I love chocolate! Caramel, sea salt chocolate is my favorite. However if you ever ate chocolate in your life, most likely you committed an offense by eating chocolate harvested by forced underage workers (i.e child slavery) as it is common practice all over the globe. So let me introduce you to a very special Dutch company called Tony Chocolonely. A company that has over the past 10 years captured 16.7% of the total revenue of all chocolate bars in Dutch supermarkets in a very special way. Intrigued by what Tony Chocolonely has to offer. Let’s taste meaningfulness!Read more
Board of Innovation: the power of 137!
Sometimes you are lucky enough to discover an organization that gives you a full sense of possibilities. Meet Board of Innovation, an international office specialized in intrapreneurship & business model innovation. A fast 8-year-old growing company of 24 individuals that is paving the way towards building meaningful organizations. I had the privilege to meet Philippe De Ridder, one of the co-founders of Board of Innovation in the beautiful city of Antwerpen a few weeks back. A true inspiration for me.Read more
Small is Beautiful!
“Small is beautiful”, these words from Joseph Schumpeter, one of the most influential management thinkers of the 20th century, have always resonated with me. That’s why I love to work with entrepreneurs on developing their ventures further. And often I hear that these organizations should stay small (which in a way I agree with). They should not become one of these mammoth multinational corporations plagued with bureaucracy or office politics. For entrepreneurs, the game is simple, as they are already agile without too many processes. So let’s keep it that way.Read more
Changing the world vs Candy Crush: the role of business schools!
If I would ask you today: what are the most successful innovations around? Most likely names like Facebook, Apple or Candy Crush would come to your mind. Less likely you would name d.light, affordable renewable energy for low-income people, M-Pesa, the most successful mobile money transfer system for the unbanked in Kenya, or JITA, an innovative way of reaching the unreachable in Bangladesh. The former create needs in over-saturated markets, the latter create new markets to address stringent social needs.
Paraphrasing Steve Jobs, the main question for any professional dealing with innovation is: “Do you want to change the world, or spend your life selling apps in the App Store?” We have, in other words, lost track on what innovation should do: solve real problems and address real needs.
There are many reasons for this phenomenon of serving saturated markets. One that strikes me can be found in business schools, where too often students are taught that the only reward is a financial one. Simple metrics, including the euro or dollar sign, influence MBA rankings like the one of the Financial Times enormously. Looking from this angle, a great number of meaningless mobile apps are extremely successful and resonate in the minds of young professionals.
It is slowly changing though. Business solutions are implemented every day to solve important social needs, creating a new industry that rewards both profit and impact. Aspirations from students for running a business with social and financial value also influence the curriculum. Sustainability, corporate social responsibility and social entrepreneurship are making their way up as key topics in top courses worldwide and we are proud to be able to contribute. For instance, the BoP learning lab network with the World Business of Sustainable Development offer the 2nd edition of an online executive business course, or through summer schools on inclusive business, offered by the Nyenrode Business School and BoPInc. From INSEAD on social entrepreneurship, to Cornell University on BoP markets, to HEC, there is an increasing recognition of the importance on new business forms like inclusive business.
Developing more of these curriculums and programs will eventually pave the way for a new generation of talented business leaders with both a business and social acumen. Leaders that can successfully deal with the complexity of unequal income levels, or with the challenge of fostering partnership between companies and NGOs. These leaders will see the quality of the education they received not only from the salary it generated, but also from the positive social impact it has created.