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How Western Definitions Perpetuate Ethnocentric Bias – Even Among the Social Impact Crowd
You'd think that ethnocentrism – judging another culture by the standards or values of one's own – would be relatively rare in the global, cosmopolitan social impact sector. In fact, says KadAfrica founder Rebecca Kaduru, it's alive and well, as social entrepreneurs must often adapt to ethnocentric definitions to secure the funding necessary to grow their enterprises. She explores why this dynamic has to change.
- Categories
- Agriculture, Education, Social Enterprise
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Hidden Opportunity: How Investors Can Unlock the Potential of Refugee Entrepreneurs
Globally, almost 70 million people were displaced as of 2017. But though this refugee crisis is serious and growing, a more hopeful narrative is being overlooked, say John Kluge and Tim Docking at the Refugee Investment Network. Refugees are natural entrepreneurs whose businesses can make a major impact on themselves, their families and their communities – an impact that would grow with more investor support. Kluge and Docking discuss a recent RIN report that explores the emerging “refugee investing” movement, and why it represents an exciting field in impact investing.
- Categories
- Investing, Social Enterprise
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Pulling Back the Curtain on a Social Enterprise Merger: Practicalities and Surprises as Two Companies Become One
When Pollinate Energy began executing its recent merger with a former competitor, Empower Generation, some stakeholders doubted they would succeed. But as its CEO Alexie Seller describes, though the two companies were based in different countries, their models and missions were similar. Even so, they faced multiple challenges – and more than a few surprises – in the merger process. In this revealing post, Seller explores what has worked, and what hasn’t, as the companies have combined.
- Categories
- Energy, Social Enterprise
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Young, African, Employed – How A Ugandan Startup Aims to Mobilize the Continent’s Youth
Almost 80 percent of Ugandans are below the age of 30 – and many of them are struggling to generate a reliable livelihood. Hire the Youth is addressing this issue through online and in-person programs advancing youth employment and education, using a hybrid non-profit and for-profit model. Its founder, Ssenkubuge Kenneth, discusses the challenges the startup has faced – and how it has overcome them – as it aims to expand its services into other African countries.
- Categories
- Social Enterprise
- Tags
- employment, startups
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A Roadmap to Food Security: Linking Geodata with Financial Inclusion to Support Smallholders
Smallholder farmers produce a staggering 70 percent of the world’s food, making them essential to food security. Geodata applications have been shown to improve these farmers’ yields and even boost their financial access – one of the main obstacles to increasing production. To help tap into these benefits, NpM’s Innovator’s Challenge brought together 17 tech companies with geodata-based solutions for smallholder financial inclusion. NpM director Josien Sluijs discusses the winning companies, and the broader potential of geodata-based innovation.
- Categories
- Agriculture, Finance, Social Enterprise, Technology
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Data That Does the Work: What Acumen Has Learned About Enterprise Feedback Loops
When it comes to the litany of obstacles keeping enterprises from growing, capital – or lack of it – tends to get the most attention. But access to data from customers, operations and staff may be a close second. The key to addressing data deserts is helping companies build a data-informed culture from the start, writes Chris Bullard, who leads post-investment and value creation strategy for Acumen. Bullard draws lessons from the impact investor’s Lean Data initiative.
- Categories
- Impact Assessment, Investing, Social Enterprise
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NB Quick Takes: Polman’s Out at Unilever – Let the Legacy Debate Begin!
In case you hadn't heard: Paul Polman is retiring as CEO of Unilever at the end of the year. Perhaps no other executive has been as closely associated with corporate social responsibility as Polman, who put social impact at the forefront of his agenda. That's not to say all of his initiatives were successful, nor were they without detractors – his retirement is sparking lots of discussion about his approach and its effectiveness at Unilever, not to mention its influence across the business world. We've gathered some early Twitter reactions in this post.
- Categories
- Social Enterprise, Uncategorized
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Authentic Storytelling Can Boost a Social Enterprise’s Development – This Tool Can Help
When promoting their businesses, most social entrepreneurs naturally focus on talking about their successes. But though their instinct is often to minimize or ignore their enterprise's setbacks, this can actually be a mistake, says Barbara Börner, a consultant for social entrepreneurs and nonprofit organizations. She explores how telling the stories behind these challenges can raise awareness of a social business among potential investors, customers and other stakeholders – and she shares a free tool that can help entrepreneurs develop more effective storytelling skills.
- Categories
- Social Enterprise
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