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Entrepreneurship in Emerging Economies

Tarun Khanna

This business and management course, taught by Harvard Business School professor Tarun Khanna, takes an inter-disciplinary approach to understanding and solving complex social problems. You will learn about prior attempts to address these problems across the emerging markets, identify points of opportunity for smart entrepreneurial efforts, and propose and develop your own creative solutions. The focus of this course is on individual agency—what can you do to address a defined problem? The creative process starts with immersion in the problem-at-hand and the harnessing of diverse perspectives.

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This business and management course, taught by Harvard Business School professor Tarun Khanna, takes an inter-disciplinary approach to understanding and solving complex social problems. You will learn about prior attempts to address these problems across the emerging markets, identify points of opportunity for smart entrepreneurial efforts, and propose and develop your own creative solutions. The focus of this course is on individual agency—what can you do to address a defined problem? The creative process starts with immersion in the problem-at-hand and the harnessing of diverse perspectives.

The course then touches on issues related to financing, scaling up of operations, branding, the management of property rights, and the creation of appropriate metrics for assessing progress and social value, in the fast-growing but institutionally compromised settings of emerging markets.

The settings are diverse, sectoral (healthcare, online commerce, fintech, infrastructure) and geographic (India and South Asia, China, Africa, Latin America). But the emphasis is less on comprehensive coverage than on developing a way of thinking with a bias-to-action.

What's inside

Learning objectives

  • An awareness of the opportunities for entrepreneurship in fast-growing emerging markets
  • An understanding of a conceptual framework for evaluating such opportunities
  • An appreciation of the types of problems that lend themselves to entrepreneurial solutions

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers advanced tools and concepts in emerging market entrepreneurship, which is relevant to professionals working in and with emerging markets, policymakers, consultants, and investors
Taught by Tarun Khanna, an acclaimed Harvard Business School professor and expert on entrepreneurship in emerging markets, featuring diverse sectoral and geographic settings
Provides insights and tools for finding innovative solutions to complex social challenges in rapidly changing and resource-constrained settings, suitable for learners seeking to make a positive impact
Supports understanding and problem-solving through case studies and examples from healthcare, online commerce, fintech, infrastructure, and more
Emphasizes practical application with a focus on developing entrepreneurial solutions, catering to learners interested in hands-on learning and real-world impact
Participants are encouraged to bring diverse perspectives and engage in collaborative learning, fostering a dynamic and enriching learning environment

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Reviews summary

Entrepreneurship in emerging economies

Learners say this course provides learners with engaging assignments and various examples of entrepreneurship in different countries. The course focuses primarily on entrepreneurship in India but also discusses other emerging economies. Students describe the program as very good and informative. Overall, students gave this course very positive feedback with an overwhelming number of 5-star reviews and only a single negative review.
Students appreciate the examples and assignments provided throughout the course.
"This course was very good and very complete."
"Course is very good and informative."
"I am really happy with this online programme."
Many of the examples and case studies used in this course focus on India.
"They talked about India for almost all the course."
"Some good ideas and examples. But I found the self assessment grading criteria very stupid."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Entrepreneurship in Emerging Economies with these activities:
Read "The Innovator's Dilemma" by Clayton Christensen
Provide context and understanding of the disruptions caused by emerging markets.
Show steps
  • Purchase a copy of 'The Innovator's Dilemma'
  • Read chapters 1-3, consider the key insights.
  • Finish reading the book and complete the reflection questions at the end of each chapter.
Read a biography of a successful entrepreneur in an emerging market
Provides insights into the challenges and rewards of entrepreneurship in emerging markets.
Show steps
  • Choose a biography of an entrepreneur that interests you.
  • Read the book and take notes on the entrepreneur's journey.
  • Identify the key factors that contributed to the entrepreneur's success.
Enroll in an online course on a specific aspect of entrepreneurship in emerging markets
Allows learners to develop specific skills and knowledge related to entrepreneurship in emerging markets.
Show steps
  • Identify an online course that aligns with your interests and goals.
  • Enroll in the course and complete the assignments.
  • Participate in discussions and ask questions.
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Attend a conference or workshop on emerging markets
Connect with experts and practitioners in the field of emerging markets.
Browse courses on Emerging Markets
Show steps
  • Research and identify a relevant conference or workshop.
  • Register for the event and make travel arrangements.
  • Attend the sessions and actively participate in discussions.
  • Network with other attendees and exchange ideas.
Create a mind map of opportunities for entrepreneurship in emerging markets
Helps learners organize and visualize the various opportunities for entrepreneurship in emerging markets.
Show steps
  • Brainstorm a list of potential opportunities.
  • Use a mind mapping tool to create a visual representation of your ideas.
  • Connect related ideas and identify patterns.
Read "Winning in Emerging Markets"
Understand the challenges and opportunities of doing business in emerging markets.
Browse courses on Emerging Markets
Show steps
  • Read the book carefully, taking notes on key concepts and ideas.
  • Summarize the main arguments of each chapter.
  • Identify and discuss the implications of the book's findings for entrepreneurship in emerging markets.
Solve case studies on emerging market businesses
Gain practical experience in applying course concepts to real-world business situations.
Browse courses on Case Studies
Show steps
  • Review the case study materials.
  • Identify the key issues and challenges facing the business.
  • Develop and evaluate different strategies for addressing the issues and challenges.
  • Write a report that summarizes your findings and recommendations.
Join a study group to discuss the course material with peers
Provides opportunities for learners to engage with the material and ask questions.
Show steps
  • Find a study group to join.
  • Attend regular study sessions.
  • Participate in discussions and ask questions.
Research case studies of successful social enterprises in emerging markets
Provides learners with real-world examples of how social enterprises have addressed social problems in emerging markets.
Browse courses on Case Studies
Show steps
  • Identify a few case studies that interest you.
  • Read the case studies and analyze the strategies and approaches used.
  • Discuss the case studies with your peers or instructor.
Develop a business plan for an emerging market venture
Apply the concepts learned in the course to develop a concrete plan for an entrepreneurial venture in an emerging market.
Browse courses on Business Planning
Show steps
  • Identify a problem or opportunity in an emerging market.
  • Develop a solution that addresses the problem or opportunity.
  • Create a business model that outlines how the solution will be delivered and monetized.
  • Identify and assess the risks and challenges of implementing the business plan.
  • Write a business plan that outlines the key elements of the venture.
Design a business plan for a social enterprise in an emerging market
Encourages learners to think critically about the challenges and opportunities of social entrepreneurship.
Browse courses on Business Planning
Show steps
  • Identify a social problem that you are passionate about solving.
  • Research the market and identify a target customer base.
  • Develop a business model that outlines your products or services, revenue streams, and cost structure.
  • Create a marketing and outreach plan.
  • Draft a financial plan that includes a budget and profit projections.

