49 thoughts on “Michael Porter: Why business can be good at solving social problems

  1. Very impressive breakdown of the topic! Sure, business is the answer in the form of social and impact Investments! With these types of investments, there is an aspect of spending more than what is received in return. However, this is a big step in the right direction! Philanthropy and CSR are not the answers to social problems or NGOs and NPOs……..it is business! Business, meaning that utilizing business strategies to bring social impact and creating a critical synergy and balance between the two. This does not however include businesses that engage in "unethical activities" because then, these types of businesses have their "core" already flawed before they even set out to begin their operations. It's utilizing business principles, models and strategies to create social value in a lucrative way that is the crux of this discussion.

  2. I saw a mobile game startup called vidribute. They share their profits with ngos. Look it up n please support them on facebook.com/vidribute or on instagram.com/vidribute

  3. This only works if there are INCENTIVES to do good. Lets not be naif. If business can earn money they will: that includes "if they can do well", AND "if they can get away with it (not doing well)". So we have to get the incentives right, and use the price mechanism: e.g. price on carbon emissions. But also we should "pressure" businesses "to do well": hold them accountable, and let them be accountable. Only than there will be an overall improvement possible.

  4. I would have had the slightest respect while listening to Porter, if tech companies like Canon did not sell plastics called cartridges for the price tag of 60€ that have 0.01€ worth of ink in them. I have read two of his books; yes he is what we call smart. But, nowadays the definition of smart correlates with how efficiently one can ripoff the innocent ones. First, they convince themselves that they are the good guys, and then try to convince others to that lie.

  5. I love this. Good dude. Thumbs. Y'all are so cynical and or backwards. STFU man just appreciate he is trying to move things forward in his own (mind you, practical) way.

  6. I am thankful for businesses every time I walk into the nearest Kmart (Australian Kmart – similar to Walmart etc) and find an abundance of affordable quality items. Without stores like that my purchasing power would be much lower. Capitalism has been so incredibly successful that its achievements are now invisible to people who take it for granted.

  7. Business is a problem because of the competitive advantages. The companies are trying to achieve to occupy the market worldwide. These companies intend to do whatever they can such as cutting trees, causing air pollution, burn forests, throw plastic into the oceans etc. So, In my opinion, business has an impact on this planet, in other word, business is destroying this planet.

  8. Would Capitalism address these ideas or think about just their own profit??!!!

    definitely, collaboration between business and social suffer from greed of the capitalists.

  9. 3 minutes in – ULCH ….. Poisonous Phenols all over my neck of the woods. PORT HOPE … pretty town on a big lake that feeds directly into the St Lawrence River.

  10. Lord of strategy Michael Porter… maybe he needs Joan Magretta to make his thinking accessible to us mortals or maybe, like Dawkins, he had one brilliant intuition when relatively young and now he's struggling to keep up with himself; a bit like certain bands can't replicate the greatness of their first album

  11. The Tata Group has been doing this in India and globally for years and years . That s why it's sustained so well for the past 150+ years . .

  12. Can we please clean up the audio a bit??? its distracting. put headphones on and it sounds awful. thanks

  13. The most important frigging talk ever in the history of environmentalism or any other world-relevant issue.

    I actually saw this take place once. A big construction project displaced tons of precious top soil…soil filled with nutrients for supporting plant life. There were two contractors involved, both laid claim to who gets to keep that topsoil (it was a contract gray area). In fact they fought aggressively over it, it was quite funny…they were redneck contractors going at each other over the precious useful nutrient-rich topsoil. They moved fast and stated their cases hard, they were stubborn and selfish, and wouldn't yield to each other. They cared for the soil, they nurtured it. Because…that top soil was valuable, ideal for landscaping. Greenpeace was not required. Government intervention not required. Protesters not required. Volunteers not needed. Both parties wanted to be the supplier of landscaping soil. When there is a synergy of incentives business GETS IT DONE. Leveraging those synergies is the only real solution to big problems. Agreed!

  14. Hope someday businesses, and their "take-the-maximun gain" provide solutions not problems!

  15. In fact many (if not most) of today's social problems have their roots in corporate world. So businesses may have good planning or strategic framework but lets not forget that 'mission' of business world is solely to generate profits. Can we trust such organizations to be in leadership role while addressing social problems? Never!!! However their support can be of some help in resource sharing or contributing capacity.

