Tag: MBA (page 1 of 6)

Choosing the Full-time MBA: Follow your gut instinct

Choosing the right business school for you

Selecting a business school can be a very confusing process.

There are hundreds within the UK and thousands globally. The top schools will teach you marketing, accounting, HR, entrepreneurship and offer a range of exciting elective modules. They’re triple accredited and rank highly in the FT rankings. They will all ensure high percentages of post-degree employability and have notable alumni and promising partnerships among globally renowned firms.

This can make selection of a business school very challenging. To make the best choice, I came up with the following criteria: location, quality, size and gut feeling, all which led me to study the Full-time MBA at the Business School (formerly Cass).

I hope that this account of my selection process and experience with the Business School can help to guide anyone making one of the biggest commitments to change of their professional career.

Peter Walls

Location

The first level of selection was done purely on location.

I started my professional career in London. As such, I am fortunate to find much of my professional and personal support network in a city which is home to a number of globally renowned business schools. This proximity to my ‘nearest and dearest’ made it very challenging to look beyond London.

I attended a number of open days and even interviewed outside of London, however when it came to decisions and prioritisation, the location put the London-based schools leagues ahead.

Prestige, quality and investment

A second challenge was to find a balance between three measures: prestige, quality and investment.

When looking at such a significant investment of time, opportunity cost and— let’s be honest— money, the return on investment was a key consideration. Programmes vary in length, generally one to two years for full time programmes and financial investment.

In addition to the quality of the teaching, the name and prestige of the school play a significant role in the cost.

There are a variety of scholarships, bursaries and financial awards available, so finding those which I qualified for and could feasibly be awarded also had an influence.

My priority at this stage was to ensure the highest possible quality of education and prestige while remaining in the realms of the financially viable.

By this stage I had a shortlist that you could count on one hand and a very challenging decision to make. I applied to all the schools on my shortlist, attended networking events, webinars, open days and interviews. I asked them about their unique selling points.

Size

Cohort sizes are generally between 50 at the smallest size, up to three or four hundred students for some of the larger programmes. Research within my connections and network lead me to favour a smaller programme.

Size helped me to narrow down the shortlist to three schools – each of which with extremely impressive teaching faculty and wider teams. They all had small and intimate cohorts, guaranteeing a personal experience whilst still ensuring a high degree of diversity.

Full-time MBA: Class of 2021

Gut instinct

In the end, the final decision came down to gut instinct and the quality of candidate experience. The Business School team were helpful, supportive, challenging and genuine. They were always quick to respond to queries and offered flexibility in the application timeline.

The open day was remarkably fun, especially the sample lecture which was delivered by the charismatic programme director. Dr Paolo Aversa’s introduction was entertaining, engaging and down to earth. He described the Business School’s Full-time MBA programme as “the Vodka Redbull of MBAs” and one with teamwork and cooperation at its heart, rather than competition, which greatly appealed to me.

The interview process was informed and caring. My final interview was with a senior faculty member, where other schools had me speaking with another member of recruitment. The interviewing Professor offered me invaluable advice on how to choose a school and his inquisitive nature and passion for his subject and education were highly infectious.

The whole application process made me feel highly valued— a person rather than an applicant, and a true asset to the future cohort. All things considered, when waiting for my final offers, during the agonising days of refreshing my email every thirty seconds, I knew that the offer I was truly excited to receive was the offer from the Business School.

Questions to ask yourself

My advice to business school and MBA applicants would be to ask yourself the following questions:

  1. Think about your personal balance of investment, prestige and quality when looking at the schools. Do any of them offer a specialty that resonates with you and your future career goals?
  2. Find potential locations: cities and countries. What about them appeals to you?
  3. Do you want a big, competitive cohort of 300+ or a smaller, collaborative one?
  4. Go with your gut. How do you feel about the interview process? Which school’s email are you waiting for? At this stage, you’ve got to do what feels right to you. 

Welcome!

