Here are two more passages from Ayn Rand: “Rationality is man’s basic virtue, the source of all his other virtues. Man’s basic vice, the source of all his evils, is the act of unfocusing his mind, the suspension of his consciousness, which is not blindness, but the refusal to see, not ignorance, but the refusal
By David Stoker, Guest Author What is the next step for MicroFranchising? First there is an enormous need for innovation in Design. There are a number examples of current projects designing specifically for the bottom of the pyramid: the $100 Laptop, Tata’s proposed $2000 car, AIDG products, or innovations out of the D-Lab at MIT,
By David Stoker, Guest Author While the concept of microfranchising sounds simple and exciting, and successful models are starting to emerge, there are endless opportunities for research in methodology and impact evaluation. One university that is dedicating specific resources to researching the field of microfranchising is Brigham Young University in Utah. Their business school houses
By David Stoker, Guest Author The main issue with MicroFranchising is always scale and growth. Up to this point most successful models have been a side operation of a successful parent company that lends technical and financing expertise in the same field: * Norway’s Telenor with Grameen’s Village Phone, * Danone with Grameen on small
By David Stoker, Guest Author When we stop and think of the number of businesses that fall under the umbrella of Franchising in the developed world and the dearth of those business models at the bottom of the pyramid, it is exciting to think of the possibilities. A list of Franchise businesses: Automobile dealerships, Professional
By David Stoker, Guest Author Whenever ‘MicroFranchising’ is mentioned a prominent example is cited: the Scojo Foundation. It was recently highlighted in the January 2007 edition of the Economist and in an article by Swaminathan S. Anklesaria Aiyar in the Economic Times entitled MicroFranchising: the Next Big Thing. Scojo brings reading glasses to the poor
By David Stoker, Guest Author The Grameen Bank has been the leading institution in the field of microcredit and microfinance. They are also leading the way in the field of MicroFranchising as they have expanded into a Grameen Family of Enterprises. Perhaps the most impactful of their microfranchises has been Grameen Phone and its Village
By David Stoker, Guest Author MicroFranchising is a development tool that seeks to apply the proven marketing and operational concepts of traditional franchising to small businesses in the developing world. The primary feature of a MicroFranchise is its ability to be streamlined and replicated. The businesses are designed for microentreprenuers and usually target development issues