Development Mongolian Businesses in the USA Jagdagdorj Erkhembayar Mongolian American Chamber of Commerce http://www.monam...
<ul><li>TOPICS </li></ul><ul><li>Development of Mongolian-owned businesses in the USA   the research study “Content analys...
<ul><li>GOAL OF THE STUDY : </li></ul><ul><ul><li>To look at the development of Mongolian-owned businesses in the USA; </l...
<ul><li>RESEARCH METHOD : </li></ul><ul><ul><li>Content analysis of advertisements and classifieds in Mongolian newspapers...
<ul><li>DATA COLLECTION : </li></ul><ul><ul><li>Data were collected from about 200 business related ads and classifieds fr...
 
<ul><li>CONNECTION WITH HOME COUNTRY : </li></ul><ul><ul><li>Video and audio services (conversion of the systems, rental, ...
<ul><li>HELPING TO SETTLE IN THE USA : </li></ul><ul><ul><li>retail </li></ul></ul><ul><ul><li>car repair </li></ul></ul><...
<ul><li>SERVING TO AMERICAN MARKETS : </li></ul><ul><ul><li>Car repair </li></ul></ul><ul><ul><li>Insurance  </li></ul></u...
 
 
 
<ul><li>ON-GOING RESEARCH </li></ul><ul><li>Using qualitative approach interviewing business owners. </li></ul><ul><li>Mor...
<ul><li>CULTURE AND WORKPLACE DIFFERENCES </li></ul><ul><li>Power Distance. </li></ul><ul><li>Individualism versus Collect...
<ul><li>IMPLICATIONS OF THE STUDY </li></ul><ul><li>The study will have both academic and practical implications; </li></u...
<ul><li>WHAT WE ALL DO? </li></ul><ul><li>Creating a strong local economy.   </li></ul><ul><li>Promoting the community.   ...
<ul><li>SMALL BUSINESS OWNERS </li></ul><ul><ul><li>Making mistakes will cost you much more than our professionals do. Man...
<ul><li>MONGOLIAN EXPORTERS, IMPORTERS, & INVESTORS </li></ul><ul><ul><li>How much does it cost to do it wrong? Properly e...
<ul><li>U.S. EXPORTERS & INVESTORS </li></ul><ul><ul><li>Understand opportunities for the Mongolian market with a team of ...
<ul><li>MEMBERSHIPS </li></ul><ul><ul><li>Corporate Members - $600, </li></ul></ul><ul><ul><li>Associate Members - $300, <...
<ul><li>Thank you! </li></ul><ul><li>Questions? </li></ul><ul><li>email: jag.erkhembayar@monamerchamber.org phone: 573-268...
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Mongolian American Business Development

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MACC Introduction Denver 2009 Presentation

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Mongolian American Business Development

