CIBT PR OD EO A RI AT PR O P 3 rd Edition Master Global MBA in Impact Entrepreneurship Forging Africa s Future A Unique Blend of Distance Learning, Class Lessons and Coaching Catholic Institute of Business and Technology Adjacent Teachers Hall, Adabraka Accra Starting Date: October,
Table of Contents Welcome message 3 Global MBA in Impact Entrepreneurship 4 Highlights of the MBA 5 MBA Program Structure 7 Calendar 8 Candidate Profile and Business Prospects 9 Some of the E4impact Champions 10 Relations with investors and networking events 11 MBA Application Process 12 Universities Profile 14 MBA at a glance 16 MBA Mentors 17 MBA Partners 18 About E4impact 20 2
Welcome Message The Global MBA in Impact Entrepreneurship, aims at creating a concrete answer to one of Ghana's most pressing needs: job creation. The Program has been designed with a unique formula that combines the academic features of an MBA with actionable business tools and networking opportunities for investments. The aim is to offer participants a chance to start and develop their businesses while understanding the keys to increase their positive impact on the society. The Program is structured on a part-time formula that blends distance learning and contact learning and enable participants to keep track of their businesses while attending the course. A team of Ghanaian and international faculty, mentors and coaches support participants in every step they take to start up and grow their businesses. The real plus for participating in the MBA is to become part of a system that: Ÿ Supports you in the fine tuning of your business idea; Ÿ Helps you in developing your skills, strategic imagination and financial discipline; Ÿ Facilitates access to financing for the sustainable growth of your business; Ÿ Creates stable links with a network of Ghanaian and international entrepreneurs. The Global MBA in Impact Entrepreneurship is being organized by the ALTIS, Postgraduate School of Business & Society of the Catholic University of the Sacred Heart of Milan, Italy (Università Cattolica del Sacro Cuore) in collaboration with the Catholic Institute of Business Technology (CIBT). The MBA Program opens doors for participants in terms of career prospects and the start-up of new business opportunities. I wish to congratulate each of you for the courage and your passion for social transformation and assure you that you will enjoy every minute of your time here at CIBT. We invite you to join us at CIBT and we look forward to welcoming each of you to this life transforming Program. Very Rev. Msgr. Jonathan T. A. Ankrah President of Catholic Institute of Business Technology JCD., MA., MA., PhD. JOIN US, BECOME AN IMPACT ENTREPRENEUR AND BE PART OF THE CHANGE! Prof. Mario Molteni Director of ALTIS, Catholic University of Milan, Italy 3
Global MBA in Impact Entrepreneurship The Global MBA in Impact Entrepreneurship trains both active and aspiring entrepreneurs in the start-up and/or scaling of their businesses. It supports participants in: Transforming a business idea into a business plan Developing the business tools and skills necessary to manage a new venture Creating partnerships with investors, suppliers and customers. The MBA program is structured as a training camp where each course directly responds to the concrete needs that arise in the start-up or scaling of a business. Where and When It is offered in partnership with local universities and confers a degree from Università Cattolica del Sacro Cuore of Milan, Italy. Formula The Global MBA in Impact Entrepreneurship comprises of a unique and flexible blend of class lessons, distance learning, and coaching to help MBA participants to apply what they learn to their business while keep on doing business and work: 4 Three (3) Boot Camps of full-time classroom and networking sessions; Six (6) Long Weekends of full time classroom; Eight (8) Distance Learning Sessions. Catholic Institute of Business and Technology (CIBT) P. O. Box GP 765 Accra, Ghana 3rd Edition: October 26, 2015 October, 2016
Highlights of the MBA Business Coach Each participant of the MBA is accompanied by a Business Coach, a full time consultant who supports him/her in developing their business plan and in establishing relationships with mentors, partners, suppliers, customers and investors. Action oriented training The MBA is not an academic exercise, but applied learning where students are guided in verifying the feasibility of their business project and in drafting an investor ready business plan. Relations with investors Students are introduced into an entrepreneurial ecosystem that supports them prior to, during and after the launch of their impact venture. Mentorship MBA participants receive experienced guidance through regular contact with successful local and international business people. Local context and global perspective The program is taught by both local and international faculty. European Degree The Executive MBA in Impact Entrepreneurship awards a Master Degree from the Università Cattolica del Sacro Cuore (Italy). The MBA is the first non-american Program to receive the Ashoka Innova on Award from the Ashoka Founda on. Ashoka is a global organiza on that iden fies and invests in leading social entrepreneurs - individuals with innova ve and prac cal ideas for solving social problems. Executive Formula The blending of classroom and on-line training allows participants to attend the program while continuing their current job or business. 5