Peter Walls, Full-time MBA (2021)

Studying Virtually During a Pandemic: the Cass Modular Executive MBA

Selin Sefiloglu and Lingling Delicata, Cass Modular Executive MBA (2022) are the recipients of the 2020 Professional Excellence Scholarship. Selin works as a Finance Manager at Kingfisher plc and Lingling is the Group Internal Audit Manager at Hyperion Insurance Group. Each have over ten years’ experience and are qualified Chartered Accountants. Coming from different industries, they share a common goal: pursuing an MBA at Cass to develop their leadership skills, expand their professional networks and accelerate their careers. Selin and Lingling reflect on their MBA journey so far and the shift to online teaching.

After attending our induction and meeting our fellow cohort, the UK went into lockdown and Cass prepared to switch to online teaching to protect its students and staff.

Leading up to our first week of online lectures on the Modular Executive MBA (MEMBA), the Cass team worked incredibly hard to keep us updated on the lecturers’ arrangements. This included recommended pre-reading (available on our online platform, Moodle), preparations for team discussions and ongoing technology support (thank you Omar Iqbal).

Zoom team meeting

Our lecturers have adapted to the shift to online teaching in light of Covid-19 by using different communication channels to deliver our programme. We are grateful for how they are keeping us engaged with group exercises and role plays– an effective and entertaining method for studying our Strategic Leadership, Organisational Behaviour, Analytics for Business and Accounting, and Financial Reporting modules virtually. Our cohort’s ability to adapt is wide-ranging– one student even participated with class discussions on his exercise bike!

Group assignments play an essential role in our MEMBA programme. Split into smaller teams of five to seven students from diverse professions and cultural backgrounds, we were tasked with our first assignment during the induction weekend: creating a Team Charter.

Meeting our team at induction

The lockdown did not deter us from our MEMBA commitments, and we quickly established the most efficient method to balance our family and personal lives. Following virtual brainstorming sessions on what teamwork means to us at a granular level, our group outlined our ways of working under three main pillars: Thinking, Communicating and Doing. This provided a clear framework for us to operate as a unit, interlinked by our team’s core values.

Open collaboration is a one of the most important factors for success and ensuring everyone stays committed and contributes equally to the group discussions. It’s not about who brings the winning idea to the table– instead, we are creating a safe environment for everyone to present their arguments effectively, contributing to our development as effective business leaders.

Lingling Delicata

As recipients of the Professional Excellence Scholarship, we are both honoured for the recognition of previous achievements in our careers. The scholarship shows how Cass endeavours to empower and support women in business. We’re equally grateful to be on the same project team during the first term, as we are currently in the midst of our Strategic Leadership group assignment with the incredible support of our team mentor, Lisa Delaney.

Selin Sefiloglu

We are looking forward to seeing the final project output and to celebrate our project with team drinks, whether that may be in person or online!

Selin Sefiloglu, Modular Executive MBA (2022)

Lingling Delicata, Modular Executive MBA (2022)

 

Lessons in resilience: using my MBA to adapt to Covid-19 in the travel industry

Growing up in poverty taught me the importance of education.

I vowed to work hard while obtaining professional qualifications to strive for a better life. I am driven to finding the keys to success and my drive has shaped me into a better and more authentic leader.

I have worked as a European tour operator serving Asian travel agents for 16 years and I am passionate about ensuring all of our travellers have the best quality experiences. I endeavour to make sure our travellers enjoy amazing moments as they discover the unique cultures of each incredible travel destination on our list.

Cass provides an exceptional learning journey and powerful networking opportunities. I am inspired by the energy of my cohort: each is a positive professional and an exceptional global leader. My cohort are committed to sharing and contributing their valuable experiences, knowledge and ideas to make the business world a better place. I also love the fact that Cass promotes women’s leadership and provides mentorship and skills workshops for women.

