“I believed that management experience, business experience, is the way to solve big problems of poverty at the end of the day, that while traditional aid works in some cases, in many cases it was failing the poor, and markets alone were often not reaching the poor.”
—Jacqueline Novogratz, MBA ‘91, founder and CEO of the nonprofit Acumen Fund, explained to Charlie Rose on his eponymous television show why she took time out from her career in microfinance to go to Stanford Business School.
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