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Entrepreneurship in Developing and Emerging Economies

Entrepreneurship in Developing and Emerging Economies

First Edition
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August 2019 | 288 pages | SAGE Texts

An engaging book that introduces students to the ‘practice’ of entrepreneurship in emerging and developing economies.

The predominant understanding of enterprise and entrepreneurship (E&E) has emerged from the perspective of industrialized and economically developed countries, largely ignoring emerging and developing economies (EDEs). Further, business and management students are considered ideal for innovating business ideas unlike students of law, physics or literature.  Therefore, the benefits of E&E education fail to impact a vast majority of students from EDEs.  Entrepreneurship in Developing and Emerging Economies breaks away from these two trends, presenting alternative pathways to students for ‘practicing’ (as opposed to ‘just learning’ about) E&E. The content is made approachable, accessible and relatable, and ‘no’ prior learning is expected. 

The book uses non-technical language and introduces over 50 illustrative cases on enterprise and entrepreneurship from EDEs, aiding students to gain insights into the pre-start-up, start-up and growth phases of the entrepreneurial process. These phases are mapped into the three major sections—The Practices of Entrepreneurship, Enterprise Design and Start-up Enterprise Management. Each chapter moves ‘entrepreneurial thinking’ forward, helping students practice what they learn, retain new knowledge and understand the requirements to create new ventures and do business in an EDE context.

Key Features: 

• Closely follows a learning-by-doing approach, with case study analyses and reflective exercises 

• Chapters carefully designed to build familiarity, with photographs, illustrations and tables to aid readability and retention 

• Valuable resources for instructors including multimedia content, relevant preparatory materials, learning outcomes, assignments, examination questions and associated marking criteria, among others 


Foreword by Monder Ram
Section A: The Practices of Entrepreneurship
An Introduction to Enterprise and Entrepreneurship
Practicing Creativity
Understanding and Doing Innovation
Making Entrepreneurial Decisions with Effectual Thinking
Section B: Enterprise Design
Customer Research
Applying Jobs-to-be-Done for Framing Problems
Designing New Value Propositions
Testing Value Propositions with Lean Start-up
Section C: Start-up Enterprise Management
Pitching to Potential Investors
Sales and Sales Management
Entrepreneurial Finance
Ethics and Professional Practice
Implementation and Operations Management
Photo Credits

This book is for entrepreneurship educators who believe that their students can learn more by ‘doing’ entrepreneurship than just ‘learning’ about entrepreneurship. It is a powerful guide for faculty and students keen to understand the process of entrepreneurship. Moreover, it doesn’t matter which domain expert you are, the content here is relevant to all. 

Abha Rishi CEO,
AIC-BIMTECH and Chairperson, Centre for Innovation and Entrepreneurship Development, Birla Institute of Management Technology, Greater Noida

This is an easy-to-read book with many descriptions, illustrations and exercises dealing with basic concepts in entrepreneurship. The book will prove relevant and useful to students seeking an introduction to entrepreneurship issues in developing countries.

Alnoor Bhimani Honorary Dean,
LUMS Business School, Lahore

Academics and practitioners seem to have different ways of looking at life. Through extensive research, academic grit and personal entrepreneurial experiences, the authors effectively built interweaving bridges between these two worlds. The book is not just helpful with its exercises and framework but is also a lot of fun to read. Emerging economies, changing times and paradigm shifts in technology will require astute understanding of the past and courage to embrace the future keeping cultural connotations in mind; the authors, through wonderful real-life experiences, anecdotes, metaphors and engaging storytelling, have been able to create a wonderful piece of work. This book can prove invaluable not only to entrepreneurs in the developing world but also to ones in the West who may want to understand cultural nuances and help prepare for opportunities in tomorrow’s world.

Kaustav Majumdar Head,
Start-ups & Incubation, S. P. Jain Institute of Management & Research (SPJIMR), Mumbai

A very well-researched book with amazing examples of the entrepreneurial mindset from all over the world. To complete the learning process, the book also suggests exercises at the end of each chapter. Aspiring entrepreneurs from diverse backgrounds will find this a very practical guide to understand the fundamentals of entrepreneurship.

Priyank Narayan,
Director, Centre for Entrepreneurship, Ashoka University, Sonepat, Haryana

Entrepreneurship has become a source of hope of millions of youth in the emerging and developing economies. Entrepreneurship has enabled people to create new ventures with the least amount of resources and solve emerging problems and needs. A textbook on entrepreneurship in the emerging and developing economies was long awaited. I hope that this book will be a great resource for faculty and students.

Shahid Qureshi,
Associate Professor and Program Director, IBA AMAN Centre for Entrepreneurial Development, Karachi

Teaching entrepreneurship requires a fine blend of theory and practice, with relevant case studies that could create interest among learners. I am glad to find all these in this textbook which adds to the existing knowledge, more so from the perspectives of developing economies. The book not only covers ‘the practices of entrepreneurship’ and ‘enterprise design’ but also does justice to the relatively newer critical issues related to ‘start-up enterprise management’. I hope both students and educators will find it immensely useful.

Sunil Shukla,
Director, Entrepreneurship Development Institute of India, Gandhinagar

Ali J. Ahmad

Ali J. Ahmad teaches innovation at WMG, University of Warwick, UK, as a senior teaching fellow. He was born and schooled in Karachi, Pakistan. He has an MSc in information systems awarded by the London School of Economics and Political Science, another MSc in management research awarded by the University of Oxford’s Said Business School and a PhD in entrepreneurship from Dublin City University. He has a decade of experience in teaching and scholarship in the areas of entrepreneurship and innovation; his articles on technology and business incubation and social innovation and entrepreneurship are regularly published in reputable... More About Author

Punita Bhatt

Punita Bhatt is a research fellow at Aston University’s Centre for Research in Ethnic Minority Entrepreneurship. She has a PhD in business from Oxford Brookes University, an MA in economics and an MBA in finance from India. She was born in Allahabad, India, and did her schooling from Indian School, Muscat. She has over a decade of teaching experience in entrepreneurship and innovation in leading business schools in UK. She has supervised hundreds of master’s dissertations and entrepreneurship projects at both undergraduate and postgraduate levels. Before joining academia, she headed Sony Corporation’s treasury in India and founded a start... More About Author

Iain Acton

Iain Acton is co-founder and partner at Disruptive Lemonade, which builds innovation and entrepreneurial capabilities by providing coaching and training programmes for individuals, teams and organizations. Over the last 15 years, he has worked fluidly between academia and business consulting, specializing in customer-led innovation projects, designing management practice, marketing strategy and entrepreneurship. He supervises students on University of Warwick’s MSc Innovation and Entrepreneurship programme and teaches the innovation module internationally for WMG, University of Warwick. He has a significant track record of delivering... More About Author

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ISBN: 9789353285333