Summary
Depending wholly on trade liberalization to gain industrialization, economic growth and competitive advantage can be a drawback to technological development. Technological reforms are biased towards the overall industrial development. Performance can be effectively measured by narrowing it down to the least level which involves the sectors and the firms. From this approach, it is evident that if decision making is done at this level, firms can easily come up with strategies that enable them to venture into foreign markets (Figueiredo, 2008).
Strength
This article has successfully illustrated the advantage of laying down strategies and decisions at the firm level over the generalized performance. From this perspective, the challenges associated with expanding to foreign locations can be precisely anticipated and the counter acting strategies planned (Figueiredo, 2008).
Weakness
The article was seeking to bring out the reasons as to why reforms regarding government policies should be reviewed from the firm level. It has left out the influence of firm level performance review on the existing government policies. It does not indicate whether it gives better results or not. The outcome is missing (Figueiredo, 2008).
Conclusion
The change of learning strategies to take it to the micro level helps firms to adopt to the different government policies. It makes entering new markets in foreign countries easy regardless of whether the entrance is late or not.
The Impact of the Governmental Policy on the Transnational Companies’ Activities
Summary
For a firm to expand its operations into a foreign country successfully, it needs to learn the host country’s policies and procedures. It should establish the existing relationship between the two countries to avoid conflicts which can consequently affect its performance. Government policies are influenced by politics and social economic status of a given country. When a firm is expanding its operations, it should put such factors into consideration before venturing into a particular foreign location. The existing policies may change with the changing political systems (Golea, 2009).
Strength
This article has brought out the importance of market research as an aspect in business growth. It has identified the unforeseen issues that may disrupt a firm’s operations once established in a foreign location (Golea, 2009).
Weakness
This article is biased on the issues that can cause failure in foreign investment. It would be necessary to highlight the attractive aspects of foreign investment as well. Market research considers the negative and positive aspects that influence decisions, foreign investment involves these as well (Golea, 2009).
Conclusion
Foreign investment is a bold step towards business growth. However, it should be approached carefully because it has extra determining factors as compared to local investment. Integrating foreign government policies is a challenge that can have costly effects if a wrong step is taken.
The need for innovation as a rationale for government involvement in entrepreneurship
Summary
Governments have discovered entrepreneurship as a new strategy to creating employment and building the economy. Government intervention has enabled small micro enterprises to survive the competition posed by big firms. The government intervene by establishing friendly policies and legal frameworks as well as taxation. This way innovation is encouraged and these entrepreneurs are likely to grow into big firms thus better economies and economic growth (Michael & Pearce, 2009).
Strength
This article has provided the government with a good flat form in which to build their economies. The reasons as to why governments should support entrepreneurship have been analysed from both the government’s and entrepreneur’s point of view. (Michael & Pearce, 2009).
Weakness
This article suggests that consumer welfare is more important than producer welfare. This is not the case and both welfares should be given equal consideration while formulating government policies (Michael & Pearce, 2009).
Conclusion
Entrepreneurship is a good strategy for governments to create employment and encourage innovation. It is advisable for government to support it by establishing policies that favour entrepreneurs.
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