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Publications
  • 14 Jun 2013
  • Talk

Why Business Can Be Good at Solving Social Problems

By: Michael E. Porter
  • Format:Video
  • | Language:English
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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.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design—plus science, business, global issues, the arts and much more.

Keywords

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

Citation

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

Michael E. Porter

Strategy
→More Publications

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More from the Author
  • India’s Quest for Sustainable Growth in a New Global Reality:: The Need for a Region- and Sector-Driven Approach By: Christian H.M. Ketels and Michael E. Porter
  • Competitiveness Roadmap for India@100 By: Michael E. Porter and Christian H.M. Ketels
  • Value Chain Management to Implement Post-COVID-19 Health Care Strategy: The COVID-19 Crisis Has Created Areas of Innovation That Should Be Embraced by Health Care Leaders By: Michael E. Porter, Junaid Nabi and Thomas H. Lee
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