Business Development in Latin American SMEs : A look at entrepreneurship before COVI-19

2021 ◽  
Author(s):  
Romel Ramon Gonzalez-Diaz ◽  
Lisette Sanchez Diaz ◽  
Luis Armando Becerra-Perez ◽  
Santos Lucio Guanilo-Gomez
Keyword(s):  
Latin American ◽  
Business Development

scholarly journals Institutional learning and early economic impact results obtained by the network of business development centers in Chile

2021 ◽  
Vol 7 (4) ◽  
Author(s):  
Rodrigo Barra Novoa
Keyword(s):  
Latin American ◽  
Business Development ◽  
Lessons Learned ◽  
Support Programs ◽  
Technical Cooperation ◽  
Leading Role ◽  
Institutional Learning ◽  
Latin American Countries ◽  
Productive Development

Like other Latin American countries, Chile depends heavily on the activity of small and medium-sized companies to sustain some macro and microeconomic indicators. In particular, one of the productive development agencies that has taken a leading role in this objective is the Technical Cooperation Service (SERCOTEC). This institution has defined a set of support programs in different areas in order to meet the needs of this business segment. In this context, the article provides an overview of institutional learning, lessons learned, and economic impacts obtained by the Business Development Centers program, describing the central role of this innovative public policy that has responded actively and efficiently to the growth of the ventures and companies assisted between the years 2015-2019.

scholarly journals Fostering Global Entrepreneurship and Business Development in Latin America Using Government, Public Universities and Private SME Partnerships: The Vibrant International Trade Alliance (VITAL) Model

2019 ◽  
Vol 5 (4) ◽  
pp. p473
Author(s):  
Van R. Wood (PhD) ◽  
Frank Franzak (PhD) ◽  
Dennis A. Pitta (PhD)
Keyword(s):  
Latin America ◽  
International Trade ◽  
Latin American ◽  
Value Added ◽  
Business Environment ◽  
Business Development ◽  
Future Research ◽  
Great Promise ◽  
Resource Exploitation ◽  
Wealth Creation

Economic development requires a complex mix of markets, financial resources, and expertise. Business development in Latin America has followed a tradition of natural resource exploitation, representing a classic example of the “old economy” in today’s global marketplace. However, in order to reap significant economic and social advancements it is imperative that this emerging region embrace a value-added approach requiring increasing knowledge resources. Today, the traditional drives of wealth creation—land, labor and capital—tend to be commodities. Ideas are the now the main currency driving development. One area where ideas flourish is entrepreneurship embedded in small and medium sized enterprises (SMEs). It is here where great promise for introducing innovation and boosting competitiveness lies. This paper, based on these notions, presents a development model that integrate—1) expertise from government agencies charged with enhancing international trade and investment (AITIs), 2) public institutions of higher education (PIHEs) charged with educating the next generation of globally competitive business leaders and 3) small to medium sized enterprises (SMEs) seeking real growth in the globalized business environment leading to a “win-win” situation for all. More specifically, the authors introduce one such model—VITAL (Vibrant International Trade Alliances), and—1) overview the realities of globalization that have created unprecedented SME opportunities for emerging markets, such as those in Latin America, 2) review the importance of entrepreneurship in moving SMEs to the next level of wealth creation, 3) present an example of the model currently utilized in a globally engaged U.S state (Virginia) that has fostered SME and entrepreneurial enterprises in global markets, 4) explains how the model can apply to Latin American nations and also to partnerships between Latin American nations and their U.S. counterparts, and 5) provides managerial, policy and future research implications related to this “boundary spanning” way of thinking.

