![]() If you study in the east, your investment will be x and returns will be 2x but in the west, returns are 4x or 8x. The best talent also flows to western countries as it gets higher rewards.In other countries, similar ideas do not fructify into cash-generating businesses as infrastructure and regulatory bottlenecks pose an obstacle. America has 40% of the world’s wealth as entrepreneurs can create a very big company in a small span of time owing to a super supportive ecosystem.The difference between a successful and failed enterprise is quite often attributed to a lack of supportive ecosystem. Some management gurus even include the kind of technology used and management practices followed like kaizen as part of the business environment. The literal definition of an organization’s business environment includes a superset of both internal and external factors that influence the operations of a company on the ground in all the facilities it operates. Business environment is a very wide term including suppliers, wholesalers, retailers, vendors, employees, consultants, directors. ![]()
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