The microMBA is an innovative entrepreneurial acceleration programme, suited to the realities of micro-entrepreneurs in countries of the South.
We created this ambitious tailored training programme based on our experience working with informal economy entrepreneurs.
Inspired by the methods of the best MBAs in the world, the microMBA stimulates and develops the entrepreneurial spirit and the application of best entrepreneurial practices.
The programme is intended for entrepreneurs in poor economic sectors who have created a micro-enterprise as an alternative to employment and subsistence. These micro-enterprises have the basic elements required to operate within a market. However, a lack of organisational strategy exposes them to a significant risk of failure. In this segment, the microMBA focuses on intuitive entrepreneurs who have significant creative potential and want to achieve greater objectives with their micro-enterprise to improve living conditions for themselves, their families and their employees.
The transformation enabled by the microMBA is both entrepreneurial and personal. The entrepreneurs become responsible managers who promote decent work.
Increase in sales
The sales of entrepreneurs increased considerably between the start and the end of the programme. The growth in sales coincides with good management of the business which guarantees its durability and improved living conditions for the entrepreneur and their family.
Each company creates nearly three new jobs on average by the end of the programme. The entrepreneur’s new management abilities and the strengthening and growth of their business enable the creation of new jobs which leads to the socio-economic development of their community.
Of employment is formalised
The quality of the old and new jobs is improved thanks to the microMBA programme which trains entrepreneurs to be aware of the value of decent work.
The microMBA is currently developed by four leading institutions in Latin America working together in ACTEC’s microMBA NETWORK. This network is a platform for training, exchange of experience and best practices which ensures the quality and relevance of the programme.