Goldman Sachs
Launches '10,000 Women', ISB to be the Indian Associate
10,000
Underserved Women Around the World Will Receive a Business and Management
Education
Partnerships Between Universities in the U.S. and Europe and Business Schools in
Emerging and Developing Economies to Improve the Quality and Capacity of
Business Education
Indian School of Business (ISB) to be the Indian Associate for this Program
The Goldman Sachs Group, Inc.
(NYSE: GS) today announced '10,000 Women', a global initiative that will
provide 10,000 underserved women, predominantly in developing and emerging
markets, with a business and management education. The Indian School of
Business (ISB) will be the India associate to implement this global
initiative in India. The initiative will invest in a largely untapped yet
significant resource - the exponential power of women as entrepreneurs and
managers. Through partnerships between universities in the U.S. and Europe and
business schools in emerging and developing countries, 10,000 Women also will
seek to have a lasting impact on the quality and capacity of business education
in developing regions around the world.
The initial partnerships will
support pragmatic, flexible and shorter-term programs, resulting in business and
management certificates that can open doors for thousands of women whose
financial and practical circumstances prevent them from receiving a traditional
business education. There will also be a select number of MBA and BA degrees
conferred.
"Those of us who champion open
markets must also do our part to create more opportunity to ensure economic
growth is more broadly shared," said Lloyd C. Blankfein, Chairman and
Chief Executive Officer of The Goldman Sachs Group, Inc. "10,000 Women focuses
on a critical, yet often overlooked area where we believe Goldman Sachs can use
its resources and convening power to help build the foundation to expand the
ranks of business women, managers and entrepreneurs around the world."
Speaking about the ISB�s
association with this global initiative, Deepak Chandra, Associate Dean,
Executive Education, said, "In the past, women have not been encouraged to step
out of the traditional mould into 'male' domains such as �business�. It is very
important for influential B-schools such as the Indian School of Business, to
take on the responsibility of breaking traditional barriers and mind-sets and
provide opportunities for women to utilize their entrepreneurial talents. I am
very hopeful that this program will help us to support women to recognize their
leadership potential and make an impact on society."
In addition to funding tuition
for business and management education, '10,000 Women' will work with development
organizations to better understand the local challenges girls and young women
must overcome so more of them can realize economic opportunity and
achieve their full potential. Many of these partnerships will seek to establish
mentoring and networking channels for women and encourage career development
opportunities.
'10,000 Women' has been in
development for more than a year and was inspired by economic research from
Goldman Sachs that showed the powerful effects of greater labor force
participation of women on economies and societies. Goldman Sachs will commit $
100 Million to this initiative over the next five years. In addition, the people
of Goldman Sachs will contribute their time and expertise through classroom
instruction and mentoring.
Increase the entrepreneurial
talent and managerial pool in developing and emerging economies - especially
among women - is one of the most important means to reducing inequality and
ensuring more share economic growth. Goldman Sachs also will announce in the
coming months additional 10,000 Women program partnerships that will provide
more business and management education for disadvantaged women in the United
States.
Initial
Academic Partners
American University of
Afghanistan
American University in Cairo
Brown University
Columbia Business School
Harvard Business School
Indian School of Business
Pan-African University, Nigeria
School of Finance & Banking,
Rwanda
Stanford Graduate School of
Business
Thunderbird School of Global
Management
United States International
University, Kenya
University of Cape Town, Graduate
School of Business
Judge Business School, University
of Cambridge
University of Dar-es-Salaam,
Tanzania
William Davidson Institute at the
University of Michigan
Wharton School at the University
of Pennsylvania
Delivering
Business & Management Education to 10,000 Women
'10,000 Women' will pursue a
variety of ways to provide a business and management education to underserved
women. For instance, schools will work together to establish or
expand certificate programs ranging from 5 weeks to 6 months that could include
courses in marketing, accounting, market research, writing a business plan,
strategic planning, accessing capital and e-commerce.
There will also be a strong focus
on capacity building: development curricula, creating local case study models
and 'Training the Trainers' to improve the level of faculty training expertise
as well as increasing the overall quality of business education.
More detailed information about
'10,000 Women' as well as specific program details for each of the program�s
initial markets can be found in a fact sheet available for download at
10000women.org
