Comparison of Entrepreneurial Activities in the Usa and China

In: Business and Management

Submitted By AmlR
Words 3030
Pages 13
Comparison of entrepreneurial activities in the USA and China

Table of Content Page 1 Introduction 3 2 Comparison of entrepreneurial activities in USA and China 4 2.1 Culture 4 2.2 Government policies 6 2.3 Funding and financing 9 2.4 Education and training 10 3 Conclusion 11 Bibliography 13

1 Introduction Entrepreneurship is one of a major factor influencing the economy of countries in terms of international trade, infrastructure, employment and living standards as well as capital growth. It also reflects the effectiveness of government policies. Entrepreneurship relates to national policies (taxation, regulations, ease of doing business), entrepreneurship financing (banks, government support), economic circumstances (economic freedom), marketing (competitiveness), public agency assistance (government support), and expertise etc.. The level of entrepreneurial activity not only interacts with the factors above, but also with cultural or geographical factors and regulations. Personality characteristics, behavior and motivation are also the major elements, which should be taken into consideration. There are many determinants of being or becoming self-employed which are dealt with in the literature, such as employment status, minority behavior, immigrant behavior, family firm effects and attitudinal effects (Freytak/Thurik 2006, 6). The assignment compares the level of entrepreneurial activity between the U.S. and China as these locations have contrasting characteristics regarding all these different aspects of entrepreneurial activity. It discovers and compares the reason how some of them – cultural factors, government policies, funding & financing and finally education & training – are influencing entrepreneurship in these countries.

2 Comparison of entrepreneurial activities in USA and China…...

Similar Documents

Cultaral Comparison of Deaf Culture and Hearing Culture in the Usa

...|Cultural Comparison of Deaf Culture and Hearing Culture in the USA | |(Using the Hofstede Cultural Comparison Assignment as a guide) | |Where Deaf Culture Would Score If Included in the Geert Hofstede™ Cultural Dimensions | | | |Nathaneil Godfrey | | | PDI Power Distance Indicator Power distance This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us.  Power distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally. It has to do with the fact that a society’s inequality is endorsed by the followers as much as by the leaders. http://geert-hofstede.com/ Deaf culture I think Deaf......

Words: 3035 - Pages: 13

Comparison of Two Online Drugstores Between China and America

...主要通过互联网向消费者提供药品和其他医药产品。网上药店以B2C的电子商务形势,通过其价格便宜、选择自由、私密方便、信息丰富等优势受到了消费者认可,并随着信息技术进步得到迅猛发展。我国的网上药店随着电子商务的发展而逐渐发展壮大,但由于起步较晚,在发展过程中存在着诸多问题。本文通过分析美国Drugstore.com网上药店和中国Jxdyf.com金象大药房,就目前两个网站的电子商务模式、主要产品和服务、经营方式、支付方法、盈利方式,营销等方面进行分析与对比,找到我国电子药业发展的不足。并结合国外网站的优势,提出有针对性的建议。 【Abstract】Online pharmacy store is also called electronic pharmacy store that provides customers drugs and related medical products through the Internet. The online pharmacy store has been developed dramatically because of it’s convenience, low price, freedom, and privacy by using the B2C e-commerce model. Although the online medical stores industry in China is growing significantly with the development of e-commerce, there are many problems are presented during the process. This paper is aims to find the method to develop Chinese e-medical industry by analyzing two different online medical stores Drugstore.com (USA) and Jxdyf.com (China). 【关键词】medical, e-commerce, business modal, B2C * 背景 ......

