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Many development organizations have adopted market-based strategies to combat poverty, offering education and training programs to help microentrepreneurs innovate in their businesses. However, evidence shows that these programs often struggle to bring about lasting changes in how entrepreneurs operate.
New infrastructures have arisen to support it, from the Stanford Social Innovation Review , TED and Good , to the Social Enterprise Program at Harvard. How would a "social enterprise" like PlanetTran, the hybrid car service, operate without Toyota, who makes the Prius, which constitutes their fleet?
Leaders of these companies now believe that "doing good" can be a powerful strategy for growing markets, stimulating innovation, motivating employees, tapping into new talent pools, and actually reducing costs. As Jason Saul argues in his new book Social Innovation Inc. , Are you wasting resources such as paper, ink, or other supplies?
One large company, Dow, is now tackling this issue, working with the environmental NGO The Nature Conservancy (TNC) to try and make the business logic clearer. This odd couple announced a collaboration last week to "work together to apply scientific knowledge and experience to examine how Dow's operations rely on and affect nature.".
To address this, Cape Town-based NGO mothers2mothers employs and trains HIV-positive mothers as "Mentor Mothers" who work alongside nurses and doctors in clinics, providing psychosocial support to pregnant women and new mothers living with HIV. This innovation has impact. Conclusion? So what should mothers2mothers' leaders do?
Even cutting-edge thinking operates from a binary context: It ties itself in knots trying to figure out how you can have both. You can run the largest NGO on the planet, and if you're being chicken-s**t, then you've squandered the powerful position you've been given. It's mutually exclusive, or so the story goes. Unstoppable?
The smartest minds in social innovation are increasingly committed to engaging with the private sector to make significant changes in areas like health, education, and poverty. This framework has the potential to reverse the typical role of CSR, currently viewed as a way to "give back" to communities that a business operates in.
Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. Innovation in Cities. However, social impact and pay-for-success securities could unlock substantial foundation, philanthropic, and NGO assets to buffer the risk for return-seeking capital.
It recognizes this new reality will spell decline for some commercial activities, but growth for others who find better ways of operating. Unilever's strategy for 2020 is formulated in direct response to that quest for improved quality of life in a much more resource-constrained context.
I’ve been in contact with Heiny and her team at Target over the last year about the program she helped build to drive product innovation and more sales. The company has made significant efforts to improve store operations with their impressive energy efficiency work and the purchase of more solar power than any entity in the U.S.
Both in response and pre-emptively, the world’s leading companies continued to aggressively pivot their businesses toward more sustainable and innovative ways of operating. And citizens, using new social media tools and old-fashioned marches, rose up to drive change. Serious legislation like a carbon tax — even in the U.S.
But I think the interesting part comes when they start to see it as an opportunity for innovations that are financially beneficial as well as socially beneficial. For example, installing a rapidly deployable flood barrier around your campus can help keep your buildings operational during megastorms. The result will be innovation.
For slaughterhouses and retailers (Brazilian operations), we also projected positive benefits: $20 million to $120 million (0.01% to 0.1% These and other benefits translate into better cost management, agricultural innovation, and increased land productivity and quality. of revenues) and $13 million to $62 million (0.01% to 0.7%
She has only been finished her Residency in anesthesia for little over a year and is coordinating international WHO’s and the efforts of the likes of the Clinton Foundation, The UN and othe NGO’s. but you’ll not find that here. but you’ll not find that here. Sounds like a lifetime of accomplishments in leadership? She’s 37.
Co-founder of Rose Park Advisors—Disruptive Innovation Fund. A leading thinker on strategy and breakthrough innovation. Asheesh Advani – President and CEO, Junior Achievement Worldwide – the largest NGO dedicated to teaching young people about entrepreneurship and financial literacy. Operations Group Baring Private Equity.
The same is true for social innovators. However, unlike many business leaders, it is easy for social innovators to overlook making an intentional effort to drive demand because the need for their innovation is so great. But even the most needed innovation does not sell itself. Consider that 86 million U.S. A team of U.S.
The Obama administration issued new standards to double the fuel economy of cars and trucks , and the National Resources Defense Council (an NGO) proposed using the Clean Air Act to reduce emissions from power plants by 25%. Sustainability innovation opens up: Unilever, Heineken, and EMC ask the world for help. In the U.S.,
And while almost all the examples I cite are from West Africa, many of these ideas and innovations are well suited for emerging markets around the world. Another example of an infrastructure patch that has already gotten attention in the West is BRCK, the spin-off commercial service from renowned NGO Ushahidi.
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