why entrepreneurial ventures fail

why entrepreneurial ventures fail

In working out your responses to the Integration Question, choose examples from your own experience or find appropriate cases on the Web which you can discuss. You will receive credit for references you make to relevant examples from real companies. Please make sure that you cite and reference all your outside sources properly, as per the Harvard Referencing System.
You have now reached the concluding week in this Business in Emerging Markets course module. As a capstone assignment incorporating the knowledge you have gained over the past weeks of the module, please prepare a response to the following Interation Question (IQ), which will focus on the relationship between opportunities for business and social innoviation in emerging markets.
For your Module Project you prepared a proposal to join with an outside partner to develop a business that combined profitability with a social initiative to help those who are at the bottom of the economic pyramid.

For this question, assume that instead of a for-profit organisation, you are going to partner with a non-profit organisation, NGO, or governmental entity. How would you align your proposal to address this new form of partnership? What would the most significant changes be?

Considering what you have learned in this module, briefly state your personal vision for achieving social impact in an emerging market. What steps can you take to achieve this vision?

Special instructions,

1.Write a response to 750 words and also supplement your observations with some original secondary-sourced references drawn from the University of Liverpool online library or other reliable sources. Remember to cite and reference examples from the Resources for this week.

 

Articles
Brugmann, J. & Prahalad, C.K. (2007) ‘Cocreating business’s new social compact’, Harvard Business Review, 85 (2), pp.80-90, Business Source Premier [Online].University of Liverpool link: http://sfxhosted.exlibrisgroup.com.ezproxy.liv.ac.uk/lpu?genre=article&isbn=&issn=00178012&title=Harvard+Business+Review&volume=85&issue=2&date=20070201&atitle=Cocreating+Business%27s+New+Social+Compact.&aulast=Brugmann%2c+Jeb&spage=80&sid=EBSCO:Business+Source+Premier&pid= (Accessed: 14 October 2010).

The role of corporations in society is changing. The authors of this article explore how recent corporate scandals have shaken society’s confidence in the modern corporation. In response, nongovernment agencies are partnering with corporations and developing new business models in an effort to operate more effectively in low-income markets and restore confidence in the role of corporations in society.
Hart, S.L. & Christensen, C.M. (2002) ‘The great leap MITSloan Management Review, 44 (1), pp.51-56, Business Source Premier [Online]. University of Liverpool link: http://sfxhosted.exlibrisgroup.com.ezproxy.liv.ac.uk/lpu?genre=article&isbn=&issn=15329194&title=MIT+Sloan+Management+Review&volume=44&issue=1&date=20020901&atitle=The+Great+Leap.&aulast=Hart%2c+Stuart+L.&spage=51&sid=EBSCO:Business+Source+Premier&pid= (Accessed: 14 October 2010).

In this article, the authors argue that businesses can be socially responsible and still be profitable at the same time. Many companies are competing for the same business and the authors suggest that there is a huge, untapped market at the bottom of the pyramid—a market that would be profitable while helping to address social and environmental issues.
Khavul, S. (2010) ‘Microfinance: creating opportunities for the poor?’, Academy of Management Perspectives, 24 (3), pp.58-72, Business Source Premier [Online]. University of Liverpool link: http://sfxhosted.exlibrisgroup.com.ezproxy.liv.ac.uk/lpu?genre=article&isbn=&issn=15589080&title=Academy+of+Management+Perspectives&volume=24&issue=3&date=20100801&atitle=Microfinance%3a+Creating+Opportunities+for+the+Poor%3f&aulast=Khavul%2c+Susanna&spage=58&sid=EBSCO:Business+Source+Premier&pid= (Accessed: 16 December 2010).

This article presents an overview of the field of microfinance lending. The author presents a summary of historical facts about successes of the practice and then articulates a number of additional research questions that need to be studied to gauge its true effectiveness.
Perez-Aleman, P. & Sandilands, M. (2008) ‘Building value at the top and the bottom of the global supply chain: MNC-NGO partnerships’, California Management Review, 51 (1), pp.24-49, Business Source Premier [Online]. University of Liverpool link: http://sfxhosted.exlibrisgroup.com.ezproxy.liv.ac.uk/lpu?genre=article&isbn=&issn=00081256&title=California+Management+Review&volume=51&issue=1&date=20081101&atitle=Building+Value+at+the+Top+and+the+Bottom+of+the+Global+Supply+Chain%3a+MNC-NGO+PARTNERSHIPS.&aulast=Perez-Aleman%2c+Paola&spage=24&sid=EBSCO:Business+Source+Premier&pid= (Accessed: 14 October 2010).

This article examines partnerships between multinational corporations and nongovernmental organisations in emerging markets and how these partnerships can be used to include small-scale businesses in the global supply chain.
Thompson, J.D. & MacMillan, I.C. (2010) ‘Making social ventures work’, Harvard Business Review, 88 (9), pp.66-73, Business Source Premier [Online]. University of Liverpool link: http://sfxhosted.exlibrisgroup.com.ezproxy.liv.ac.uk/lpu?genre=article&isbn=&issn=00178012&title=Harvard+Business+Review&volume=88&issue=9&date=20100901&atitle=Making+Social+Ventures+Work.&aulast=Thompson%2c+James+D.&spage=66&sid=EBSCO:Business+Source+Premier&pid= (Accessed: 14 October 2010).

Many entrepreneurial ventures fail due to poor planning and lack of funds. The authors of this article present planning tools and strategies that help entrepreneurs successfully continue their socially beneficial missions. The authors believe the lessons presented are also applicable to other corporations, multinationals and NGOs.
Torres-Baumgarten, G. & Yucetepe, V. (2009) ‘Multinational firms’ leadership role in corporate social responsibility in Latin America’, Journal of Business Ethics, 85 (Supplement 1), pp. 217-224, SpringerLink [Online]. University of Liverpool link: http://dx.doi.org.ezproxy.liv.ac.uk/10.1007/s10551-008-9940-8 (Accessed: 16 December 2010).

Many large U.S.-based multinational companies have a presence in the emerging market region of Latin America. This article utilises a 3 by 3 matrix to evaluate the corporate social responsibility (CSR) efforts of these large multinationals. The authors purport that other organisations will follow the lead of the larger multinationals, and therefore, their CSR efforts need to be evaluated.
Web Site
Financial Services Authority (2005) What we do [Online]. Available from: http://www.fsa.gov.uk/Pages/About/What/index.shtml (Accessed: 2 February 2006).

This is the official government web site of the Financial Service Authority, which regulates the financial services industry in the UK.

ORDER THIS ESSAY HERE NOW AND GET A DISCOUNT !!!

 

 

 

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.

 

[order_calculator]