The problem with the endless discussion of disruptive innovation
While the innovation industry may be experiencing a golden age, according to several measures, the ideas industry for innovation may be in a state of crisis. We know we are in trouble, when the ideas industry gets embroiled in discussing itself rather than developing fresh approaches for innovative problem-solving.
Read the full op-ed from Dean Chakravorti in The Washington Post
Building on research conducted as part of the IBGC Global Research Fellowship, Fletcher alumni Michael Mori (MALD ’15) and Trevor Zimmer (MALD ’15) published a piece in the MI Press Journal, Innovations. Their research, undertaken in the Summer of 2014, examined the gaps in mobile banking among the poor in Indonesia. Both Michael and Trevor currently work for Dalberg Design Impact Group at Dalberg Global Development Advisors.
Indonesia is the largest consumer market in Southeast Asia and a member of the G20, yet it has one of the largest underbanked populations in the world. As of 2014, only 36 percent of Indonesia’s 243 million people were banked, leaving the majority financially excluded, exposed to risk, and left to manage their finances with mostly inefficient, informal services (World Bank 2014).
Check out their full article in Innovations: “Mobilizing Banking for Indonesia’s Poor”
The Inclusive Growth Initiative (Inclusion, Inc.) of IBGC offers the opportunity for a select number of exceptional Fletcher students to conduct original research and analysis around the world as a part of the IBGC Global Research Fellowship. The program was created in 2013 and has sent student teams into the field for immersive studies in emerging and frontier markets such as Myanmar, Turkey, Kenya, and Indonesia.
What Businesses Need to Know About Sustainable Development Goals
The UN General Assembly held its regular meeting in New York this fall. But this year its purpose was different – and with significant implications for the future of the human condition. More than 190 member countries committed to “eliminate poverty in all its forms everywhere” by 2030, together with 16 other “big, hairy, audacious goals” — to use Jim Collins’ memorable phrase. Coming out of the meeting, the hashtag #2030Now, meant to drum up ground-level support, made a combined total of more than 1.6 billion impressions on Twitter and Instagram and was the top trending topic in the U.S. during the assembly. Cultural icons from Shakira to Queen Rania of Jordan were brought in to lend a certain pizzazz to the goals’ rollout.
Read the full op-ed from Dean Chakravorti in the Harvard Business Review
Bhasker Natarajan, EVP, Liberty International
The past few months have seen rising concerns about political risk and the development of emerging markets, as scandal has rocked Brazil, international sanctions have jammed business in Russia, India has struggled to move forward with reforms, and the Chinese market saw $5 trillion in value wiped out. Against that backdrop, Bhasker Natarajan recently joined Fletcher students to discuss the challenges facing the insurance industry in markets with distinctive geopolitical risks. Mr. Natarajan currently serves as Executive Vice President at Liberty International and Chief Operating Officer for Large Emerging Markets, where his portfolio includes oversight of activities in Turkey, Russia, India, and China—or, as he occasionally calls them, the “TRIC or tricky countries.”
Read the full post at the website for the Fletcher Conference on Managing Political Risk
A like for Mark Zuckerberg
Zuckerberg’s mission is, however, bigger than that of a CEO paying a courtesy call to his largest customer base. India is also home to a chunk of the 4.5 billion people who cannot be his customers because they have no internet access. He was here to also sell Facebook’s year-old project, Internet.org, or Free Basics, that promises the digitally excluded internet access that is both free and basic. The service has already reached a billion people in 19 countries.
But he is being pilloried for his efforts. […] All this is getting more yikes than “likes”.
Read the full op-ed from Dean Chakravorti in The Indian Express
After earning a bachelor’s degree in French at her old alma mater, Indiana University, Alisha Guffey decided to pursue a master’s degree in International Business at The Fletcher School of Law and Diplomacy, Tufts University. It was there that Guffey faced a new kind of cultural challenge: Being a die-hard Colts fan in the heart of Patriots country.
Read the full story on MIB Candidate Alisha Guffey at CBS Boston
“Reflections on Nigeria’s Banking Reforms” by Prof. Kingsley Moghalu
The evolution of African economies in the past decade cannot be discussed without evaluating the growth and challenges of the financial sector. In that context, the role of banks has been dominant. This dominance is not necessarily a good thing, for it implies the limitations of the continent’s financial markets and the need to deepen and diversify them.
Read the full op-ed from Prof. Moghalu in This Day Live