The paper “ The Aspect of Entrepreneurship in Emerging Economies - Blackmore Vitamins Products in Thailand” is an affecting example of a business assignment. The process of creating a business venture entails deeper scrutiny and research. The aspect of developing an analysis into a business environment’ s government policies, competition, suppliers, target market, the need for growth comes in handy. Successful entrepreneurs are expected to possess certain characteristics which put them ahead of others. They are also expected to master and embrace essential skills as the need arises. Skills such as decision-making, communication, enterprising as well as people skills are some of these skills that prove way beyond ordinary entrepreneurship. In order to operate effectively under certain communities, successful entrepreneurs learn the importance of their surrounding societies.
In that case, they are expected to provide necessary support as needed by these communities in a process known as corporate social responsibility. They are also expected to provide educational sponsorships, participate in matters dealing with environmental conservation as well as the construction of social amenities within the scope of the area at hand. However, it is worth noting that entrepreneurship does not succeed without mentioning the challenges involved.
In our case some of these challenges involve financial constraints, government as well as market reception, implementation strategies; selection of effective suppliers as well as finding a competent salesforce since the products requires intensive sales skills. 3.0 IntroductionBlackmore Vitamins ltd is an internet-based company that provides health-related solutions to its users. The company has its establishments in Australia where it benefits from a large customer base as well as a steady market. The company was established in 2000 to assist with consulting services but later expanded to include forums where people got direct responses for their specific ailments.
In 2007, the company perceived the need to provide a platform upon which its already established clientele could access health-related products.
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