Scott Budde is Managing Director of Global Social and Community Investing at TIAA-CREF
Grameen Foundation Insights
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At Grameen Foundation, our goal is to spur innovation in the global movement to eliminate extreme poverty. Part of that work is to develop better solutions and share them with people like you.
On GF Insights, we share lessons learned from our leaders in the field, news about efforts to expand access to financial and information services for the poor, and how poverty-focused organizations are using data to improve the way they work.
By Jon Gillespie-Brown, Author “So you want to be an entrepreneur?”
In my opinion Social entrepreneurship is in fact a subset of a much more powerful global phenomenon called “Contribution”.
An example of this working in the real world is my book “So you want to be an entrepreneur?” – All the profits from the book go to the Grameen Foundation!
So why would I work for years on a book and then give all the profits away?
Contribution is why…
OK, so what does Contribution mean?…well my definition is: “Giving with no expectation of anything in return”.
So how can “contribution” lead to success and how can you join in – even if you aren’t yet an entrepreneur?
I know this seems like a long shot or a disconnect, surely success is all about being smart and hard working? Well that depends on what you believe, you still need to do those things but if you think about it whenever you were really helpful and thoughtful about others and helped or gave without looking for a reward - what were the results?
JPMorgan named Creating a World without Poverty to its annual summer reading list. A committee of JPMorgan advisors from around the world reviewed over 450 works of non-fiction to determine this year’s list. The final 10 books were selected based on the quality of the content, the timeliness of the appeal and the expertise of the authors. See the full list.
Grameen Shakti, a social business that aims to provide renewable energy to the rural poor of Bangladesh, was awarded the coveted Green Energy Prize from the Ashden Awards for Sustainable Energy. Dubbed the "Green Oscars," the awards recognize the leading renewable energy efforts in the world. The award further demonstrates the ability of social business to achieve best-in-class services while still focusing on a social-driven mission that benefits society at large.