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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.
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.
Success sometimes leads to ego which leads to the killing of ownerBut it must be defended for more success and humility
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
False....................................................
thanks for invition ,,,,,,,,,,
i agree with experts answers
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.
False
big is computation from biggest co.
Thanks for the invite, I leave the answer to the experts, specialists in this area
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.