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Small Business Development in Emerging Economies

Maastricht School of Management - MSM
5 days
Full time
Diploma / certificate
Scholarships available
On campus
28 March 2022
Application deadline: Non-EU: 10 March 2022 / EU: 28 March 2022

Program description

Small Business Development in Emerging Economies

In emerging markets, the private sector consists of more than 95% out of Small but Growing Businesses (SGB’s), also referred to as Micro, Small and Medium Scale Enterprises (MSMEs), that operate to a large extent in the informal sector. This is one of the reasons why we know relatively little about them.

Yet, MSMEs are the key players in local economic development. What factors have led to their growth and what factors have held them back? To what extent do local MSMEs adhere to ESG (economic, social and governance) standards? This course will touch upon the most important topics related to the development of the private sector and provide ample ground for debate and reflection.

Through this program you will get a better understanding of how the private sector in emerging economies can be developed. It will offer some space to reflect upon and discuss past and present development both from an aid perspective as well as through local avenues of private sector development such as micro-finance, impact investments and business development services.

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Admission requirements

Applicants should have the ability to function academically and professionally at Bachelor level. Because it is an interactive program, candidates should have an adequate level of spoken and written English to be able to follow the program and to actively participate. If it turns out and applicant does not have the sufficient level of English, a certificate will not be awarded.

This program is designed for post-graduate students and faculty staff in the education sector that wish to understand private sector development for their own education program development.

The course also targets policymakers in public institutions and managers of CSO’s/NGO’s that work closely with businesses and support their growth. A secondary target group are students that seek a career in the commercial as well as non-profit, private sector.

Basic knowledge of economic development issues is required.

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Program content

Course topics

Following topics will be discussed in this course:

  • Entrepreneurship and business start-up
  • Business growth
  • Organizational development and management
  • Local, regional and international markets
  • Enabling environment
  • Business partnership and networks
  • Business ethics

Course Objectives

At the end of this course you will:

  • Understand the role of the private sector, especially MSME’s, in emerging markets and its significance for economic and social development;
  • Understand the discussion on the ethical, social and ecological boundaries of private sector activity and how MSME’s deal with that;
  • Know how to reflect on the development of local MSME’s, the opportunities and constraints;
  • Gain deeper knowledge of appropriate management systems for MSME’s in emerging markets, including finance, HR, operations and marketing;
  • Understand the relationship between the business and its enabling environment and markets.

Scholarships & funding

Scholarship opportunities can be combined with up to 50% of the full tuition fee.

Several options are available. Please contact the institute for further information.

Tuition fees

The full tuition fee is €2799

This fee includes all course materials, refreshments during classes and lunch every class day. The tuition fee does not include housing, other food and living expenses. Participants are required to arrange their own housing facilities. MSM can assist in finding hotel accommodation.


Each participant receives a certificate of participation. Each participant receives a certificate of participation.

This certificate is being awarded as evidence of participation in post-graduate training at indicative level 6 or 7 of the EQF[2]. The minimum study load is 14 hours and an attendance level of 80% is required. This certificate is being awarded in the form of a soft copy when the training is online or a hard copy during face-to-face training. The certificate will mention your full name, training title, training date and comprising core topics.

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Want to know more about this program, Small Business Development in Emerging Economies? Fill out the following form and include any questions you have. This information will be sent directly to the school, and a representative will respond to your enquiry.

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About this institute

Welcome to Maastricht School of Management!

Maastricht School of Management (MSM) is one of the oldest and most international business schools in the Netherlands with a large network of students, alumni and partners across the globe. MSM offers internationally accredited MBA programs - full-time MBA, part-time...

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Why study at Maastricht School of Management - MSM

Diverse network

Studying in one of MSM’s management programs means you will share your study experience with fellow participants from many countries, professional backgrounds and areas of interest. Being part of such a diverse community offers you the opportunity to significantly expand your international network and to learn from your fellow participants by exchanging knowledge and experience.

Personal approach

As a boutique-styled and personally oriented business school, MSM provides you with a high service level throughout your study experience. Our dedicated faculty and staff are highly committed to contribute to your academic, professional and personal success.

As a fast-moving and market-focused institute, MSM is continuously adapting its teaching content and program offering to the specific management and leadership needs in the market.

At MSM, we also take your career development seriously and offer you a special optional Career and Personal Development Track as part of our Master and MBA programs.

Contact info

Maastricht School of Management - MSM

Endepolsdomein 150
6229 Maastricht

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Contact school

Want to know more about Small Business Development in Emerging Economies? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.


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