I want to share this TED talk video, where Michael Porter, a
Harvard business professor, talks about the idea of solving social problems
through business. I think he has an interesting point of view on how to address
the current social challenges like poor nutrition, access to water, climate
change, lack of skills and more because he proposes that addressing a social
issue through business creates shared value (social value + economic value).
For instance, reducing pollution emissions can actually generate profit and save
money, thus there is an incentive to work towards this direction. He also puts
as examples of organizations that are working on technology that saves water,
organizations that train people in IT skills and many more.
This is a great TED talk, thank you for sharing it. It is amazing seeing how social problems can be solved by the competitive nature of the free market. He is right when he says "we are not making fast enough progress" at 3:48 in the video. This is very true and his approach to this is a breath of fresh air.
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