Brunei’s Small and Medium size Entrepreneur’s who were in the Food and Manufacturing

Frequency and percentage distribution of the Food and Manufacturing industry respondents by their response on question number 23(State the number of employees in your company?)

23. State the number of ----------Food Industry-----Manufacturing Industry
employees in your company? -----(f)------ % -------------(f)------%
Micro[1 - 5] -------------------------34 -----48------------- 14 ----44
Small [6 - 50] -----------------------34 -----48 -------------13---- 41
Medium [51 - 100] ------------------3 -------4-------------- 5 -----16

The table shows that there were 34 respondents or 48% are categorized as Micro [1 - 5], and 34 respondents or 48% are categorized as Small [6 - 50]. Thus, represent greater majority of the study population. Only 3 or 4% are categorized as Medium [51 - 100]. This means that there were lots of businessmen in Brunei who have low capital.
On the other out 32 Manufacturing Industry respondents, 14 or 44% are categorized as Micro [1 - 5], 13 or 41% are categorized as Small [6 - 50] and lastly 5 or 16% are categorized as Medium [51 - 100].
Generally, it implies that Brunei food industry and manufacturing industry were engaged on small or micro-business in their country.

Entrepreneur avoided Hirarchies?

Based on the books that I have been read firms grew large to exploit economies of scale. Entrepreneurship avoided "hierarchies" with their attendant agency costs. It primarily shortened both the innovation cycle and the product cycle. Hierarchies control over resources and the creation of barriers to exit.

Gradually more of the economics literature is addressing the question of most advantageous scale and optimum diversification. For this manner internet world can be a learning tool for the new form of organizational control.

""Alliances," "partnerships," "market teams" are the new lexicon as entrepreneurs struggle to match resources with unpredictable needs. Big companies such as Cisco Systems are forming alliances as well as acquiring companies to keep their options open. Meaning the companies system is more of knowledge-based competition not on assets. Because assets can not be acquired but can go home at night

Societal Change (Entreprenuership)

Societal change

It is a common knowledge that an investors thinks of another opportunity to expound current control of their capital. The individual identifies an opportunity to be pursued and then, as an entrepreneur, must seek the resources from the broader society. Of course the opportunities depend on your financial capital. Greater financial capital leads to a greater horizon of opportunity.

On the other hand, Intellectual capital, human capital, and public capital in the form of infrastructure and social norms provide even more important resources to the entrepreneur.

The implanted perspective addresses the descriptive and practical weaknesses of the separation of different treatment of hierarchies and markets.

Over the last two decades history and culture of a more than forty countries it has been found out that there were some hypotheses emerge. These are expanding of entrepreneurship in communities, entrepreneurship members reinvest excess capital in the projects of other community members, entrepreneurship develops camaraderie rather than competition, and lastly entrepreneurship now is more of positive outlooks rather than negative.

Intellectual Onion

In 1983 the field of entrepreneurship was called “intellectual onion”. It was been called intellectual onion because of the principle “When you open the onion, you found nothing inside”. This quite scary because you don’t if the company you invest is an onion. Think about it most people invest with out prior knowledge on accountancy so they failed. For my advice please feel free to have accountant assistance before you invest.

On the other hand to avoid onion be sure that the company belongs to a mergers and acquisition. Merger and acquisition is one of the strategic plans done by the company. The company with merger and acquisition are most likely the successful company all over the world. Examples of it can be found in the companies in China. Now its up to you to explore the companies in China.