Steve Mariotti, Kaizen interviewee and founder of the Network for Teaching Entrepreneurship (NFTE), wrote about his experiences with young entrepreneurs at the Bright China Entrepreneurial Spirit Award (BESA) ceremony. “…These young people would most likely end up as low-income workers in factories. Through the NFTE/Bright China program, they were inspired to start their own businesses,” Mariotti said.
Dr. Stephen Hicks, CEE’s Executive Director, talks with Federico Fernández and Martin Sarano, co-founders of Bases Foundation, on the political and economic climate in Argentina.
The Center for Ethics and Entrepreneurship welcomes Federico Fernández and Martin Sarano to Rockford College this Thursday, October 13, from 11 am to 12:15 pm, in Scarborough 208. Fernández and Sarano will give a joint lecture entitled “Doing Business in Argentina: The current business climate and the ethical dilemmas it presents to entrepreneurs and corporations.”
Federico N. Fernández and Martin Sarano are the co-founders of Bases Foundation, a non-for-profit organization devoted to foster awareness and promote the benefits that individual freedoms bring to society. Mr. Fernández (President of Bases Foundation) is currently editing a book on Karl R. Popper which will be published in 2012. Mr. Sarano (Vice President of Bases Foundation) is a Chicago Booth MBA student and has worked in different corporate and consulting roles in various industries.
All members of the campus community are welcome to attend.
A Kauffman Foundation report, “The Grass is Indeed Greener in India and China for Returnee Entrepreneurs,” concludes that Indian and Chinese students in America are more likely to return home to pursue their career goals as those economies improve. “Most returnees now say the entrepreneurial advantages are better in their home countries, where they can benefit from lower operating costs, heightened professional recognition, greater access to local markets and a better quality of life than they could attain in the United States,” the report states. While this “reverse brain drain” will impact entrepreneurship in America, as many entrepreneurs are Chinese and Indian immigrants, most returnees still maintain their American contacts, which could create more international business opportunities.
Magatte Wade: “How an African Entrepreneur is Working to Solve African Problems”
Magatte Wade is a serial entrepreneur who was raised in Senegal, educated in Germany and France, and began her entrepreneurial career in the San Francisco Bay Area, where she co-founded Adina World Beverages. Her current project is The Tiossano Tribe, Inc., a high-end skin care products line. Magatte writes and speaks for many audiences, and is on the boards of several non-profits that support African causes, including Afropop Worldwide, the SEEDS Academy, AllforAfrica.com, and ASNAPP.
Michael and Magatte will give their talks in conjunction with Dr. Hicks’s Business and Economic Ethics class on:
Jonathan Ortmans covered Bolivia in his recent Policy Forum Blog post. “…[I]t is young firms that grow that provide the most benefits to society in terms of job and wealth creation and innovation,” he writes. “Thus, the challenge ahead for Bolivia is to enable more growth entrepreneurs.” the problem, according to Ortmans, is that the Bolivian government’s policies “discourage the participation of entrepreneurs in the economy.”
However, “young Bolivians understand that they can create a “new” breed of enterprise, different from the micro-businesses that have flourished in Bolivia due to necessity. They envision enterprises that capture opportunities for innovation and that generate more employment, more wealth and improved social conditions for everyone in the process.”
Via the Policy Forum on Entrepreneurship, here is a good New York Times article on entrepreneurship in Argentina. With the government in debt, and with little access to credit, “slowly, Argentines are beginning to trust and invest in each other.” The article profiles the founders of a software startup as examples of how the response of individuals to the stormy economic climate of Argentina is changing.
Entrepreneurship is becoming more popular in Brazil, despite the relative difficulty of starting a business there and the complexity of the country’s tax system.