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Endeavor

Page history last edited by PBworks 15 years, 7 months ago

 


 

see kookyplan links:  entrepreneuremerging markets , social entrepreneur

 

 

Endeavor 

 

http://www.endeavor.org/

http://www.endeavor.org.br/

 

 

 

The New York City-based non-profit organization links top entrepreneurs in developing countries with leading business thinkers around the world. These individuals advise the entrepreneurs on their most important business issues, helping their businesses grow to benefit their local communities—and hopefully, with enough growth, their countries. BCG supports Endeavor in two ways: aiding in the selection process of Endeavor entrepreneurs, and providing these entrepreneurs with consulting assistance on topics such as strategy, business models, organization, and operations. Recently, BCG helped two Endeavor entrepreneurs in Argentina design the strategy that would enable their corporate e-learning business to simultaneously enter multiple markets, which has led to the business emerging as an industry leader and its global expansion to 114 countries.

 

 

Partnership with Boston Consulting Group (see careers - management consulting)

     -   From BCG: "In conjunction with our Latin American offices, BCG Miami has established strategic alliances with the Latin American branches of Endeavor. "

 

 

How endeavor started:

 

Getting Endeavor started required some classic start-up doggedness of its own. At first, the philanthropic foundations Ms Rottenberg courted regarded the project as too elitist. “They complained that we were only trying to build a middle class, not to help the poor, despite all the academic evidence that a strong middle class is essential to prosperity,” she recalls. Eventually Stephan Schmidheiny, a Swiss industrialist who has given away a large chunk of his fortune in Latin America, was persuaded to provide some seed capital, and Endeavor was up and running, initially in Argentina and Chile. Today it operates in 11 countries, including South Africa, Turkey and, most recently, Jordan.

 

Why a non-profit?

 

Funding has long been a problem for Endeavor. As a non-profit, it has to rely on donors—many recruited through a glitzy annual gala in New York—which has been tough at times, as in the months after the terrorist attacks of September 11th 2001. Would it make more sense to be a for-profit operation? Endeavor has struggled constantly with whether to pursue profits, but each time has concluded no, says Ms Rottenberg, who also says she declined the chance to set up a $100m fund focused on emerging-market entrepreneurs. “If Endeavor had been an investor, rather than an independent, objective, non-profit enabler, it would not have been trusted by the business elite, or the entrepreneurs,” she insists. “Trust is everything.”

 

source:  economist

 

 

About Endeavor:

 

Endeavor’s model consists of five key components:

  1. Enter- Endeavor targets emerging market countries transitioning from international aid to international investment and seeks out local partners to build Country Boards and launch local offices.
  2. Select- Endeavor screens hundreds of entrepreneurs in each country to identify those with the highest impact potential and selects candidates with the most innovative ventures and promise as future leaders as Endeavor Entrepreneurs.
  3. Support- Endeavor provides customized local and global services to its entrepreneurs to dramatically increase their chances of success. These services include mentoring, business plan and strategy development, media exposure, and introductions to obtain capital.
  4. Promote- Endeavor partners with local media and universities to promote Endeavor Entrepreneurs as role models.
  5. Influence- Endeavor works with governments and multilateral institutions to examine policy changes that would promote entrepreneurship and venture capital.

 

Over the last ten years, Endeavor Entrepreneurs have created 50,000 jobs that pay on average 10 times the national minimum wage. In 2005 alone, Endeavor Entrepreneurs generated US$1.375 billion in revenues and secured approximately US$900 million in financing through Endeavor’s network. Of 236 chosen high-impact Entrepreneurs, 96% of entrepreneurs’ companies are still operating in countries where most entrepreneurial ventures close with in 42 months. As former president of the World Bank and Endeavor Board of Directors member James Wolfensohn said, “Endeavor has played an instrumental role in promoting entrepreneurship as a tool for development. It is a model that should be replicated around the world.”

 

 

Model: Hybrid Not-for-Profit

Geographic Area of Impact: Argentina, Brazil, Chile, Colombia, Mexico, South Africa, Turkey, United States, Uruguay

 

Focus: Enterprise Development

 

The Innovation

Endeavor was launched in October 1997, inspired by a novel idea: identify and support high-impact entrepreneurs in emerging markets as a means to sustainable economic growth. Until recently, few saw this focus on high-impact entrepreneurs (those with the potential to create innovative, large-scale companies) as a legitimate tool for development. By 2005, however, Endeavor demonstrated that high-impact entrepreneurs in emerging markets, given an international seal of approval and the right support, can create thousands of jobs, generate millions of dollars in wages and revenues and serve as inspirational role models in their countries.

 

 

BackgroundThe basic philosophy behind Endeavor is that real growth in emerging markets will come from a robust private sector rather than from subsidies and handouts. Studies have proven that high-impact entrepreneurship and new venture creation are essential drivers of economic growth and social mobility. Entrepreneurship as an engine of economic growth, however, is largely absent from emerging and developing countries. Endeavor tries to address this by applying the missing ingredients – role models, mentors and the audacity to “think big” – to high-impact entrepreneurs in these markets who are starting bigger companies, rather than to one- or two-person enterprises.

