries.


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