Tuesday, March 25, 2014

Dr. Kerstin Humberg of McKinsey and Company on Social business â a new private sector contribution to development

Dr. Kerstin Humberg, Engagement Manager, McKinsey and Company, spoke 13 March 2014 at the Development Assistance Committee (DAC) Development Debate "Social business â a new private sector contribution to development".

Dr. Humberg made 3 points:

1. Social entrepreneurship - find market-based solutions for social sector challenges
2. Creating social business solutions is challenging. Initial losses are a matter of fact, and it takes time to see real results.
3. To overcome a core challenge, start bottom up. Ask what are target beneficiaries demanding, not what can your product do?

To hear more about DAC Development Debates, please visit: http://www.oecd.org/dac/dacdevelopmentdebates.htm

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