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Copyright © 2010 WEConnect International, Inc., All Rights Reserved Presentation by Virginia Littlejohn, CEO and Co-Founder of Quantum Leaps, Inc. and Co-Founder, WEConnect International 23 November 2010 NASSCOM Summit, Bangalore, India
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Mission Facilitate sustainable economic growth by increasing opportunities for women-owned businesses to succeed in the global value chain. Vision We envision a world where global value chains benefit from the full participation of women-owned businesses; where corporations, entrepreneurs, governments and NGOs collaborate to ensure inclusive and sustainable economic development. 2
Copyright © 2010 WEConnect International, Inc., All Rights Reserved History Quantum Leaps and leading multinational corporations that are members of the Women’s Business Enterprise National Council (WBENC) in the U.S. collaborated to launch WEConnect International as a non-profit in 2009 WEConnect International is led by an independent Board of Directors elected by and from its corporate members WEConnect International is now established in Canada and Europe, is launching initiatives in India and China, and has been invited to focus on a number of developing economies through strategic partnerships 3
Copyright © 2010 WEConnect International, Inc., All Rights Reserved WEConnect International Members Accenture Alcatel-Lucent AT&T Boeing Cisco Systems Citigroup Dun & Bradstreet Ernst & Young Exxon Mobile HP IBM Intel Manpower Marriott Motorola Pfizer PG&E Verizon Walmart 4
Copyright © 2010 WEConnect International, Inc., All Rights Reserved What is Supplier Diversity and Inclusivity? A business program that encourages the use of historically underutilized vendors as suppliers Examples of “diverse” business owners include: –Ethnic Minorities –Women –Disabled Persons 5
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Why Multinationals Have Supplier Diversity Create more competitive and dynamic supply options Reduce costs and demonstrate return on investment Improve the total value of their offerings Seek out and encourage innovation Contribute to real economic opportunity in target markets Enhance their image and brand 6
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Multinational Corporation Case Study AT&T is the largest telecommunications holding company in the world by revenue AT&T’s Supplier Diversity Programs promote, increase and improve the quality of the participation of small, minority, women and disabled veteran businesses AT&T spends over US$2 billion with women-owned companies each year—and can trace several hundred contract wins to its supplier diversity program AT&T values the innovation, cost savings, and quality of service it receives from diverse businesses 7
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Supplier Diversity Trends 97% of the Fortune 500 corporations in the U.S. have programs to source from diverse suppliers 80% require first and second level suppliers to report on the diversity of their U.S. suppliers 65% intend to develop global supplier diversity programs in the next 5 years These corporations are starting to ask vendors to source from innovative new suppliers and report on that “spend” 8
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Why Women? According to The World Bank, women-owned businesses represent 25-33% of all private businesses in the world Women do 66% of the world’s work, receive 10% of the world’s income, and own 1% of the means of production Women make 70% of purchasing decisions in the home so their impact on value chain creation is key Women represent 50% of the world’s population, but they are almost invisible in the global value chain as suppliers to corporations and governments 9
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Certification Standards Certification – confirmation that a business is at least 51% owned, managed and controlled by one or more women Ownership – at least 51% ownership of the company is held by one or more women Management – the company is led / managed by a Principal Executive Officer who is a woman Control – the key business decisions regarding the company’s finances, operations, personnel and strategy are made by a woman Certification is not evidence of size, quality or sustainability 10
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Certification Process Self-register on WEConnect International Global Portal Apply and pay for certification on Portal Certification lead from portal sent to local service provider Service provider conducts site visit and document review Site visit and document review results sent to WEConnect WEConnect issues certification if applicant meets criteria Certified business have access to the global knowledge and networks offered by WEConnect International 11
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Impact Potential – WEConnect International’s global network spends over $700 billion on products and services per year Vision – WEConnect International has the power to influence at least 1% of that global spend Result – $7 billion can be available to women owned businesses that are able to compete for contracts Collaboration – The success of this global effort will depend on a high level of collaboration and local support 12
Copyright © 2010 WEConnect International, Inc., All Rights Reserved 13
Copyright © 2010 WEConnect International, Inc., All Rights Reserved Contact 14
WEConnect International India Initiative NASSCOM Summit on Diversity & Inclusion 22 November 2010.
Presented to: The Mt Vernon-Lee Chamber of Commerce June 14, 2011 By: Allegra McCullough.
Deana Vitale, President Diversity Gateway, LLC Supplier Diversity Deana Vitale, President Diversity Gateway, LLC.
Ms. Meg Jones, Programme Manager, Women and Trade, ITC International Parliamentary Conference on the Millenium Development Goals London, 30 November 2011.
Current Supplier Diversity Policies and Federal Regulations You Should Know Presented by Linda J. Denny President Emeritus, WBENC.
Self Employed Women’s Association (SEWA) Pilot in India Presentation by Arathi Laxman WEConnect International November 2010.
Managing Supplier Diversity Expanding our supplier diversity base is essential to Masterfoods USA’s ability to compete effectively in the marketplace of.
Purchasing Power The Inclusion of Disability-Owned Business Enterprises in Corporate Supply Chains.
