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Economy, business and public management

The Power of Networks: Why Alumni Matter More Than Ever for Social Impact

Prof Armand Bam
30 March 2026
  • A student project at Tygerberg Hospital recently mobilised over R1 million in support for mothers and infants. Behind the success lies a powerful lesson: meaningful social impact depends on the strength of the networks we build and the alumni who activate them.

A student project at Tygerberg Hospital recently mobilised over R1 million in support for mothers and infants. Behind the success lies a powerful lesson: meaningful social impact depends on the strength of the networks we build and the alumni who activate them.

Universities often speak about impact.

It appears in mission statements, strategy documents and graduation speeches. Words like engagement, innovation and responsible leadership are repeated so often that they risk becoming institutional wallpaper, present everywhere but rarely examined closely.

Yet anyone who has worked seriously at the intersection of business and society knows that meaningful impact rarely comes from institutions alone.

It comes from networks.

Not the casual networks we speak about when exchanging business cards at conferences, but the deeper networks of trust, credibility and shared purpose that form over years between alumni, faculty, students and the communities they serve.

Business schools, perhaps more than any other part of our academic institution, are built on these networks. Alumni are founders, executives, entrepreneurs, investors, public servants and civil society leaders. They occupy positions across industries and sectors. They hold knowledge, influence and resources that extend far beyond campus walls.

The question is whether those networks are being mobilised for social impact with the same energy we devote to career advancement or business growth.

At Stellenbosch Business School, one initiative offers a glimpse of what becomes possible when those networks are activated intentionally. The MBA Social Engagement Project, part of the Business in Society module, connects MBA students with nonprofit organisations to address real societal challenges. Students work in syndicate teams alongside host organisations, identifying pressing needs, mobilising resources and designing practical interventions that support long-term sustainability.

It is a powerful shift in perspective.

Instead of discussing social responsibility abstractly in the classroom, students enter the complex reality where social impact actually happens, where organisations operate with limited resources, where needs are urgent, and where collaboration across sectors often determines whether initiatives succeed or fail.

Recently, one MBA syndicate partnered with the Tygerberg Hospital Children’s Trust to support mothers and infants in the Kangaroo Mother Care ward. What began as a student engagement project evolved into something far more significant. Through a combination of fundraising, stakeholder engagement and network mobilisation, the team secured over R1 million in support, including donations and essential resources for mothers and newborns. 

The achievement deserves recognition.

But the most important lesson lies beneath the numbers.

The project succeeded not simply because students worked hard. It succeeded because networks were activated. Donors, professionals, community partners and institutional relationships converged around a shared purpose. Each connection expanded the circle of possibility.

In other words, social impact did not emerge from the classroom alone.

It emerged from the network surrounding it.

This is where alumni play an indispensable role.

Business schools often celebrate alumni success through rankings, industry leadership or entrepreneurial achievements. These stories matter. They reflect the reach and influence of a school's graduates.

But there is another dimension of alumni leadership that deserves equal attention: the capacity to strengthen the social fabric around the institution.

Alumni networks represent one of the most powerful but underutilised resources for social impact. Graduates carry with them professional expertise, strategic insight and access to decision-making spaces that nonprofit organisations rarely reach on their own.

When those capabilities connect with student initiatives and community organisations, the result can be transformative.

An alumnus introduces a corporate partner that unlocks funding for a community programme. Another mentors a student team navigating a complex stakeholder environment. A graduate in the healthcare sector helps open doors that would otherwise remain closed.

These moments often appear small in isolation.

Together, they form the infrastructure of meaningful social change.

The challenge, however, is that such engagement rarely happens automatically. It requires intention. It requires alumni who see themselves not only as beneficiaries of their education but as active participants in the institution’s broader societal mission.

This is particularly important in South Africa.

Ours is a country marked by extraordinary potential and equally profound inequality. Universities cannot solve these challenges alone. But they occupy a unique position at the intersection of knowledge, leadership and innovation.

Business schools, in particular, educate individuals who will shape economic systems, influence organisational cultures and guide strategic decisions across industries.

The question is how that leadership is exercised.

If alumni networks remain focused primarily on professional advancement, the potential for societal contribution remains limited. But when alumni recognise the collective power of their network and choose to mobilise it the possibilities expand dramatically.

Projects like the Social Engagement Project offer an invitation.

Not simply to observe the work students are doing, but to join it.

To open doors that students cannot open alone.
To connect organisations with resources they did not know existed.
To mentor the next generation of responsible leaders navigating the complex relationship between business and society.

In doing so, alumni help transform engagement projects from classroom exercises into lasting partnerships.

And perhaps that is the deeper lesson.

Social impact is rarely the result of a single initiative. It is the product of relationships sustained over time, relationships that extend beyond graduation ceremonies, alumni events and networking receptions.

If universities are serious about shaping responsible leaders for a better world, then its alumni community must see itself not only as a network of professionals, but as a network of possibility.

The invitation is simple.

Stay connected to the institution that shaped your leadership journey.

Engage with the students now stepping into the spaces you once occupied.

And when opportunities arise to strengthen the bridges between business, society and community, step forward.

Because the real power of a university does not lie in its buildings or its rankings.

It lies in the network of leaders it sends into the world, and in what those leaders choose to do together.

 

Prof Armand Bam

Chair: EMS Social Impact Committee

 

If you would like to get more involved the social impact projects of the Faculty of Economic and Management Sciences, please contact Nicole Taute ([email protected]). 

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Economics

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