Tag Archives: sustainable development

Prof. Muhammad Yunus, Social Business and the Future of Capitalism

Earlier this year, Nobel laureate Prof. Muhammad Yunus was the invited guest speaker at MIT’s 142nd commencement. In his prepared remarks to the students he outlined how he started microcredit thirty plus years ago from a simple desire to free villagers near his university in Chittagong from the penalizing interest that they paid to moneylenders.

Today his organization, Grameen Bank, has grown to cover 7.5 million borrowers in Bangladesh, 97 percent of them women. From this beginning he has expanded to provide services and products in a number of areas ranging from health insurance, to affordable cell phone service with Grameen Phone to renewable energy solutions through Grameen Shakti.

Drawing from his successes with these businesses, Prof. Yunus has refined an overarching social business philosophy that he recently published in his latest book “Creating a World Without Poverty – Social Business and the Future of Capitalism“. Continue reading

Forum for Social Entrepreneurs: ForSE 2008

In 2007, I helped found an annual conference on Social Entrepreneurship in partnership with Boston University called the Forum for Social Entrepreneurship or ForSE for short.

We founded the Forum for Social Entrepreneurs (ForSE):

  • To bring together social innovators with leading business professionals, investors, donors, government officials, academics, and students
  • To facilitate the sharing of new technology and business ideas along with hard-earned management learnings
  • To foster informed discussion and action on new social venture concepts.

We feel no place is better suited to host such a conference than Boston. Boston is a center for a new breed of social entrepreneur. It is home to nearly a fifth of the Fast Company Social Capitalist awardees as well as dozens of pioneering social enterprise investors. Continue reading

An Introduction

The Social Ecosystem

Exploring Entrepreneurial Ideas that Address Social Issues, Enhance the Environment, Sustain Development and Transform the Developing World

This blog is about innovators that are addressing social challenges with fresh ideas, new approaches, and innovative business and entrepreneurial models. These breakthroughs come from a variety of sources ranging from academics, traditional non-profits to for-profit organizations. These include new approaches to charitable giving that have changed the way organizations address social issues. In addition to major changes at traditional philanthropies, they include newer sources of funds ranging from venture philanthropists to socially responsible funds that look for both social and financial returns.

This is an exciting and growing area that impacts us locally as well as internationally. We hope this blog will help educate, explain and engage you with these organizations that are doing exciting work around the world. We will use this blog to:

  • Showcase local and international organizations that have built scalable organizations and are doing significant work impacting social issues.
  • Highlight new approaches to philanthropy and support that are changing the way people address major societal problems.
  • Discuss new business ideas and models that are addressing key issues while providing both economic and social returns on their investments.
  • Present emerging ideas from the rich local pool of social entrepreneurial talent and enable the community to connect and support them.

We look forward to hearing from you about interesting social innovations that you might have come across.