The same first-hand knowhow can be seen in our portfolio companies. The founder of Zepz, a digital payments company, is a Somaliland entrepreneur who started his business in frustration at the fees he was charged to remit money to his family in Africa. The chief executive of Northern Arc, a financial services business, is a woman who grew up in a fishing village in Goa, and now provides loans to 43m Indian women.
A third priority for schools is establishing the metrics that can identify and measure real impact. That is not only an ethical imperative but also calls for a highly commercial skill set that all business students should acquire. Here again, a few leading schools have responded, including Wharton, Harvard and Chicago Booth, which are working with investors to carry out research on the characteristics and drivers of success in impact investing. Such approaches should become core to MBA courses.
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