Operations management, Enterprenuaship and SMEs Assignment

Operations management, Enterprenuaship and SMEs - engagement ExampleIdentifying the strong points that a country can lift up its delivery status is rattling and extremely challenging to a government in basis of how it may choose to invest. Globally, it has been proven that obscure from the multinational companies that are being brought up, the small and medium enterprises (SMEs) are also efficacious in terms of lifting a up a country economy wise. For a country to grow in a fast track investments multinational companies should be effected still also to the SMEs that have proven effective globally. Global Entrepreneurship Entrepreneurship has proved to be current global trend in terms of the attempts to uplift economy status by most countries in the world. Clearly, entrepreneurship drives innovation and growth. For a country to have a robust economy, the level of entrepreneurship should be high (Mwenda, 2002, 68). To boost the level of entrepreneurship is significant in both d eveloped and the ontogenesis countries in the world, the growth of the micro-finance industry is a clear example of a service whose principles were formed in the light of development ideas. Micro finance industry as an idea came about in the pinch that small-scale entrepreneurs wer kept from development due to the inadequacy of capital. For entrepreneurship to occur there should be a bust mode through which citizens of a certain country can fail capital. Though entrepreneurship should be a venture of investment in any country, in developing countries, entrepreneurship is not out of choice but as simple as lack of job opportunities amongst the citizens of these countries. This can be seen in the sub-Saharan African countries such as Zambia and Rwanda. In these countries, 70% of the entrepreneurs have started small-scale personal line of credites because they lack jobs (Freese, 2000, 25). It is estimated that SMEs contribute about 25-35% of worlds manufacture direct exports (OECD , 1997, 3). Small and Medium Enterprises (SMEs) Globally In most countries of the world, small-scale businesses are the driving source of the economy this is evident mostly in the developing counties where the small-scale enterprises are established due to lack of job opportunities. In developed countries, the impact of SMEs can also be felt when it comes to how the business is conducted globally (ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, 2011, 20). The economy of the linked States of America suffered a great recession and ways were devised that enabled the country get back on its foot. The strategies that were put in place by various authorities were majorly entrepreneurial, by this the joined States government ensured that the country utilized all its power and connections in terms as far as entrepreneurship goes. The United States government encouraged private investment in the Malaysia as one of the strategies to boost its economy. Malaysia has a strong economy h aving the third largest economy in South East Asia behind Thailand and Indonesia. Malaysia global set up stands at 29 with estimated gross domestic product of $492.4 billion per capita in 2009. This move by the United States proved effective as the GDP of the united state grew by 1.8% in the year 2010 (international business publications USA, 2012). Small and medium sized enterprise also form the backbone of Europe