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SYSTEM DEVELOPMENT OF AN ENTERPRISE CULTURE

SYSTEM DEVELOPMENT OF AN ENTERPRISE CULTURE

All statements and figures presented so far are intended to demonstrate what is suddenly clear: the importance of the process of creation and growth of new businesses is in economic development social.

Two things are fundamental to the emergence of new companies:

First: The emergence of new entrepreneurs.

Second: The development of favorable circumstances the process Figure 1 and 2 show that all groups and major responsibilities to fulfill when it comes to this cultural change

The order of the elements of development is different from the traditional command economy, in this new vision of development factors can come together in Fig.3, it is essential to understand the role of the human being that there have called the employer, in their knowledge, skills and competencies to act in the market, based on the circumstances that the atmosphere will arise.

result of the determination Business

• Korea’s growth has been the natural result of the determination, sacrifice and hard work of its people.
• The great resource of Korea is its people.
• The decision was overcome poverty and national tragedy.
• Three characteristics marked the event: market orientation, flexibility and innovation, risk taking.
• The spirit of the company has three elements: creativity, challenge and sacrifice.
• It works on the concept of co-prosperity, which means that a successful business must provide fair benefits to various groups: employees, customers, partners and government.
• The company’s success depends on the development and success of employees and vice versa.
• Partnerships with other countries and business groups has led to economic progress by balancing four factors: capital, technology, human resources and markets.
• The key to economic success and development is the restrictive policy, but in the development of aggressive and innovative solutions.

The development of Latin America versus the Asian Tigers

The development of Latin America versus the Asian Tigers

For too long economics said the factors of production and therefore responsible for the development were: land, capital and labor, it was with what had Latin American countries so one supposes that these would be the future global economic powers, for their part, East Asia countries without these resources to the same extent but now they have the record of economic growth, high and sustained in recent decades. This was due to industrial development in eight countries: Japan, the four dragons and tigers: Hong Kong, Singapore, Taiwan and South Korea, named for its rapid economic development, and three newly industrializing countries: Malaysia, Thailand and Indonesia. Industrial development based on foreign capital investment and over-exploitation of cheap labor, abundant and poorly organized in unions.

The positive contributors to their development were its geographic location (for easy access to sea routes to export their products) and the relative closeness between them that favored capital flows. For example, Japanese manufacturers moved their factories to southern countries to benefit from lower wages.

Importantly, not only the speed of economic growth, but the improvement in human welfare due to greater equity in the distribution of profits. The per capita income growth rare was reflected in the reduction of poverty. For example, Thailand, the 1960 had 59% of its population living below the poverty line and in the decade of 1980 this ratio had fallen to 26%. Another example is Indonesia, in late 1970 had 58% of its population below the poverty line and ten years later this rate had fallen to 17%. In addition, other social indicators improved as the percentage of illiteracy.

Relationship between entrepreneurship and economic development

Relationship between entrepreneurship and economic development

Within the context of socioeconomic development is the main feature “The process of creating new productive entities have a major impact on socioeconomic development.” Affecting both supply and demand. Furthermore, we generate new productive entities to make some changes in the structure and production. According to Jane Jacobs and some observations can be made ​​on the development of specific regions and communities there are two very basic principles of the development process:

1. Economic development does not occur in general, or decree, or simply for the formulation and publication of a development plan. Economic development occurs in specific people in particular places and at very precise.

2. The goals of economic development must go beyond the temporary rise in employment and income, with only this change does not guarantee continuity. It requires that development is a dynamic and continuous process in which people of the community have the opportunity to use their talents and provide the social system dynamic qualities such as innovation and capacity for self-generated response to events to ensure a happy and full and continuous improvement.

In regional terms, the development demands that the social system acquires dynamic qualities such as:

Elasticity: Ability to respond effectively to changes in the environment, markets, environmental conditions.

Creativity and Innovation: Ability and propensity to innovate and experiment with new forms of operations.

Initiative: Ability, desire and ability to begin and carry out useful projects.

