Why We Need Social Intrapreneurs More than Ever During COVID-19
The COVID-19 crisis illustrates the need for innovation from within companies by “social intrapreneurs.” A new report from the Schwab Foundation for Social Entrepreneurship, Yunus Social Business and Porticus presents best practices from these employees who are working to address environmental or social problems. Beyond providing societal benefits, corporate social intrapreneurship motivates employees, increases innovation and incites […]
The Urgency of a New Social Contract
In the United States, the crisis we are experiencing has laid bare the failure of the current social contract in many ways: the lack of access to healthcare owing to the tying of health insurance to paid employment; the extreme vulnerability of gig-economy workers to a sudden downturn of business; and for many workers, the absence of paid sick leave, inadequate childcare, and insufficient unemployment […]
How businesses respond to Coronavirus has massive ramifications – now and for the future economy that emerges
Here are 8 ideas on elements that are important right now for responsible business practice, despite highly-varied and fast changing contexts: 1. Even if the workforce is being downsized, rapid reactions should not come at the cost of worker rights and representation. Companies should ensure they are working with unions and other workers’ representatives to […]
COVID-19 and the Poor: Inclusive Business has solutions, but needs radical collaboration
When you are poor, social distancing is not an option, and hygiene and health services are often not available. When you live in a slum, you have to go out to make money, you take a mini-bus to work, you go to crowded market for groceries, and to the pump for water. The current pandemic […]
Shaping a Sustainable Post COVID World: 5 Lessons for Business
Today we have the acute Herculean task to protect the lives of 100,000s, the health of millions and the livelihoods of billions. Nothing should detract us from winning this war. But as we fight it we should seize the chance too to create a new, more resilient, healthy, equal society that lives in equilibrium with […]
How Business Can and Should Solve Social Problems
The coronavirus crisis is a major and imminent social problem. But, unfortunately, it’s far from the only social problem that the world in 2020 faces. Climate change, income inequality, population growth, resource usage, the displacement of workers through automation – the list is endless. Who should solve these social problems? We typically look to governments […]
Social Impact Measurement and Business: What, Why, and How?’
On February 27th, Business Fights Poverty held a live written discussion to explore how we can measure, manage and get the most from our social impact. This article provides you with a vivid flavour of the panel members’ perspectives on some of the topics that were raised. This was one of our liveliest online discussions […]
The Morning Show: How Business and Television Can Help Us See Possible Contributions to Peace
The Morning Show aired its first ten episodes in Fall, 2019 and quickly gained multiple nominations and awards in Hollywood’s award season. The show centers on the kind of morning program popular in the U.S. and elsewhere that features a mix of news, interviews, weather, and special segments, usually including some goofy or cute ones. […]
Why Off-Grid Energy Matters…And How it Can Matter Even More
That’s why we commissioned 60 Decibels to aggregate and share, for the first time, data collected on 49 off-grid solar companies in a new report – “Why off-grid energy matters” – launching this week at the Global Off-Grid Solar Forum & Expo in Nairobi. This was no small undertaking – it includes data from across 17 […]
How to Profitably Serve the Last Mile
High cost of maintaining a single brand distribution network While some of the most profitable companies in the world are working on solutions for the last mile, the costs of maintaining these distribution networks remains a challenge, given the low profit margins. Even when product costs are low, maintaining a network of sales reps to […]
Is it Time for Davos to Decelerate?
I visited the event once again for what I think must be my 15th trip— and it evokes mixed emotions every time I attend. Here’s how I described the Davos experience in my book, sponsored by Business Fights Poverty, released in 2018. “The Intrapreneur: Confessions of a corporate insurgent” questions the Davos phenomenon: So what’s […]
Demystifying Impact Measurement and Management for Inclusive Business
Rabayl, what does it mean to be the Impact Specialist at Business Call to Action? I see my role as a coach and guide, working with inclusive businesses to help them better understand and manage the effects they are having on low income populations, whether they are direct or indirect, positive or negative. Most companies […]
The Real Meaning of ‘Business with Purpose’
‘Business with a purpose’. ‘Stakeholder capitalism’. ‘An economy with a conscience’. These are the catchphrases I hear on everyone’s lips this week at Davos. We could certainly do with stakeholder capitalism. Capitalism’s great engine of growth has also become one of obscene inequality. This week Oxfam revealed that the world’s billionaires own more wealth than 4.6 […]
Why ESG is Core to Long-Term Success in Venture Capital
Successful VC-backed companies have the potential to create large numbers of jobs and deliver impactful services. This is particularly true in emerging markets where the technology-enabled firms targeted by VC investors can leapfrog market constraints to enable large-scale access to essential products and services, including to under-served groups, and create a path into the formal […]
Refugee Food Entrepreneurship: How the Business Community Can Support Sustainable Livelihoods
The global refugee population is at the highest level on record and there is no sign of the crisis abating. The most common private sector response is donations to address immediate humanitarian needs. But, with the average displacement ranging from 10 to 26 years, support is also needed to build sustainable livelihoods for refugees, especially […]
The Triangle That Will Fix Capitalism
It is remarkable how the agenda in this 50th edition of the World Economic Forum (WEF) Annual Meeting has shifted towards calling for a move to stakeholder capitalism, as issued by Klaus Schwab in the new Davos Manifesto. The theme of the 2020 forum itself is: “Stakeholders for a Cohesive and Sustainable World”. How do we get there […]
The Company of the Future Must Do Well by Doing Good
The world has got richer, but one billion people still go to bed hungry. Helping society should be a core part of business, not an add-on. A multistakeholder approach ensures long-term success. In the past 50-100 years, we have created immense prosperity. In 2019, global GDP is expected to reach almost US$ 90,000 billion, compared to […]
What Will Last Mile Distribution Look Like in 2025? Six Predictions for an Emerging Sector
Beneficial household products such as solar lights, improved cookstoves, water purifiers, nutritional supplements and agricultural inputs can play a significant role in achieving the Sustainable Development Goals. But these products can’t make an impact if they don’t reach the last mile customers who could benefit from them. And since they often live in rural communities […]
Top Stories of 2019
While the social impact and business agenda is shaping up for 2020, we first wanted to share the most popular stories we published in 2019 with you. A huge thank you to the authors featured in this list and to all of you who made contributions. We hope these stories inspire you and welcome your submissions this year*. 10 Seven Key Learnings for Corporate Partnership Leads in […]
10 Trends That Should Be on Your Board’s Radar
Ten things that caught my attention on the topic of business and social impact: 1.Climate change goes social: Global CEOs rank it as the biggest threat to business. But it has taken Greta Thunberg leading six million people to strike for the climate on one day to generate a feeling of real action. The global […]