Words: 1073 - Pages: 5

Trade and Investment Activities Between China and South Africa

...ABSTRACT In the recent years China has been seen as a major competition in the international economic market. It has been replacing many western states as the top trading and investment partner in many African states, and for decades it has been one of Africa’s best friends, helping in the decolonization process and building key infrastructure projects on the continent. China has been providing many African governments with cheap loans in exchange for securing their means of accumulating natural resources based on the principle of non-intervention and respect for sovereignty, which gives no strings attached. For more than a decade, diplomatic relations between China and South Africa have been marked a great growing relationship between both states. From a period of no official ties to limited interaction between the South African and Chinese Governments, the relationship has subsequently developed to become one of the closest between African and Asian states. Growing economic engagement, which underpins the warm ties between the two states, has put South Africa amongst China’s top three trading partners on the continent. Moreover, China is an emerging market economy; with a fast track of being the next economic rising superpower in the world and its current relations between it and Africa continue to grow fast with foreign direct investment increasing thirty-fold between 2003 and 2011, from US$491m to US$14.7 billion. In 2012, China pledged US$20 billion of loans to Africa......

Words: 8475 - Pages: 34

Management Practice in Usa, Japan, China, Germany and Bangladesh.

...because of the presence of different social, economic, political and legal and tax systems. After independence the industrial enterprises of this country were initially brought under the control of the government. Very soon it was realized that the nationalized sector was not performing as desired because of unsuccessful management practice. Since then the country has been going through denationalization process. And then every type of concepts and theories of different countries has been practicing in our country. But it is very difficult to say which type of management practice should be applicable for our country. This paper is just an attempt to analyze the different types of management practice especially in U.S.A., Japan, Germany and China in the context of Bangladeshi management practices on the basis of the basic functions of management. As per the findings, management practice in Bangladesh is not being dominated by any specific country's management practice. This paper will describe what types of management practice are made in those countries with respect to socio-cultural or environmental circumstances and other legal and govt. policies. Why will we analyze and/or study Management Practices among the countries? The concept of comparative management has become more important in recent years because of the growing influence of multinational companies and global corporation. MNCs are businesses that exercise strategic control over production and marketing......

Words: 3670 - Pages: 15

Usa China Trade Relations

...U.S.A.-China Trade Relations Carol Buchanan Naga S. Grandhi Leigh Goulet Bellevue University Abstract The United States of America (also referred to as U.S.A.) and China are the top two biggest economies with $16.2 trillion and $9 trillion dollars respectively. Both of these countries have very strong trade relationships. In the year 2013, U.S.A. exported $122,016.3 million worth of goods to China and imported $440,433.5 worth of goods from China. These figures clearly indicate that there was a huge difference between import and export values in 2013 and also appear to disproportionately favor China. This paper addresses the trade relation between these countries and explains its current situation. This paper also explains the concept of “opportunity cost” as it relates to trade between these countries. Keywords: U.S.A.-China trade relations, imports, exports, opportunity cost. U.S.A.-China Trade Relations Problem Statement Both the U.S.A. and China have strong economic backgrounds. Globalization welcomed trade between these nations. Overall, the balance of trade in goods and services between U.S.A. and China appears to be in favor of China. This creates several problems and dependencies between these two countries. Introduction/Background U.S.A.-China trade rose rapidly after the two nations reestablished diplomatic relations (in January 1979), signed a bilateral trade agreement (July 1979), and provided mutual most-favored-nation (MFN) treatment......

Words: 1590 - Pages: 7

Economics Comparison Essay Australia and China

...Australia and China have adopted different economic systems in order to cater for the society. The Chinese and Australian economies have many similarities and differences from Australia’s market based economy to China’s planned economy. Like all economies, they both face the problem of scarcity of resources, what to produce, how much to produce, who will produce. Both of these economies have adapted to changing the world in order to allow their economies to grow and develop. These similarities and differences include the economic growth and quality of life, the environment, employment and unemployment, distribution of income and the government role. Australia and China Australia have very little similarities in terms of economic growth and quality of life. Australia is a democracy and China is a one party rule socialist party. The quality of life also comes in the size and the population of the country. Australia’s area of 7,682, 300 sq km is 80% of China’s 9,595, 960 sq km, yet its population is 22 million which is only 1.7% of China’s 1.35 billion. For Australia’s GDP per capita is $43,000 ranking 10th in the world and China’s is only $7945 which is 98th in the world. Due to the extreme difference in the density of population and per capita income. Basically there isn't a lot of similarity except the large gap between rich and poor and for a few wealthy individuals who could afford the same luxuries. Employment and unemployment are one of the many similarities and......

