Entrepreneurship. Validity of Claim in Emerging Markets and Assignment

Entrepreneurship. Validity of Claim in Emerging Markets and Stakeholder contribution in making Claim Realizable - Assignment Example The market itself has also been a focus of discussion to identify key conditions and factors that make businesses succeed on emerging markets. Getting to the later part of the series of lessons, there was focus on the role that various non-governmental agencies play in emerging markets to ensure that businesses operating in these markets experience success. As Dr. Yunu makes this all important claim of how each person is a potential entrepreneur, the various ideas developed over the weeks can be summed up in reasoning with Dr. Yunu. In this integration paper, two major issues are discussed. The first is the potential that the statement of Dr. Yunu has in becoming a reality in emerging markets, and the level to which various stakeholders have played their role in facilitating entrepreneurship and Dr. Yunu’s idea. Validity of Claim in Emerging Markets Generally, there has been a realization that most people who are entrepreneurs in various emerging markets, particularly in N-11 countries are not people who are world acclaimed entrepreneurs with records of setting up blooming and flourishing multinational companies around the globe. Considering various business plans, it would be noticed that most of these entrepreneurs are ordinary degree holders in various subject areas, with some kind of zeal to succeed (Dib, da Rocha and da Silva, 2010). In relation to the statement of Dr. Yunu therefore, it can be said that as far as emerging markets are concerned, there is a huge level of possibility of the claims to be reality. Having said this however, lessons from previous weeks’ discussions on leadership qualities would also bring in a word of caution that as much as all people would want to attempt to be entrepreneurs, it is important that efforts are made on the need to learn and acquaint oneself with key leadership and entrepreneurship skills when operating in an emerging market (Naude and Rossouw, 2010). The fact that most emerging markets are not very developed must not be a reason or a cause for entrepreneurs to overlook the kind of competition they can present their businesses with. Stakeholder contribution in making Claim Realizable The weeks gone have also been very useful in understanding the roles that governments and other stakeholders such as nongovernmental organization have to play and have been playing in various emerging markets. As far as governments are concerned, a lot have been said as criticism against their actions and efforts so far. For example, most governments in emerging markets, particularly the Brazilian government has been criticized for doing virtually nothing to too little in ensuring that the form of support it gives to young entrepreneurs, especially those coming from foreign countries are financial support (Cahn, 2008). Meanwhile, as much as the other forms of support are important and relevant, even Dr. Yunu admits that financial constraints remain the most challenging obstacle to most young entrep reneurs who would have wanted to make the advocacy of his claim a reality by opening businesses in emerging markets. Currently, the commonest forms of support that exist for various entrepreneurs come in the form of political and environmental support as against economic support (Thukral et al, 2008). For the example, the likelihood that an entrepreneur will face opposition in the opening of a new venture in an emerging market such as Brazil is highly unlikely. But except one is an indigenous or local entrepreneur, the possibility of receiving support from the government is almost zero. The reason this is so is that government sees