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Globalisation, Entrepreneurship and Emerging Economies

     1. Entrepreneurship and Supply chain Management
     2. Globalisation and Emerging Economies 

The best companies around the world are discovering a powerful new source of competitive advantage in business. It's called Entrepreneurship and they encompass all of those integrated activities that bring products to market and create satisfied customers. Furthermore, how today’s business firms use information technologies and systems to achieve corporate objectives. Information systems are one of the major tools available to business managers for achieving operational excellence, developing new products and services, improving decision making, and achieving competitive advantage. Each of our communities is having to wrestle with unprecedented change and has access to new technology as never before. Our increasingly complex lives are dependent on those who have the clarity of thought and the expertise to ensure that systems not only work but deliver in the optimum amount of time. The arrival of new and exciting technological platforms have broadened our horizons, whilst also affording fresh opportunities for that intent on criminal activity, especially cyber criminality. The challenges, whilst daunting, are also reasons for hope, for in them lies the scope for innovation.

When it comes to entrepreneurship many of the most exciting developments are taking place in countries that have embraced the likes of frugal innovation. Anyone who has read Charles W. Leadbeater’s The Frugal Innovator: Creating Change on a Shoestring Budget will have discovered that the Indian subcontinent has shown the way in many respects. There is considerable value to be gained from exploring how we educate the young to have a more entrepreneurial attitude to life as well as exploring whether we equip students with the core financial competencies that will enable their business idea a better chance of survival.

When it comes to supply chain management, it is simply stated "the supply chain encompasses all of those activities associated with moving goods from the raw-materials stage through to the end-user." Advocates for this business process realised that significant productivity increases could only come from managing relationships, information, and material flow across enterprise borders. Also "The delivery of enhanced customer and economic value through synchronised management of the flow of physical goods and associated information from sourcing to consumption." The goal of the extended enterprise is to do a better job of serving the ultimate consumer. Superior service leads to increased market share, if you can start measuring customer satisfaction associated with what a supply chain can do for a customer and also link customer satisfaction in terms of profit or revenue growth, then you can attach customer values to profit & loss and to the balance sheet. The future for Supply Chain Management looks very bright. This year, as well as last year, two major trends are benefiting Supply Chain Management operations. These are · Customer service focus · Information technology Successful organisations must be excellent in both of these areas, so the importance of Supply Chain Management and the tools available to do the job right will continue to expand.