Endeavor Global Assignment Example | Topics and Well Written Essays - 1000 words

Endeavor Global - Assignment Example A case can be made as to why there is a bias against entrepreneurs from emerging markets with the level of trade and economic development in those countries (Nath, 2008). Generally, economic growth and development in emerging markets is not as rapid as what prevails in developed markets. To this end, entrepreneurs are faced with several difficulties, among which is the need to raise capital to fuel the growth of their businesses. It is against this backdrop that the works of various non-governmental organizations who aim at fostering entrepreneurship through the provision of technical and financial support in emerging markets remain very crucial. In this paper, the role of Endeavor Global as a non-governmental organization with such similar focus is critically analyzed. The analysis shall be taken from an appraisal perspective, aiming at examining the strengths, weaknesses and opportunities of the organization. NGO’s Mission and Operational Practices Endeavor Global has a simp le mission of â€Å"lead the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best High-Impact Entrepreneurs around the world† (Endeavor, 2013). This mission spelt out by the organization clearly defines the operational practices that they follow in the accomplishment and achievement of their goals as an organization. First, the organization functions as a catalyst for economic growth. This means that the organization believes that economic growth would take place in one way or the other among businesses and companies. However, it takes an extra effort to facilitating the rate of expected economic growth and this extra effort is what Endeavor Global seeks to stand for. Again as part of operational practices, the organization sets itself up for strict research and development into emerging markets to identify and monitor entrepreneurs whose business operations bring them to that stage or level of global competitiveness that ca n be referred to as ‘High-Impact’. By high-impact, reference is made to entrepreneurs who have been identified to have great potential for impact (Crabb, 2008). Finally, the organization is concerned with issuing out specific technical and financial support to all such high-impact entrepreneurs that are identified. Successful creation of social change Indeed, the entire paradigm of operational complexity that is practiced by Endeavor Global is focused on the creation of social change and the improvement of markets in emerging countries. This is because the organization operations on the theoretical principle of social entrepreneurship. By social entrepreneurship, reference is being made to the selection and support of entrepreneurs who exhibit key ideologies of operation such as being mission-related, have a perceived need of clients, and have need for profit, though not making it a primary motivation (Sesan, 2006). In effect, Endeavor Global has focus for entrepreneurs whose ultimate goal is to influence and improve society through their business operations. This must however not be mistaken for nonprofit organizations as it is very much possible to be profit oriented and yet focused on social growth and change. Apart from this approach taken by the organization, the fact that is makes its target of entrepreneurs from emerging markets alone can be said to be a huge focus on social change. This is because there is enough research evidence to support the notion and thinking that most of the world’s social challenges and problems that need to be changed and improved are in emerging and developing markets (Hundnut & DeTienne, 2010). In effect, any support