article thumbnail

Do Teams Work Best When The Stakes Are High?

The Horizons Tracker

This process, which they refer to as gradualism, is commonly used in team building and training initiatives, and are also common in the field of microfinance. The researchers examined the effectiveness of gradualism in group settings by imposing various levels of stakes on hypothetical projects on participating teams. Gradual success.

article thumbnail

Making Microfinance More Effective

Harvard Business Review

We recently conducted a literature review of rigorous academic studies of financial service innovations among the very poor to find out what services and products would unlock the most value for those at the bottom of the pyramid. And third, digital platforms can facilitate innovation in product and service design.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Innovation Mindset in Action: Shantha Ragunathan

Harvard Business Review

Although she was poor in resources, she possessed the innovation mindset shared by many game changers: they see and act on opportunities , use "and" thinking to resolve tough dilemmas and break through compromises, and employ their resourcefulness to power through obstacles. Hopeless as her situation was, Shantha engaged in "and" thinking.

article thumbnail

Transforming Rural India Through Agricultural Innovation

Harvard Business Review

On my last trip to India, I witnessed an innovation experiment, National Agro Foundation (NAF) , that addresses this wicked problem. Over 1,900 beneficiaries have established micro-enterprises for which microfinance has been facilitated. Over 1,400 toilets have been built with people participation under sanitation initiatives.

article thumbnail

How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

Not many would associate innovation with large, service-oriented nonprofits with decades of history. Participating families show strong early signs of progress: Those completing multiple assessments have seen increases of 24% in parental income, 50% in hope, and 75% in stability.

article thumbnail

3 Things Driving Entrepreneurial Growth in Africa

Harvard Business Review

Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about. An unfortunate reality of many African economies is that only a tiny fraction of the population participates in the formal economy. Innovation in Distribution.

article thumbnail

The 3 Preconditions for an Entrepreneurial Society

Harvard Business Review

In 1985 Peter Drucker argued for a shift toward an entrepreneurial society, one where “executives in all institutions…make innovation and entrepreneurship a normal, ongoing everyday activity.” This post is one in a series of perspectives by presenters and participants in the 8th Global Drucker Forum.