Wednesday, September 14, 2005

Social Entrepreneurship Trends In India

The is really a global trend. People seem to be moving away from models of helping that cause dependency to a business model. For example micro loans must be paid back. CNN today has a very interesting article For rural women, land means hope One man's drive to help India's poor will need help, analysts say.

This is the story of Abraham George and his success in help people outside of Bangalore. He is very much a social entrepreneur. After selling off his software business he turned to social entrepreneurship.

The article also mentions another model of social entrepreneurship this one from a management guru. Here what cnn reports:

Michigan University management professor C.K. Prahalad has written a book saying business can make huge profits by selling products to the bottom of the pyramid -- people living under $2 a day, and getting them to become entrepreneurs.

But while there is money to be made in rural India, George says, the poor need to have the buying power in the first place.

"First raise the income of the poor so they can buy the toothpaste, but don't tell me how to sell to them, tell me how to increase their income."

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