STANFORD, Calif.-Monday 27 May 2019 [ AETOS Wire ]
(BUSINESS WIRE)
-- Frank Omondi is a wildlife biologist turned entrepreneur. His desire
to lead a business that makes a positive impact on the community led
him to become the managing director of Ten Senses Africa, a fair trade
cashew and macadamia nut processing company based in Nairobi, Kenya.
With a
background in wildlife biology, Omondi realized he needed further
training to help him continue to drive the company forward. That
realization led him to join the Stanford Seed Transformation Program in
2016.
Stanford Seed
is a one-year certificate program delivered by Stanford University
through Stanford Graduate School of Business (GSB) that operates in East
Africa, Southern Africa, West Africa, and India. The program, which is
designed exclusively for busy business owners and CEOs, provides
management training, one-on-one support, and networking opportunities to
growth-minded business leaders.
Following
Omondi’s participation in the program, Ten Senses Africa doubled its
sales, now provides 1 million cashew seedlings to support 30,000 local
farmers, and employs 600 people, two-thirds of whom are single mothers.
The company was able to expand to Tanzania with the support of the Seed
Transformation Network, a group composed of past participants in the
program.
“The program
created a lot of trust between the participants,” said Omondi. “It is
difficult to know anyone in Tanzania if you are based in another African
country. Through the program, we were able to learn what other people
were doing in those countries, which enabled us to have entry.”
Surveys of
past participants of the Seed Transformation Program reveal the impact
participants and their organizations have on their communities. After
completing the program, 89 percent of participants grew their customers,
72 percent introduced a new product or service, 64 percent increased
their revenue, and 50 percent expanded into new geographies.
“I’m inspired
by the change participants are effecting in their communities,” said
Darius Teter, executive director of Stanford Seed. “One organization’s
growth and success can have a significant impact, and we’re thrilled to
partner with promising entrepreneurs as they take their businesses to
the next level.”
Participants
work with Stanford GSB faculty to gain the essential business and
leadership skills that will enable them to grow their companies and, in
turn, positively impact their communities. Admitted participants:
- Create an action plan to grow and scale their business;
- Get in-company support from trained facilitators who help introduce what they’ve learned to their management team and promote buy-in;
- Develop relationships with like-minded leaders to share experiences and develop an ongoing peer-to-peer support network;
- Receive pro-bono project-based consulting services from senior executives.
The program is now accepting applications through June 15, learn more and apply here. A free, online information session will be held on Thursday, May 30. Register here for further details.
About Stanford Graduate School of Business
Stanford
Graduate School of Business (GSB) is developing the next generation of
principled global leaders. Since 1925 we’ve been delivering rigorous and
experiential management education combined with personal development
and leadership that has the power to change both careers and lives. Our
faculty are empowered to design and discover original research that
pushes the boundaries of knowledge. Our diverse programs include: the
2-year MBA program; 1-year Master of Science program for experienced
leaders (MSx); PhD program; Executive Education; Stanford LEAD, an
online certificate program; and Stanford Seed, a Stanford GSB-led
initiative that partners with entrepreneurs in emerging markets to build
thriving enterprises that transform lives.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190526005025/en/
Contacts
Kristin Harlan
kharlan@stanford.edu
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