Salient concepts from the Leadership and Social Entrepreneurship Programme of the Migration Development Council

 

At the two-day contest which involved presentation of 40 business plans, Project management proponent Marlene Murphy (among the judges) noted that the students were well-prepared, but however stressed on the need of being fastidious and sure about financial structures.

While addressing The Gulf Today, Murphy mentioned of the groups’ clear knowledge on franchise concepts, but called for an approach wherein these concepts are transformed into long-term social entities via sound financial configurations. Devian de Leon, CEO of Shell Social Lead, emphasized on future social entrepreneurs fully understanding what social enterprise is; reiterating it’s not completely charity whilst its thriving depends highly on the organization of a rock-solid business plan. She says the methodology should therefore translate to a well-meaning profit-oriented entity that does not stray from its disadvantaged target market. Consul Ferdinand Flores, another judge at the event, noted that proposals were “getting better” with each year. She nonetheless urged participants to regard their business plans not only as items of compliance but also as preparation attempts to guarantee legitimate business.

Reference

http://gulftoday.ae/portal/79b26df3-5502-4ab7-b319-75a646c68982.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s