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Entrepreneurship: Carlos Slim and Jack Ma Essay Example

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Entrepreneurship: Carlos Slim and Jack Ma

In order to understand the role of entrepreneurship in the success of businesses, it is essential to consider the background of the environment where the two businesses started their journey to success in the business sector. Considering the country China, which is the home of Jack Ma by birth and where his business career started; there are various issues that are realized from the social, political and economic perspective. From the political side, China is a democratic country, an indication that its political powers are subjected to individual who the citizens chose through elections. The fact that the people elect their leaders is sufficient to show that the country’s political systems are stable and reliable. This creates a good foundation for business ventures because the investors are assured of political stability (Murmann, 2003: 56). They are also sure that the government will support all businesses that are not harmful to the public, and this can be used as a basic principle that led to Jack Ma developing interests in investing in China.The security systems in the country are stable, and this is influenced by improvement in technology in the country which enables the security agents to detect, investigate and arrest criminals. The military of the country is strongly equipped with strong and superior weapons to protect the country from internal and external attacks. The aspect of stable security provides a better background for businesses, and this follows the fact that business environments need to be secure to the investors, clients, and property. Jack Ma used the opportunity presented by the security of the country to launch his company and invest a huge amount of money without the fear of theft. Additionally, the nation specializes in agricultural products that are not only produced for domestic use but also for exports. The country has various tourism attraction sites which boost the economy of the country due to the increased revenue that the country collected from the tourism sector.

References

Coster, H. 2007. "Carlos Slim Helu Now World's Second-Richest Man". Forbes.

Dolan, K. 2012. "The World According To Slim". Forbes – Billionaires 2012

Kummerle, W. 2005. “The Entrepreneur’s Path to Global Expansion,” Sloan Management Review 46: 42-49.

Murmann, J. P. 2003. Knowledge and Competitive Advantage: The Co evolution of Firms, Technology and National Institutions. New York: Cambridge University Press, p. 56

Nathaniel, L. H. 1979. “Entrepreneurship and Economic Development: The Problem Revisited,” Journal of Economic Literature 17: 23

Porras, A. 2007. "Mexico's wealthiest mogul spurs controversy". Hispanic Link

Praag, C. Mirijam, V. & Hans, V. O. 1995. "Determinants of Willingness and Opportunity to Start as an Entrepreneur," Kyklos, 48:4, 513-40

Soota, A. 1998. "Information Technology: The Knowledge Industry," Independent India: The First Fifty Years, Delhi: Oxford University Press, 220-226.

Stokes, D., Wilson, N. &. Mador, M. 2013. Entrepreneurship. New York: Willy & Sons, 37

preview essay on Entrepreneurship: Carlos Slim and Jack Ma
  • Pages: 15 (3750 words)
  • Document Type: Coursework
  • Subject: Business
  • Level: Ph.D.
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