We have now shifted to online teaching in light of the current pandemic situation and I am impressed by how the lessons have remained highly engaging. Our lecturers have demonstrated a world-class example as to how learning should be: dynamic, exciting and insightful. The programme has opened my eyes and taught me how to apply what I have learned immediately into my current organisation during this challenging time in the travel industry. I am learning to assist and support my organisation’s President with business planning for the future. In addition, I have gained confidence in my leadership skills and my ability to develop strategies to overcoming business challenges. I am able to identify the opportunities to restructure the organisation and ensure our business is sustainable and aligned with our global core values and beliefs.

I can’t express how proud I feel right now knowing I am not only making the right choice in embarking on the MBA course. Studying the Modular Executive MBA at Cass has been the best choice because I am surrounded by a good mix of people who have invaluable knowledge and experience from diverse cultures, backgrounds and industries and have the same goals in mind. What could be more exciting than embarking on a new learning journey with a like-minded cohort for the next two years?

Vivian Kmiotek, Modular Executive MBA (2022)

 

Building a bridge to my future career: My Full-time MBA journey at Cass

An MBA programme is like a bridge that connects yourself from yesterday to your future self. Crossing this bridge is a journey. You unearth your skills of detecting problems and delivering compatible solutions by learning and practising mechanisms, methodologies and frameworks. The ingeniously designed campus life at Cass and studying on the Cass Full-time MBA, ranked top one-year programme in London by the Financial Times Global MBA rankings in 2020, have helped me build this bridge.

To define the trip, I would like to break it into three categories, being described by the triple ‘re’: rediscover yourself, reshape your thinking and mindset and revitalise your transferable skills. The triple ‘re’ happens coherently and cohesively throughout the programme.

Rediscover yourself 

Our magical journey started with a careers orientation week. Self-awareness is one of the most popular words from then on. Truly knowing yourself is easier said than done.

We immersed ourselves into designed activities, including taking personality tests to know our strengths, following instructions to list life goals in time slots, reviewing personal profiles to examine previous performances, attending learning workshops to find out where we may have weaknesses and talked with the Careers and Professional Development Team.

Following all these activities, I got to know what the starting point was in my bridge and what my next steps needed to be to link the two points on this bridge.

Reshape your thinking and your mindset 

As a group of people who had achieved professional successes, we do not lack basic competences. What we are looking for is to become even more competent and to bring our skills from good to great.

What we share in common is our desire to develop a keen eye to see the core causes of work-related issues, to discover the logical structure to analyse problems and to develop our creative thinking to come up with solutions. All these things are already skills we have developed on the programme.

In class, the core modules of the programme have taught us more than technical knowledge. Through numerous case studies and discussions, we learned how to decipher the main clue from an abundance of information, how to draw a whole picture of the situation strategically, build up an independent analysis system and how to create a personal toolkit to solve problems.

Out of class, the two and half days of professional development teach us how to handle the relationship between an individual and a group. We investigated leadership and groupwork models, such as the leadership/followership model, role-modelling, contribution and regular debriefing.

We learned how to find appropriate solutions under strange circumstances by learning about how to choose a correct direction, the best way of doing an appraisal of task, and looking into creative trails, agile progress and independent thinking.

When it comes to soft skills, we learned more about how a good spirits and trust in a team can help individuals and groups under pressure: it is important to remain calm, build trust, collaborate, remain open-minded and to build resilience.

Revitalise your transferable skills 

Practise, practise, practise! Teamwork, exams, integration week, strategic projects, international consultancy week and various events provide loads of opportunities for us to test what we have learned.

Studying and working together with a cohort of 30 nationalities is exciting and memorable. Getting convergencies within a multicultural group needs mutual understanding, smart influencing and persuading and thorough communication. Critical analysis is the underlying skill tested by exams.

Working very hard for four days to solve a mixed problem with lovely group of members from day to night was an excellent and interesting experience. Swiftly understanding the core question, making up a logical structure and defining efficient actions for each person are major factors for success.

