Harvard University Professor and Dubai Government official addresses Hult International Business School candidates in Dubai

Emphasizing the aspiration as well as the vital need of new ventures to raise capital, they questioned the ability of current financial structures to meet the needs of the emerging businesses that are so essential to the future growth of the global economy.

During a time of radical global economic change and the global impact of uncertainty in markets, the challenge is to determine realistic valuations and provide funding in a way that supports continued innovation and entrepreneurship. The market intermediaries and the associated approaches to risk are challenging the new ventures that are so vital for long term sustained economic recovery.

The fear is that as we stagger in fear towards recovery with concerns about double dips and failing sovereign debt, the most significant impact will be felt by the true wealth protectors of our future - the innovators and entrepreneurs as well as growing business that will not be able to secure the true equity valuation of their activity or business model when going to public markets.

Kapetanovic, in commenting on the wider global markets, evaluated the principal challenges facing the current global economy in terms of financial solutions provided by Islamic finance. Arguing that such solutions should certainly not be regarded as a simple panaceum as suggested by many, he suggested that the conscious consideration given to such areas as compliance and ethics were useful in mitigating risk in the minds of many investors.

Failures in effective corporate governance, corporate architectures and transparency may be considered to have been responsible for crises ranging from the Asian property and debt crisis to the current banking and credit failures. Both speakers considered the implications of this and how perceptions of risk are impacting on valuations which are leading to diverse approaches around the globe.

Dalko and Kapetanovic both highlighted the opportunities for new graduates in this environment of change and challenge. In effect, they argue, today's Hult MBA graduates with their management experience are tasked with setting the precedent for the future by finding effective solutions to the failures of today's economy. This is where the truly significant career opportunities lie for those seeking to make a contribution to society and take positions of leadership in business.