Demystifying Africa’s Risk Perception Premium

With a growing middle class, early-stage frontier markets, enormous demographic advantages, and its ongoing digital transformation, Africa continues to grow in both economic and geopolitical importance. In “Demystifying Africa’s Risk Perception Premium,” Paul Clyde and co-authors make the case for a stronger U.S.- Africa trade and investment relationship, one that changes the narrative around doing business on the continent.

Cash prizes include $5,000 for the winning case study

 

 

 

 

 

 

 

 

 

 

 

 

 

WDI Publishing is organizing a new competition for case  studies focusing on the unique advantages and challenges of doing business in the Middle East and North Africa (MENA) region.

Submissions for the competition, “Doing Business in the Middle East, North Africa Region,” should focus on a business dilemma of an organization or company located or doing business in the MENA region. The cases may feature a small or large organization, private sector multinational, non-governmental organization (NGO) or nonprofit. 

The global competition is open to individual students or student teams, as long as they enter in collaboration with a faculty member from a degree-granting university or college. Faculty or faculty teams may also enter as long as they are currently teaching at a degree-granting university or college. Other individuals may also enter, provided they do so in collaboration with a faculty member from a degree-granting university or college. 

The winning entry will be awarded $5,000. Second place will earn $3,500 and third place $1,500. Additionally, all three winning cases will be published by WDI Publishing and added to its case catalogue. Entry forms are due Dec. 12, 2019, and the final case and teaching note must be turned in by Feb. 9, 2020. Winners will be announced on March 20, 2020. 

To learn more about key deadlines, entry requirements, judging criteria and to access entry forms and submission documents, click here. For resources on how to write a case study and a teaching note, along with other helpful information, click here.

WDI Publishing has assembled an impressive panel of judges for the competition. They are: 

Kim BettcherCenter for International Private Enterprise (CIPE)

Andrew J. HoffmanUniversity of Michigan Ross School of Business

Manel Khadraoui – University of Tunis/Tunis Business School

Hagop PanossianAmerican University of Beirut Olayan School of Business

WDI Publishing Manager Sandy Draheim said she hopes the competition will encourage the development of new, academic case studies about the MENA region, increase the understanding of doing business there and grow the critical thinking skills of university students in these countries through the use of these new MENA-focused cases.

“There are many regions of the world that could use more ‘localized’ business case studies for higher education,” Draheim said. “But, partly based on the incredible response, interest and results of WDI’s M²GATE program, we thought it would be interesting to target our first geographically-themed case competition around MENA issues. We want to elevate the quality and quantity of teaching materials that provide students – both in the MENA region and around the world – with opportunities to take on the roles and responsibilities of managers in organizations located or doing business in this region.”

WDI has produced a new video that highlights its work on the successful M²GATE program that connected more than 400 students from five Michigan college campuses and their peers in four  Middle East and North Africa (MENA) countries through virtual exchange.

The video, titled “WDI’s M²GATE Program: Virtual Learning, Real World Impact,” features interviews with students from Michigan, Libya and Morocco, a mentor from Libya and scenes of student team planning sessions in Michigan, Libya and Tunisia. There also is footage from the final pitch competition that came at the end of the program.

M²GATE, short for MENA-Michigan Initiative for Global Action Through Entrepreneurship, used virtual exchange to bring together the Michigan students with those in Egypt, Libya, Morocco and Tunisia. Teams worked virtually to develop social entrepreneurship projects and accompanying pitches over an eight-week period with the help of instructors, mentors and successful entrepreneurs from MENA and Michigan.

At the end of each of the three cohorts, the program hosted a virtual competition with judges naming winners based on each team’s video that pitched their scalable solution. The winning team from each cohort then traveled to Ann Arbor to participate in a live pitch competition at the University of Michigan.

The program increased cross-cultural understanding and equipped young people with the skills needed to thrive in a 21st century economy, such as entrepreneurship, team building, innovation and design thinking, international business, problem solving and critical thinking. (Read more about the program’s impact here.)

