"This has been a very rich discussion. What it highlights to me is the need to combine new shared value business models, technology, training, finance and public policy to make this work – to support small businesses at scale. And this suggests…"
"Gaston, on the supply side, certainly. On the retail side, there are certainly transaction costs, but small scale can also be an advantage in terms of providing capillarity into very low income communities. "
"Just to elevate a comment from Catalina on the recycling issue, which may have gotten buried in the threading. She says,
Recycling is becoming an important concern among base of the pyramid. When asked about what they can do for their…"
"Justin, if you are still on, it would be great to hear your comments on the link between shared value and collective impact in supporting small businesses. What we have heard is that it takes an ecosystem."
"Camilo, there is an example of a tendero's community leadership project that is about recycling. This could be an opportunity to deal with those issues and potentially generate additional income - it depends on the recycling environment in the…"
"My thoughts on the final planned question.
I would point out that the MIF is actually a multi-donor trust fund, so it is, in itself, a vehicle for bringing multiple funders into a program while managing the transaction cost implications. There…"
"Due to the ET time change on Saturday, many of European participants are joining us now, so I will stay on for a further 30 minutes. Fellow panelists, you are welcome to stay on with me if you are able to!"
"Final planned question and then we can have some more questions from the audience. What is the scope for broader alliances of companies, donors, governments, and civil society organizations to work together to strengthen small businesses?"
"Policymakers can create a variety of incentives and supports for large companies to support small businesses. Challenge funds, public procurement requirements, and demand-led training that is funded by government are three examples.
"OK! Let's move on to the third of the planned question.
Where do policy drivers most need to change to enable small businesses to succeed, and how can companies and their development partners influence these drivers?"
"We have heard that in-person, hands-on support is greatly valued by the retailers. The personal relationships matter. But it is more expensive. Just recently heard of one example where a company is providing the personal touch via webcam."
Corporate Social Responsibility Initiative at Harvard Kennedy School
I am an academic
About my work:
Director of the Corporate Social Responsibility Initiative at Harvard Kennedy School, and a nonresident senior fellow at the Brookings Institution.
Topics on my radar:
Agriculture, Base of the Pyramid, Education, Enterprise Development, Environment, Finance and Investment, Governance and Transparency, Health, Inclusive Business Models, Measuring Impact, Nutrition, Partnerships, Peace and Commerce, Social Enterprise, Technology, Trade, Water, Women and Business, Youth Enterprise
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