The two consulting projects we undertook with real companies were amazing experiences that allowed us to use all of the knowledge and skills we have gained throughout the Full-time MBA, particularly the ability to dig out the strategic problem and use a top-down method to delegate the problem mutually, exclusively, collectively and exhaustively.

I have also found that attending events is the best way to network and learn fresh ideas from talented people.

A special episode of the trip 

When the MBA programme is disrupted by an unprecedented event such as Covid-19, what can we do? There are multiple choices and using the triple ‘Re’ is one option I suggest. Analysing the situation objectively and strategically by using tools learned from lectures made me keep independent thinking.

Our “Achieving Your Potential” week at the Sandhurst Military Academy, which was a key part of our professional development training, reminded me how to make myself become calm, peaceful, positive and resilient under pressure. The week gave me extra energy and taught me how to encourage and console my cohort.

Today, we are learning to exercise our leadership skills during group assignment remotely. I found more extensive engagement, trust and positive spirits in my group, which we have used as pillars to maintain collaboration when face-to-face meetings were replaced by virtual ones. Our great effort in adapting to a challenging time and new ways of working meant my team was awarded a distinction as part of a recent team group project.

I would also like to extend my thanks to the School. The dedication, support and collaboration of the staff has helped us continue studying the programme in these unprecedented times and has also taught us how to cope with unexpected global crises.

As I reflect on what I hope to be the next point of my bridge, I hope to be a person who has strong insight into the essence of things in this changeable world. My MBA journey is leading me to that point. Covid-19 can disrupt our physical distance temporarily but cannot disrupt the pursuit of our dreams.

 

Lin Yang, Full-time MBA (2020)

Induction Week: Joining the Cass Modular Executive MBA

The induction weekend was a great way to break us into the Modular Executive MBA programme. The study skills session taught us the key principles required for overall success, including speed-reading, mind-mapping and improving memory. We were also granted the opportunity to meet our lecturers through a series of enjoyable interactive induction lectures. There was a clear focus on teamwork and group activities where debriefing and discussing various viewpoints with our cohort was endorsed.

Meeting our cohort was the best part. We have peers from all over the world, with a vast and varied background. Leveraging each other’s experiences and understanding was embedded from day one. I look forward to getting to know everyone better and building a lasting network of highly skilled professionals.

After having our photos taken, meeting our cohort and an intensive day of lectures, we headed to our induction dinner to wind down at the Crypt. Here we met with our mentors and better connected with our teams.

During my application process, I was honoured to be awarded the “Cass Rising Stars Under 30” scholarship. This scholarship was open to candidates exhibiting an outstanding early stage professional track record, showing potential for future success. Being identified as a “Rising Star” is a prestigious award, further motivating me to be the best that I can be.

In these unprecedented times, in the midst of the Covid-19 pandemic, Cass have been quick to meet the learning needs of its students. With additional software and web-based library services being made available, lecturers and support staff are doing their upmost to ensure a smooth transition. Our MBA Course Office Coordinator, Lorraine has been absolutely great, thank you all!

Our first session of web-based learning starts next weekend, wish us luck!

Soroosh Keshtgar, Modular Executive MBA (2022)

Achieving Your Potential Weekend

The first term of the Executive MBA was as expected, busy and full on. Back studying while balancing work and life was a big change, so the Achieving Your Potential (AYP) weekend came at the right point to be able to reflect on the last six months, and take time to understand the direction that the MBA was helping to lead me in.

Organised by Cass Careers and iOpener, AYP is a weekend off site and outside London, giving the whole cohort real space to rediscover goals, to connect them with the learnings from the MBA so far and align them with future ambitions to maximise, as the title suggests, your potential. This is everything and more from what I gained from the weekend.

Coming from a background in luxury fashion product development and production in small-medium size companies, I chose to undertake the MBA to further my career with the goal of being a COO. However, having experienced a lot of change and challenges over the last few years within my roles, I had lost some clarity, especially with the new knowledge and skills I had learnt from the course.

