Innovation and Entrepreneurship in Asia

As we have earlier discussed that people are well equipped and well informed and making great changes to develop the region and challenging America’s innovation. The recent survey of 200 mostly Fortune 500 companies found an "irreversible process" of traditional white-collar jobs being sent to Asia. Different data findings have shown that major leading American companies are not puling down this innovation in Asia. They are struggling to reduce the shortage of qualified and trained people by giving them fresh knowledge. They recognize that technology is a factor that can make a company and nation powerful. And without it, it is hard to achieve the economic goals. The great example is Japan and Korea, Japan has covered the Korean companies using technology.

China felt that they had several excellent sources, but their manufacturing capacity was limited. When orders swelled, it was decided to establish more industries in China to produce the more quality items and for this purpose America invested in it. This was the time when China entrepreneurs were working carefully with their partner. China however, continued to be interested in foreign investment, and Meringola found that he was welcomed by the Chinese, who helped set up “cooperative manufacturing” contracts, for his medical supplies. On the contrary, China assumed that America is obliged to make contracts with china.

In Asia, every company of different countries is trading and doing business at a large scale to generate new horizons and opportunities to their business and business people and this will definitely help in the development of region. Japan and China, for example, doing business and exchanging even their customers. They are utilizing innovative ideas and inventing new ways of business.