Antecedents of Stakeholder Trust in Business Development in Latin America

2016 ◽  
pp. 82-106
Author(s):  
Harish C. Chandan
Keyword(s):  
Latin America ◽  
Latin American ◽  
Business Development ◽  
Business Culture ◽  
Institutional Trust ◽  
World Values Survey ◽  
Latin American Region ◽  
Personal Trust ◽  
International Setting ◽  
Shared Norms

Trust is the expectation of honest and co-operative future behavior based on commonly shared norms (Fukuyama, 1995). In Latin American region, people who believe that most people can be trusted ranges from 4 to 19% as compared with 34% for USA and 60% for China and Sweden (World Values Survey, 2010-2014; Jamison, 2011; Cardenas et al., 2009). Trust consists of a mix of inter-personal trust and institutional trust. An understanding of business culture, national culture and religion is essential for developing trust in business relationships (Hurtado, 2010; Searing, 2013; Weck, 2013, Ransi and Kobti, 2014). Trust among various business stakeholders within a firm or between firms in a local, national or international setting is an essential component of business development activities that are rooted in the relationships between exchange partners (Barron, 2014; Taylor, 2013; Friman et al., 2002;). The monitoring mechanisms on trust, i.e., “trust but verify” are conductive to maintaining trust in a business relationship (Kusari, et al. 2014).

E-Government and Competitiveness in Latin America

2011 ◽  
pp. 380-396
Author(s):  
Pablo Valenti
Keyword(s):  
Latin America ◽  
Latin American ◽  
Economic Activity ◽  
Service Provision ◽  
Business Development ◽  
Tax Administration ◽  
Efficiency And Effectiveness ◽  
Government Capacity ◽  
Digital Equivalent ◽  
Latin American Countries

A government’s service provision to enterprises via electronic means has a significant impact on the productivity levels of such country’s economy. One of the tax procedures with the greatest impact on economic activity and government capacity to enforce compliance with tax obligations is the use of invoices. The electronic invoice is the digital equivalent of the traditional paper invoice. In recent years, several Latin American countries have begun to adopt the electronic invoice. The modernization of this tax procedure has had a great impact in increasing the efficiency and effectiveness of tax administration and in turn has fostered business development.

Business Development Opportunities and Market Entry Challenges in Latin America

2016 ◽  
pp. 256-271
Author(s):  
Luis Rodrigo Asturias
Keyword(s):  
Latin America ◽  
Social Development ◽  
Economic Crisis ◽  
Latin American ◽  
Public Expenditure ◽  
Technological Development ◽  
Business Development ◽  
Sustainable Growth ◽  
Current State

Considering Latin American economies have introduced various forms of attaining combat the economic crisis mostly through short-term policies based on credit incentive and increased public expenditure in order to revive the same; however, a long-term strategy where inclusive and sustainable growth which can be clearly discerned through innovation can play a key role prioritizing necessary. Thus in the course of this chapter create an analysis of the benefits of innovation and technological development taking into account the current state in Latin America and the possible scenarios in which technology serves as an important tool for economic and social development which translates into basic cornerstone for business and growth enhancer.

scholarly journals Concentration and Diversification of Production by Example of Major Indian Business groups

2015 ◽  
pp. 137-143
Author(s):  
M. A. Vorobyeva
Keyword(s):  
Latin American ◽  
Capital Accumulation ◽  
Developing Economies ◽  
Market Competition ◽  
Business Groups ◽  
Business Development ◽  
American Business ◽  
Industrial Concentration ◽  
Big Business ◽  
Industrial Diversification

The goal of this work is to show that in contrast with the dominating economic concept, that concentration and expansion of production in one or several neighboring industries is the natural and economically reasonable mechanism for business growth, there is an alternative model of big business development, such as the industrial diversification. In this paper we analyze the phenomenon of big capital diversification on example of Indian business groups. We assume that diversification appears to be a necessary, and sometimes the only possible way of big business development amid imperfect market competition, inherent in emerging markets. We show that the main feature of big business formation in India, due to some conditions of colonial and postcolonial development, is that capital concentration was not accompanied by industrial concentration. The factors which condition the absence of industrial concentration in the Indian business groups are: the activity of managing agencies and other specifics of primitive capital accumulation, state regulations and licensing policy, state limitations on the scale of production, tough Monopoly Act, various market distortions etc. The paper also postulates that heterogenic industrial structure predetermines organizational and managerial forms big business takes. It resumes that industrial diversification enables big business to better adjust to market and legal imperfections as well as to hedge transnationalisation risks. As a business strategy diversification is common not only to India, but to other big vibrant rapidly developing economies. The success of Asian and Latin American business groups and conglomerates is worthy of a comprehensive investigation to adopt their experience in Russia.

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