The different elements of the weekend allowed me to process in a way to help strengthen my on-going development and learning, with a better ability to assess the future, where my drive was and what motivated me. Talking through “Strengths”, “The Happiness Model” and “Values and Purpose”, really gave me clarity to help me move forward with my career goals for the future, and while looking at situations through “The Sphere of Control and Influence” it really put things into perspective and gave me an opportunity to look at things from a different angle.

Not all elements were focused on personal insights. Workshops on “Coaching”, allowed me to develop new skills that I will be able to apply right away within my day-to-day, which is invaluable in being able to become a better leader.

The benefit of working with different cohort members was a lovely experience, bonding with people in a new way, and overall bringing the whole class closer together. The support and judgement free set up of AYP, allowed for an openness which helped maximise the most from the weekend.

For me the AYP weekend, was, as simple as it sounds, just what I needed, time to reflect and take solace in where I had been, understand how these plus the MBA are supporting learning experiences to guide you toward the future to achieving your full and true potential.

Victoria Hind, Executive MBA (2021)

Global Women’s Leadership Programme Scholar: You can read her profile here.

Jump into London’s fintech ecosystem with Cass

We have an incredible opportunity to be studying here in London, the financial technology (fintech) capital of the world. Located right in center city, Cass neighbors some of the fastest-growing fintech startups in the market. Our fintech society is a campus group designed to connect Cass students to this fast-moving fintech ecosystem, learn about new trends affecting different fintech verticals, and develop skills to help break into the industry.

As an American moving my life abroad to the UK to study, I experienced so much frustration with traditional banks and financial institutions. Setting up a student bank account wasn’t easy, and transferring my tuition money overseas was nothing short of a nightmare.  What was taking weeks with traditional banks took me about 20 minutes to accomplish with UK fintech firms like Monzo and Transferwise. These personal experiences of startups solving real-life challenges combined with my background in finance spurred my interest in running our Fintech Society.

A few weeks ago we hosted our first event titled “Disruption in Banking: the Future of Finance” at the Cass Bunhill Row campus. The Fintech Society collaborated with the Cass Careers team to set up an incredible panel of fintech experts including:

Eleanor Hasler – VP of Growth & Product Optimisation at Dozens
Martin Griffiths – Head of Fintech at Barclays
Murali Akella – Former Head of Banks at Transferwise
Valentina Kristensen – Director, Growth & Communications at OakNorth
Aaron Block – Project Leader for Fintech Operations at Expand Research, a Boston Consulting Group (BCG) Company

I was a bit nervous hosting a panel in front of over 100 people, but we quickly jumped into a lively and thought-provoking discussion. Our panelists debated what has driven this disruption since the financial crisis, and how in just a few years small, innovative startups have fundamentally changed the way people interact with money. We touched on how large financial institutions are responding with innovation of their own, and how some fintech firms are staying ahead by focusing on profitability instead of just user growth. What really sparked our audience’s interest, however, was an honest discussion about the realities of working for a fintech startup. While the hoodies, bean bags, and office dogs are a plus, these can be challenging and demanding environments that require a broad set of skills.

After some great audience questions, we opened up our event for a fun networking reception with our speakers and other members of the Fintech Society. This gave all of our members an easy way to make real connections and take steps towards breaking into a career in fintech.

For more opportunities like this in 2020, please join the Fintech Society on the Cass Campus Groups website. We plan to host some more great events like this, so be sure to sign up and learn more!

Kyle Griffith, Full-time MBA (2020)

 

Medical leadership: why I’m studying an Executive MBA as an embryologist

The benefits of studying an Executive MBA as an embryologist 

Studying for an Executive MBA as an embryologist is not very common.

I decided to study the Executive MBA in Dubai  because I noticed a skills gap in my field of work. In the IVF field (in vitro fertilisation), most of upper management do not have a medical background. I strongly feel medical leadership is necessary as it is all about understanding patients’ needs and winning hearts and minds, which is my aspiration.

