IE students mentor African women entrepreneurs

Students from IE Business School’s International MBA (IMBA) program have been providing online and onsite assessment for the African women entrepreneurs who have participated in The Women-Led Businesses Program. The program is designed to provide mentoring and assessment for women entrepreneurs in Liberia, South Africa, Congo Democratic Republic, Mozambique, Senegal and Rwanda, and is organized by the Senegalese association FAS (Femmes Africa Solidarité) and IE Business School.

IE Business School’s Center for Diversity and FAS, in collaboration with AECID, have designed and implemented this project aimed at providing 23 African women with training and leadership skills. During the first phase, Professor Pablo Martin de Holan and Professor Celia de Anca created a group of consultants, each of which would be responsible for selecting candidates from a particular country. Between them they selected 23 high-potential African women from a total of 300 candidates. The selected candidates took part in a month-long training program led by Professor Ignacio de la Vega in Senegal. After this training period, they came to Madrid to continue their management education. During the 2009/2010 academic year, the program organizers selected the best business plans and presented them to a panel comprised of potential investors. Celia de Anca, Director of IE’s Center for Diversity, explained how IE feels that is essential to teach young, future directors and entrepreneurs about the enormous potential of the African continent for the corporate world. “The program is about another way of looking at this neighboring continent and another way of doing business in a continent with such potential”.

Details

Change of Screen

IE Focus | By Enrique Dans, Professor at IE Business School

Television is dead. And not only television, but all the other classic media based on unidirectional communication, because the young are changing the rules. A recent study on teenagers´ habits carried out in the United States reveals of how the way information is consumed in our society has changed over the years: the classic one-way media, such as television, have died a death. The medium that was considered for many years as a bastion of North American culture and which still brings together multimillion audiences for events such as the Super Bowl final is being abandoned by young people in their droves. Time spent in front of the TV has fallen drastically and those who still watch it do so on a different screen: their computer.

The final nail in TV’s coffin has been hammered home, as expected, by the social network. The use of the social network confirms that the absurd fears of some adults for the alleged “isolation” of young people in front of the screen (“they don´t go out any more”, “I prefer my computer to seeing my friends”, “they are so pale because they get no sunshine and only get radiation from the screen”) were unfounded fears: the young people who are the most active on the net are also the most active off the net… they have more friends, go out more and go to more parties.

Details

Welcome, Spain, to the Euro

IE Focus | By Gayle Allard, Professor at IE Business School

After just 8 years of circulation the Euro has the dark side that Spain didn’t want to see when it took over from the weakened peseta. What we need now is real improvement in levels of competitiveness.We thought we knew what the Euro was about when we launched it in 2002. We started to spend those new coins and notes with an almost patriotic meaning for pro-Europeans. We went through the “rounding-up” stage, but anyway we were enthusiastic about the new currency and what it meant for Spain and Europe.

And the initial years of the euro brought the benefits we anticipated. Interest rates fell to the lowest ever levels. Trade increased, foreign investment reached new highs and Spain went through a golden era of growth and rapid increases in income. We should almost be forgiven for thinking that belonging to the Euro held only advantages. But we were wrong.

From the beginning, the euro was not ´pretty´ notes, but rather the final abandonment of two fundamental tools that had helped the member states balance out their economies: interest rates and exchange rates.

Details