Designed and managed by the Institute throughout 2017-2019, M²GATE was funded by the Stevens Initiative, an international effort to build global competence and career readiness skills for young people in the United States, the Middle East and North Africa. The Stevens Initiative is sponsored by the U.S. Department of State and administered by the Aspen Institute. The Stevens Initiative is also supported by the Bezos Family Foundation and the governments of Morocco and the United Arab Emirates.

 

 

WDI designed an innovative virtual exchange program using modern technologies to give students an exciting real-world learning experience.

 

The latest WDI Impact Report, “Building Bridges Through Virtual Collaboration,” chronicles how WDI utilized the latest virtual learning tools to bridge the gap between countries, communities and cultures and bring students together solve real-world problems while also honing the 21st century skills they need to excel in the modern workplace. (You can read a “flip book” version of the report here.)

The MENA-Michigan Initiative for Global Action Through Entrepreneurship program – M²GATE for short – brought together more than 400 students from five Michigan university campuses and their peers in Egypt, Libya, Morocco and Tunisia to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region.

“M²GATE graduated more than 400 students in five countries and deeply touched their lives,” said Amy Gillett, vice president of Education at WDI and academic director of M²GATE. “For many, the program was transformative. The impact report explores this in detail and serves as a valuable resource for other institutions contemplating a virtual exchange.”

For the program, all teams worked virtually to develop social entrepreneurship projects and accompanying pitches over an eight-week period with the help of instructors, mentors, and successful entrepreneurs from MENA and Michigan. WDI believes entrepreneurship is a crucial catalyst of economic growth and an effective way to cure society’s ills, which is why it was the focus of the program.

At the end of each of the three cohorts, the program hosted a virtual competition with judges naming winners based on scalable solutions. The winning team from each cohort then participated in a Nov. 14 pitch competition at the University of Michigan.

 M2GATE is supported by theStevens Initiative, which is sponsored by the US Department of State and administered by the Aspen Institute. The Stevens Initiative is also supported by the Bezos Family Foundation and the governments of Morocco and the United Arab Emirates.

“The Stevens Initiative’s virtual exchange programs foster meaningful cross-cultural interactions and relationships while also honoring the legacy of Ambassador Stevens,” Gillett said. “We were privileged to play a role in advancing this mission with the M²GATE program. ”  

This is the third impact report in an ongoing series that detail the long-term impact WDI is having in certain sectors or geographies. The first WDI Impact Report, “Improving Business Education in the Philippines,” examined the Institute’s contributions to the five-year STRIDE project that focused on strengthening the science, technology, research and innovation capacity on the island nation.

The second WDI Impact Report, “Positive Change Through Actionable Metrics,” followed the work of the Institute’s Performance Measurement & Improvement group while pilot-testing a new framework in Brazil, Nicaragua and Peru designed to increase the impact of small, inclusive businesses and their distribution networks.

 

View the eBook Download the PDF

 

 

WDI’s M²GATE program, which brought together more than 500 students from five Michigan university campuses and their peers in Egypt, Libya, Morocco and Tunisia to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region, culminated Nov. 14 with three teams participating in a pitch competition.

The team EcoMENA, comprised of five students from Egypt and two U-M undergrads, was named the winner by a panel of judges. Their project proposed working with the zabaleen, or garbage collectors, in Cairo to help them turn the recycled materials they collect into jewelry and other products they can sell. This would reduce the amount of plastics and metal burned or dumped into landfills, and also help some of the zabaleen earn extra income. (Below is EcoMENA’s pitch video.) EcoMENA team members include Egyptian students Amira Nour Soudky Dawoud, Mohamed Ashraf Abdelaleim Hassan, Naglaa Ibrahim Hussein Ali, Omar Aboutaleb and Samar Mohamed Taha Zaatar; and U-M students Annahita Akbarifard and Jackie Spryshak.

The other two finalist teams were “The Alters,” a team from Morocco that proposed an after-school program to improve the soft skills of students, and “Kaizen,” a Tunisian team that wanted to encourage more recycling in the country by rewarding people who did.

