Saturday, November 5, 2011

Companies with real impact

The New York Times runs a series Fixes which "looks at solutions to social problems and why they work."
The latest article is about "Impact sourcing" [as opposed to "outsourcing" where Western companies maximise their profits by using workers on low wages in the majority world] which profiles several companies that were specifically set up to alleviate poverty in the majority world by hiring and training the unemployed poor for data processing tasks.

The article has an interesting definition, "Social enterprises seek to be profitable, but prioritize social impact."

I thank my lovely wife for bringing the article to my attention.

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