Guest Post: How can international development promote entrepreneurial skills in the developing world?


Because I am getting to the end of my degree I’m looking at job sites more often to try and figure out how I’m going to get a start in the big bad world of employment.

Luckily Marie Cullen emailed me this post which has given me some ideas on what I should be thinking about offering. The focus on management as a useful skillset for ID is something I’ve been thinking about for a while so I’m glad to see someone else mention it. Hopefully this will help some of you guys as well.

flipchart fun

More people should experience the flipchart fun of management training

There are many ways that international development may promote entrepreneurial skills in global developing countries. Strengthening management skills through training resources and capacity building are highly important to motivating positive change.

Essential internal adjustments must be instituted in order to foster the social progress necessary toward sustainability. Initiatives need to be created to improve education, employment and civic engagement that will lead to entrepreneurial opportunities for citizens of developing countries. Activities might include:

  1. Management training programs that focus upon strategies for creating higher levels of employment by improving small businesses in developing economies and countries in transition.
  2. Promoting the awareness of new opportunities, while addressing the challenges associated with self-employment and small business entrepreneurship.
  3. Creating practical tools and programs dealing with the long term positive effects of an entrepreneurial culture. For example, courses of study that address how youth can shape their future to contribute to their country’s social and economic development.
  4. Initiating and supporting organizations that directly provide training and tools for the betterment of challenged global economies.
  5. Inspiring growth through education using private along with governmental resources to offer scholarships for sustainable, practical training programs aimed at micro and small business development.
  6. Reaching higher productivity through motivational business competitiveness, while still respecting rules of law and worker rights.
  7. Sustaining an enterprise culture through private and cooperative entities that strive for increased livelihoods for employers and workers alike.

Integration and Collaboration

Integrated programs support the establishment of small to medium scale and sustainable businesses. Collaborative efforts ensure that specific growth objectives are met, while organizations offer various types of economic and educational services assistance.

All of these efforts should be designed toward the long term overall goal of creating more business and employment opportunities in each region and at every level.

Case Study 

Micro finance has proven to be one of the most effective ways to advance out of the devastation of poverty. For example, through global organizations such as The Greater Contribution, small donations are made to the poor in countries such as Africa to start small, sustainable businesses designed to support families, as well as communities.

Micro loans may be as little as £40 and are granted to individuals (usually women) so that they may establish or expand small, self-sustaining businesses. For example, a small amount of money may be used to buy chickens for the sale of eggs. When the chickens multiply, there are more chicks and eggs to sell.

Because the micro loans are repaid on a 90 to 120 day schedule, responsibility is transferred to business owners. Since loans are repaid at rates of 97 to 98%, it is possible to continually loan the proceeds, multiplying the opportunities. As a result, the number of people who transition from poverty to lives of contribution for themselves, their families and their communities continues to grow.

Micro loans can make the difference between earnings of £24 each month to earning over £144 per month, equal to a 500 per cent income increase. The extraordinary benefits of programs such as these are a testament to how small amounts of money can lead to grassroots personal and community financial empowerment.

Discussion between private citizens, enterprises and governments can provide a powerful shared vision and framework. When implemented, this foundation can lead to the global creation of entrepreneurial skills and optimal survival in developing countries.

Marie is a avid careers development adviser at recruitmentrevolution.com and a keen supporter of international development through entrepreneurial skills 

 

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One thought on “Guest Post: How can international development promote entrepreneurial skills in the developing world?

  1. Today, I went to the beachfront with my kids.
    I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

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