Imagine you’re the first generation of entrepreneur in your country. In fact, the word “entrepreneur” isn’t even part of the vernacular. This is the reality in Cuba, where the government has only recently allowed small enterprises. WiFi access has just become available earlier this year, and Cubans have only recently gained access to Google.
Earlier this year, CEO and humanitarian Susan Leger Ferraro invited a team from the Americas to meet with Cuban entrepreneurs to share a vision of a form capitalism that serves the needs of society. The founder of several companies, including Imajine That and G3, Ferraro is working with Cuban counterparts to invest in properties for the 5 million tourists entering Cuba each year. While rebuilding properties, Ferraro is at work helping schools and bringing books and other tools to young Cubans.
Our delegation included leaders from the US, Brazil, Mexico, and Costa Rica who work to promote Conscious Capitalism. The Cuban entrepreneurs we met were young business owners eager to learn and share their vision with us. We first met the entrepreneurs atop the Hotel Ambos Mundos, where Ernest Hemingway lived and wrote some of his most well-known books. Over mojitos, we learned more about Cuban history and the sheer determination of Cubans to survive through starvation and fear. The Cuban entrepreneurs we met with were worried about engaging with us. Many of the people we’d invited were too frightened to attend the workshops. We took pains to avoid using controversial words like “capitalism” and “revolution.”
Over the course of several days, we explored the strengths and weaknesses of Cuba and the dramatic changes the country is undergoing. Cuba’s literary rate is among the highest in the world, as 97 percent of the population can read and write. All Cubans have access to medical care. Art, music, and dance flourish. The Cuban people have a deep sense of respect for their history and this shows in the extensive renovations currently being undertaken in Old Havana. However, parts of the city are literally crumbling.
Geography has blessed Cuba with some of the most beautiful beaches and landscapes in the world. The country has very little exposure to pesticides or genetically-modified organisms. However, economic sanctions have crippled the economy, and items like toilet paper and soap are in short supply. Open dialogue is just beginning in Cuba.
The Cuban entrepreneurs we met face many challenges. There is no training for entrepreneurs. The young business owners are just learning how markets work. Our delegation taught the young Cubans about the importance of stakeholders. Professor Raj Sisodia, author of “Conscious Capitalism,” shared his vision that companies can be heroic and serve a healing purpose.
In our meeting, Pedro, a 24-year-old Cuban entrepreneur, quoted Fidel Castro: “Revolution is everything that needs to change.” Our delegation began to change the things that need to change. We created direct contact with business leaders, shared knowledge, and are sowing the seeds for future exchanges.
One of the most poignant memories of the trip involved working with Eduardo, a brilliant young Cuban entrepreneur, with whom we shared basic concepts about sustainability. Hardened by a difficult life, he told us: “I believe in Cubans.” After this trip, our delegation does too.
Deborah Leipziger is an author, professor, and advisor in the fields of corporate responsibility (CR) and sustainability. She advises companies, governments, and UN agencies on human rights and sustainability issues. She has advised leading multinational companies on strategic and supply chain issues, as well as a wide range of CR initiatives, including the UN Global Compact, the Global Reporting Initiative, the UN Environment Programme, and Social Accountability International.
She is the author of The Corporate Responsibility Code Book, now in its third edition (Greenleaf, 2015). She is a co-author of Creating Social Value: A Guide for Leaders and Change Makers, (Greenleaf, 2014), Living Corporate Citizenship (FT, 2002), and Corporate Citizenship: Successful Strategies of Responsible Companies, (FT, 1998). She is the author of Social Accountability 8000: The Definitive Guide to the New Social Standard (FT Prentice Hall, 2001). Her books have been translated into Portuguese, French, Korean, and Chinese.
Ms. Leipziger is a Senior Fellow at the Lewis Institute at Babson College. Deborah currently teaches a class on People, Planet, and Profits at the Simmons School of Management. She has served as a Lecturer in the Bard MBA in Sustainability Program. Deborah serves on the Editorial Advisory Board of the Journal of Corporate Citizenship.
Susan Leger Ferraro
Susan Leger Ferraro is the founder and CEO of Imajine That, founder and President of Inspirational Ones, founder and CEO of Peace, Love & Happiness Real Estate, founder and co-CEO of The Imaginal Group; founder and past CEO of Little Sprouts, Inc. and founder and President of G3, a new leadership development consulting and training company serving clients across the United States.
Susan has established thriving, transformational organizations in the areas of education, real estate, business consulting, and non-profit development. Through her innovative ideas and practices, Susan positively impacts the lives of countless humans and changes the landscape of organizations around the globe.
Susan has received numerous accolades for her work and achievements, including the U.S. Small Business Administration’s Massachusetts Woman in Business Champion Award, Boston Women’s Fund Woman of Action Award; Enterprise Bank Entrepreneur of the Year Award; Top 100 Women-Led Businesses in Massachusetts; National Top 100 Diversity-Owned Businesses; The ATHENA Leadership Award from ATHENA International; Beacon for Homeless Families Award; Massachusetts School Committee Partners in Education Award; and ICIC Icons of Industry Award. Susan is an education expert for Boston’s Channel 5 and a business development partner of WGBH.