I also chose to study at Cass for the opportunity for career progression. The IVF market is very competitive and having a managerial role in this field is very challenging as it requires good management and leadership skills. Moreover, a promotion in my current organisation is a great incentive.

In addition, the alternative opportunities that arise from studying an Executive MBA at Cass are a great motivation. The wide knowledge taught by the programme and the problem-solving skills and confidence that I will gain can help me have a more flexible career. I may even consider starting my own business in the future!

Last but not least, building knowledge and personal growth was one of my crucial motivating factors. Having a solid background in IVF, the programme allows me to diversify my skills and build confidence in every element of a business of this field.

Why I chose the Cass EMBA in Dubai and my thoughts on the programme so far

I chose the Cass Executive MBA in Dubai because I believe it is the right course for me: it is a triple-crowned MBA and Cass is ranked very high globally for career progression, which makes it stand out among the majority of business schools. Also, the flexible structure of the programme, as well as the location in Dubai, can allow me to remain in employment while studying.

I am really enjoying the programme so far. The whole Executive MBA is full of networking opportunities, as there is interaction with my cohort, with the faculty, the staff and alumni. Thanks to the focus on teamwork and group work, I have built strong relationships with many members of my cohort. This has not only helped me make more contacts but also many friends from different backgrounds and countries.

The programme adds big value in improving my skills, which helps me a lot in building confidence. I have learned to identify my strengths and weaknesses and build emotional intelligence, which is a key characteristic of a leader.

How I balance work, social life and studies?

Although the demands of the course are high, there are ways to balance work, social life and studies. Time management and discipline are essential and necessary for achieving the right balance. I make sure that I allocate specific time for work, family/friends and studying. I usually make a weekly schedule to prioritise and optimise my time and ensure efficiency.

I avoid wasting my time in activities such as watching television and social media, I ask help from friends and family when needed and I make sure I take care of myself. Focusing while studying is crucial and maintaining a healthy mind and body is essential.

Maria Banti, Executive MBA in Dubai (2021)

 

Facing your fears: What I learned from Cass Innovate 2019

Cass Business School’s yearly flagship event Cass Innovate is attended by entrepreneurs, business owners, finance professionals, consultants and students. Its diverse attendees really shows the living and breathing entrepreneurship ecosystem nurtured by Cass and City, University of London.

The keynote speech by Andrew Lynch, MSc Investment Management (2009) from Huckletree reminded me of the Steve Jobs theory of “connecting the dots.” Jobs’ theory is that it’s only possible to connect the dots looking backwards, so when launching your own venture you must trust your intuition. Andrew’s background and earlier experience in property and finance led him to venture into a business specialising in the coworking space and accelerator Huckletree.

Andrew Lynch: Keynote speaker, CEO of Huckletree and Cass alumnus

The breakout sessions offered at the event were mixed from talks, workshops and panel discussions to serve the need of a wider audience. The workshop The fear of failure: the number 1 enemy was particularly engaging and thought-provoking. The workshop was jam-packed with attendees from various backgrounds seeking an answer to the critical question: “what’s holding you back?”

Delivered by Professor Costas Andriopoulos, we started the workshop by filling in a CV of sorts of our failures. We wrote about what we didn’t get into: job positions, degree programmes, or other failures in life. Initially, I found this exercise counter-intuitive, especially as a CV is all about one’s achievements. The exercise of writing about your failures was a daunting task at first, but at the same time, it also instills the idea of pushing yourself to find alternatives. One more thing I picked up from the session was how to assess the possible negative consequences of an idea through analysis and ranking to explore ways to mitigate it. In fact, this is the first time I ever attended a session on failure and it has changed my mindset on failure and success.