For the MENA-Michigan Initiative for Global Action Through Entrepreneurship (M²GATE) program, all teams worked virtually to develop social entrepreneurship projects and accompanying pitches over an eight-week period with the help of instructors, mentors, and successful entrepreneurs from MENA and Michigan. At the end of each of the three cohorts, the program hosted a virtual competition with judges naming winners based on scalable solutions featuring science, technology, engineering, and math – or STEM-based – innovations. The winning team from each cohort then participated in the pitch competition at U-M.

“The Alters” team member Anas Ettayea.

At the Nov. 14 event, each team had about 5-7 minutes for their presentation before a panel of four judges that included Ross School entrepreneurship professors and startup consultants.

EcoMENA team member Naglaa Ibrahim Hussein Ali said the team at times had its ups and downs as they put together the proposal and pitch. But in the end the team “came up with the best pitch we can do” and in the end, “we love each other.”

She said she never imagined the team would win and was very happy that they did.

“I won’t ever forget this experience,” she said.

Another team member, Mohamed Ashraf Abdelaleim Hassan, said he enjoyed spending the week with the teams from Morocco and Tunisia and the friendships they developed. He said he had participated in other pitch competitions in school in Egypt but this was the first time he ever won.

He said he will use his M²GATE experience as he continues his engineering and social enterprise studies at the American University in Cairo.

“This program was beneficial to me, it was useful for me and the other students,” he said.

Mohamed Abdel-Kader.

U-M Dearborn senior Annahita Akbarifard said she signed up for the program on a whim and was glad she did. She said the program taught her to be better organized and improved her time management skills. She said it could be difficult to arrange times to video chat with her Egyptian teammates due to different time zones and other conflicts.

Akbarifard said it has been enjoyable getting to know her teammates better this past week.

“Sometimes when we would video chat I wouldn’t see their faces because the screen was blank,” she said. “Now seeing them in person, I’m like, ‘Oh you’re the person I emailed 50-plus times.’”

Ross School of Business Dean Scott DeRue said the M²GATE program is an opportunity for students to learn how to have a positive impact through business, entrepreneurship and social enterprise projects.

“This program is a hallmark of what we try to do at the University of Michigan, which is working across boundaries to bring people together to work to address the opportunities and challenges that we all face in our global society,” he said. 

The program was funded by the Stevens Initiative, an international effort to build global competence and career readiness skills for young people in the United States, the Middle East and North Africa. The initiative honors the legacy of U.S. Ambassador Chris Stevens, who devoted his life to building bridges between people from different cultures.

Mohamed Abdel-Kader, executive director of the Stevens Initiative, said the students were there to honor the legacy of Ambassador Stevens. He said the ambassador was committed to connecting with young people and understanding the communities in which he worked. Ambassador Stevens “brought forward the best of American values,” Abdel-Kader said.

He told the teams that the cross-cultural skills they learned during the program are critical in today’s global world.

“We are in an age where these skills are incredibly important,” he said. “These types of executive skills of communication and collaboration and the ability to work across borders is incredibly important for the 21st century workforce.”

He said the virtual collaboration program supported by the Stevens Initiative has reached 28,000 students in 43 states and 17 countries in the Middle East and North Africa.

“Through that technology we can connect a student with someone they would have never met,” Abdel-Kader said.

He told the students that it was a “huge responsibility for you to be part of this program.” He then told them about how his Egyptian mother always told him not to waste food because it was a blessing. Likewise, participating in the M²GATE program was a blessing too.

“This is an opportunity you shouldn’t throw away,” he said. “So many students don’t get an opportunity to go abroad and connect with others. In this day and age when the relationships and dialogue between us are a challenge, take this as a blessing to represent your countries, represent your neighborhoods, represent your families, to connect with others and really drive home the values that you’re proud of and want represented in the global community. ”

 

Before participating in WDI’s M²GATE Program, University of Michigan sophomore Jackie Spryshak said she had never met anyone from Egypt. Over eight weeks this summer, Spryshak worked with and got to know her teammates from Egypt as they collaborated on their winning social enterprise project as part of the M2GATE virtual exchange program.

