Business Solutions to Social Problems

The video discusses the pressing global issues and the role of business in addressing them. It highlights the perception of business as a problem and the potential for business to be a solution through resource creation and scalability. The concept of shared value is introduced, emphasizing the synergy between social and economic progress. The importance of collaboration between businesses, NGOs, and governments is stressed to effectively tackle social challenges.

What is the main question the speaker is struggling with regarding global problems?

• How to increase awareness of these problems

• Why business is not involved in solving these problems

• Why we are having trouble dealing with these problems

• How to reduce the number of global problems

According to the speaker, what has been the traditional view of business in relation to social problems?

• Business is the only entity that can solve social problems

• Business has no impact on social problems

• Business is one of the problems

• Business is the main solution to social problems

What is identified as the fundamental problem in dealing with social issues?

• Problem of communication

• Problem of scale

• Lack of innovation

• Lack of awareness

What does the speaker suggest is the real source of resources needed to address societal challenges?

• Philanthropic donations

• Government funding

• International aid

• Business profits

What is the conventional wisdom about the relationship between business and social problems?

• Business profits from causing social problems

• Business profits from solving social problems

• Business has no impact on social problems

• Business is indifferent to social problems

How does the speaker suggest businesses can actually profit?

• By ignoring social problems

• By solving social problems

• By reducing employee benefits

• By increasing product prices

What is the concept of 'shared value' as introduced by the speaker?

• Reducing business expenses

• Maximizing short-term profits

• Competing for market share

• Addressing social issues with a business model

What does the speaker believe is necessary for businesses to effectively address social problems?

• Collaborating with NGOs and government

• Reducing workforce

• Focusing solely on profit

• Working independently

Which company is mentioned as leading a revolution away from trans fat?

• Fibria

• Cisco

• Jain Irrigation

• Dow Chemical

What is the ultimate goal of shared value according to the speaker?

• To increase market competition

• To focus on short-term profits

• To create social and economic value simultaneously

• To reduce business expenses