Words: 642 - Pages: 3

Gdp Comparison of India and China

...when it was changed to GDP in order to be consistent with other nations. Case Study In recent times there has been a tremendous interest in the growth process of China and India. Both the countries are being looked upon as ‘the so called’ global engines of growth. Their role as ‘global engines’ of growth is not so much based on their current performance, but more so for the potential to lead the future growth process in the world economy. China has started moving towards a pro-market economy since 1978 while India’s reforms have been started much later since 1991. While China dismantled the Soviet style command economy, India broke away from the regime of mixed economy that had a strong role for central planning. While China has attained a high growth path by accelerating the rate of capital formation with a heavy emphasis on government investment in infrastructure, India instead reduced public investment and rather adopted policies to raise private investment during the reform process. In terms of achievement India has performed the best in the financial sector reforms. China had initially taken a different path by way of raising productivity in manufacturing, adopting a path of export led industrialisation and policies to attract more foreign direct investment, domestic and global factors have forced China to redirect the reform process 3for its financial sector since late 1990s. growth in the real sector. Starting from a rate of growth of 3.6% in the pre......

Words: 1697 - Pages: 7

Course Comparison Uk vs Usa

...even vary within each 7.0 – 8.9 (bom – good) 5.0 – 6.9 (regular) 3.0 – 4.9 (insuficiente) 0 – 2.9 (deficiente) institution, and grading is fairly severe. Top grades are awarded to few students, and the failure rate in a given course can be high. In a 10–0 system, 10 is the highest and 0 is the lowest. Bulgaria Please note that the American University in Bulgaria uses the American system of credits and grading along the 4.0 grading scale. Canada A (80-100%) A/B The system of grading in Canadian B (70-79%) C (60-69%) D (50-59%) F (49% or below) B-/C C-/D F F universities is comparable to that found in the United States. Chile 6.0-7 (muy bueno) 5.0-5.9 (bueno) 4.0-4.9 (suficiente) 0-3.9 (insuficiente) China 90-100 80-89 70-79 60-69 Under 60 9-10 (90-100) A B C F A B C D F A B C F Costa Rica 8 (80-89) 7 (70-79) 0-6 (or 0-69) Cuba 5 (Sobresaliente/Excelente) A 4 (Notable/Aprovechado/Bie B n) 3 (Aprobado) C 0-2 (Reprobado/Suspenso) F Czech Republic Vyborny Vyborny minus Vel’mi dobry Vel’mi dobry Dobry Nevyhovel Denmark 12/ A ECTS A Czech higher education institutions use B C C D F A B+ B C+ C F F a 4 point grading scale. Since 2007, grading has been done on the 10/ B 7/ C 4/ D 2/ E 0/ F -3 Dominican Republic Estonia 7-point scale, compatible with the ECTS scale. Grading scales vary. Refer to grading scale on transcript. A – Excellent A (91–100%) B – Very good C – Good B+ (81–90%) B (71–80%) D –......

Words: 2500 - Pages: 10

International Business Negotiations (China vs Usa)

...NEGOTIATING INTERNATIONAL BUSINESS – CHINA vs. USA CHINA | USA | The People’s Republic of China is in the midst of a major transition from rigid communist country to free-market society. For instance, significant cultural differences exist between rural and urban areas as well as between old people and younger ones. Generally, young people in major urban areas are more aggressive and willing to move faster than older ones in rural areas may be. Nevertheless, the country’s culture is quite homogeneous overall. While most Chinese businesspeople and officials have only limited exposure to other cultures, some are very perceptive in doing international business and may appear quite ‘westernized. However, it is crucial to show respect for the country’s history and importance. While there is no problem with calling China a developing country, do not refer to it as a third-world country. After all, China’s importance as a powerful nation reaches back some 5,000 years. | The US, the world’s third largest country both in size and in population, is a multicultural mosaic of 300 million people of mixed race and heritage. Yet, despite this ethnic and cultural diversity, the US still exhibits a distinct business culture. An important aspect of US culture is the American Dream: the widespread belief that every individual can succeed and prosper financially by working hard. This idea contributes to a strong work ethic and to a system that is merit based. The repercussions of...

