Why Business Can Be Good at Solving Social Problems

Michael E. Porter

Talk | 14 Jun 2013

Why Business Can Be Good at Solving Social Problems

Abstract

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 he wants you to hear his case for letting business try to solve massive problems like climate change and access to water. Why? Because when business solves a problem, it makes a profit—which lets that solution grow.

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Keywords: Creating Shared Value; Strategy; Value Creation; Corporate Social Responsibility and Impact; Profit; Scotland;

Language: English

Format: Video

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Citation:

Porter, Michael E. "Why Business Can Be Good at Solving Social Problems." TEDGlobal, London, United Kingdom, June 14, 2013.

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Why Business Can Be Good at Solving Social Problems

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