Business difference in developed countries

[Ayuba Ernest]

The world of business is constantly evolving, and the differences between developed and developing countries are becoming more pronounced. In developed countries, businesses are able to take advantage of advanced infrastructure, skilled labor, and access to capital, while in developing countries, businesses often have to contend with poor infrastructure, unskilled labor, and a lack of access to capital. As a result, businesses in developed countries are able to operate more efficiently and effectively, and they are able to generate more profits.


One of the biggest advantages that businesses in developed countries have over businesses in developing countries is access to advanced infrastructure. In developed countries, businesses have access to reliable electricity, transportation, and communication networks. This allows businesses to operate more smoothly and efficiently. In contrast, businesses in developing countries often have to contend with power outages, poor roads, and spotty cell phone coverage. As a result, businesses in developed countries are able to get more work done and they are able to serve their customers better.


Another advantage that businesses in developed countries have is access to skilled labor. In developed countries, businesses have access to a pool of educated and experienced workers. This allows businesses to get the specific skills and knowledge they need to be successful. In contrast, businesses in developing countries often have to rely on unskilled labor. As a result, businesses in developed countries are able to produce higher quality products and services.


Finally, businesses in developed countries have access to capital. In developed countries, businesses can get loans from banks and investors. This allows businesses to finance their operations and expand their businesses. In contrast, businesses in developing countries often have difficulty accessing capital. As a result, businesses in developed countries are able to grow and thrive, while businesses in developing countries often struggle to survive.

 

[btaliat]

You have really said the problems faced by some local businesses. In fact, kudos should be given to those local business owners in some third world countries. I was astonished when Jack Dorsey sold his business to Elon at $44 billion. Meanwhile, I know a website in Nigeria years before Twitter but it has not worth$100 million. That's the power of country.

Staging business in the first world countries is always a blessing. There is access to loan and even some governments helps. Most businesses in Nigeria, for instance, which have reached the top can never deny government excess love for them or being corrupt. For instance, allegedly, there is a man in Nigeria who's adjudged the richest man, people know he really enjoyed government patrimonialism.

The epileptic nature of electricity in most African countries has really helped in contributing to the current nature of the local business. No business will survive if there is no constant access to light to run the business.t the cost of diesel and other fuels has even take away the profit.


Another angle is that most people living in the first work are always comfortable and can afford whatever they want to buy unlike here where majority only borrow to buy luxury things.

 

[Kingsley]

You have both really nailed it here on this topic, honestly I am now of the opinion that developmentdoes not just happen by accident but by careful planning and a very strong self will to achieving those plans. There is indeed a very wide disparity between running of a business in a developed country and doing same in an underdeveloped or developing country.

Infact most of the data i get from thr news about how degrading Nigeria has been mostly under the current leadership is very heart breaking, and it is so shameful that they do not realise or have decided not to realise the extent of the damage that they have caused this country.

One of the beautiful thing about running a business in a developed society or country can be seen clearly in the area of security, in the development country they have a well robust security systems that is been put in place to forestall all forms of attacks that might disrupt economic growth and advancement, this is clearly missing in my country and anything goes here and business men and women are always been faced with alot of challenges on a daily basis.

Then the economic planning team is also terrible here as compared to the advanced or developed nations of the world due to corruption.