Michael Porter on why business can be good at solving social problems

Why do we turn to nonprofits, NGOs and governments to solve society’s biggest problems? Michael Porter admits he’s biased, as a business school professor, but in a recent TED talk he argued for letting business try to solve massive problems like climate change and access to water. Why? Because when business solves a problem, it… Continue reading Michael Porter on why business can be good at solving social problems

Extend your market making more profit with Social Innovations

Joseph Schumpeter, the guru of innovation, addressed the process of innovation with his theory of creative destruction and his definition of entrepreneurs as people who combined existing elements in new ways to create a new product or service. Social innovation is a new potential megatrend, however with roots back in the 60’s and related to… Continue reading Extend your market making more profit with Social Innovations