MBA Program Structure The MBA courses are divided into two main categories: Business Courses: aimed at developing, testing and validating the business model and at acquiring specific managerial knowledge. Business Courses entail both business assignments and traditional examinations; Business Labs: aimed at providing hands-on business management and development experience, at acquiring personal business skills, writing the business plan and developing relations with investors. Business Labs do not entail traditional examinations. Business Courses Business models and strategy Business Strategy and Scaling Social Impact Measurement Internal Accounting Financial Planning Financial Reporting Entrepreneurial Finance Market Analysis Entrepreneurial Marketing Human Resource Management Business Research Methods & Statistics Project management Operations Management Business Law and Taxation Business Labs Business Models in progress Creativity Business Planning & Communication Meet Investors and Successful Entrepreneurs Start-up Sales Business Ethics for Entrepreneurs Corporate Governance & Legal issues Leadership & Innovation 6
BLENDED FORMULA The training methods for MBA courses consist of: Classroom training by lecturers from ALTIS - Università Cattolica del Sacro Cuore di Milano, Italy, and the Catholic Institute of Business Technology of Accra; Integrated courses taught partly on line and in the classroom by lecturers from all partner institutions The distance learning portion of integrated courses is made available on Università Cattolica's e-learning platform. FINAL ASSESSMENT AND QUALIFICATION The course includes discussion and nal presentation of the business plan which will be assessed by an examination board. Attendance is compulsory and it is a condition for obtaining the University's Master's Degree. The minimum attendance required in order to receive the Degree is 90% of scheduled teaching hours. All those who complete the course and passes required examinations are awarded the Master's degree in Impact Entrepreneurship by Università Cattolica del Sacro Cuore (Milan), Italy. 7
8 MBA Calendar
Candidate Profile You have an idea to start a business and need to figure out how to do it; You are starting a new business and seeking for a seed capital; You are running a business and searching to scale it up; You need to harness the full potential of your fast growing business. Ventures started and supported by the MBA in Ghana The MBA Staff class is recruited in such a way that participants are given the chance to work together and mutually benefit from one another. Business Prospects The MBA will help you to became a successful entrepreneur in Starting-up a new business; Scaling-up an existing business; Starting-up or scaling-up a not-for-profit organization; Opening a Ghanaian franchise of an international business that is linked to the MBA; Becoming a leader in an already established organization. 9
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Relations with investors Throughout the program, MBA participants work with, and are exposed to investors. This ongoing interaction is the occasion for participants to become familiar with investors' requirements and for investors to understand participants' attitude and projects. This allows participants to develop their business ideas based on investors' expectation and to create a trustful relationship. With this aim, the MBA organize a series of events with partners, invertors and donors. the occasion for participants to convince investors that their business can fly. Business Plan Competition At the end of the Final Boot Camp, MBA participants refine a full-fledged business plan and prepare a pitch for investors. They present their pitch to a panel of local and international investors with aim to raise investments and start or scale up their businesses. Business Idea Competition In advance to the Initial Boot Camp, all MBA candidates participate in the Business Idea Competition where they present their business ideas to a panel of investors who judge the economic viability and social-environmental impact. This is the occasion for participants to link up with investors and start developing a trustful relationship. Business Model Competition At the end of the Middle Boot Camp, MBA participants take part in the Business Model Competition, where they present their business models to investors in order to show them the actual improvement on the initial business idea. This is 12
