Endeavor- Determining a Growth Strategy Table of Contents Question A- What is Endeavour trying to do? And do you believe they have been effective so far? 2 Question B- What Significant impact of entrepreneurial activity can have on the economy? 2 Question C- What does it take to create supportive environment for entrepreneurial company? 3 References 5 Bibliography 6 Question A- What is Endeavour trying to do? And do you believe they have been effective so far? Answer: - Endeavour is a non profit organization and has been aiming to stimulate and support the entrepreneurs in the emerging markets. It has been able to identify the outstanding entrepreneur ventures and has been able to guide them to succeed.
In order to support entrepreneurship it has been developing local infrastructures. Yes, it has been quite effective in their ventures as they have received wide spread praise for their identification of outstanding entrepreneurial related ventures which helped in time of general decline in the economy and increasing unemployment to generate many new jobs and generate revenues for the region. Question B- What Significant impact of entrepreneurial activity can have on the economy? Answer: - Entrepreneurship has a major impact on the economy.
From the data provided in the case study it is evident that it helps the economy by creating new jobs and generating revenue. Entrepreneurs are also responsible for the research and development as well as innovations. New inventions help to improve the economy as it provides better way and cost effective way of performing a task. Entrepreneurship also leads to creation of wealth which aids the entire economy to sustain and also to flourish. These factors highlight the impact of entrepreneurship in economy (Barker, “Importance of Entrepreneurship”).
Question C- What does it take to create supportive environment for entrepreneurial company? Answer: - In order to create a supportive environment for entrepreneurial activity there is a requirement for the leaders at the community, country or at regional levels to play an elementary role. There are also requirement for infrastructural support like collection of the service providers who can help with technical assistance, networking, mentoring and financial assistance. Before starting any venture it is also important to ensure that there is adequate support from the team members without whose support it becomes difficult to run a company.
Question D - What are the barriers to entrepreneurship? Think about what your own country/ region has to offer and what it lacks. Do you believe Endeavor’s strategy is an effective approach for dealing with these issues? Answer: - There are many barriers to entrepreneurship as cited in the case study. The first barrier is the lack of risk and initiative taking abilities among the people of many countries. In many countries the entrepreneurs had difficulty in raising capital to finance their projects.
Understanding the cross country picture is again one of the serious barriers in entrepreneurship. Hiring managers as well as skilled workers for the venture is another difficulty, it has also been found that many people don’t have much information as to what entrepreneurship actually means. Yes, Endeavour strategy is an effective way of dealing with these barriers as it always took problems as a challenge. They made an attempt to bridge the gap which existed to remove the barriers to entrepreneurship. The global development model also encouraged the interested entrepreneurs to go ahead with their ideas as endeavor provided aid in terms of financial support.
These strategies were certainly path breaking venture. Question E- What issues do you believe Endeavor is confronting and will confront as it grows? Specifically, how fast should they grow, which country should they target, and how should they fund their headquarters operations? Answer: The issues that Endeavour will confront as they grow are with regards to the finance as well as human resource management and acquiring adequate support from them in its venture.
They can target Brazil as it has helped Endeavour in funding operations and has also been effective in generating huge amount of revenues. They can also look to make global expansion by targeting country like India, as India is a rapidly developing country and there is a lot of untapped interest and enthusiasm for entrepreneurial ventures which would expedite Endeavors growth. Funding for its headquarters can be possible through global endowment fund. References Barker, J., “Importance of Entrepreneurship”. September 13, 2010. Young Entrepreneurs of America. No Date. Bibliography Sahlman, W. A.
& Roberts, M. J. Endeavor—Determining a Growth Strategy Harvard Business School, 2003.