Social enterprises seek to make profit while having a positive impact on communities. As a nascent and hybrid form of organization, social enterprises are vaguely defined. Might a certification process provide benefits for such organizations? Andrew Kassoy of the B Lab talks about the potential of the benefit corporation, or B Corp, to change the way business is done.
Rainfall insurance can help a farmer survive a drought year and ultimately increase prosperity in rural areas. So why aren’t more using it? Many people in developing countries rely on informal insurance, such as a family network, rather than formal insurance. Yale SOM professor Mushfiq Mobarak’s research has tested the effects of formal insurance for farmers in India and elucidated how the two systems interact.
Social enterprises, ventures that seek to address significant societal problems while also achieving financial sustainability, have become a bigger part of the business world. Chuck Slaughter ’90, founder of Living Goods, discusses what it will take for the field to produce a breakout star.
Four Yale SOM graduates who have founded and run organizations—both for-profit and nonprofit—that aim to have large-scale social impact talked about their experiences in the fast-developing field of social enterprise.
Mercy Corps’ literacy program in Assam, India, works because it is local—designed and taught by staff with an understanding of the culture there. As a global organization, Mercy Corps needs to balance investment in a deep understanding of local issues with the imperative to make a difference in as many lives as possible.
In a talk with Master of Advanced Management students at Yale SOM, Mercy Corps CEO Neal Keny-Guyer ’82 discusses the importance of finding innovative partnerships between the nonprofit and for-profit sectors.