According to the 2018-2019 Global Entrepreneurship Monitor (GEM) report, 78.7% of the U.S. population believes that entrepreneurs are held in high regard, and the country has had a record-breaking boom cycle since 2010. Despite these promising numbers, only about 10% of startups last longer than 10 years. What makes the difference between a company’s success or failure? Here’s what you need to know to ensure your business’s success.
In this episode of In The Know, we discuss MBA careers and leadership in entrepreneurship, with a particular focus on social ventures. Also called social entrepreneurship, this entails the use of start-up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. Listen on to discover how INSEAD nurtures budding entrepreneurs, Featuring: Daniel Layug, INSEAD MBA'17D
Working closely with our MBA students and recruiters, the Employer Engagement Team at INSEAD brings in the views of what industries need, and helps our MBA students develop a value proposition that makes them attractive to employers. With INSEAD’s three campuses in Asia, Europe and the Middle East, recruiters benefit by having a footprint in each of these geographies when hiring talents for global recruitments.
The INSEAD MBA Journey started only a month ago. Even though the MBA Programme was loaded with energy and passion, we must take a step back and reflect. The first lesson we learnt at INSEAD was not Finance, was not Macroeconomics and not Strategy. Instead, INSEAD taught us what business really is. It is not only about earning revenue or increasing profit - business is a force for good. It is about bringing value back to the community and society. In this video, you will understand:
Did you know that as a generation we are creating the highest level of carbon footprint on our planet than any generation before? With today’s great comfort and luxuries come high levels of global emissions. The burning of coal, natural gas and oil for electricity and heat is the largest single source of global greenhouse gas emissions at 25% of all global emissions. Emissions from industry come in at 21%. Surely, as global citizens, we all notice the impact of depleting our world’s resources and slowly we are changing our ways.
I have always had a keen interest in social impact, even at a young age. In high school, the club I was highly active in was called Global Concerns. Global Concerns was focused on making a social impact by primarily focusing on the Millennium Development Goals set up by the United Nations. Over the four years that I was there, we were able to raise money for those affected by natural disasters and we even raised money for a water hole in Africa.
This past summer, I worked for the Institute for Canadian Citizenship, a national charity in Canada that delivers programmes and projects aimed at fostering inclusion of immigrants. I was hired to investigate and produce a report on the barriers that foreign-trained engineers face when they immigrate to Canada and try to enter Canada’s engineering profession. In 2017, I had produced a similar report for the ICC that looked at the legal industry and the barriers to entry that foreign-educated lawyers face in that profession.
Following eight years in the financial services industry, I came to INSEAD to discover ways in which I could leverage my past experience to make a substantial difference in the lives of ordinary people. When searching for a summer project, I was keen to find somewhere I could make a tangible difference in a short amount of time and I knew social impact would give me the opportunity to live and work on the ground and see the day to day effect my work was having on the ordinary people I hoped to reach.
After working for five years in the corporate world, I came to INSEAD to explore my options. I wanted to do something different during my summer break. I saw my summer as a window to explore something new. A new country! A new culture! A new work environment! Social Impact was the perfect match. It would allow me to work on interesting life-changing projects, as well as live a both culturally and professionally enriching experience.
I joined INSEAD after spending a few years in corporate roles in consulting and insurance. For the two-month summer break, I knew that I wanted to try something different. When I saw the posting about a position at Kumwe Harvest on CareerGlobe I knew that I had found the right opportunity for me.