The Kroger Co. | 1014 Vine St. Cincinnati, OH OMSDC COE Kroger Corporate Overview AUGUST 6, 2015 LARISSA ENGLAND | Sr. Manager, Corporate.
2016 Supplier Diversity Campus Conversation INSPIRE. INNOVATE. IMPACT. Darryl A. Peal, Executive Director Office for Business and Community Economic Development.
© 2008 Cisco Systems, Inc. All rights reserved.Cisco Public4/24/2008 EMS 1 How to Partner with the Primes Emily Martinez Stein Program Manager Global Supplier.
THE STATE OF OSD “ Striving for OSD 2010” OSD 2010 PLAN Torey L. Alston Director Office of Supplier Diversity.
SBA’s Contracting Resources for Women-Owned Businesses Erin Andrew Assistant Administrator SBA’s Office of Women’s Business Ownership May 26,
Creating Opportunities… Recognizing Excellence. Did You Know? Women-owned businesses are the fastest growing segment of the U.S. economy (more than 9.1.
© 2010 AT&T Intellectual Property. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Intellectual Property. Operation Hand Salute AT&T.
Sharing Between Credit Unions. Credit union CEOs and Boards face similar challenges: Grow the book. Remain competitive. Increase value. Remain.
1-1 McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, All Rights Reserved. Human Resource Management Gaining a Competitive Advantage Chapter.
Enterprise without Borders Volunteer Classroom Visit (45’)
AMR Confidential & Proprietary Supplier Diversity Training & Overview April 6, 2009.
WBDC/Florida Regional Partner of the Women’s Business Enterprise National Council Marketing your business through National Certification.
Jobs Australia David Thompson. FIESS 2011 Montreal Supporting the Community Employment Sector in Australia David Thompson AM, CEO Jobs Australia and RIPESS.
Center on Knowledge Translation for Employment Research Barriers and Supports for Research Use April 28, 2012 A Workshop Sponsored by the Center on Knowledge.
BENEFITS OF CERTIFICATION presented by…. Linda Denny WBENC President & CEO.
Mark Pearson Chief Executive SURREY CONNECTS Enterprise Partnership.
South Kerry Development Partnership Ltd. Noel Spillane CEO February 24 th 2012.
CERT Collaborative Web-Based Certification and Vendor Outreach System University of Minnesota Office for Business & Community Economic Development.
Interaction Private Sector Working Group Discussion with USAID Global Partnerships January 30, 2014.
An Idea Whose Time Has Arrived.... What is The EC Institute? National effort to develop and maintain: Professional certification program in electronic.
Understand the principles for developing effective and lasting alliances Creating and Sustaining Successful Alliances.
Disability Inclusion: Stretching Our Competence. About the USBLN® National business to business organization with over 50 affiliates in North America.
The Voice of the Industry Water and Wastewater Equipment Manufacturers Association.
Michigan Minority Supplier Development Council Pre-Certification Briefing.
Entrepreneurship in America’s Inner Cities Stephen Adams Director of Research & Strategy NGA Policy Academy November 16, 2000.
Business in Action 7e Bovée/Thill. Entrepreneurship and Small-Business Ownership Chapter 6.
AMP Business Advisory Board - Business to Business Mentoring Program 1 Affirmative Market Program & AMP Business Advisory Board Stakeholder Engagement:
The Horticulture Innovation Partnership Extending links for collaborative research and innovation in Horticulture Mary Bosley Chair of the HIP.
Unit 2 – The United States Economy SOL - CE.12. I. What are the basic types of profit-seeking business structures? A. There are three basic ways that.
Profession Leadership: Strategic Supply Chain Management Canadian Forum on Public Procurement October 2, 2007 Sharon Ferriss, Director of Public Affairs.
ENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP CHAPTER 4.
Creating a New Vision for Kentucky’s Youth Kentucky Youth Policy Assessment How can we Improve Services for Kentucky’s Youth? September 2005.
Wimonkan Kosumas, Ph D. SMEWG Chair Deputy Director General Office of Small and Medium Enterprise Promotion Thailand SMEWG Chair Report 37 th SMEWG Meeting.
INTERNATIONAL PROMOTION. MISSION To promote overseas exports and international investment by Catalan companies. To promote international investment in.
The Nature of Business McGraw-Hill The McGraw-Hill Companies, Inc., 2001.
Prepping for the Business Exchange Match Makers 2011 USBLN Conference and DSDP Conference Track Presenters:Philip DeVliegher, Senior Manager-Supplier Diversity.
Northeastern Alberta Aboriginal Business Association Economic Developers Alberta April 8-10, 2015.
Opening Doors For Women Business Owners A Regional Partner of... Women’s Business Enterprise Council - Great Lakes.
Women in the Digital Economy Dr Patrice Braun Centre for Regional Innovation & Competitiveness.
POWERED BY: TARSHA WHITAKER CALLOWAY Director, Executive Engagement and Integration American Cancer Society Executive Engagement: The 3-Tiered Approach.
Facilitating FDI into Europe and Central Asia Working through consulting firms.
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