MBA Application Process Admission Requirements Candidates must be strongly oriented to being an entrepreneur. Specifically, prospective applicants must have: A business idea (to start-up or scale-up a business or non-profit) with strong social/environmental impact; A three-year University degree; An English Proficiency; Computer and internet literacy; Regular access to IT resources. Candidates with no Bachelor Degree but extensive business experience and a strong business project, may be admitted to the MBA under exceptional circumstance. In such a case, the participant will not be awarded the Degree, but a certificate of attendance. Steps for the Application Process All candidates who wish to apply for the MBA must follow two-step processes: Selection phase, aimed at evaluating candidate's eligibility; Administrative admission process, aimed at completing the administrative procedure. Step 1 - Selection phase Applicants are required to produce the following documents: a) Application Form (provided by CIBT) b) Curriculum vitae c) Business idea (2-3 pages) describing the characteristics of a new business or the development of an existing one. Business summaries should include: Business idea or concept and Social mission; Target customers and Target market and size; Competitors, barriers to overcome and Competitive advantage; Estimated social/environmental/economic impact; Why my personal profile suits my business project. d) Letter of reference (minimum 1) either academic or professional. e) GMAT or GRE certificate (not mandatory). f) Copy of Transcript of grades and Bachelor Degree Certificate. All documents must be written in English and forwarded to: graduateschool@cibtghana.net or CIBT, Accra, Ghana. When The deadline for the submission of application pack for the 3rd edition of the MBA is October 9, 2015. Acceptance Qualified candidates will be contacted for an interview and, once accepted, will be given a pre-admission letter. Admitted participants are required to sign the E4impact MBA rules and regulations and to pay a deposit fee of GHS 800 (Eight Hundred Ghana Cedis) as confirmation of participation. The deposit fee will be deducted from the MBA's campus fee. 13
Step 2 - Administrative Admission process Successful applicants will also be required to complete the second step of the application process. Selected Applicants will be required to submit the following documents: a) Two passport-size photos; b) Copy of passport or Voter's ID or National Identity Card; * Dichiarazione di Valore is a certificate issued by the Italian Embassy that authenticates a foreign degree certificate. To obtain it the Applicant must apply to the Italian Embassy of the country where the Applicant completed his/her university studies and provide them with a notarized translation of the diploma in the Italian language. In some countries, obtaining the Dichiarazione di Valore may take up to two months or longer. The Universit Cattolica's Masters Division can assist the applicants in their effort to obtain the Dichiarazione di Valore. When Participants admitted to the 3rd edition of the MBA will deliver the above mentioned documents to Catholic Institute of Business and Technology by October 16, 2015. Campus Fees and Scholarship Policy The campus fee for the MBA is EURO 4,000 (Ghana Cedi equivalence). A full scholarship will be awarded to the winner of the Business Idea Competition. No other scholarships are available. The MBA staffs are willing to develop individualized payment plans. For more information on payment plans, please contact us at: For more information on payment plans, please contact us at: Catholic Institute of Business and Technology, P. O. Box GP 765 Accra, Ghana. Email: graduateschool@cibtghana.net Tel: +233 (0) 30-33-539 Mobile: +233 (0) 57 55 34 432 Website: http://altis.unicatt.it/mba-set-accra Class In order to ensure excellence of training, no more than 50 participants will be admitted. The MBA staff will adopt the first come, first serve principle. The first 50 admitted participants who have paid the deposit fee after admission will be matriculated. 14
