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One of the biggest threats for Entrepreneurs in developing countries is their (successful) idea being replicated and mastered by bigger organizations. True/False?

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Question added by Sidrah Nadeem , Global Marketing Manager , Hill+Knowlton Strategies
Date Posted: 2016/04/18
ACHMAD SURJANI
by ACHMAD SURJANI , General Manager Operations , Sinar Jaya Group Ltd

To be a successful businessman and large we should dare to compete with the outside world , we are able to patent our business idea . Do not like to blame others / competitors for our failures . Ups and downs in the business world it is a risk , we should always be able to get up and grow and grow.

Nuridin Islam Diab
by Nuridin Islam Diab , Training Manager , Bbusinesss LLE

I don't necessarily see this threat to be exclusive only to developing countries, but this can happen in any country and within any industry, regardless of the development level. Micheal Porter called it the "Threat of new entry" in his 5 forces. It's a fact of life that however amazing a product or service might be, someone else can take it and enhance it, master it and resell it with even a cheaper price. 

After all, isn't this what the Japanese did in the 1970s and early 1980s with their re-engineering strategies? Entrepreneurs should always be sailing in blue oceans while maintaining their positions in red oceans to the best of their abilities. 

sameer abdul wahab alfaddagh
by sameer abdul wahab alfaddagh , عضو هيئة تدريس , جامعة دلمون

Success sometimes leads to ego which leads to the killing of ownerBut it must be defended for more success and humility

TARIG BABIKER AL AMIN
by TARIG BABIKER AL AMIN , Head of Planning and Studies Unit , Sudanese Free Zones and Markets Co.

The success of these companies - even though big companies took the idea of them - this in itself is a kind of business development, The application of large companies to the ideas of other companies shows us more opportunities and ideas through technological development and knowledge exchange links

Mohammed  Ashraf
by Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group

False....................................................

Eng Ahmed Elsharkawy
by Eng Ahmed Elsharkawy , Civil Engineering Project Manager , Altwijry office

thanks for invition ,,,,,,,,,,

i agree with experts answers

Tarek Cherif
by Tarek Cherif , Medical Representative (Corporate MBA) , Eli Lilly

False. While having their ideas replicated by bigger companies fueled by far more resources is a concern for entrepreneurs in developing economies, it is not one of the "biggest threats". From my personal experience, I believe that the biggest threat, or at least one of the top ten, is the low risk appetite of investors. It is far more difficult to raise sufficient capital in developing economies than developed economies to fuel the initial growth of the company necessary to become sustainable in an appropriate time-frame.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

False

big is computation from biggest co.

 

Ghada Eweda
by Ghada Eweda , Medical sales hospital representative , Pfizer pharmaceutical Plc.

Thanks for invitation. The statement is True.

As cited in Harvard Business Review (Garvin and  Levesque, 2006) Large companies, creating new businesses is the challenge of the day, however after years of downsizing and cost cutting, corporations have realized that they can’t shrink their way to success. They’ve also found that they can’t grow rapidly by tweaking existing offerings, taking over rivals, or moving into developing countries. Because of maturing technologies and aging product portfolios, a new imperative is clear: Companies must create, develop, and sustain innovative new businesses, they must become Janus-like, looking in two directions at once, with one face focused on the old and the other seeking out the new. Corporate entrepreneurship is, however, a risky proposition. New ventures set up by existing companies face innumerable barriers, and research shows that most of them fail. Therefore, Emerging ideas of businesses seldom to be replicated or mastered smoothly with well-established systems, processes, and cultures. Yet, success requires a blend of old and new organizational traits, a subtle mix of characteristics achieved through what we call balancing acts. Unless companies keep those opposing forces in equilibrium, emerging businesses will flounder.

Thanks for the invite, I leave the answer to the experts, specialists in this area

Hisham Hashim
by Hisham Hashim , Business Development Manager , RAS SERVICES P.L.C

Thanks for the invite,

True, i have seen it done by many big organizations here in Ethiopia. The government has passed a law know which protects entrepreneurs idea which made it safer for them to implement it.

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