This paper explores the effectiveness of goal setting and accountability within group-based entrepreneurship initiatives in creating human capital. The study uses a randomized cluster trial to compare the experimental and control groups of entrepreneurs. The results suggest that frequent goal setting and accountability in group settings provides a greater number of learning experiences and human capital development opportunities available to entrepreneurs than those that did not engage in the same level of goal setting.
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This particular management training was successful at improving knowledge and intangible skills that translated into successful organisational medium- to long-run outcomes for small businesses.
Entrepreneurship programmes have a strong positive effect on youths, particularly on labour-market activities and business-practice outcomes, and improve business knowledge and practice, particularly for existing entrepreneurs. However, there is no evidence that this translates into improved business performance and increased income.
A business and financial literacy programme in Bosnia and Herzegovina showed no effect on business survival but appeared to have some limited effects on improving participant's business practices.
Evaluation of two different entrepreneurship training programmes and access to certain types of capital in Colombia. Preliminary results available. Main results forthcoming.
While research is advancing quickly in the area of business training and entrepreneurship evaluations in the developing world, many of the effects are still unknown and are highly dependent on the context.
Most academic and development policy discussions about microentrepreneurs focus on credit constraints and assume that subject to those constraints, the entrepreneurs manage their business optimally. Yet the self-employed poor rarely have any formal training in business skills. A growing number of microfinance organizations are attempting to build the human capital of microentrepreneurs in order to improve the livelihood of their clients and help further their mission of poverty alleviation.
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