Diversity: Variety of activities that give resistance to changes and decisions are not predictable. Globally, countries, regions and companies which have submitted the best indices of socioeconomic development are those that have been able to implement these four elements in their daily. The following is an opinion on these qualities: Hill Bygrave, a distinguished researcher and professor at Babson College says: “Entrepreneurship is the most important competitive advantage of U.S. is that Americans do better than citizens of other nations” and summarizes the concept in the following expression.

Entrepreneurship

Entrepreneurship or Entrepreneurship (more literal translation Entrepreneurship) is the act of being an entrepreneur . Entrepreneur comes from the French and, in general terms, refers to “any person who identifies an opportunity and organizes the necessary resources to implement it.” This can result in the creation of new organizations or may be part of revitalizing mature organizations in response to potential opportunities. The best known form of entrepreneurship is that by creating additional business, but lately, the term has been extended to include activities that make the social and political.
Entrepreneurial activities are quite different, depending on the type of organization that is created. Entrepreneurship ranges from individual projects (even those who the entrepreneur is not engaged exclusively) to multiple major initiatives that create employment opportunities.

Economic development

The research group Global Entrepreneurship development moitor developed in 199 fig. 4 to explain specifically the key elements for development, this model includes all actions performed by existing firms in an economy as new companies emerge to, thanks to the role of new entrepreneurs, these are:

• Political, social and cultural.
• National Structure
• Corporate Structure
• Business Opportunities
• Entrepreneurship
• Business Dynamics
• Economic Development

THE NATIONS DEVELOPMENT AND COMPETITIVENESS

To describe the development of nations we must consider the following:

a) National prosperity is created and not inherited.

b) The prosperity of a nation depends on the ability of firms to innovate and improve.

c) The basis of competitiveness are increasingly on the creation and assimilation of knowledge.

d) Companies achieve competitive advantage through acts of innovation, either in new technologies and new ways to meet their activity.

e) Competitiveness is the productivity of a nation, region or joint use of production resources.

f) The standard of living of a nation depends on the ability of their companies have to achieve and maintain high productivity levels and increase the productivity over time.

g) The competition includes segmented markets, differentiated products, differentiated technologies and economies of scale.

h) Competing companies and business sectors not nations.

Porter Another concept to understand the development processes in Latin America, is his point that the development goes through four stages:

Phase factors
Investment stage
Innovation Stage
Stage of wealth

Entrepreneurship development offers

Entrepreneurship development offers benefits to the individual, business and the community as a whole.

For the individual offers independence, control over one’s life, creativity, expression, health, self-confidence. Every entrepreneur believes strongly that the events can affect through their knowledge, intelligence, creativity, dedication and persistence. For the entrepreneur, the new business is a creative expression, and the product manufactured and sold is only a means to an end.

For organizations, promote the concept of employer produce an increase in creativity and initiative in making and creates dynamic and highly motivated.

For the community, that entrepreneurship involves a boost to the processes of invention and innovation, which give additional strength to face the events that the future holds.

The basic idea is that reaching a large number of independent ideas and different environmental changes, and maintaining a dynamic process in this regard is achieved a better chance to survive, grow and build a good life.

In short, entrepreneurship provides the community with a real possibility of development, as it gives to the culture in which the community moves energy, dynamism, work orientation, variety, flexibility, action, innovation, creativity. Additionally, the community provides a real opportunity to control their own development.

What were the drivers of this growth?

What were the drivers of this growth?

These countries have based their change in the economic model of export-led growth, first used by Japan and then the rest of them. To achieve this, government policies directed to:

1. The state sets the rules, ensure competition, protect private property, encourages the private sector to produce and distribute goods and services.

2. Taxes are much lower and if escalation is minimal.

3. Foreign investors are welcome, they are exempt from taxes easily during their first five years of activity, and imposes no restrictions on repatriation of dividends.

4. Customs duties for imports and exports are minimal or nonexistent. Most trade is done with industrialized countries, which shows that not getting rich by exploiting the underdeveloped and poor have been made ​​through the mass exchange with the richest countries.

5. Very few products are subject to price control.

6. There is no minimum wage determined by law.

7. There has been no nationalization.

8. Depreciation allowed goods quickly depending on their risk of technological obsolescence.

In the case of Korea, we see the play of cultural values ​​that explain, as one of its major business leaders, Kim Woo Choong, its surprising development.

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