Enjoyed your previous work/paper. Thank You
This is the next assignment
Review the following video (open the link in a new tab):
http://video.mit.edu/watch/stuart-lloyd-hart-next-generation-strategies-for-the-base-of-the-pyramid-274
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The Legatum Convergence, presented by the Legatum Center at MIT, is the global forum on
entrepreneurship in emerging markets. Every year, aspiring and established entrepreneurs, venture
capitalists, angel investors, academics and others interested in entrepreneurship and bottom-up
development convene at this marketplace of ideas.
The desire to establish, own, and operate a business is one of the foundations of American life. The
United States’ economic system was and continues to be built upon the idea and reality of private
enterprise. Basically, the entrepreneur sees a need and then brings together the manpower, materials,
and capital required to meet that need. They often go where others fear, creating and developing a
niche. In spite of recessions, depressions, inflation, Republicans, Democrats, and at times the
scarcity of new ideas; the American dream of owning a business is becoming world wide.
After viewing the video, prepare your response to the following:
Should the injection of capitalism through “bottom-up” entrepreneurship be one of the key options that
all countries should consider for immediate implementation to address the worldwide recession issues?
What are the ramifications? What are the other options beyond the “bottom-up” entrepreneurship?