Responsible development through a new generation of leaders. The program has involved more than 134 students, coming from 43 Universities placed in at least 29 different countries around the world
Emerging Market Initiatives (EMI) is a program which aims to create awareness and new solutions to cope social and environmental issues in emerging economies. The program has involved more than 134 students, coming from 43 Universities placed in at least 29 different countries around the world
EMI is composed for 4 initiatives: Transforming Small Business (TSB), EMI Workshops, Base of Pyramid (BOP) and Corporate Social Responsibility (CSR), which drives participants, playing as a consultants, to face an create solutions for small and medium enterprises (SME´s)
Our mission is to teach new ways to do business in order to improve social and environmental issues, aiming to reduce inequity, exclusion and poverty through SMEs in emerging markets.
Our objectives are to:
form global, creative and responsible leaders
support economic, social and environmental initiatives in SMEs
enhance the role of the private sector in social issues
connect relevant actors for improved results
EMI currently fulfills its mission by training young professionals from around the globe and preparing them for the realities of doing business in emerging markets. Newly trained consultants then immediately apply their skills by providing consulting services for SMEs in Colombia. Given that our client companies often lack the resources to pay for such services, we provide them at no cost.
In 1998, the School of Management at the Universidad Externado de Colombia, upon recognizing an opportunity to help alleviate the difficult economic conditions of the country, launched a program focused on training business students in consulting, and supporting bottom-up economic development in Colombia. This program was named Plan Padrinos, (Transforming Small Business (TSB) international version) and has since impacted over 2000 small and medium enterprises (SMEs) through the efforts of nearly 1500 student consultants.
Given the success of Transforming Small Business (TSB), the School expanded its initiatives to include consulting work targeted at instigating best practices in Corporate Social Responsibility (CSR) to meet international standards set by the United Nations Global Compact, Global Reporting Initiative and other organizations, as well as to include consulting focused on orienting businesses to produce products and services that serve bottom of the pyramid (BOP) markets; all of these were supported by EMI workshops that trained students in the latest trends and methodologies for application in innovation processes. Going even further, the School has consolidated these initiatives into what is now called Emerging Market Initiatives (EMI) and broadened its purpose to support responsible economic development and, in so doing, expand knowledge of the emerging market economy.
The outcomes of Emerging Market Initiatives are WIN – WIN
International volunteers reap incredible rewards by spending their summer working with EMI. For participants, University have some scholarships (Program tuition), according to the number of students ; in all the cases participants bear with travel expenses, accommodation and food. Those interested in gaining unique experience and exposure that will enhance their competitiveness in the labor market will enjoy the following benefits:
instruction and training on:
emerging market conditions and opportunities
consulting concepts and practices
unmatched networking possibilities with participants from around the world and top institutions
the opportunity to put theory into practice and have an impact
development of soft skills such as:
international working teams
leadership and innovative mindset
creation and defense of ideas and proposals
the unique experience of visiting vulnerable communities
close contact with SMEs from Colombia
Of course, SME´s organizations are benefited enormously as well. As many lack formal business training, permanent policies of innovation, or even the resources to pay for third party consulting services, client companies gain.