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  17. between 2:08 and 2:16 He said everything you need to know about modern business. What he said in next 2 seconds doesn't make situation easier, it's just a trick to make it look like "this is not the main point of all problems". It IS, my friend… It is the main cause of problems in the world dear Porter

  18. Businesses pursue their own profits even they are against people source to live, because their objective is accumulation of money despite it could affect citizens health, so bussines in reality is not compatible with social interest.

  19. Mr. Porter has a short-sighted view on social problems. Wealth is not created only by businesses. Let me resume your whole talk with one word that has nothing to do with business. CONSCIOUSNESS… is the revolution for social problems.

  20. Some of the people disagreeing with Porter, saying that money should not be the main driver for fixing social problems must realize that money is extremely important in our society even if you like the fact or not. We can not radically change this fact so we have to live with it and do the best we can with it. And that is what Porter is doing- seeing solutions using the tools we have at our disposal today.

  21. Is Porter really kidding? The resources are available. The reality is that the big companies make money at the expense of society, especially in the third world. Business just does not create wealth. He seems to forget about the public sector too.

  22. WARNING
    If your viewpoint is any tiny bit right from extreme leftist totalitarianism, don't bother reading the comment section. It has given me a headache due to an extreme lack of sensibility.

  23. This all makes sense if your talking about middle class businesses and the benefits they bring to our society such as local jobs so people stay off food stamps and can buy shoes and insurance. Once you "Scale" this up to the level of Corporations then you get just the opposite. You lose the middle class and all the benefits they bring to our communities. Corporations put people out of work like they have the farmers, fishermen, and the local store owners. You have a corpocracy where they use robots to do the work and go around the world raping the resources from third world nations and putting people out of work with their mechanization. Those who do work are paid less now than 30 years ago. Business is the answer but home grown business.

  24. माइकल पोर्टर दाई संग ठ्याक्क कुरा मिल्यो है !
    हार्भाड का प्रोफेसर र म जस्तै साधारण नेपाली नागरिक को विचार बिज्ञान त उस्तै छ गाठे !

  25. Dr, Porter was totally right in all what he said although most of the audience didn't agree with this. Please let me explain how he was thinking in the solutions 4 years ago and how we are realizing the solutions just nowadays. one of the comments was that we should claim capitalism that allows big business companies and manufactures generate money, but unfortunately this is wrong, because those business sold there products or services for huge consumers (for us ) we buy there products or services since we need it, since we believe in it, so if we should claim someone, we should claim ourselves in the first level. Secondly he said "business profits from solving social problems, that is where profits come from" the real explanation of this now in 2017 is like this:
    MacDonald leads to obesity and health problems because it serves an unhealthy food, they introduce a new product (salad)
    tobacco companies were responsible also for health problems, people want to get rid of cigarettes because its smells bad and bla bla bla , they shift into a new type of cigarettes (electronic cigarettes with different fruits flavors) and its a good and profitable business nowadays.
    car companies starts to innovate electronic cars, taxi companies are buying it cause it dosent consume fuel, they can reduce cost and expand the profits.

  26. For some minutes into this video this guy sounded kinda like milo from atlantis xD does anyone else hear that? Or is it just me? Lol

  27. Two main arguments I don't agree on:
    1) 'Business is the only institution creating wealth, and it can do so infinitely because profit.' Porter's main flaw in argumentation is that he assumes wealth created by business is created out of the void. Creating something, out of nothing. But business creates no resources, it uses them, usurps them. Resources become property by adding labour, following Locke's idea of property, but labour adds only the right to own, it adds nothing physical. Thinking that, due to profit, business can infinitely expand their resource 'creation' is wrong, since resources are finite. This is the whole flaw in industrial thinking and we are going to face the consequences.
    2) 'Solving social problems is in the interest of business.' While I agree that this is true, social disasters are bad for business (sometimes, war for example is great), business's have a different concept of interests. Just like people: eating McDonalds is not in my best interest, still I do it. It is short term interests that guide business.

  28. Large scale Co-Op business can change the vital goods industries. It will take team work and time to make large changes happen to fix these issues. We do have the resources. We can make money helping people using today's technology.

  29. first sound great, but when I think deeply I discover that horrify, Imagine Nestle solving the lack of water, and they privatize all the water. but before the water was for everybody but if Nestle privatizes, that isn´t sound good right?

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