Can developing nations establish the ecosystem to support these new Venturers?
As with many forward thinking wordsmiths, she likes to suggest words that identify important groups. As a student of entrepreneurial actions Elmira has coined the word “Venturers” to describe entrepreneurs who work within an ecosystem that supports them and facilitates their success. Her passion for small enterprise within these business ecosystems was evident as she discussed the recent OECD conference in Busan, South Korea. She suggests that old-style development should be replaced with venturers working in supportive ecosystems.
A Venturer’s ecosystem is an interconnected web of physical and social components with which the venturer interacts, such as governments, customers, suppliers, financiers and other entrepreneurs.
The use of the word ecosystem is interesting, as almost every business succeeds because it works within a larger supply chain for support. This chain forms the ecosystem that supports the diverse companies who link themselves together for mutual benefit. Governments and financiers find a home within the chain at various levels as they provide oversight or capital.
Nowhere is this more evident than in the construction ecosystem. Construction success is a result of the participation of many supply chains, like concrete, steel, lumber, electrical and plumbing. Each of these chains has its unique specialties, but each is made from many small businesses working for their own self-interest while at the same time supporting the greater construction process. Governments join the construction system by offering land-use rules, permitting and inspection. Financiers participate through equipment and construction loans.
The construction ecosystem is required within industrialized nations as well as for building affordable housing in developing countries. The problem within poor countries is that the construction supply chain is poorly organized or highly centralized in the major cities. For long-term success the supply chains must scale down and reach out in a decentralized fashion. This is where Venturers can find great opportunities to begin to grow a local ecosystem.
Ashoka‘s Vice President and Chief Entrepreneur, Valeria Budinich suggested that “we need to build a new affordable housing ecosystem” as she discussed how to mobilize all of the many stakeholders around a vision of “collaborative entrepreneurship” within the industry and across sectors. Until we agree to establishing a strong, appropriately scaled construction ecosystem, we will never reduce housing risks in the poorest regions of the world.
I would suggest that what we join forces to form construction focused ecosystems where Supply Venturers can find entrepreneurial support. This international development program would reduce disaster risk, raise up a middle class, employ thousands and build more homes for the poor.
CementTrust is committed to this plan… Who will join us in this venturing ecosystem?