Costas Andriopoulos: The Fear of Failure: the Number 1 Enemy

The session Financing methods throughout a company’s lifecycle, led by Professor Meziane Lasfer, was useful due to its real-world applications to raise the funding your own venture. Professor Lasfer succinctly explained the various methods of raising equity, be it from angel investment, venture capital (VC), private equity, debt and IPO. The session was attended by many budding entrepreneurs, serial entrepreneurs, small business owners as well as investors. Professor Lasfer led the session using the sources of funding used by Amazon as an example. The astonishing journey from launching a company to IPO truly illustrated the need for entrepreneurs and business owners. The Amazon example also provided a glimpse into the profit an investor can make through the different stages of investing in a company.

The final session I attended covered the topic of a Founder exit using research from three studies and was delivered by Professor Vangelis Souitaris and Dr Stefania Zerbinati. I gained insight into the reasons why founders decide to exit– for an example, it may be simply frustration due to lack of power. I learned how founders exit— financial exit, management exit, or simply a combination of two— and what they do afterwards. The most interesting aspect of the session was the opportunity to meet completely different sets of attendees, as many of them have an experience of selling their business in the past.

Overall, the event was well organised and refreshment breaks between sessions gave attendees enough time to connect, re-connect and swap business cards over tea or coffee. There was also plenty of time for networking over wine and nibbles at the end of the day and I look forward to attending Cass Innovate in 2020.

Amit Shah, Modular Executive MBA (2021)

What makes you a social entrepreneur?

As part of my Executive MBA, I attended the Tech for Social Good international elective in Kenya. The study tour took us to Nairobi where we were not only introduced to some real-life applications of how technology is being used for social good but also gained a deeper understanding of some of the key drivers of social value creation.

Social value creation starts with the social entrepreneur, an individual who has made the conscious decision to focus more on value creation rather than value capture. A social entrepreneur addresses neglected problems in society, looks for sustainable solutions and operates in areas with underprivileged communities. We met several social entrepreneurs in Nairobi including Martina Taverna from Airfu, a mobile-based learning platform aimed at targeting learners of low-income status who have limited access to training and Erik Hersman, the founder of BRCK, which provides ICT related solutions and network connectivity to areas of Africa that currently have limited or no access.

Erik Hersman runs us through the technology behind BRCK

The second key driver of social value creation is scalability. As the focus of social enterprises is not on driving a profit but creating social value and finding a solution to a problem in society, social entrepreneurs need to seek alternative methods to capture value, otherwise, their solution becomes unscalable. Funding typically comes from public donations, the local government or the private sector. For Kenya, we learnt from the British High Commission that the UK government provides £300 million annually to the country.

Social enterprises must also consider the format of their business model as the traditional model doesn’t account for the focus on social value creation and therefore, needs to be developed. We were provided with a real-life example of business model innovation when we visited E4impact, who have developed a model focused on franchising. This allows them to provide higher-education to social entrepreneurs throughout Sub-Saharan Africa due to their partnerships with several international universities.

A summary of the range of services that E4impact are able to provide

It’s important to note that Kenya is already ahead of other countries in terms of technology use. The introduction of M-Pesa in 2007 revolutionised how Kenyans transacted and allowed them to skip straight to mobile banking, bypassing the traditional banking methods. Even now, Kenya is considered to be one of the top five countries in Africa that will experience significant grown in mobile phone penetration over the next six years; it is predicted to obtain nine million new mobile phone users by 2025.

It is this familiarity with technology that has allowed Kenya to be so receptive to solutions involving it and for this country, accessibility to the technology is imperative to it supporting social value creation. This holds just as much importance on a larger scale when considering how technology could be used to meet the UN’s Sustainable Developmental Goals. The UN already believes that technology will help, specifically stating that, “in order to eradicate poverty and reorient current unsustainable development trajectories over the period 2015 to 2030, affordable technological solutions have to be developed and disseminated widely in the next fifteen years.”

Kenya presents us with an abundance of social entrepreneurs using technology to create social value. Taking into account what they have done and limitations they have faced (e.g. scalability) will allow us to be able to apply their solutions on a global scale and address the challenges that currently present themselves in the UN’s Sustainable Development Goals.

Nil Sangarabalan, Executive MBA (2019)

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