Career center

Learners who complete Entrepreneurship in Emerging Economies will develop knowledge and skills that may be useful to these careers:
Marketing Manager
Marketing Managers develop and implement marketing campaigns to promote products and services. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Economist
Economists research and analyze economic data and trends to inform decision-making. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Financial Analyst
Financial Analysts research and analyze financial data to inform investment decisions. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Investment Banker
Investment Bankers advise companies on mergers and acquisitions, capital raising, and other financial transactions. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Strategy Consultant
Strategy Consultants advise companies on how to develop and implement their strategies. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Management Consultant
Management Consultants provide advice to businesses on how to improve their operations and performance. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Venture Capitalist
Venture Capitalists provide funding to early-stage companies with high growth potential. This course may be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Sustainability Analyst
Sustainability Analysts research and analyze environmental, social, and economic issues to inform decision-making. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Impact Investor
Impact Investors are individuals or organizations who invest in companies or projects with the goal of generating both financial and social or environmental impact. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Public Policy Analyst
Public Policy Analysts research and analyze public policies to inform decision-making. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
International Development Specialist
International Development Specialists work with governments, NGOs, and other organizations to implement and evaluate development programs in developing countries. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Development Economist
Development Economists use economic principles to analyze and address issues related to economic development in developing countries. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Microfinance Specialist
Microfinance Specialists provide financial services to low-income individuals and businesses in developing countries. This course may be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Nonprofit Manager
Nonprofit Managers are responsible for the day-to-day operations of a nonprofit organization. This course may be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.
Social Entrepreneur
Social Entrepreneurs are individuals who use business principles to address social problems. This course could be useful as it could help build a foundation in understanding the challenges and opportunities facing emerging markets. It could also help build an understanding of how to evaluate potential solutions to these challenges.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Entrepreneurship in Emerging Economies.
Explores the challenges faced by large companies in adapting to disruptive technologies. It provides insights into the factors that can lead to their downfall and offers strategies for overcoming these challenges.
Discusses the challenges involved in marketing and selling technology products to mainstream customers. It provides a framework for understanding the different stages of the adoption process and offers strategies for successfully crossing the chasm between early adopters and mainstream customers.
Provides a clear and concise framework for developing and evaluating good strategies. It helps readers to identify the key elements of a good strategy and to avoid common pitfalls.
Introduces the lean startup methodology, which process for developing and validating new products and services quickly and efficiently. It provides a step-by-step guide to building a successful startup.
Provides a unique perspective on entrepreneurship and innovation. It challenges the conventional wisdom and offers insights into how to build a successful startup from scratch.
Provides a practical guide to getting traction for your startup. It covers a wide range of topics, including marketing, sales, and customer development.

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