Articles by Galen Welsch
Impact investors are rightly focused on the social impact of the businesses they invest in. But they often overlook a fundamental question: How does the enterprise localize power? Galen Welsch, co-founder of Jibu, explores why the need to empower local markets should be at the core of social business and investing decisions.
As an American social entrepreneur living in Uganda, the author says it's easier and often cheaper – because of roots and networks – to hire other Americans. But if you want to navigate a company through foreign culture, customs and policies, he says, make sure you put locals in executive positions.
Rather than celebrating better metrics, definitions, research and structures, we as a sector need to focus on the entrepreneurs behind each enterprise, and the motivations behind each entrepreneur.
Micro-Franchising: How Business-in-a-Box Can Change Development: Why Jibu, a clean water franchise, sees power in local ownership
Micro-franchising lends the emerged market’s corporate advantage to local, emerging market entrepreneurs - propelling local innovations and adaptation. Jibu is piloting this model for clean water distribution. Why co-founder Galen Welsch thinks they may be onto something.