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Opinions of Friday, 19 July 2024

Columnist: Dr. Andrews Ayiku

Why You Should Get an MBA in Impact Entrepreneurship and Innovation from the University of Professional Studies and E4Impact Foundation

Dr Andrews Ayiku Dr Andrews Ayiku

In today's fast-paced and ever-changing global market, the demand for innovative and entrepreneurial solutions is greater than ever. This dynamic environment necessitates a new breed of leaders who are equipped with the skills and expertise to drive impact through entrepreneurship and innovation. The University of Professional Studies in Accra (UPSA), in partnership with the E4Impact Foundation, is ideally positioned to provide an MBA in Impact Entrepreneurship and Innovation. UPSA and the E4Impact Foundation are collaborating to offer a complete MBA programme that combines academic rigor with practical experience in impact entrepreneurship and innovation. This programme aims to equip individuals to establish lasting and scalable enterprises that address pressing social and environmental issues while fostering economic growth. Some of the reasons for the need of an MBA in Impact Entrepreneurship and Innovation include:

Addressing Social and Environmental Challenges
Unemployment, poverty, and environmental deterioration are all common concerns in Ghana. An MBA in Impact Entrepreneurship and Innovation will prepare students to create business solutions that solve these concerns. For example, a graduate could launch a social venture that delivers clean energy solutions to rural communities, lowering carbon emissions and enhancing residents' quality of life.

Promoting Economic Growth and Job Creation
Small and medium-sized enterprises (SMEs) form the backbone of Ghana's economy, contributing considerably to employment and GDP. The programme will provide students with the necessary skills to establish and develop enterprises, ultimately creating jobs and promoting economic growth. A graduate may develop a tech firm that offers novel agricultural solutions, resulting in greater productivity and job prospects in the agricultural sector.

Encouraging Innovation and Creativity
Innovation is critical to remaining competitive in the global market. The MBA programme will strengthen students' creative thinking and problem-solving skills, allowing them to create unique products and services. For example, a student could create a low-cost water purification system to solve the issue of clean drinking water in underprivileged communities.

Building Sustainable Businesses
Sustainability is becoming more vital for long-term corporate success. The programme will show students how to incorporate sustainable practices into their company strategies. A graduate could start a fashion line that employs recycled materials and promotes fair trade methods, appealing to eco-conscious customers and contributing to a circular economy.

Developing Leadership and Management Skills
Effective leadership and management are critical to corporate success. The MBA programme will help students enhance their leadership abilities, preparing them to lead varied teams and manage challenging projects. For example, a graduate could become the CEO of a nonprofit organization dedicated to education reform, spearheading efforts to enhance children's access to quality education in low-income neighborhoods.

Facilitating Access to Resources and Networks
Access to resources and networks is critical for achieving entrepreneurial success. The programme will give students the opportunity to meet with mentors, investors, and industry professionals. A student may receive finance for their startup through connections formed during the programme, allowing them to scale their operation and make a greater impact.

Practical Examples of Impact Entrepreneurship and Innovation

Clean Energy Solutions
An MBA graduate might start a company that designs and installs solar energy systems in Ghana's rural communities. This company would not only provide a sustainable energy source but would also generate jobs and lessen reliance on fossil fuels.

Agricultural Innovation
A student may create an app that helps farmers maximise crop yields by delivering real-time data on weather, soil health, and insect management. This idea would boost agricultural productivity and food security while lowering the environmental effect of farming.


Healthcare Access
An entrepreneur from the programme may establish a mobile health clinic that goes to remote places, providing medical care and health education to neglected groups. This effort would increase healthcare access and results for persons who would otherwise go without receiving required medical care.

Educational Technology
A graduate could create an edtech company that offers online learning tools and virtual tutoring to pupils in remote schools. This company would improve educational opportunities and outcomes, especially in places with limited access to quality education.

Fashion that promotes sustainability
An MBA graduate might launch a fashion line that incorporates eco-friendly materials and ethical manufacturing techniques. This business will cater to the rising market of consumers that value sustainability and ethical practices, encouraging environmental and social responsibility in the fashion sector.

Waste Management
An impact entrepreneur could start a waste management company focused on recycling and waste-to-energy technologies. This company would handle the issue of urban trash disposal, reduce pollution, and develop renewable energy sources.

Dr Andrews Ayiku
Lecturer/SME Industry Coach
Coordinator (MBA Impact Entrepreneurship and Innovation)
University of Professional Studies Accra
[email protected]
IG: andy_ayiku
@AndrewsAyiku
F: Andyayiku