Archive for June 2010

“Entrepreneurship,” A Prosperity Paper

Here’s an article from the CIPE archives that places entrepreneurship in the larger context of the business environment:

There is much more to opening a business than having the right idea and being willing to take a risk. For entrepreneurial ideas to take place, the right environment needs to be put in place. It includes entrepreneurial training and development programs as well as government support and assistance programs, such as access to risk capital. More importantly, a business-friendly environment requires a sound legal and regulatory framework that rewards entrepreneurial initiatives, ensures fairness, protects and enforces private property rights, and promotes efficiency.

Download the CIPE Economic Reform Issue Paper:
Entrepreneurship

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Biases of the Beginner Manager

After accumulating extensive management experience and conducting intensive management trainings over the past fifteen years, Sergey Filin and Tatiana Filina of the Kazakhstan Institute of Directors observe that beginning managers continue to encounter the same difficulties and continue to make the same mistakes. While their observations and recommendations focus on individuals entering into management roles, the authors maintain that their findings are relevant for managers at all levels.

For the sake of clarity, the authors divided their observations into three sections: misperceptions, mistakes, and problems. Misperceptions include the following: “I need to keep things as they were with my former colleagues, who are now my subordinates,” “I have to help my subordinates because they cannot get by without me,” “My subordinates will teach themselves how to do their jobs,” and “I am not managing people, but rather business processes.” Additionally, the authors observe the following mistakes: “Now that I have become a manager, I risk losing my field of expertise,” “I must be more competent than my subordinate in everything,” and “I can now perform only that work, which I find to be particularly interesting.” Finally, the authors indicate that beginning managers face problems such as “how do I manage people older than me” and “I continue to fulfill previous professional obligations, despite the promotion to management.”

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CIPE 2010 International Youth Essay Contest

Deadline: June 18, 2010

The Center for International Private Enterprise (CIPE) invites young people to share their ideas on how to create opportunities for youth to strengthen democracy and the private sector in their countries. Students and young professionals aged 18-30 are welcome to participate by writing an essay on one of the three topics: Democracy that delivers, Entrepreneurship and society, or Women and participation. Winning articles will be published by CIPE and receive a $1,000 honorarium.

Please visit the 2010 International Youth Essay Contest website at www.cipe.org/essay for further information and details about the contest.

To share an item with the Community of Young Entrepreneurs send an email to: partners@cipe.org

Book – Entrepreneurship in Africa: The Spiritual Dimension

Entrepreneurship in Africa: The Spiritual Dimension, by Stewart Chibanda, explores how our mindset and attitudes affect our enterprises. It offers a 3-Dimensional approach to entrepreneurship – managerial, financial and spiritual. The book clearly demonstrates that entrepreneurship is a journey full of joy, trials and tribulations. It demystifies the paradoxical side of entrepreneurship by offering hope to the entrepreneurship Journey.

Stewart Chibanda is an author and partner in the consulting firm, Hope and Daniels, which is based in Malawi.

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South African Entrepreneurship Education Competition

You may be aware that the Global Entrepreneurship Monitor (GEM) found that South Africa has less than 10% of its population engaged as entrepreneurs. The GEM report suggested that entrepreneurship education at school level will provide for the most leverage to change this situation. An absence of a high level of entrepreneurial activity has the negative impact of low economic growth, weak democracy, unemployment, high dependency on government support for citizens to make a living, high crime rate and other socio-economic ills.

Provision has been made for entrepreneurship education within the “Learning Outcomes” and “Assessment Standards” of most subjects taught at secondary school level. Many secondary schools have “market days” and other initiatives to stimulate interest in entrepreneurship as a career choice amongst learners. The Entrepreneurship Education Simama Ranta 2010 Competition (which means “uplifting the South African economy” through youth entrepreneurship) with Eskom as the sponsor for this year, has been initiated to recognize and reward those schools who could serve as role models in the effective delivery of entrepreneurship education.

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