Saint Leo University Strategic Thinking for Entrepreneurs Response Discussion

Question Description

respond to this persons discussion

Must be at least 100 words

Must use in book citation

Wheelen, T.L., Hoffman, A., Hunger, D. J. & Bamford, C. (2018). Concepts in strategic management and business policy; Globalization, innovation and sustainability(15th ed.). Retrieved from https://vitalsource.com/

  • Chapter 10: Strategy Implementation: Organizing and Structure
  • Chapter 11: Strategy Implementation; Staffing and Directing
  • Chapter 13: Suggestions for Case Analysis
  • For this discussion I chose to research countries in Africa. “According to the African Development Bank, 22 percent of Africa’s working-age population are starting businesses. This is the highest entrepreneurship rate in the world. Africa’s female entrepreneurship rate is also the highest in the world; 27 percent of the female adult population is engaged in early-stage entrepreneurial activity. This means African women are twice as likely to start a business as women elsewhere in the world. Small and Medium Enterprises are now the biggest formal employers in Sub-Saharan Africa and will undoubtedly be key in creating the 54 million jobs that Africa is expected to create by 2022.” (Gwaambuka, T. 2019). The two countries I chose was South Africa and Morrocco. “South Africa
    Capital: Cape Town
    Largest city: Johannesburg
    Population: 57 million
    Economy: GDP = $371 billion. GDP per capita = $6,459Morocco
    Capital: Rabat
    Largest city: Casablanca
    Population: 35 million
    Economy: GDP = $122 billion. GDP per capita = $3,441″ (Author Unknown, 2019). Africa also has the youngest working population in the world but there would be alot of drawbacks if I wanted to start by business in another country. I don’t think the type of restaurant I want to open would be very popular there. There would be a big language barrier and their laws and taxes are much different than here in the states. Money value is much different there than here so actually it would be cheaper to open a business there than here but even though females start a lot of the new businesses there they tend to make less money.
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