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Reaction Paper: 3rd Week of February, 2013
(Corporate Foreign Policy in Times of War: Don’t Think Global – Think Regional; The Rise of Generation C; Globalism vs. Nationalism vs. E-business: The World Debates; Taking Wal-Mart Global: Lessons From Retailing’s Giant; The Challenges of Balance; How to Be an Outsourcing Virtuoso)
Think big. Dream big. Start small. A present entrepreneur starts from almost nothing, yet in the end still proves herself to the world. Culture varies from anywhere around the globe. If an entrepreneur takes risk on putting up a business outside her hometown, she should be able to catch the “kiliti” of the folk’s men. Once she gets what the interests of the people residing are, it’s the time where she can put up a business and develop a product that will definitely hit the market. The research and development of every business firm should be continuous. It should not stop as the business starts to operate. It is a continuous process and should be present among entrepreneurs. Production of products in the multinational level causes variance between different countries. McDonald’s is a good example for me. McDonald’s to be able to reach its Filipino target markets changed its recipe and servings. Also, in Hong Kong and Singapore, McDonald’s offer rice burger which is very rarely seen in McDonald’s store rather the stores in the Philippines.
Generation C connects to the world by the use of internet. Internet serves as a gateway for people to know the culture of other nationalities much easier. The entrepreneur can save money from refraining from travelling to other country and conduct their studies and ocular visits there. Almost everyone access the internet. It is as effective and even much better if the entrepreneur takes time updating her website and reading the comments and suggestions of their clients.
~.~. ~.~.~.~.~.~.~ .~.~.~. They have chosen Europe and Asia as their target market.~.~.~.~.~.~. With E-business. the world-known supermarket in America can already be seen even here in the Philippines.~.~.~. Comparing the pros and cons of the aforementioned ideas. Walmart.~.~.~.~.~.~.~.~. BS Entrepreneurial Management 4 – 1S ~.~.~.~.~.~.~.~.~.~.~.~.~.~.~. Problems met them when they were starting to market outside America but those did not stop them from growing. Allysa Anne G.~. Nationalism and E-business.~.~. the entrepreneur spends less on her costing and earns more profits. The company decided to match the country’s culture by providing the people’s necessities.~.~.~.~.~.~.~.~.~.~.~.~.~ MARI. E-business wins.~.~.Among Globalism.~.~.~.~.~. E-business clicks the most.~.~.~.~.~.