Tuesday, August 16, 2011

Policy Makers Advised to Cultivate Startups in their own Backyard According to Stanford Graduate School of Business Scholar


STANFORD, Calif. -- For just one example of entrepreneurship around the world, take a look at Argentina-based MercadoLibre Inc. It's a top Latin American e-commerce technology company and provides online systems to consumers and merchants doing business over the internet. Its CEO is Marcos Galperin, MBA'99. Operating in 12 Latin American countries plus Portugal, MercadoLibre went public in 2007, listing on the NASDAQ. The icing on the cake: getting on the Credit Suisse Research Institute's list of 27 "Great Brands of Tomorrow."


(This story reports on research at the Stanford Graduate School of Business and appears in the latest Stanford Knowledgebase, the free monthly information source of thoughts, ideas and research at the Stanford Graduate School of Business. To dig deeper, visit: http://www.gsb.stanford.edu/news/research/foster_young_cos_2011.html)�Nugget ice - you tend to find this type in places serving mainly soft and fizzy drinksThe 380-page report had its foundations in research started at Stanford in the early 2000s by Davila and Foster, who works with both the school's Center for Entrepreneurial Studies and the Center for Global Business and the Economy. Foster also is affiliated with two other Stanford campus initiatives on entrepreneurship: the Stanford Technology Ventures Program and the Stanford Program on Regions of Innovation and Entrepreneurship.In an air cooler, the refrigerant flows inside the metal tubes or finned tubes while air flows over them.�Crushed ice - this is mainly used by venues that focus on cocktails�Round ice - this is a popular choice with the more 'trendy' bars�Is there a source of cold water and drainage?The report aims to aid government policy makers by detailing and illustrating how entrepreneurs around the world think and tackle difficult business problems. It lays out some main paths entrepreneurs tend to pursue. Some, for instance, try to create an entirely new consumer trend or invent a new product. Or, an entrepreneur might form a company to commercialize a basic scientific discovery or to adapt a business idea that's already thriving in another country. The study details some of the many issues that can throw even the savviest entrepreneur for a loop, such as measuring market size, seeking funding, hiring managers, and understanding government regulations and taxation policies.Today's ice makers are very sophisticated - once the water is pumped into the machine it is frozen and then formed into the shape, or crushed. Once this process is finished the ice goes into the main storage unit where both you and your staff should be able to access the ice. You won't ever need to bother about not having enough ice again due to the fact that most machines now have a sensor built in that will not allow the ice to drop below a particular level - ensuring you have a continuous flow of ice for your customers on those hot summer days.In a liquid cooler, chilled water is cooled to a lower temperature and is pumped to remote air handling units, fan coils, or other terminals for air conditioning or other applications.Policy makers need to understand how early-stage companies work, what makes them successful, and what kind of local environment — political, regulatory, or otherwise — allows the small companies in their own backyards to thrive. Learning more about entrepreneurship, policy makers can act accordingly to create an entrepreneur friendly setting, or a "hot spot," in their home territory.

(This story reports on research at the Stanford Graduate School of Business and appears in the latest Stanford Knowledgebase, the free monthly information source of thoughts, ideas and research at the Stanford Graduate School of Business. To dig deeper, visit: http://www.gsb.stanford.edu/news/research/foster_young_cos_2011.html)




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