Solved: If you were an entrepreneur at a firm in China (such as Little Sheep) or in emerging economies

Entrepreneurs can draw various lessons such as:

1. Product and processes should be kept simple and standardized.
2. Expansion should be in core businesses areas with restricted control,
3. In starting, solid operational base is very important rather than profits,
4. There should be a alignment of interest in the investors and the management to secure positive results from invested capital.
5. Having expert knowledge is very important in succeeding in an industry in emerging economies