On Nov. 14, her Egyptian teammates will travel to Ann Arbor for a pitch competition at the Ross School of Business where they will meet for the first time. In all, 12 students from the MENA region will travel to U-M – six from Egypt and three each from Morocco and Tunisia. Four of the U-M-based students come from the Ann Arbor campus and one attends the Dearborn campus. (Click here to RSVP to attend the event in person. It also will be streamed on Facebook Live. Click here to RSVP on Facebook.)

“I am so proud that our team worked so hard and I am thrilled to be able to meet these students in person,” she said. “I am in awe of the creativity and drive behind my teammates, and can’t wait to see them.”

Spryshak and her teammates from Egypt were among the more than 500 students who participated in the WDI-organized program MENA-Michigan Initiative for Global Action Through Entrepreneurship (M²GATE), which paired undergrads from five Michigan campuses with peers in Egypt, Libya, Morocco and Tunisia to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region. Working virtually, teams developed social entrepreneurship projects and accompanying pitches over an eight-week period with the help of instructors, mentors, and successful entrepreneurs from MENA and Michigan.

At the end of each of the three cohorts, the program hosted a virtual competition with judges naming winners based on  scalable solutions featuring science, technology, engineering, and math – or STEM-based – innovations. The winning team from each cohort will participate in the pitch competition at U-M.

At the Nov. 14 event, each team will have about 5-7 minutes for their presentation before a panel of five judges that includes Ross School entrepreneurship professors and startup consultants. The event begins at 3 p.m. in the Ross School Colloquium on the sixth floor. It will be live streamed; details will be provided later. Light refreshments will be served at the conclusion, around 4:30 p.m.

Here are the videos from the three winning teams about their proposed social enterprises.

The Stevens Initiative is an international effort to build global competence and career readiness skills for young people in the United States, the Middle East and North Africa; it is funded by several public and private donors including the U.S. Department of State and the Bezos Family Foundation.

From 2017-2019, the M²GATE program brought together more than 400 students from five Michigan university campuses and their peers in Egypt, Libya, Morocco and Tunisia. Harnessing the power of virtual exchange, students worked in teams to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region, while learning new skills, building cross-cultural experiences and forging new relationships. Students developed their business concepts over an eight-week period and judges determined the winning team from each of the three cohorts. M²GATE culminated in a visit by the winning teams to Ann Arbor to participate in a week of entrepreneurial activities, including a business pitch competition, in November 2018.

Student feedback was overwhelmingly positive, with participants praising the program for helping them work with people in different cultures and exposing them to new concepts in design thinking, entrepreneurship, leadership and virtual collaboration. The program also sparked in students a deep interest in social enterprise – 51% of program participants said they planned to take what they’ve learned and start a social enterprise in the future. The program was funded by the Stevens Initiative at the Aspen Institute, with support from the U.S. Department of Statement and a consortium of other partners

Abanoub Montaser Rodolf of Cairo recently was part of a winning team at a prestigious science competition in Indonesia. But he credits his success there to what he learned earlier in the spring from Ann Arbor.

Rodolf was one of more than 500 students who participated in the WDI-organized program MENA-Michigan Initiative for Global Action Through Entrepreneurship (M²GATE), which paired undergrads from five Michigan campuses with peers in Egypt, Libya, Morocco and Tunisia to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region. Working virtually, teams developed social entrepreneurship projects and accompanying pitches over an eight-week period with the help of instructors, mentors, and successful entrepreneurs from MENA and Michigan.

The program culminated in a virtual competition, and judges looked for scalable solutions that feature science, technology, engineering, and math – or STEM-based – innovations. Among the benefits of the program were that it increased cross-cultural understanding and equipped young people with the skills needed to thrive in a 21st century economy.

Rodolf, a student at Higher Technological Institute, was part of M²GATE’s second cohort and was on a team with three fellow Egyptians and two University of Michigan students – one each from the Ann Arbor and Dearborn campuses. His team, called the Sustainablers, developed an app that linked those looking to dispose of electronic waste with people interested in either buying or recycling it. The Sustainablers finished second out of 28 teams with their video pitch, which is below. (WDI will host a pitch competition with the winning teams from the three cohorts on Nov. 14 at U-M’s Ross School of Business.)

