June 1, 2018. The Drucker Institute announced today that Interise is one of 50 semifinalists for the 2018 Drucker Prize. The semifinalists were selected from over 500 first-round applicants “based on their excellence in demonstrating Peter Drucker’s definition of innovation—change that creates a new dimension of performance,” according to a Drucker Institute press release.
These 50 nonprofits now qualify for The Drucker Prize’s second round, where their leaders will engage a series of short innovation learning modules. Produced especially for The Drucker Prize, these modules feature insights from some of today’s top thinkers on management and leadership, as well as the timeless wisdom of Peter Drucker. In Round 2, the semifinalists will be asked to articulate for the judges both their current innovation practices, as well as and how they might further leverage the disciplines of innovation to improve their organization’s results.
Interise’s application highlighted Interise’s partnership model, and the sustained growth of established small businesses that have completed a StreetWise ‘MBA’™ program. Collected from 73 cities nationwide, program results show that Interise businesses consistently grow their revenues at rates that outperform the private sector as a whole. What’s more, impressive job creation rates run across a decade of evaluation data. Historically, Interise businesses create jobs at 5x the rate of the private sector as a whole.
Interise’s network of partners accelerate the growth of established small businesses for job creation and economic development. Interise builds the capacity of our partners to work with maturing, growth-oriented businesses by licensing the StreetWise ‘MBA’™, a hands-on business curriculum for established small business owners. Over 5,000 established small businesses have taken an executive education program powered by Interise’s StreetWise ‘MBA’™ curriculum.
The submission deadline for the Round 2 application is August 3, 2018. Ten finalists will be announced on August 31 and the winner of the $100,000 Drucker Prize will be announced on October 1.
For more information about the other semifinalists, read the Drucker Institute’s full press release.