Choosing to grow something that is perishable is risky. Having better price information can reduce the risk.
London Business School research has the potential to lift people out of poverty.
Read about three incredible ideas transforming people’s lives:
Half the labour force in India is employed in agriculture. Hundreds of millions people live in agricultural households, in extreme poverty. The research looked at the prices of 170 crops across 13 states in India.
It showed that information – price data from multiple local markets for many types of produce – shared via daily text messages to farmers, reduces disparity in prices by 12% and therefore reduces risk to farmers.
See the infographic on how this research is helping improve the welfare of India’s farmers
Hear from Kamalini Ramdas, Professor of Management Science and Operations; Deloitte Chair in Innovation & Entrepreneurship.
supply, saving lives
The ability to control malaria is directly affected by delays and inefficiencies around diagnosis and distribution. Dr Jérémie Gallien applies the supply chain science to global health delivery systems.
Research covered 16 of 72 district pharmacies receiving medicine from a central warehouse in Lusaka (Zambia). Districts sent drugs to 1,500 smaller health centres. The results proved that inventory control and transportation planning was the biggest problem – in essence, supply chain management.
See the infographic on how this research is improving anti-malarial drug supply
Hear from Jérémie Gallien, Associate Professor of Management, Science and Operations
Educating the world's
Far too many people are living with far too little. Most of the world’s entrepreneurs are desperately poor. They are not entrepreneurs through choice and often lack basic business skills.
The study involved about 800 micro-entrepreneurs in Cape Town, South Africa. It compared three groups. One received a ten-week training course in sales and marketing. The second was given training in finance. The third was a control group. The results showed that business skills make a huge difference to micro-entrepreneurs and the type of training leads to very different outcomes.
See the infographic on how this research is helping educate micro-entrepreneurs
Hear from Rajesh Chandy, Professor of Marketing; Tony and Maureen Wheeler Chair in Entrepreneurship; Academic Director, Deloitte Institute for Innovation and Entrepreneurship
The Institute was established in 2011 to equip and inspire entrepreneurs, innovators and the leaders who design the ecosystems in which they thrive.Read more