This PPT slide, part of the 24-slide Partnerships with Emerging Market Startups PowerPoint presentation, outlines a strategic approach to addressing the challenges faced by startups in emerging markets, primarily focusing on the immaturity of the entrepreneurial ecosystem. It identifies the limitations and gaps in these markets, often referred to as the "last mile" problem. This issue manifests in various forms, including unreliable information, weak property rights, and ineffective government systems, which complicate the operational landscape for startups.
The text emphasizes that in such environments, competition may be stunted, and the lack of impartiality can hinder contract execution. It highlights that many startups struggle to access essential resources and support from global companies, which is crucial for their growth. The strategy proposed involves building trust-based relationships between global firms and local startups. This collaboration is essential for ensuring that both parties can successfully navigate the complexities of the entrepreneurial landscape.
Global corporations are encouraged to provide substantial support to these startups, recognizing their limited capabilities. This support can take various forms, including mentorship and customized training programs tailored to the specific needs of the emerging market. The example of IBM's enhanced startup program in China illustrates how a global company can effectively localize its offerings to better serve startups in these regions. Overall, the slide conveys the importance of strategic partnerships and the need for global firms to adapt their approaches to foster growth in emerging markets.
This slide is part of the Partnerships with Emerging Market Startups PowerPoint presentation.
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