FLAME SCHOOL OF BUSINESS

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
http://proquest.umi.com/pqdweb?did=2006758851&sid=3&Fmt=3&clientId=101986&RQT=
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.

Putting Cleveland on Entrepreneurs' Map:

http://proquest.umi.com/pqdweb?did=2120134581&sid=1&Fmt=3&clientId=101986&RQT=
309&VName=PQD
This article is basically showing how an effort of a group of community leaders who wanted
to create a revolution in Cleveland. They started a company called JumpStart Inc. to provide
budding entrepreneurs finance and technology and help them set up their business. It is a not
profit making organization. This organization not only raised around $16.5 million for the
entrepreneurs around Cleveland but the statistics show that the companies in which they
invested raised around $200 million through way of venture capitalist. The basic idea of this
organization was to provide funds for innovative ideas and help them in their initial day. In
this way a simple idea of giving back to the society helped Cleveland to become one of the
lands of innovation.

Major India Business Summit to Feature President Obama

http://proquest.umi.com/pqdweb?did=2154182161&sid=3&Fmt=3&clientId=101986&RQT=
309&VName=PQD
The article enlightens how the US-India trade partnership will help align the two democracies
to shape the economic destiny of the 21st Century. Backing it with the fact that Indian
business environment is booming and investing big time in US economy resulting in job
creation in US during this recession time. Moreover India is benefited by the core technology
that US has, which is very helpful to boost the growth of India to another level in
infrastructure and finance. This is backed by the fact that already investment of $50 billion
has been spurred by Indian companies in Unites states and this will create opportunities for
greater U.S. export-led growth of high technology and high-end manufactured goods that will
support India’s $1.7 trillion infrastructure build-out and foster new frontiers of technology
collaboration for both countries.
One of the examples of Indian economy being helped by US technology is the Mumbai
airport which has been loaded with high end manufacturing techniques produced by US
companies. Even the Boeing which is used by majority of airlines is produced by United
States based company.

Still sprouting business ideas

http://proquest.umi.com/pqdweb?did=2158039881&sid=3&Fmt=3&clientId=101986&RQT=
309&VName=PQD
This is truly an aspiring article for an entrepreneur; it shows actually how a simple
understanding of the environment around us we can create a whole business revolution for
ourselves. This article tells us how entrepreneur Ashley Berrysmith started the healthy food
business to serve a different segment of market and made his company turnover exceed $20
million. The basic principal that he followed during his venture was to concentrate on
economies of scale. He said that if we could save as low as 2% on packing through mass
production why not implement that. It was possible through the values system that drove the
company and the team spirit that each and every employee in the company showed.
Entrepreneurs Take to 'Big Easy' --- Tax Breaks Help Lure Firms to New Orleans Four
Years After Katrina
http://proquest.umi.com/pqdweb?did=1844329821&sid=2&Fmt=3&clientId=101986&RQT=
309&VName=PQD
This article is basically about grabbing opportunity. It tells us about how small entrepreneurs
grabbed the opportunity that was provided by the government in form of tax benefit in the
hurricane affected regions.
This could be backed by the example of the iSeatz.com, which managed to save around
$200,000 by way of tax benefit in the wage payments. Such schemes not only helped the city
to grow but boosted its economy and making it one of the fastest growing cities in United
States showing a growth rate of 8.2% annually. However with growth, the criminal activities
also grew in the surroundings resulting in making the city as nation’s murder capital.

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.
http://proquest.umi.com/pqdweb?did=2136136661&sid=2&Fmt=3&clientId=101986&RQT=
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.

The Princeton Review Recognizes Darden Entrepreneurship:

http://proquest.umi.com/pqdweb?did=2152808941&sid=1&Fmt=3&clientId=101986&RQT=
309&VName=PQD
This article is about how educational system is changing. The Princeton review finding says
that entrepreneurship is learned, not innate and that being entrepreneurial is about effectual
and not causal thinking. The writer actually conveys the message that innovative ways like
practical learning and experienced-based programs and initiatives are required to create
successful entrepreneurs. Their vision has to be sharpened, which plays an important aspect
in any business environment. The new UVA program that has been started by the Princeton
University, which basically tries to impart knowledge on the above mentioned grounds.

Social Entrepreneurship:
http://proquest.umi.com/pqdweb?did=1988168521&sid=6&Fmt=3&clientId=101986&RQT=
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.

Two Types of Businesswomen Network for Business Growth:

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.

Sustainability of non-profit organizations: An empirical investigation:

This article is based on the issue of sustainability of non- profit organizations. The idea that
the writer is intending to throw is whether today’s world of competition will let this non-
profit organization sustain. Is there a future for such organizations in the near future? Are
people intending to get into such kind of organizations whose real motto is to serve people
and work for the betterment of human life? One of the examples of non-profit organizations
is NGOs which are working for improving the life of people.
The answer to the above question is that YES people are interested in improving the life of
fellow beings. There is a drastic increase in the number of people who really wants to give
back to the society.

Asian Entrepreneurs Are Bullish on the Future:

The article is basically about the entrepreneurial environment in India and China. A new
survey of more than 4,000 entrepreneurs, business managers and aspiring entrepreneurs,
conducted by YouGov and released this week by the Legatum Institute, sheds light on the
countries' respective enterprising classes -- and raises some questions for policy makers and
investors. Entrepreneurs in both countries are bullish. Adding on to it, it has been found that
nearly half of the respondents believe society is welcoming entrepreneurial activity. However
the major finding in the article is that Chinese are more proactive towards business because
as per the survey the universities of china make people learn about the traits of business so
that inspires them to get into entrepreneurship. It has been seen that 50% of Chinese
youngsters want to be into business while in India it comes to around 9%, which is very low
for a country like India.
The Serial Entrepreneur:
This article basically talks about the life Mr. Deshpande and his views on the immense
potential of growth in India. The article basically shows the entrepreneurial traits of an Indian
who never gave up on an idea and went on to become one of the well known names in the IT
industry. For an entrepreneur only profits shouldn’t be the motive but also there should be
some kind of social quotient. India has lots of potential and if this is tapped properly one
could reach to greater heights. The multi tasking skills of an entrepreneur is well revealed in
the article. The story of a person who started an IT company took it to the levels of more than
$60 billion in revenue. The determination and the hard work that he had to put to get his ideas
working is shown in the article. The company Cascade Communications was able to grab
72% of the market share of internet traffic, which was a result of the innovative ideas that Mr.
Deshpande continuously applied.

WORD COUNT: 2020 WORDS