Last month, Rodolf was selected by Egypt’s Academy of Scientific Research and Technology as one of five delegates to represent the country at the 12th Asian Science Camp in Manado, Indonesia. The camp brings together talented, young scientists from 30 countries to share their ideas and projects in Asia and meet Nobel laureates and distinguished scientists. To be selected, Rodolf went through long screening and interview processes against top high school and college undergraduate students.

Rodolf credits M²GATE with preparing him for this tough evaluation exercise.

“The skills of thinking critically from diverse perspectives that I gained from M²GATE helped me to be different from the other applicants from all over Egypt,” he said.

https://www.youtube.com/watch?time_continue=27&v=boUSQb4YeOw

At the science camp, Rodolf was put on a team with students China, Japan, Thailand and Indonesia for a competition. They worked on a project to recycle plastic waste. The judges – including a Nobel laureate – chose the team’s project as the best.

Again, Rodolf credits the M²GATE program with giving him the tools to do well in the competition.

“I really appreciate the skills of collaborating and communicating and crossing cultures that I learned in M²GATE, which helped me so much to lead” my science camp team, he said.

Since his win at the camp, Rodolf has been interviewed by Egyptian reporters in print and twice on television. He said the M²GATE “changed my life to the best.”

He said he is thankful “for every single thing I’ve learned in this program because I really have benefited from everything I’ve learned.”

The Stevens Initiative is an international effort to build global competence and career readiness skills for young people in the United States, the Middle East and North Africa; it is funded by several public and private donors including the U.S. Department of State and the Bezos Family Foundation.

University of Michigan students chat during an M2GATE virtual exchange session.

University of Michigan students chat during an M2GATE virtual exchange session.

 

 

 

 

 

 

 

 

 

 

A Washington, D.C. forum on the positive impacts virtual exchange programs can have on communities and young people worldwide included a panel discussion featuring Amy Gillett, vice president of WDI’s Education initiative.

The forum, “Inspiriting Civic Engagement through Virtual Exchange,” was sponsored by the Stevens Initiative and hosted by the Aspen Institute. It was held May 17-18. The panel discussion is featured below and begins at the 1:23:10 mark.

 

 

Gillett discussed WDI’s work this year with the Stevens Initiative on the MENA-Michigan Initiative for Global Action Through Entrepreneurship (M²GATE) program. For the first two cohorts, WDI recruited 111 students from three Michigan universities ― University of Michigan, Wayne State University and Eastern Michigan University ― and 223 of their peers from the participating Middle East and North Africa (MENA) region countries of Egypt, Libya, Morocco and Tunisia. The third and final cohort began May 25 with 60 Michigan students and 151 MENA students enrolled.

For the project, the Michigan-based students were paired with their Middle East counterparts to find entrepreneurial solutions to social challenges in the MENA region. Working virtually, teams of six developed social entrepreneurship projects and accompanying pitches over an eight-week period. Guiding them along the way were instructors, mentors, and successful entrepreneurs from MENA and Michigan. The teams coordinated times for virtual group work and produced a pitch video as a final assignment.

Gillett was joined on the panel by Jennifer Chen of World Learning and Victor Eno of Florida A&M University, leaders at two other organizations that also implemented virtual exchange programs in partnership with the Stevens Initiative. The three discussed why it is important for young people to be active participants in their communities, what they can learn about civic engagement from their global peers and how virtual exchange programs can advance participation.

“This program fundamentally changes participants’ point of view on their role in society by helping them realize that they can be the ones to address issues in society instead of waiting for the government or some other entity to take action, Gillett said. “Some of our participants are starting to refer to themselves as ‘changemakers’ and I think that’s an apt description.”

The Stevens Initiative is an international effort to build global competence and career readiness skills for young people in the United States, the Middle East and North Africa; it is funded by several public and private donors including the U.S. Department of State and the Bezos Family Foundation.

Students gather at U-M’s Ross School of Business for the launch of the M²GATE program.

 

Brett Ritter admitted to feeling a bit nervous at the kickoff event for WDI’s new  M²GATE program where he would meet his international teammates for the first time. He worried that cultural differences and a language barrier might hinder his ability to work with his peers from the Middle East and North Africa.

