Recession-Proof-Profits means a sustainable business model that grows exponentially. Life expectancy has more than doubled in the last century and the number of people who are literate and pursuing economic opportunity is dramatically higher.
What are You doing for the people who are the worst off, the poorest?
The rate of improvement for them is nowhere near what it should or could be.
Drug companies understand why creating new drugs and testing new drugs is a deep competence that responds to market signals. Market signals like male baldness focus resources. Diseases of the poorest broadcast few economic signals to the innovators who could and should solve those problems.
Creating corporate awareness to make a contribution helps its image, hiring, and relationship with Government. Capital that creates a market for those goods, draws innovation power to do work for the poorest.
Tiered pricing for a product in the rich world and in the developing world has low marginal cost for production. Recover your Research and Development from those who are better off, and have close to marginal cost pricing for those who are the poorest.
Science lets us be optimistic about breakthroughs with the measurement of what corporations do to make special efforts for the poorest and the most needy.
* Free cellphone air time for healthcare clinics to get medical advice
* Use SMS messages so farmers know future weather conditions and pricing things.
* Micro-finance with loans, but also savings and insurance products are areas that could improve.
The short-run is No longer purely profit-driven
Brainstorm to invent new products and create economic opportunity. Young people are interested in how they should see their energies and being associated in their work, in their giving, or in their voting, with the needs of the poorest.
Cell phones for Kenyan farmers is just good old fashion capitalist recognition of a market that people hadn't figured out how to profit from earlier.
Growth opportunity exists and cell phones have demonstrated it is changing the asymmetry of information for someone who can make small transactions with SMS messaging. Asymmetry of information is the essence of poverty and why people are poor.
Three billion people are connected for the first time in human history is how and why we will democratize commerce.
The challenge for the 21st century is: how to make every human being get access to world-class products at affordable prices. We have to change business models as well as the technology to make everyone a micro-producer.
Create the capacity for consumption, and get paid for your effort. Create a different world where income inequalities, opportunity inequalities and lifestyle inequalities change.
It is in the interest of the large company to focus on the poor, because they provide a new source of innovation, like a 50 cent vaccine for malaria, a one dollar serum, or vaccine, for cholera.
Go to the bottom of the pyramid and take care of people and they will inform the developed world how to create innovations. Thirty dollar cell phones, $30 cataract surgery, less than a cent for a minute of cell phone time, one cent shampoo — these are new business innovations that have been transforming most of Asia and a lot of Africa. In Africa, Celtel and MTN are two of the fastest-growing local companies. People find a way to buy cell phones and use these because it improves their lives.
Do well and do good — goes beyond Google's (Don't do evil). See a new pattern of opportunity. Re-think Creative Capitalism, by taking the energy, technology, and the organization to innovate continuously.
Creative capitalism helps women with Development entrepreneurship which solves problems of poverty as the central mission, not making a profit. Use market principles to make a difference with microfinance. The Grameen Bank is an example where Ninety percent of all borrowers are poor women. They've developed a model to sustain their microfinance services by actually charging a larger pricing and depending on grants for clients to have some financial literacy, to invest in their human capital to truly benefit from the financial services.
Government, Business, and Society represent a non-profit organization that can come together to make a scaleable difference in the lives of people.
Creative capitalism and conscious capitalism are aware that we must have a deeper purpose. The purpose of business to maximize profits and shareholder value is secondary to Passion. That is one reason Google can say goodbye to Chinese profits. Google has passion for open access.
Pursue a deeper purpose and understanding that the best way to maximize profits or shareholder value is not to aim directly for it. The customers, employees, investors, suppliers, the community and Environment are interdependent and connected with each other. Conscious business tries to optimize the business system with win-win solutions combining Deeper purpose with an interdependent stakeholder base.
The current economy is really struggling with mortgages, and expensive gasoline. Corporate social responsibility is essential to creating shareholder value. Consumers care and Businesses have to worry about creating a movement of the conscience of organizations.
Competition in how people are doing more pro-bono work to have a particular impact on the poor would be a smart decision. Look at doing something for a super-low price, or doing it in an area where there's no electricity, or clean water may trigger ideas that actually apply to the entire marketplace.
The traditional model of only blockbuster products that only take care of problems of the developed countries, the U.S. market, the most lucrative market — is not just out of fashion, but out of step with sustainable business principles.
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