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Accelerating the Adoption of Inclusive Business Models in Multinational Corporations: Challenges, Solutions and Success Stories
Over two decades ago, C.K. Prahalad and Stuart L. Hart challenged the private sector to tap into “the fortune at the bottom of the pyramid” by developing business models that serve people living in poverty. As Annabel Beales at Business Fights Poverty explains, this vision has gained traction under the mantle of inclusive business — yet adoption of these business models remains low among large corporations. She explores why accelerating this adoption is crucial to eliminating poverty and addressing the other SDGs, and shares three key lessons that show how inclusive business can be operationalized by large corporations.
- Categories
- Investing, Social Enterprise
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The Pros and Cons of a Family-Like Culture in Social Enterprise: How to Build an Organizational Culture That Doesn’t Compromise Your Mission
In the world of social entrepreneurship, the line between work and family often blurs. Many social enterprises count actual family members among their staff or leadership, and many others pride themselves on their family-like cultures. But Andreana Drencheva at King’s College London argues that this close-knit organizational culture can also have downsides. She shares research that highlights the benefits and costs of family-like cultures in social enterprises, and presents strategies that can help entrepreneurs maximize the advantages while minimizing the risks.
- Categories
- Social Enterprise
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Why Americans Struggle to Share Power — And How Western Social Entrepreneurs Should Change Their Approach to Empowerment in the Global South
Who has the power in impact-focused enterprise? Many believe that this question lies at the heart of social enterprises' work, and that localizing power should be a core goal of the sector. But as Andrea Nelson Trice explains, this approach remains discouragingly rare among Western businesses and investors in emerging markets. She explores why it's so difficult for Westerners — and particularly Americans — to empower others, and shares solutions based on interviews and case studies with 90 American and Global South leaders working in the development space.
- Categories
- Social Enterprise
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Founders vs. Funders: How the Two Sides of the Investing Relationship Can Foster More Effective Collaboration to Maximise Impact at Scale
Funders in the social impact space and founders of social ventures depend on one another to drive positive change at scale, so their relationship must be built on trust and alignment. But as Fan Gu at 100x Impact Accelerator explains, these partnerships are often marred by complex dynamics that threaten their success. She shares some of the key ingredients to effective partnerships between these two crucial players in the social impact sector, based on insights from 100x's community of funders, entrepreneurs and non-profits.
- Categories
- Investing, Social Enterprise
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A Hidden Reason for Business Failure in Social Enterprise: Exploring Innovative Talent Solutions in Frontier Markets
Social enterprises need extraordinary talent and leadership to navigate the challenges of doing business in frontier markets. As Paul Breloff at Shortlist and Daniel Waldron and Coco Lim at Acumen explain, failure to find the right talent is a leading factor in company and investment failure — and top talent is in short supply, and often comes at a steep cost. They share learnings from Acumen and Shortlist's shared experience recruiting and retaining talent, exploring some innovative approaches that go beyond traditional full-time structures.
- Categories
- Social Enterprise
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More Data is Not the Answer: Why We Need to Reset Our Expectations for Impact Measurement and Management
Impact measurement and management (IMM) is gaining momentum. As Julia Mensink at Acumen explains, while the sector was once underfunded and under-emphasized, it is now taken much more seriously — not only by impact investors, but also by mainstream banks, pension funds and corporations. But she argues that this progress has brought with it some challenges, including investors' growing demand for rigorous impact data, regardless of the challenges this data collection and reporting may present to entrepreneurs. She proposes some ways investors can work with social enterprises to shift IMM from a burden to a means to greater impact.
- Categories
- Investing, Social Enterprise
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Women Sales Agents are the Key to Last-Mile Distribution: Here are Four Ways to Maximize Their Impact
Many development and entrepreneurship programs around the world have engaged women sales agents as last-mile distributors, as their involvement can advance multiple business and impact goals. But as Shihab Uzzaman and Trisha Clauson at Bopinc point out, though some of these initiatives have succeeded, many have failed. They share four key practices Bopinc leveraged in a last-mile distribution project in Bangladesh that can boost the performance of other businesses and programs that enlist women sales agents in their distribution efforts.
- Categories
- Social Enterprise
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Global Poverty Measurement is A Mess, And it’s Holding Back the World’s Anti-Poverty Efforts
A recent Stanford University study on the impact of poverty measurement found vast differences between four common approaches, affecting both how anti-poverty programs define and measure poverty — and who qualifies for assistance. As Martin Burt at Fundación Paraguaya argues, this lack of coordination is hindering global poverty alleviation efforts. He proposes a different approach to poverty measurement: one based on listening to the perspectives of the people who are experiencing poverty, and providing them with customized strategies to address the specific challenges they face.
- Categories
- Social Enterprise
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