Sorry, Kids, Changing the World Takes More Than a Killer App

Posted on 2014/09/25 in Business, Entrepreneurship, Google+, Innovation

The Global Impact of Social Enterprise Is Overrated

"The Hult Prize is just one of a number of awards recognizing young people keen to change the world, reflecting what inspires would-be world-changers these days. Forget bureaucracies, charities, foreign aid, and big multinationals, they might say, the best way to fight global poverty is through the right blend of innovation and business savvy. In its own way, this is simply a new brand of naiveté. The fact remains that poor countries can’t develop without a big, traditional private sector that creates jobs, and the smartest innovations can only go so far without functional governments to provide basic services and infrastructure."

Article on +Bloomberg Businessweek

The Global Impact of Social Enterprise Is Overrated – Businessweek

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