GMS 200 Lecture Notes - Lecture 7: Limited Partnership, General Partnership, Sole Proprietorship

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

Lecture 7 class notes: new venture creation. Can the entrepreneur identify a market niche that is being missed by other established firms: a niche market is not the same as a new market. Resisting staying canadian even if you live in china, same attitudes, following same culture, language etc. Adjusting basically becoming chinese, adopting culture, attitudes, language etc. Assimilator have adopted chinese culture, marry chinese. Conservative everything they do is still based on the values of their home country, foreign attitudes, rather marry a foreigner. Adventurer accept every invitation, try everything, follow instincts easily, looked at as early assimilators that eventually move up. Cautious everything they do, they"re careful, don"t get involved in local activities unless they"re completely sure, don"t really engage with adventurers, restricted of certain attitudes: success factors and challenges in china. Language positive to understand the language of the country. Cash money sometimes only cash is acceptable, some barriers/rules, but also risks.