Mongolian American Business Development

Development Mongolian Businesses in the USA

Jagdagdorj ErkhembayarMongolian American Chamber of Commerce

http://www.monamerchamber.org

Denver, COOctober 16, 2009

TOPICS

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.

Differences in American and Mongolian Business Culture on-going research study.

How we can collaborate? What we all do? What advantages we have? What MACC could offer for you? MACC messages …

GOAL OF THE STUDY :

To look at the development of Mongolian-owned businesses in the USA;

To see the general trends in their businesses;

RESEARCH QUESTIONS :

What types of businesses are being developed in Mongolian community living in USA?

What is the nature of their businesses? How are their businesses are tied back to Mongolia?

RESEARCH METHOD : Content analysis of advertisements and classifieds in

Mongolian newspapers published in USA and websites for Mongolian community;

Newspaper is a reflection of history; Not many records of previous research on the topic.

NEWSPAPERS & WEBSITES : American Mongols newspaper – 24 issues covering two years: 2002 - 2003; Dayar Mongol newspaper – 126 issues covering years: 2004 - 2007 Dayar Mongol news website: www.dayarmongol.com Orloo website: www.orloo.com; Hamag Mongol website: www.hamagmongol.net Mongol Medee website: www.mongolmedee.net Zamdaan magazine: www.zamdaan.com

DATA COLLECTION :

Data were collected from about 200 business related ads and classifieds from two newspapers;

News content was analyzed in few cases; Data collection: December, 2007-March 2008;

BUSINESS TRENDS :

Connection with home country; Helping Mongolians to settle in USA Serving US market (beyond Mongolian community)

Business Trends 2003-2004

40%

41%

19%Connection with HomeCountryHelping Mongolianssettling in USAUS market

CONNECTION WITH HOME COUNTRY :

Video and audio services (conversion of the systems, rental, sale)

Communication (phone card) Selling goods made in Mongolia Organization of various cultural and sport events for

Mongolians Freight forwarding (cargo and containers) Money transfer Gift delivery in Mongolia (flowers, gifts);

HELPING TO SETTLE IN THE USA :

retail car repair insurance real estate (home sale, mortgage) cleaning services food service (party, food) Media services (newspaper, magazine, websites) information services (translation, notary services) tax preparation

SERVING TO AMERICAN MARKETS :

Car repair Insurance Real estate (home sale, mortgage) Cleaning services Tax preparation Legal / consulting services Home repair / re-modeling Granite / Marble Improvement Logistics / truck owner operator services Dentist Chiropractic

22

1316

107

0

5

10

15

20

25

Target Area 2003-2004

Washington CDarea

San Francisco,Bay Area

Denver,Colorado Area

Chicago, IllinoisArea

other city, townarea

ON-GOING RESEARCH

Using qualitative approach interviewing business owners.

More comprehensive study on the Mongolian-owned business development in USA;

Seeking for funding for research;

CULTURE AND WORKPLACE DIFFERENCES

Power Distance.

Individualism versus Collectivism.

Uncertainty Avoidance.

Masculinity versus Femininity.

IMPLICATIONS OF THE STUDY

The study will have both academic and practical implications;

It will be a good addition for the USDOC export document; It will help businesses from Mongolian to access U.S.

market. Contribution to Mongolian studies and research in

minority-owned business development; Help Mongolian communities to get better information

about businesses; Information sharing, knowledge sharing, and collaboration

within the community; Connection with other communities and expand their

services

WHAT WE ALL DO?

Creating a strong local economy.

Promoting the community.

Providing networking opportunities.

Representing the interests of business with government.

SMALL BUSINESS OWNERS

Making mistakes will cost you much more than our professionals do. Manage and develop your business with a team of experts.

MONGOLIAN EXPORTERS, IMPORTERS, & INVESTORS

How much does it cost to do it wrong? Properly expand your business with a team of experts.

U.S. EXPORTERS & INVESTORS

Understand opportunities for the Mongolian market with a team of experts with high business culture knowledge.

MEMBERSHIPS

Corporate Members - $600, Associate Members - $300, Not for Profit Organization Members - $150, Professional Members (doctors, lawyers, insurance or real

estate agents, etc.) - $100, Individual Members - $60, Student Members - $40, Out-of-country (not Mongolian) Entities - $300

Yearly membership fee in USD.

Thank you!

Questions?

email: jag.erkhembayar@monamerchamber.orgphone: 573-268-5312fax: 916-248-8659twitter: jagdagdorjblog: argamag.blogspot.comyahoo: jagdag_elinked-in: jagdagdorj erkhembayar