Friday, December 6, 2019

International Entrepreneurship-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Clusters, Small Business and International Entrepreneurship. Answer: Introduction Business is in itself a vast concept. Adoption of exploratory and rationalistic approach enables the small business enterprises to expand the scope and arena of their business. Herein lays the correlation with the word international. Cluster of these small business enterprises, on one hand, fulfills the needs of the public domain (Pollack and Adler 2016). On the other hand, absence of an oriental approach towards the marketing activities can be considered as a bane for the national economy. This report sheds light on the success short of a small business enterprise, Hyphens Pharma Pte Ltd, where the main agent is the oriental and rational approach towards the expansion of their business. Path to success for Hyphen Pharma Pte ltd Unlike the functionality of the symbol hyphen, Hyphens Pharma Pte Ltd leaves no stones unturned in terms of gifting a healthy life to the people. Exposure of transparency in the business has enabled the company to achieve trust, reliance and dependence from the customers, stakeholders, shareholders and agency partners (Hyphens.com.sg 2017). Struggle of the professionals to bring innovation is one of the factors, which has placed Hyphens Pharma on the path to success. Exposure of dedication and commitment in the execution of business activities has expanded the business (Blackburn, Hart and Wainwright 2013). Herein, the limitation of the word small attains enlargement. Typical evidence of this fact is the widespread presence of the SME across 6 countries in the South East Asia. Delving deep into the success story, Hyphens Pharma initiated their business as a subsidy of Pan Malaysian pharmaceutical companies. Display of dedication and commitment in the business activities proved beneficial for the company to slowly and gradually make a widespread presence across countries of Malaysia, Philippines, Indonesia among others (Hyphens.com.sg 2017). This type of performance enabled the company to indulge in joint ventures with Institute of Chemical and Engineering Sciences (ICES). These partnerships added an extra feather to the reputation of the company. Apart from this, adoption of social media has assisted the SME to reach to a large number of audiences (Eid and El-Gohary 2013). Within this, the concept of user generated content has enhanced the stability in the relationship between the company personnel and the customers. This is one of the other grounds for reaching to the peak of success. Conclusion The statement where there is a will, there is a way proves apt for Hyphens Pharma Pte Ltd. Willing, eagerness, dedication, commitment along with a rationalistic and oriental approach towards the execution of the business procedures has smoothened the path of success for the company. These attributes globalizes the business of the company, shedding off the limitations of the word small. Moreover, it bridges the hyphen or the gap between the company and the customers, upgrading the reputational status. In view of this, the clustered presence of the company branches in each and every corner of the world adds value to the economy as a whole References Blackburn, R.A., Hart, M. and Wainwright, T., 2013. Small business performance: business, strategy and owner-manager characteristics.Journal of small business and enterprise development,20(1), pp.8-27. Eid, R. and El-Gohary, H., 2013. The impact of E-marketing use on small business enterprises' marketing success.The Service Industries Journal,33(1), pp.31-50. Hyphens.com.sg (2017). About Us. [online] Available at: https://www.hyphens.com.sg/about-hyphens/vision-mission-values/ [Accessed on 18th June 2017] Pollack, J. and Adler, D., 2016. Skills that improve profitability: The relationship between project management, IT skills, and small to medium enterprise profitability.International Journal of Project Management,34(5), pp.831-838.

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