Monthly Archive for June, 2009

S.E.VEN Fund Essay Contest: New Models of Development

The S.E.VEN Fund has just announced a call for student essays that respond to the following ‘question:’

The SEVEN Fund is looking for models at the national, regional, or city levels, where communities and leaders have decided to stimulate human and economic development through a “heretical mix” of business strategy, local wisdom, and mutual benefit.

Essay writers are asked to review the article, “Rwanda Rising: A New Model of Development”, and in a similar fashion, tell the story of enterprise solutions to poverty in other places, to highlight where these models are taking root and flourishing around the world.

This is a wonderful opportunity for IDEAS winners to take a step back from your work and consider the implications of your work from the 10,000 foot level. What are the core values and principles of your work? What is the impact if it scales successfully? What development “orthodoxies” does it challenge?

Perhaps by responding to these and other dynamics, you’ll have a good shot at the $10,000 prize. More information at the S.E.VEN Fund website.

Good luck!

Book Notes: In the River they Swim

In the River they Swim, available at Amazon.com

Among the benefits of attending I2I were the two books I snagged by presenters which have deepened my reading stack, though one made it to the top of the pile by virtue of cracking it open on the long subway ride from the Village to JFK.

And if I may: if there’s one must-read Summer book on entrepreneurship and development, “In the River they Swim” (“The River” from now on) is my cool and refreshing pick. First off, its a collection of essays, which makes it easy to dip in and out of. Second, its well written and edited, which means you’ll find the intellectual waters at a constant and cozy temperature. [Caveat: I'm precisely half way through the book; these observations may not hold. But I think they will].

A few thoughts.

  • Every student who wants to work in international development – whether commerce, government, academia, relief, etc – should read this book. The contributors come from a range of backgrounds and perspectives. What they share is a sense that the growth of domestic and international business activity is a cornerstone of development.
  • Its not just for students. The depth of the contributors’ experience in international development is impressive – essays from heads of state (Paul Kagame, Rwanda), leaders of multinational institutions (Luis Alberto Moreno, Inter-American Development Bank),  international business executives (Malik Fall, Microsoft), and global financiers (Michael Fairbanks, S.E.VEN Fund) – will appeal to the most pragmatic of professionals.
  • Think globally, act globally. “The River” challenges conventional wisdom about how to approach work as a development actor. It recognizes that today’s global economy turns on interdependence, and thus requires high levels of thinking and broad theaters of action. Its not a guidebook for the underachiever.
  • For business to survive, culture must thrive. One of the things I like about the book is that its contributors span the globe. While most have spent some time at elite intellectual centers, they speak from the homes where they’re grounded – Senegal, Afghanistan, Rwanda, Colombia… And many of the authors point to the benefits – and difficulties – of surrounding themselves, and others, with the broadest intellectual and talent base possible.
  • Reflection, praxis and anticipation. The book is divided into three sections: the first are essays that nurse out into important dynamics in international development, as seen from a range of actors – from cultural pluralism in the workplace to hard lessons learned about managing expectations – and more. The second section is less about lessons-sharing and more about advice-giving: the authors introduce intellectual models – tools and analytical frameworks – for better performance. The third section is a little ambiguous – not just because I haven’t read it, but with a quick scan it seems less focused – a pastiche of globe trotting anecdotes aimed at contextualizing(!) the global economy in ways that bring wealth creation vs poverty trap into some kind of resolution, integrate lessons from around the world into a coherent framework for, if not coordinated action, shared assault.

Learn more about “In the River they Swim.”

Gleanings from X Prize/I2I

The Incentive to Innovate conference hosted by X Prize Foundation and British Telecom was held at the UN headquarters in New York June 8-9, 2009

The Incentive to Innovate conference hosted by X Prize Foundation and British Telecom was held at the UN headquarters in New York June 8-9, 2009

Enjoyed two days of open exchange around the role of inducement prizes to foster innovation, solve problems, and develop new sources of business value. Brought together by X Prize Foundation folks and British Telecom, Incentive to Innovate was packed with excellent panels and interesting folks w/a range of backgrounds – industry, non-profit, gov, academic etc.

Important to say off the bat is that one of the features I enjoyed most were the “break-out” discussions (NTS: need better physical setting), in particular one conversation centered on using prizes to address poverty and other development-related challenges. While the “product” of these conversations was centered on defining new competition space, they did surface interesting tensions and dynamics in approaches. One in our group was how you involve the beneficiaries in these competitions directly, so we break the mold of Northern winners, Southern venues. No solid answers, but I think Grameen offers a good, if “high burden” model of getting people out into the field – in this case to host conversations, sort of bridge the “customer-solver-inventor” gap.

Among those I found most helpful in applying their experiences to the Global Challenge:

  • Peter Diamandis, X Prize: Define the challenge in terms of measurables – specific. Think about not just producing a product, but catalyzing an entire industry.
  • Filippo Passolini, Proctor & Gamble: Don’t orchestrate – create a context for self-organization.
  • Paul Jansen, McKinsey & Co: Be prepared to support winners with follow-up eg getting innovations to market is an entirely different proposition.
  • Rob McEwen, US Gold and Marthin de Beer, CISCO: Have a plan for internal resistance and addressing organization culture.

Continue reading ‘Gleanings from X Prize/I2I’