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05 Jun 07

Innovations In Emerging Markets: Petty Errands Inc. -- A Tale of Small Business Enterprise in Africa

  • Family members and relatives kept asking him to handle their errands. So much so, that Stephen finally resolved to charge for his service -- which led to the birth of Petty Errands. Today, Petty Errands is one of the most successful courier services in Nairobi, and Stephen has been recognized as the “Most Inspiring Business Person” by Kenya Television Networks.
31 Oct 06

Report from China: The New Entrepreneurs — HBS Working Knowledge

  • Q: What's a "sea turtle" and why is it important in discussing the development of entrepreneurism in China?


    There are many paths to successful venture creation, and viewing the phenomenon from a completely different perspective is enlightening.

    A: We heard the phrase "sea turtle" a few times. These are the Chinese who spend significant time abroad and then come back to China to "lay eggs," that is, start new ventures. In addition to bringing with them insights, skills, attitudes, tangible assets, and contacts that are useful to their ventures, the government has created incentives to attract them back to China, and is more lenient or flexible regarding new venture formation.

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