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- During this Global Entrepreneurship Week, CIPE celebrates Karolo Perez Vigil, a young Peruvian entrepreneur and a graduate of CIPE’s EmprendeAhora program.
- Karolo and his teammates received first prize in the capstone EmprendeAhora business plan contest for their idea for a bio tourism venture in the San Martín region of Peru.
- Karolo leveraged the success of his company, BioAdventure, to create a larger enterprise, Selva Constructor. With over $304,000 in revenue, Selva provides work for eight employees in its headquarters and on average 60 laborers on construction sites.
Several years ago, the understanding of corporate social responsibility (CSR) among companies in Indonesia was poor and patchy. The situation was not much better among the public – there were many misperceptions about what companies ought to do and much confusion over what CSR really entails. Though the concept is not new in the global community, it has only recently emerged as a popular topic in Indonesia. While many companies operating in Indonesia find it exciting to include CSR in their business strategies, the term is often overused and poorly defined.
Some CEOs connect CSR with a connection, albeit vague or tenuous, between charitable contribution and business. Others say that most of their corporate donor programs have nothing at all to do with business strategy, although they admit the programs could generate positive publicity and boost employee morale.Read more...
CIPE: You recently launched a new initiative to try and expose bribery around the world – BRIBEline. What is it all about?
Alexandra Wrage: BRIBEline is a secure, multi-lingual, web-based mechanism through which companies and individuals can anonymously report bribe demands. The idea behind it is very simple – often, in countries around the world, companies and individuals become victims of extortion by public officials, but they cannot always get the information out and let the public know of such demands. So, we tried to create an information tool to try and expose extortion by launching BRIBEline.Read more...
In 1999, Kazakhstan was still in the beginning stages of its transition to a market-based economy. The transition had begun during perestroika in the late 1980s, when individuals were permitted to form their own businesses, called co-operatives. These entrepreneurial pioneers immediately attracted skilled workers from the state sector.
This paved the way for private sector development after 1991, though small- and medium-sized enterprises (SMEs) faced significant societal, institutional, and political barriers to growth. In its formative years, small-scale entrepreneurship in Kazakhstan was characterized by highly variable growth dynamics. In addition, a consistent national strategy in support of SMEs was not established, nor were sector and regional priorities identified.Read more...
As competition for investment is increasing throughout the world, economies seeking investment, both foreign and domestic, are realizing that business transactions follow stability. One of the best ways to ensure stability is to assure investors that when they enter a new market, they will be able to retain control of their profits and personnel, enforce contracts, and engage in productive activities – and will not be trapped by inefficient regulations. If an investor thinks his/her property is going to be expropriated, suspects the rules of the game will change arbitrarily, or feels the system is unstable, then most often that investor will decide that it is not worthwhile to do business in that market.Read more...
Fundamental and conflicting opinions about business ethics have been raised and debated for years. These views extend to questioning the very purpose of business itself. At one end of the spectrum is the Nobel Prize winning economist Milton Friedman, who concludes that corporate executives are responsible only for maximizing profit. At the other end is the late management thinker Peter Drucker, who argues that business must comply with the same ethical principles as everyone else.
“The question is,” Friedman posed, “do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer is no, they do not.” Drucker, on the other hand, argued, “There is no such thing as ‘business ethics.’ There is only one ethics, one set of rules of morality, one code – that of individual behavior in which the same rules apply to everyone alike.”Read more...
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The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from its
The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from itsEconomic Reform Feature Service provided that (1) proper attribution is given to the original author and to CIPE and (2) CIPE is notified where the article is placed and a copy is provided to CIPE’s Washington office.
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