article thumbnail

Learning from Microfinance's Woes

Harvard Business Review

A few weeks ago, I attended a lecture about microfinance, and got sucker-punched. Expecting to hear a litany of pros and cons about the business, and an exploration of good and bad models, I was instead greeted with a knockout punch: Microfinance doesn't work, at least not in the way we think it does. That's nice.

article thumbnail

Funders Can Give More than Money

Harvard Business Review

And while some foundations bucked the trend and made double-digit investment gains in recent years, the average foundation in Chronicle's analysis netted out 14.9 When presented with a surprising idea, smart organizations will bravely listen, because what comes next might just be game-changing innovation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

President Obama Can Make Start-Up America Succeed

Harvard Business Review

Cities and counties should become the units of analysis, not the nation. Encourage financial entrepreneurship and innovation. Entrepreneurship in financial services has been given a bad rap as one contributor to the economic crisis, but we desperately need innovative financing models for start-ups.

article thumbnail

Entrepreneurs: You're More Important Than Your Business Plan

Harvard Business Review

And we are often happy to review these start-up plans — which include the typical elements such as a product description, competitive analysis, estimate of market size, and projected financials. Applying a formal spreadsheet-type analysis to an early stage concept can be " disastrous." Has it been tried this way before?