“There were a lot of unknowns that made me a little worried if this program was right for me,” the freshman finance major at the Ross School of Business said. “But I was given great guidance by our leaders as to what the program was all about. The mentors made me excited to go forward working with my team. I also enjoyed meeting my team for the first time.”

“We learned a lot about each other in such a short period and it really opened my eyes.”

Ritter is one of 53 U-M students participating in the first cohort of the MENA-Michigan Initiative for Global Action Through Entrepreneurship (M²GATE) program. He and his fellow Wolverines are paired with 112 undergrads from top universities in Egypt, Libya, Morocco and Tunisia to find entrepreneurial solutions to social challenges in the Middle East and North Africa (MENA) region. (Applications are being accepted through March 1 for the second and third cohorts for the program, which is open to undergraduates from Eastern Michigan University and Wayne State University along with all three U-M campuses.)

For the first cohort, the 165 total students were placed on 28 teams of five to six students each. Working virtually, teams will develop social entrepreneurship projects and accompanying pitches over an eight-week period. Guiding them along the way are instructors, mentors, and successful entrepreneurs from MENA and Michigan. The teams coordinate times for virtual group work and produce a pitch video as a final assignment.

Claudia Cornejo, a sophomore at Ross studying business administration, couldn’t wait to attend the Jan. 26 program kickoff. She was excited to meet the students she would work with, understand their perspectives on the program and why they are interested in social impact. After meeting her teammates from Morocco, she said she was fascinated by the idea that although they grew up in different worlds, all were aware of social challenges within their own communities and were motivated to join a program that addressed them.

“It was incredible to see just how similar our personalities and perspectives were, even though our upbringings and environments are so distinct,” Cornejo said.

At the program kickoff, participants from the four MENA countries were beamed via video chat into a Ross School of Business classroom where the U-M students were seated. After introductions, the students worked on a team-building exercise before coming back together to report on what they learned. Program organizers then walked the teams through the eight-week schedule and where to go for resources.

Cornejo said she is interested in education policy in the U.S. and around the world, and believes entrepreneurship could be an untraditional approach to help solve challenges.

“This program took my interests to the next level by allowing me to work one-on-one with people from different parts of the world,” she said. “I have come across many different programs and organizations that do work internationally but never give you this unique personal relationship with fellow students around the world. M²GATE provides the perfect platform that connects me to students with the same passions and goals as me, but with different perspectives, worldviews and approaches to try and achieve these goals.”

Ritter said he is currently working on a social entrepreneurship project independently and thought M²GATE would help him learn more. He also wanted to connect with people from other cultures.

“This is a once-in-a-lifetime experience where we could have mentors help us help the world,” Ritter said. “What I found appealing about the project was that it teaches team building and valuable communication skills that are essential for any aspiring businessman.”

Adrian Maloy, a second-year student majoring in accounting and finance at UM-Dearborn, was teamed with some students in Tunisia. He said the M²GATE program was appealing because it exposes him to a different culture.

“Our world is becoming smaller, and taking the opportunity to gain global competencies will become a companion in how people develop socially,” Maloy said. “I feel this program allows you to gain those competencies.”

Cornejo and Ritter also see the program as a possible stepping stone to studying abroad and maybe a career overseas.

“I have always seen my career path taking me abroad, however this will be my first experience communicating across different cultures to try and ameliorate a social issue affecting many people around the world,” Cornejo said. “I want to learn how other cultures approach issues such as education reform, and how we can translate and combine our ideas to create an even better solution than just one community or culture could come up with.

“I am a firm believer that analyzing different perspectives and cultures can lead you to a more comprehensive solution to any problem.”

Ritter said he hopes the program gives him some guidance on “what my purpose is on helping society.”

“We all need to do our part, and I hope this program can make me realize what that part is,” he said, adding that it might be spending a semester or more studying overseas.

“Studying abroad is one of the greatest experiences I can get,” he said. “It’s college. I want to live it to the fullest, however I can.”

 

Applications for M2GATE are being accepted through March 1 here.

 

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