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6 reasons companies fail to reach the bottom of the pyramid
It is no secret that, when it comes to commercial ventures at the base of the pyramid, our greatest hopes and expectations have been placed on the potential of multinational corporations to mitigate poverty.
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Applications Open for Indian “Social Entrepreneur of the Year Award 2013”
The Schwab Foundation for Social Entrepreneurship, a Switzerland-based nonprofit, and the Jubilant Bhartia Foundation, an Indian nonprofit, have announced that they are now accepting applications for the 2013 Indian “Social Entrepreneur of the Year Award.”
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- South Asia
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- microfinance
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Shared value: USAID’s new global health focus
Dr. Pablos-Mendez joined the USAID leadership team with a vision to shape the Bureau for Global Health’s programmatic efforts to accomplish scalable, sustainable and measurable impact on the lives of people in developing countries as envisioned in President Obama’s Global Health Initiative.
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- Health Care
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- public health
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Coca-Cola turns to solar energy to increase sales
Coca-Cola has turned to solar energy to consolidate its market share and boost sales through provision of subsidised solar kits to soda kiosks in order to extend their operating hours. Speaking Wednesday during the launch of a partnership with energy solutions provider, One Degree Solar, Managing Director Nairobi Bottlers Patrick Pech said the project will go a long way in helping retailers and kiosk owners extend their operating hours, reduce operating costs and enable them record higher sales.
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- Energy
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- Sub-Saharan Africa
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- solar
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Blue Collar, Inc
Krishna Kumar used to spend his days listlessly gathering scrap in garbage dumps across Motihari in Bihar.
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- South Asia
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Can Firms Aim to Do Good if It Hurts Profit?
Blake Jones of Boulder, Colo., is one of the many modern entrepreneurs who say their goals extend beyond increasing the bottom line to such pursuits as reducing child poverty or protecting the environment. But he worries that embracing a mission other than maximizing profits could open the door to shareholder lawsuits because of decades-old corporate governance laws.A co-founder and chief executive of Namaste Solar, Mr. Jones says his eight-year-old company gives 20% of its annual after-tax profits to local projects, such as a nearby children's museum and a bicycle-recycling program. It also offers up to $30,000 in solar-system installation grants to schools and other nonprofits. But "according to state law," he says, "we don't have any legal protection for doing business the way we do" even though such practices attract customers who also "want to do good."
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Micro loans reverse poverty cycle
With an average loan of about $150, more than two million families in India, Indonesia, The Philippines, China and Ghana are leaving poverty behind thanks to Opportunity International Australia.
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- Asia Pacific
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- microfinance
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Beyond Profit: A Talk With Muhammad Yunus
Today, in a ceremony at the United States Capitol, Congressional leaders will present the founder of the Grameen Bank, Muhammad Yunus, with the Congressional Gold Medal in recognition of his “efforts to combat global poverty.”
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- Technology
- Region
- North Africa & Near East