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