 

 

StrategyThrough its rigorous, internationally acclaimed “Search and Selection” process, Endeavor identifies entrepreneurs leading innovative, high-growth companies with the potential to become role models to aspiring entrepreneurs in their countries. Endeavor then develops customized work plans (including local business mentors, international MBA interns, strategic workshops and, where appropriate, road shows to raise capital) for each selected Endeavor Entrepreneur. The 236 certified Endeavor Entrepreneurs (screened from over 12,000 candidates as of December 2005) have generated more than 25,000 new jobs and nearly US$ 1 billion dollars in wages and revenues, and told their stories to tens of thousands in classrooms and conferences. What is more, they have shown the tenacity to survive both the dot.com crash and currency devaluation (95% of Endeavor companies are still in operation). Endeavor Entrepreneurs are recognized role models in their communities and, together with Endeavor, are helping to break down social barriers to entrepreneurial activity. Headquartered in New York City, Endeavor plans to take its model to Colombia, Turkey and the North Africa/Middle East region in the near future.

 

 

 

Endeavor Global Is a Movement to Unleash the Entrepreneurial Spirit in Emerging Markets Around the World.

We help visionary entrepreneurs with daring ideas create jobs, transform their communities, and connect their countries to the global economy.

We have a proven, breakthrough model.

 

We go garage by garage, neighborhood by neighborhood, country by country; find entrepreneurs with innovative, high-growth companies; pluck them from obscurity; offer them hands-on support; and place them in boardrooms with the best business minds in the world. We then bring these role models to university classrooms, television studios, and cabinet ministries to inspire a national commitment to entrepreneurship.

 

 

Why?

High-impact entrepreneurship is the most powerful and efficient way to build wealth democratically in a society. Entrepreneurs create jobs, spread social mobility, and generate a sense of possibility.

 

But in emerging markets, entrepreneurs rarely flourish. Only a handful of families control the nation's resources. With few role models and limited access to capital, young innovators feel paralyzed and don't take risks. The rest of the country loses hope. The economy stagnates. International aid organizations are routinely called upon to intervene.

 

Endeavor breaks this cycle of frustration by unleashing entrepreneurship. The result is self-sustaining economies fueled by a new generation of business leaders.

 

We're a pioneering non-profit: Part talent scout; part real-time business school; part mentor encouraging young leaders to give back.

 

Since 1997, Endeavor has opened affiliates across Latin America, in Argentina, Brazil, Chile, Mexico and Uruguay. In 2004, we launched our first African affiliate, in South Africa.

 

We now aim to expand our model to those emerging markets with the greatest potential to become significant players in the global economy.

 

 

Results

After 6 1/2 years of existence, Endeavor has screened close to 10,000 entrepreneur candidates; certified and supported 174 Endeavor Entrepreneurs in five Latin American countries; helped our entrepreneurs generate over 15,000 jobs and $650 million in revenues; engaged close to 2,000 business leaders in Endeavor's VentureCorps mentor networks; reached over 48,000 emerging-market citizens through Endeavor educational events; celebrated entrepreneurship in scores of media articles, television programs and case studies.

 

Endeavor's "Venture Catalyst" model engages top-level global and local business leaders, US business students and academics in our Search & Selection process, mentoring programs, eMBA internships, management workshops, and public conferences. For many, Endeavor is the first opportunity to contribute to a social cause in a way that directly utilizes their business skills. These top-notch business leaders have logged over 10,000 hours for the mentoring and Search & Selection programs, and 230 MBAs from the leading US business schools have dedicated their summers to working alongside Endeavor Entrepreneurs to tackle their most critical strategic issues.

 

Learn more | Get involved

 

 

Personal SnapshotWhen Linda Rottenberg first spoke of her idea, everyone told her she was crazy. “There are no entrepreneurs in emerging markets,” they proclaimed. She faced an additional hurdle: there were no philanthropists, either. Determined to shatter these myths, Rottenberg stalked potential donors at the gym and outside restrooms. She logged over a million airline miles and ultimately convinced top business leaders in Latin America and South Africa not only to donate more than US$10 million, but also to dedicate their time and passion to the organization and its entrepreneurs. Today, she is recognized both for empowering high-impact entrepreneurs worldwide and for inspiring a new generation of philanthropists. "Two things drive my work at Endeavor," says Linda, "a passion for helping young people make their dreams come true and the challenge of creating a new kind of non-profit, one that borrows the best practices from the private sector to achieve development goals in the most high-impact and sustainable way possible."

 

 

 

 

 

 JOB openings

 

 

Programs_Job_Descriptions_Mar08.pdf 

 

 

 

 

 

 

 

 

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