Applying innovation idea of Grameen Phone(Grameen Bank Project) in the Research Paper

Applying innovation idea of Grameen Phone(Grameen Bank Project) in the new geographical location (Perhaps Kazakhstan) - Research Paper Example An exhaustive analysis of this business model shows that among the superfluity of explanations, three essentials are generally notable: The product or service anticipated for the clienteles. The manner in which the company is structured so as to provide this product and service to its clients. The profits concept. Social businesses could be viewed as a detachment of social private enterprise, which comprises both profit and non-profit ingenuities, and which could be notable from conservative entrepreneurship. Therefore, a social business is a novel formula of business that could be positioned anywhere between a profit-making and a non-profit-making business enterprise.2 In the year1996, in partnership with other three overseas enterprises, the Grameen Bank formed a mobile phone firm, the Grameen Phone, to spread telephone facilities through Bangladesh. Without any land-line facility in most of the Bangladeshi villages, mobile phone know-how was vital to usher the country into the ele ctronic communication age. By thought-provoking the conventional knowledge and rules of business, Grameen Phone had opened a novel market. In relation to the Grameen Phone innovation policy, its application in Kazakhstan would indeed be a real benefit when considering that the country has some imbalances in terms of poverty levels. It would allow most of the poor or middle class persons to access loans that would enable them change their financial stature. Precedencies for the innovation strategy are all hypothetically. To achieve long-standing strategic policies and innovation methods defies the distinctive focus that deals with developing a suitable environment to let the mechanisms of the Grameen Phone innovation policy. The worldwide practice demonstrates that a country: in this case Kazakhstan, with a market economy can collaborate with the private segment stakeholders in essential alterations in the economy.3 A good example of this case scenario is that of the current China wh ich also follows the innovation policy of teamwork with the private sector in scheming strategic innovation and industrial development ways. 1) Investment co-ordination- Like in most parts of Kazakhstan, the unfledged markets are not in a position to evaluate the demand for new improved quality services and 4products to be manufactured through development of the production channels. This investment innovation co-ordination model policy recommends certain dimensions at both the state and private establishments. 2) Business collaboration development ingenuities. Hands-on state business collaboration strategy could be unswervingly targeted to reinforce business contacts in the following groupings: Particular groups of investors formulate innovative market areas and are an indicator on information on invention criteria. Purveyors of equipment permit production involvement alongside it. Purveyors of inputs add to generation of new innovative ideas and invention approaches while consideri ng challengers as a rich basis for new concepts.5 Countries with unfledged market may require a facilitator to stimulate the snowballing market allowance and business collaboration procedures. Founded on the global experience, the approach implementation ought to put emphasis at initiatives pursuing investments synchronization and expansion of business collabor