Ernst & Young LLP's future leaders support entrepreneurs in emerging markets
Ernst & Young LLP celebrates the fifth year of its Corporate Responsibility Fellows program. Ernst & Young LLP's future leaders support entrepreneurs in emerging markets.

Fuente:   Fecha:  25.11.2009

Ernst & Young LLP's Corporate Responsibility (CR) Fellows are on a three-month assignment to help high-impact entrepreneurs in Chile, Uruguay and Argentina strengthen their businesses, free of charge. Now in its fifth year, this skills-based volunteer program enables some of the firm's top performers to help high-impact entrepreneurs create jobs, foster innovation and generate broad economic value in regional emerging economies.

"Ernst & Young's CR Fellows Program allows our best and brightest employees to help promising entrepreneurs, while advancing their leadership experience and understanding of global business issues," explains Deborah Holmes, Ernst & Young LLP, Global Director of Corporate Responsibility. "To maximize the impact, our CR Fellows will also present business seminars for entrepreneurs and local business leaders in their host countries."

The CR Fellows Program is possible through Ernst & Young LLP's collaboration with Endeavor, a not-for-profit organization that identifies high-impact entrepreneurs in emerging economies. Through Endeavor's support, Ernst & Young LLP offers these entrepreneurs professional services ranging from strategy development to human resource planning to financial guidance. The projects leverage the talents of each Fellow to meet the specific needs of each high-impact entrepreneur. On average, these entrepreneurs pay 10 times the minimum wage and generate sustainable economic value in their communities with a 96% survival rate after 10 years. To date, more than 35 high-impact entrepreneurs in Central and South America have received support from Ernst & Young's Fellows.

"Ernst & Young's Corporate Responsibility Fellows help our High-Impact entrepreneurs catalyze job growth, generate wealth and inspire people to think big in emerging market communities," explains Linda Rottenberg, Endeavor's CEO and co-Founder.

Fellowship assignments include:

* Technisys, a provider of IT solutions for the financial services industry, is being supported by a Chicago-based Tax manager who is focusing on transfer pricing issues.

* Three Melons, a videogame developer, is being assisted by a Los Angeles-based HR professional who is creating a strategy to support the company's anticipated growth.

* Zott, a promotion and marketing solutions company, is receiving guidance from a New York Transaction Advisory Services senior manager who is updating tools and processes related to managing cash flow.

* Chilean Gourmet, a gourmet food exporter, is working with an Advisory Services manager from Baltimore who is helping improve administrative and financial procedures.

* Latitud90, a tourism company, is receiving guidance on budgeting and forecasting from a valuations manager from Halifax, Canada.

* Scopix, a provider of retail store operational performance metrics, is having its transfer pricing issues analyzed by a New York-based Tax manager.

* Betazeta, a network of online vertical communities, is receiving a review of its financial and organizational structure from an Assurance manager from Winnipeg, Canada.

* Proactive Office, a project management application service provider, is being assisted by a manager in Atlanta's Transaction Advisory Services practice on a venture capital analysis.

* Lolita, a chain of women's apparel stores is receiving general business guidance from a senior manager in the Seattle Financial Services Office and help with financial planning and a cash flow analysis from a Chicago-based Transaction Advisory Services director