Last week’s TED talk examined the dichotomy between business and charity. How we expect business to make a profit, while charities have to scrape by. And why we should change our thinking 180 degrees as charities run like profit based businesses are capable of doing far more for their constituents.
This TED talk by on “Patient Capitalism” by Jacqueline Novogratz follows on with some fascinating examples of how investing “patiently” where you initially get below market returns, can build highly effective businesses providing far greater reach lifting whole communities out of poverty.
Well worth watching.