Universities Profile Università Cattolica del Sacro Cuore of Milan Founded in 1921, Università Cattolica del Sacro Cuore - UCSC is the largest private institution of higher learning in Europe. UCSC, with 42,000 students and 12 Faculties, is an academic community whose purpose is to contribute to the development of specialized studies, scientific research, and to the preparation of young adults for work, service in research and teaching, and careers in the public and private sectors. It achieves these goals by offering a superior academic education inspired by the basic principles of Christian Social Doctrine. ALTIS Graduate School Business & Society of Università Cattolica del Sacro Cuore The m i s s i o n o f A LT I S i s to p romote Entrepreneurship and Management for Sustainable Development. Through its teaching, research and consulting, ALTIS transmits those business skills and strategies that enhance a company's economic, social and environmental performance. ALTIS conducts international research and offers a broad portfolio of education and consulting services to companies, non-profit organizations and the public administration. ALTIS has become an international point of reference for the development of Impact Entrepreneurship. In Africa, Asia and Latin America, through the E4impact project, the Graduate School trains entrepreneurs and mobilizes investors and institutions in order to start-up and replicate businesses with positive social and environmental impact. Catholic Institute of Business and Technology Located in the center of Accra, Catholic Institute of Business and Technology (CIBT) is a tertiary institution that was established in 2007 under the auspices of the Catholic Archdiocese of Accra. It is accredited by National Accreditation Board and affiliated to the University of Ghana. CIBT has a small campus and therefore, can m a i n t a i n a f r i e n d l y community. Being a Catholic Institution, CIBT creates a stimulating Christian atmosphere to maintain a Catholic identity a n d a t t h e s a m e t i m e embraces all faith. Indeed the entire family of CIBT, Faculty members, staff and students learn together to fulfill our academic mission. CIBT is a place of excellence, devoted to providing an intellectual, moral and social environment that responds to the needs of a diverse and rapidly transforming society. 15
MBA at a glance Opportunity o Transform a business idea into a fully developed and field- tested business plan o Link with investors locally and internationally Degree: Master's degree in Impact Entrepreneurship from Università Cattolica del Sacro Cuore, Italy. Language: English. Location of lectures: Catholic Institute of Business and Technology. Duration: 12 months. Formula: A unique blend of Class lessons, Distance Learning, and Coaching. Faculty: Europe, USA, and Africa. Admission requirements 1. Application Form; 2. Curriculum vitae; 3. Business summary; 4. At least 1 academic or professional reference letter; 5. GMAT/GRE Test (Recommended); 6. Bachelor Degree Certificate; 7. Transcripts. The above listed documents should be submitted in person at Catholic Institute of Business and Technology (CIBT) Postgraduate Office or online by email [graduateschool@cibtghana.net] for the initial screening process. Application deadlines: 3rd MBA Edition starting on October 26, 2015 Ÿ First step: October 9, 2015 Ÿ Second step: October 16, 2015 16
MBA Mentors Through the program, MBA participants are supported by a network of experienced entrepreneurs, fund managers and investors. This group of successful business people helps MBA participants to bridge the gap between business aspiration and action, understand industry specific funding opportunity and draw sector specific business intelligence. Some of the successful MBA Mentors are as follows: Philip Ayesu CEO, Multiple Concepts Group Philip is a Ghanaian consummate businessman, an entrepreneur and a marketing & advertising practitioner. Philip assists MBA participants to open their mind to ground-breaking business strategies. Kwame Amoako Annoh SVP, Head, Credit Administration, The Royal Bank of Ghana Kwame has an extensive experience in the finance and banking sector, Ghana and abroad. Kwame help MBA participants to develop a successful financial strategy to start and grow their businesses. Edward Yeboah (Systems Administrator and Web Master, Ghana-India Kofi Annan Centre of Excellence in ICT, AITI-KACE) Edward is a detail-oriented IT professional with over ten years of experience in web application development as well as systems and networks. He blend ideas with MBA participants to provide various forms of IT solutions. Hon. Dr. Seth Adjei Baah President, The Ghana Chamber of Commerce Hon. Baah has over 30 years experience in starting and growing businesses. Hon. Baah help MBA participants to strategize their businesses and understand the business ecosystem. Rexford Kontor Executive Director, Weston Group Ghana Ltd. Rex has over 10 years experience managing business systems to optimize growth. Rex help MBA participants to develop impactful growth strategy and develop business partnership. Maureen Erekua Odoi, Co-Founding Director, African Aurora Business Network Maureen leads a team of Certified Business Advisors and manages a business network with 10,000 members nationwide. Maureen help MBA participants to find the right people to work with. William des Bordes CEO & Chairman, Weston Group William is an accomplished entrepreneur with a keen understanding of business strategy and innovation. William will help MBA participants to expand their vision beyond Ghana. Ahmed Jamal Idrissu Director, Investment and Credit, NBSSI Jamal is the head of Credit, National Board for Small Scale Industries. He handle funds for the development of small scale businesses. Jamal assists MBA participants to devise strong financial strategies. 17