Words: 4745 - Pages: 19

Comparison Between China and Belgium

...Jiangxi University of Finance and Economics | Final paper- Belgium- China | Introduction to China – Yang Jing | | Nora Rijpstra | 2013-2014 | Contents Foreword 4 1. Basic information of Belgium. 5 2. Politics in Belgium 7 2.1 Constitution 7 2.2 Government 8 2.2.1 Head of state 8 2.2.2 Federal government 8 2.2.3 Regional and community governments 8 2.2.4 Provincial and local government 9 2.2.5 Legislative 9 2.2.6 Judiciary 10 2.3 Elections and parties 10 2.3.1 Electoral system 10 2.3.2 Political parties 11 2.4 Linguistic division 12 2.4.1 Brussels-Halle-Vilvoorde district 13 2.5 Own opinion. 13 3. How to do business with Belgium 14 3.1 Belgian management style 14 3.2 Belgian meetings 14 3.3 Communication style 14 4. Marriage in Belgium 15 4.1 The wedding dress 15 4.2 The bridal veil 16 4.3 Before the law 16 4.4 Right or left? 16 4.5 Bridesmaids 16 4.6 The bridal bouquet 17 4.7 The wedding rings 17 4.8 The church portal 17 4.9 The speech during the evening party 17 4.10 The wedding cake 18 4.11 Over the doorstep 18 4.12 Own vision on the Belgian marriage 18 Foreword With this final paper for the class Introduction to China, I would like to thank my teacher Yang Jing, the office for overseas students and the Chinese student volunteers. All of them made it possible for all the overseas students to make this an unforgettable semester and experience.......

Words: 6282 - Pages: 26

Hofstede’s Five Dimension Comparison of Germany and China

... Hofstede’s Five Dimension comparison of Germany and China Hofstede’s Five Dimensions Hofstede’s five dimensions are a useful tool to give someone an insight of different cultures. These elements give a country’s behaviour tendencies rather than an exact prescription. There are weaknesses to Hofstede’s Five Dimension theory as it may too easily encourage stereotyping. Even in countries as small as the UK, not all citizens are alike – e.g. it is argued that the culture in the North of England is quite different to the South. Hofstede has also been criticized for being too simplistic; however Hofstede’s theory does give us a general base to work from. 74 countries are listed on Hofstede’s website from which information can be drawn to make comparisons not only between countries but against the world average to give a broader picture. The following graph gives a comparison between Germany and China. It also allows for assessment against the Asian average and World average and our own British culture as benchmarks. Hofstede Comparison: UK, Germany, China Asian Average and World Average [pic] Comparison of Germany and China [pic] Power Distance Index Germany 35 LOW China 80 HIGH Individualism Germany 67 HIGH China 66 LOW Masculinity Germany 66 HIGH China 66 HIGH Uncertainty Avoidance Germany 65 HIGH China 30 LOW Long Term Orientation Germany 31LOW China 118 HIGH Power Distance Index – PDI Power Distance measures......

Words: 2764 - Pages: 12

Comparison on Traditional and Activity-Based Accounting System

...COMPARISON ON TRADITIONAL AND ACTIVITY-BASED ACCOUNTING SYSTEM TABLE OF CONTENT CHAPTER TITLE PAGE LIST OF TABLES i LIST OF FIGURES ii CHAPTER 1. INTRODUCTION 1.1 Understanding of Traditional and Activity-Based Costing System 1 1.2 Company Background 3 1.3 Company History 3 1.4 Company Operation 5 2. TRADITIONAL COSTING SYSTEM 8 3. ACTIVITY-BASED COSTING SYSTEM 9 4. COMPARISON BETWEEN TRADITIONAL AND ACTIVITY-BASED COSTING SYSTEM 11 5. CONCLUSION 12 REFERENCES 14 CHAPTER 1 INTRODUCTION 1. Understanding of Traditional and Activity-Based Costing Systems The difference between traditional costing and Activity-based costing (ABC) systems helps companies determine the cost of a product related to the revenue it generates. The two common costing systems used in business are traditional costing and activity-based costing. Traditional costing assigns manufacturing overhead based on the volume of a cost driver, such as the amount of direct labor hours needed to produce an item. A cost driver is a factor that causes cost to incur, such as machine hours, direct labor hours and......

