Supu gill final


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Unleashing entrepreneurship,
Do you think poverty is the only solution to alleviate poverty in developing countries.??

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Supu gill final

  1. 1. U NLEASHING E NTREPRENEURSHIP Making the business work for the poor SEPT, Leipzig,2011 Presented by: J ason J oel S upreet G ill B oru D.Roba
  2. 2. Focus of the UN Report <ul><li>“ How can the potential of the private sector and entrepreneurship be unleashed in developing countries? And how can the existing private sector be engaged in meeting the challenge?” </li></ul>
  3. 3. Deep poverty remains intractable
  4. 4. The Millennium Development Goals
  5. 5. <ul><li>Entrepreneurship: </li></ul><ul><li>“ Entrepreneurs are people who treat obstacles as daily exercise” </li></ul><ul><li>Unleashing Entrepreneurship: </li></ul><ul><li>“ Utilising the potentiality of Entrepreneurs for the Economic Development” - UN Report </li></ul>Definitions
  6. 6. <ul><li>“ The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector” - Henry Hazlitt </li></ul>Public & Private Sector
  7. 7.
  8. 8. <ul><li>The part of a nation's economy which is not controlled by the government. </li></ul><ul><li>“ For the poor – and often is the poor” </li></ul><ul><li>Contributes the Economic development </li></ul><ul><li>Empowering the poor through services </li></ul>Private Sector
  9. 9. More Investment – More Growth
  10. 10. <ul><li>CONSTRAINTS ON </li></ul><ul><li>THE PRIVATE SECTOR </li></ul>
  11. 11. Constraints on the private sector <ul><li>Widespread Informality:- </li></ul><ul><li>No registration </li></ul><ul><li>No taxes </li></ul><ul><li>No legal Status </li></ul><ul><li>Limited access to professional expertise </li></ul>
  12. 12. … constraints <ul><li>Few competitive Small and Medium Enterprises:- </li></ul><ul><li>Lack of skills. </li></ul><ul><li>Access to funds. </li></ul><ul><li>Lack of competitive pressure on large companies:- </li></ul><ul><li>Weak institutional environment. </li></ul><ul><li>Receive subsidies and other privileges. </li></ul>
  13. 13. Poor Entrepreneurship Foundation/Pillars
  14. 14. … constraints <ul><li>Global Macro Environment:- </li></ul><ul><li>Dynamic global economy. </li></ul><ul><li>Exchange of goods capital and information. </li></ul><ul><li>Transfer of Technology and ideas. </li></ul><ul><li>Domestic Macro Environment:- </li></ul><ul><li>Peace and political stability. </li></ul><ul><li>Corporate governance. </li></ul><ul><li>Sound macro economic policies. </li></ul>
  15. 15. … constraints <ul><li>The Rule of Law:- </li></ul><ul><li>Transparent legal framework. </li></ul><ul><li>Assignment and protection of property rights. </li></ul><ul><li>Physical and Social Infrastructure:- </li></ul><ul><li>The Roads, ports and Railway networks. </li></ul><ul><li>Energy, Water and Telecommunications. </li></ul><ul><li>Social amenities, Health and Basic Education. </li></ul>
  16. 16. <ul><li>UNLEASHING THE POTENTIAL </li></ul><ul><li>OF THE PRIVATE SECTOR </li></ul>
  17. 17. Unleashing The Potential Of The Private Sector <ul><li>´´ WHAT ´´are the constraints ? </li></ul><ul><li>´´ WHO ´´is tó lift them up ? </li></ul><ul><li>´´ HOW ´´ they are to be lifted ? </li></ul>
  18. 18.
  19. 19. Building the foundations <ul><li>Strengthening the Rule of Laws:- </li></ul><ul><li>Establishing a system to avoid conflicts. </li></ul><ul><li>Enforcing Property Rights:- </li></ul><ul><li>Specialized debt collection courts. </li></ul>
  20. 20. Erecting the pillars <ul><li>Create a Level Playing Field:- </li></ul><ul><li>Limits the cost and burden on enterprises. </li></ul><ul><li>Creating Competitive Market:- </li></ul><ul><li>Reducing the influence of incumbents. </li></ul>
  21. 21. <ul><li>Reforming Taxes- Simplicity, Clarity and Stability:- </li></ul><ul><li>Simplifying the rules applied. </li></ul><ul><li>Reducing the burdance and promoting stability. </li></ul><ul><li>Reforming Finance and Access to Capital:- </li></ul><ul><li>Creating efficient domestic financial markets. </li></ul><ul><li>Increasing the access to credit. </li></ul>
  22. 22. <ul><li>Develop Human Skills and Knowledge:- </li></ul><ul><li>Practical training on job with basic education. </li></ul><ul><li>Additional steps taken by Govt. </li></ul><ul><li>Buliding Entrepreneurial networks and associations. </li></ul><ul><li>Develop institutions of management learning. </li></ul><ul><li>Develop govt policies to encourage skilled emigrants to return home. </li></ul>
  24. 24. <ul><li>Serving Markets at the bottom of the Pyramid:- </li></ul><ul><li>Targeting bigger rural markets. </li></ul><ul><li>Forming Ecosystems and Building Networks:- </li></ul><ul><li>Increasing the power of networks. </li></ul><ul><li>FDI. </li></ul><ul><li>Transfer of skills. </li></ul>
  25. 25. <ul><li>Fostering Public Private Partnerships For Sustainable Development:- </li></ul><ul><li>Energy production and basic Water supply projects. </li></ul><ul><li>Environmental, human rights and labour standards. </li></ul><ul><li>Improving Corporate Governance:- </li></ul><ul><li>Safeguard measures against corruption. </li></ul><ul><li>Strenghtening the institutions. </li></ul>
  26. 26. <ul><li>Advancing responsibile business practices and CSR standards:- </li></ul><ul><li>Reconciling respect for the environment,social equity and financial profitability. </li></ul>
  27. 27. <ul><li>RECOMMENDED ACTIONS </li></ul>
  28. 28. <ul><li>Create enabling environment. </li></ul><ul><li>Formalize the economy. </li></ul><ul><li>Facilitate access to broader financing options. </li></ul><ul><li>Assist skills and knowledge development. </li></ul><ul><li>Linkages with MNC´s to nurture SME´s. </li></ul>
  29. 29. <ul><li>CONCLUSION </li></ul>
  30. 30. <ul><ul><li>Strong expansion in sustainable private sector. </li></ul></ul><ul><ul><li>Domestic private initiative within the small and informal sectors. </li></ul></ul><ul><ul><li>Governments need to create an enabling competitive market for private sector. </li></ul></ul><ul><ul><li>Developing and replicating successful models. </li></ul></ul>
  31. 31. Discussion <ul><li>In your opinion do you think entrepreneurship is the solution to alleviate poverty in developing countries??? </li></ul>