MBA Partners Ghana Chamber of Commerce & Industry: The Ghana Chamber of Commerce is an association of business operators, firms and industries. Chamber's aim is to propel commercial and industrial interests as well as the development of the Ghanaian economy. GAIN: Ghana Angel Investor Network is a network of Angel investors with a passion for investing in early-stage businesses with significant growth prospects and the potential to generate superior returns. Royal Bank of Ghana: The Royal Bank is a wholly Ghanaian owned company with a vision to become the Bank of Choice which is driven by a mission to provide an excellent, innovative and world class banking experience. The Lundin Foundation was founded in 2005 by the Lundin family. Their view is to contributing toward improvements in Africa's most impoverished and vulnerable populations. Through seed grants and targeted technical assistance, Lundin supports innovative, high-impact initiatives that enable sustainable agricultural livelihoods and support SME development in sub-saharan Africa. AABN: African Aurora Business Network is an enterprise development organization that promotes SME's by providing a comprehensive package of advisory services on capacity building, market access, technology and access to financing and productive resources. GroFin: GroFin is a pioneering SME development financier that assists entrepreneurs and business owners to access tailored finance and experienced business support to start and grow successful businesses, creating jobs and driving socio-economic development. Ghana StartUp Cup: Ghana StartUp Cup is the Ghanaian chapter of the worldwide initiative operating in 45 countries. Its aim is to spur the growth of sustainable new businesses and local entrepreneurial ecosystems. It organizes the Global Entrepreneurship Week. Oasis Capital Ghana Limited: Oasis Capital Ghana seeks to provide capital to businesses in Africa. They offer a business development service to investee with the aim to mitigate risk, improve business models and realize sustainable returns for stakeholders. National Board for Small Scale Industries: The National Board for Small Scale Industries is a public sector organization under the Ministry of Trade & Industry. NBSSI's mission is to offer business development services for micro and small enterprises. Growth Mosaic: Growth Mosaic is a social-purpose business preparing small and growing businesses to access and manage growth investment. This enables its clients to attract growth investment as well as improves deal flow for investors. Weston Group: The Weston Group collaborates and supports businesses, organizations and institutions that require capital to grow their businesses and increase efficiency and profitability. Their vision is to select and promote viable and profitable investment opportunities within the sub-saharan region of Africa. Venture Capital: The Venture Capital Trust Fund (VCTF, Trust Fund) provides enough resources in the form of low cost financing to businesses so they can grow, create jobs and wealth. It increases government revenue and ultimately adds to the pool of funds available to be down-streamed to businesses for investments. 18
About E4impact E4impact is an initiative of ALTIS, Graduate School Business and Society at Università Cattolica del Sacro Cuore (Italy), aimed at training impact entrepreneurs in Africa, Asia and Latin America. The heart of E4impact is the Global MBA in Impact Entrepreneurship, a unique Executive program offered by ALTIS in partnership with local universities in Africa, Asia and Latin America. E4impact brings would-be, early stage and high growth entrepreneurs into a university program where, through practical and results oriented education and through interaction with the local business community and potential investors, these entrepreneurs can launch their business and contribute to the sustainable development of their country. Mission Develop a new generation of entrepreneurs capable of combining economic success and positive social impact; Build a learning community of Universities interested in furthering impact entrepreneurship research and education; Coordinate an international entrepreneurial ecosystem made up of incubators, accelerators, impact funds, venture capitalists and corporations; Replicate successful Impact Businesses from around the world, matching them with potential entrepreneurs in the African, Asian and Latin American countries in which the MBA is run. Core Values We do not teach entrepreneurship. We train impact entrepreneurs We forge sustainable development through Impact Entrepreneurship 19