Reviewing the approach on establishing a pioneer firm in vibration condition monitoring in Drcongo

Abstract

The astonishing progression rate in technologies, education, and other environmental aspects, makes the entry order in a market as one of the most decisive factors for business growth and performance in present-day. Pioneering (early entry) is a crucial strategy for competitiveness and dynamic of a firm. Previous investigation has proven that in western markets, pioneers have better profitability and performance over followers. This work mainly focuses on the possibility to launch a vibration monitoring firm in The Democratic Republic of Congo. The conducted survey has shown that a considerable number of companies operating in The Democratic Republic of Congo are affected by the lack of skilled labor. Therefore, a growing concern among investors and entrepreneurs in The Democratic Republic of Congo is mostly oriented to qualified labor which provides business opportunities for those planning to invest in the engineering areas in the future. This thesis examines the technical parts of the business to be implemented by presenting a detailed overview of Finite element method, modal analysis and type of fault problems found in rotating machinery as well as the business model implementation. However, the third chapter discusses the advantages of entering first in the market and the impacts it can have in market share.