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Presentation by Virginia Littlejohn, CEO and Co-Founder of Quantum Leaps, Inc. and

Presentation by Virginia Littlejohn, CEO and Co-Founder of Quantum Leaps, Inc. and Co-Founder, WEConnect International 23 November 2010 NASSCOM Summit, Bangalore, India. Mission

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Presentation by Virginia Littlejohn, CEO and Co-Founder of Quantum Leaps, Inc. and

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  1. Presentation by Virginia Littlejohn, CEO and Co-Founder of Quantum Leaps, Inc. and Co-Founder, WEConnect International 23 November 2010 NASSCOM Summit, Bangalore, India

  2. 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.

  3. 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

  4. 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 WEConnect International Members

  5. 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

  6. 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

  7. 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

  8. 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”

  9. 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

  10. 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

  11. 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

  12. 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

  13. Contact www.WEConnectInternational.org

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