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. “What drives successful group coordination is important because team coordination is ubiquitous in many work settings, such as in medical professions, in law enforcement, or in finance, ” the researchers say. “Therefore, uncovering the key determinants of successful group coordination is paramount.”
Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations. I hope not.
We're a network of microfinance organizations; we exist to share practices and develop the leadership skills required by a sector that has grown up fast. And as you might be aware, microfinance is a phenomenon that, while it did not set out to be "for women," has mainly turned out to be.
In low-income countries, according to World Bank data in a recent paper by the consultancy Dalberg, 43% of businesses with between 20 and 99 employees say that access to finance is a major constraint. The White House has called this gap between the demand and supply of finance for small and medium enterprises a "market failure.[and]
Not many would associate innovation with large, service-oriented nonprofits with decades of history. and globally, and Habitat for Humanity, which works in 70-plus nations to provide home construction, rehabilitation, and increased access to shelter and financing, gathered data from their sites to make the case for profound change.
Encourage financial entrepreneurship and innovation. Entrepreneurship in financial services has been given a bad rap as one contributor to the economic crisis, but we desperately need innovativefinancing models for start-ups. We don't innovate in entrepreneurial finance enough in the U.S.:
Yet unlike in finance, where distributing risk across institutions is the goal, in drug development the focus is on isolating risk. Financial institutions must find innovative ways to understand their consumers' aspirations and actual behavior. Here, the protocols from other industries can provide some insight.
When presented with a surprising idea, smart organizations will bravely listen, because what comes next might just be game-changing innovation. Six years ago, David and Donna Allman approached Opportunity with an idea that fell outside our traditional microfinance model: to build a Community Economic Development (CED) program in Nicaragua.
Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about. Innovation in Distribution. We recently interviewed 100 entrepreneurs to find out which ventures are most likely to thrive. Top of the Pyramid.
Personal savings, insurance, credit, cash transfers from family and friends and other financing mechanisms offer promising opportunities to create security and steady employment but they require a nuanced understanding of product design and the local market conditions in order to be effective.
Following Abed's twist on Schumacher — "small may be beautiful, but big is necessary" — it now touches the lives of an estimated 126 million people with healthcare, education, enterprise development, microfinance and a slew of other programs. These programs were later spun off into stand-alone businesses.
.” Laudable as these may be, USAID, the State Department, and other government agencies should really be backing programs that stimulate and support scalable, innovative, job-creating businesses – the kinds of companies that are antidotes to mass unemployment and economic hopelessness, not microfinance.
As Amar Bhide said in " Bootstrap Finance: The Art of Start-ups " (a 20-year-old HBR article that is an uncanny precursor to today's "lean startup" meme), traditional business planning processes are less relevant to bootstrappers — where resilience trumps planning and energy trumps experience. In short, the business plan is overrated.
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