  1. 1. Development Mongolian Businesses in the USA Jagdagdorj Erkhembayar Mongolian American Chamber of Commerce http://www.monamerchamber.org Denver, CO October 16, 2009
  2. 2. <ul><li>TOPICS </li></ul><ul><li>Development of Mongolian-owned businesses in the USA the research study “Content analysis of business advertisements” by Borchuluun Yadamsuren, Jagdagdorj Erkhembayar, & Oyungerel Avirmed and continuing MACC researches. </li></ul><ul><li>Differences in American and Mongolian Business Culture on-going research study. </li></ul><ul><li>How we can collaborate? What we all do? What advantages we have? What MACC could offer for you? MACC messages … </li></ul>
  3. 3. <ul><li>GOAL OF THE STUDY : </li></ul><ul><ul><li>To look at the development of Mongolian-owned businesses in the USA; </li></ul></ul><ul><ul><li>To see the general trends in their businesses; </li></ul></ul><ul><li>RESEARCH QUESTIONS : </li></ul><ul><ul><li>What types of businesses are being developed in Mongolian community living in USA? </li></ul></ul><ul><ul><li>What is the nature of their businesses? </li></ul></ul><ul><ul><li>How are their businesses are tied back to Mongolia? </li></ul></ul>
  4. 4. <ul><li>RESEARCH METHOD : </li></ul><ul><ul><li>Content analysis of advertisements and classifieds in Mongolian newspapers published in USA and websites for Mongolian community; </li></ul></ul><ul><ul><li>Newspaper is a reflection of history; </li></ul></ul><ul><ul><li>Not many records of previous research on the topic. </li></ul></ul><ul><li>NEWSPAPERS & WEBSITES : </li></ul><ul><ul><li>American Mongols newspaper – 24 issues covering two years: 2002 - 2003; </li></ul></ul><ul><ul><li>Dayar Mongol newspaper – 126 issues covering years: 2004 - 2007 </li></ul></ul><ul><ul><li>Dayar Mongol news website: www.dayarmongol.com </li></ul></ul><ul><ul><li>Orloo website: www.orloo.com; </li></ul></ul><ul><ul><li>Hamag Mongol website: www.hamagmongol.net </li></ul></ul><ul><ul><li>Mongol Medee website: www.mongolmedee.net </li></ul></ul><ul><ul><li>Zamdaan magazine: www.zamdaan.com </li></ul></ul>
  5. 5. <ul><li>DATA COLLECTION : </li></ul><ul><ul><li>Data were collected from about 200 business related ads and classifieds from two newspapers; </li></ul></ul><ul><ul><li>News content was analyzed in few cases; </li></ul></ul><ul><ul><li>Data collection: December, 2007-March 2008; </li></ul></ul><ul><li>BUSINESS TRENDS : </li></ul><ul><ul><li>Connection with home country; </li></ul></ul><ul><ul><li>Helping Mongolians to settle in USA </li></ul></ul><ul><ul><li>Serving US market (beyond Mongolian community) </li></ul></ul>
  6. 7. <ul><li>CONNECTION WITH HOME COUNTRY : </li></ul><ul><ul><li>Video and audio services (conversion of the systems, rental, sale) </li></ul></ul><ul><ul><li>Communication (phone card) </li></ul></ul><ul><ul><li>Selling goods made in Mongolia </li></ul></ul><ul><ul><li>Organization of various cultural and sport events for Mongolians </li></ul></ul><ul><ul><li>Freight forwarding (cargo and containers) </li></ul></ul><ul><ul><li>Money transfer </li></ul></ul><ul><ul><li>Gift delivery in Mongolia (flowers, gifts); </li></ul></ul>
  7. 8. <ul><li>HELPING TO SETTLE IN THE USA : </li></ul><ul><ul><li>retail </li></ul></ul><ul><ul><li>car repair </li></ul></ul><ul><ul><li>insurance </li></ul></ul><ul><ul><li>real estate (home sale, mortgage) </li></ul></ul><ul><ul><li>cleaning services </li></ul></ul><ul><ul><li>food service (party, food) </li></ul></ul><ul><ul><li>Media services (newspaper, magazine, websites) </li></ul></ul><ul><ul><li>information services (translation, notary services) </li></ul></ul><ul><ul><li>tax preparation </li></ul></ul>
  8. 9. <ul><li>SERVING TO AMERICAN MARKETS : </li></ul><ul><ul><li>Car repair </li></ul></ul><ul><ul><li>Insurance </li></ul></ul><ul><ul><li>Real estate (home sale, mortgage) </li></ul></ul><ul><ul><li>Cleaning services </li></ul></ul><ul><ul><li>Tax preparation </li></ul></ul><ul><ul><li>Legal / consulting services </li></ul></ul><ul><ul><li>Home repair / re-modeling </li></ul></ul><ul><ul><li>Granite / Marble Improvement </li></ul></ul><ul><ul><li>Logistics / truck owner operator services </li></ul></ul><ul><ul><li>Dentist </li></ul></ul><ul><ul><li>Chiropractic </li></ul></ul>
  9. 13. <ul><li>ON-GOING RESEARCH </li></ul><ul><li>Using qualitative approach interviewing business owners. </li></ul><ul><li>More comprehensive study on the Mongolian-owned business development in USA; </li></ul><ul><li>Seeking for funding for research; </li></ul>
  10. 14. <ul><li>CULTURE AND WORKPLACE DIFFERENCES </li></ul><ul><li>Power Distance. </li></ul><ul><li>Individualism versus Collectivism. </li></ul><ul><li>Uncertainty Avoidance. </li></ul><ul><li>Masculinity versus Femininity. </li></ul>
  11. 15. <ul><li>IMPLICATIONS OF THE STUDY </li></ul><ul><li>The study will have both academic and practical implications; </li></ul><ul><li>It will be a good addition for the USDOC export document; </li></ul><ul><li>It will help businesses from Mongolian to access U.S. market. </li></ul><ul><li>Contribution to Mongolian studies and research in minority-owned business development; </li></ul><ul><li>Help Mongolian communities to get better information about businesses; </li></ul><ul><li>Information sharing, knowledge sharing, and collaboration within the community; </li></ul><ul><li>Connection with other communities and expand their services </li></ul>
  12. 16. <ul><li>WHAT WE ALL DO? </li></ul><ul><li>Creating a strong local economy. </li></ul><ul><li>Promoting the community. </li></ul><ul><li>Providing networking opportunities. </li></ul><ul><li>Representing the interests of business with government. </li></ul>
  13. 17. <ul><li>SMALL BUSINESS OWNERS </li></ul><ul><ul><li>Making mistakes will cost you much more than our professionals do. Manage and develop your business with a team of experts. </li></ul></ul>
  14. 18. <ul><li>MONGOLIAN EXPORTERS, IMPORTERS, & INVESTORS </li></ul><ul><ul><li>How much does it cost to do it wrong? Properly expand your business with a team of experts. </li></ul></ul>
  15. 19. <ul><li>U.S. EXPORTERS & INVESTORS </li></ul><ul><ul><li>Understand opportunities for the Mongolian market with a team of experts with high business culture knowledge. </li></ul></ul>
  16. 20. <ul><li>MEMBERSHIPS </li></ul><ul><ul><li>Corporate Members - $600, </li></ul></ul><ul><ul><li>Associate Members - $300, </li></ul></ul><ul><ul><li>Not for Profit Organization Members - $150, </li></ul></ul><ul><ul><li>Professional Members (doctors, lawyers, insurance or real estate agents, etc.) - $100, </li></ul></ul><ul><ul><li>Individual Members - $60, </li></ul></ul><ul><ul><li>Student Members - $40, </li></ul></ul><ul><ul><li>Out-of-country (not Mongolian) Entities - $300 </li></ul></ul><ul><ul><li>Yearly membership fee in USD. </li></ul></ul>
  17. 21. <ul><li>Thank you! </li></ul><ul><li>Questions? </li></ul><ul><li>email: jag.erkhembayar@monamerchamber.org phone: 573-268-5312 fax: 916-248-8659 twitter: jagdagdorj blog: argamag.blogspot.com yahoo: jagdag_e linked-in: jagdagdorj erkhembayar </li></ul>

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