Words: 2901 - Pages: 12

Comparison of Entrepreneurial Factors of Various Country

...Factors | Assigned Country | European Country | Central American Country | Asian Country | Analysis & Evaluation | | United States of America | Russia | Mexico | Taiwan | | Management Styles, Systems, Practices | * American management seems to work best when the key needs are speed, aggression, last-minute genius, and take-chance, inspiring leadership.*pursue risk | * They foster management policies that may encourage more balance in a manager’s life, between work & private activities and risk & stability.* emphasis on efficiency, innovation, quality, and responsiveness to customers—even as one also finds adaptations to cultural differences.” | *Mexican management style follows the high power distance and collectivismfound in Mexican societal culture and this means that Mexican firms are more likely toadopt hierarchical structures with power vest at the top of the pyramid and introduce andfollow formalistic relationships between managers and workers* Paternalism and a sense of “extended family” arealso important factors of Mexican management styles. | * It is important for innovations to have a track record or history noting the benefits if they are to be accepted and implemented.*Taiwan is a fluid time culture, and, as is the case with many fluid time cultures, it is also very relationship-oriented.  | Every entrepreneur should learn how to take a risk in order to succeed. But, we should also have to bear in mind that life should be a balance of......

Words: 1559 - Pages: 7

Economic Factors That Affect Apple in China and Usa

...company that I am going to be talking about in this assignment; I will be talking about how different economic environments affect two countries Apple operates in (China, USA) and what countries they are manufactured and assembled in. They’re stores are usually located in the central main shopping centre of a city especially their stores in the UK. The company Apple is a private limited company and the company is open to the public to buy shares in the organisation. The company is based in the secondary sector of business. Here is a table stating some of the economic factors that may affect Apple. China United Kingdom GDP China GDP is worth 5879 billion dollars or 9.48% of the world economy, according to the World Bank. from 1960 until 2010, China's average GDP was 839.37 billion dollars reaching a massive rate 5878.63 billion dollars in December of 2010 and a record low of 46.46 billion dollars in December of 1962 The United Kingdom GDP is worth 2246 billion dollars or 3.62% of the world economy, according to the World Bank. From 1960 until 2010 the United Kingdom's average Gross Domestic Product was 862.04 billion dollars reaching 2810.97 billion dollars in 2010. Inflation The inflation rate in China was last reported at 4.1 percent in December of 2011. From 1994 until 2010, the average inflation rate in China was 4.25% reaching 27.70 percent in October of 1994 and a record low of -2.20% in March of 1999. The inflation rate in UK was last reported at 4% in December......

Words: 1644 - Pages: 7

Healthcare Comparison of the Usa and Nigeria

...Four Main Differences between the healthcare systems in Nigeria and the USA. Paul Fortune College of Nursing   After living in my native country, Nigeria for nearly twenty years of my life, I had the opportunity to relocate to the United States of America to live with my Dad while pursuing a career in Nursing. On getting to the United States of America or the USA as it is commonly called, I discovered how lovely and different the country really is. The USA was a lot different from what I had heard from stories back home in Nigeria. The previous three years, since January 2009 to be precise, has provided me first-hand experience of some major differences between my country of origin and the United States of America. In comparison, there are four main differences between the lifestyle of the United States of America and Nigeria. First, one of the many significant differences between the United States of America and Nigeria is its political institutions. The United States of America has two major political parties while Nigeria has a multiple party system. Though both practice some form of Federalism, the United States of America utilizes a system whereby the individual States have a high measure of autonomy or political control of their region. On the other hand, Nigeria has a strong central government that imposes law and rules that the state governments have to abide by. Furthermore, in the United States of America, the States provide most of its own resources,......

Words: 1009 - Pages: 5