Skip to main content

The Nobel Lecture - Prof. Yunus

" ... the assumption that entrepreneurs are one-dimensional human beings, who are dedicated to one mission in their business lives − to maximize profit. This interpretation of capitalism insulates the entrepreneurs from all political, emotional, social, spiritual, environmental dimensions of their lives. This was done perhaps as a reasonable simplification, but it stripped away the very essentials of human life.

Human beings are a wonderful creation embodied with limitless human qualities and capabilities. Our theoretical constructs should make room for the blossoming of those qualities, not assume them away.
...
By defining "entrepreneur" in a broader way we can change the character of capitalism radically, and solve many of the unresolved social and economic problems within the scope of the free market. Let us suppose an entrepreneur, instead of having a single source of motivation (such as, maximizing profit), now has two sources of motivation, which are mutually exclusive, but equally compelling − a) maximization of profit and b) doing good to people and the world.
Each type of motivation will lead to a separate kind of business. Let us call the first type of business a profit-maximizing business, and the second type of business as social business.
Social business will be a new kind of business introduced in the market place with the objective of making a difference in the world."

First read at Sujit's Orkut Profile.
Read the complete Nobel Lecture.

Comments

Popular posts from this blog

IIMB PGSEM SOP Essays.

The IIMB PGSEM application for 2008 had a SOP section which required 5 short essays to be written. Here are the ones I had written: Statement of Purpose How do you see the PGSEM helping you in your goals? (150 words) My taking up the PGSEM course has twin objectives, namely, self-development and learning all aspects of setting up, managing a commercial/social enterprise. Having worked in the software industry for five years, I have closely seen the software development life-cycle. However, there are several aspects of business and the economy that are of interest to me and I find the time ripe to explore these in a formal way, through academics; specifically strategic management of a firm, innovation strategies, and the scope of strategic consulting. Getting ready to usher in acceleration in growth opportunities in my care

Google BigQuery & Apache Hive

Google BIGQUERY is a fast, economical and fully-managed enterprise data warehouse for large-scale data analytics. Details of querying your custom table in BigQuery: https://cloud.google.com/bigquery/quickstart-web-ui The Apache Hive ™ data warehouse software facilitates reading, writing, and managing large datasets residing in distributed storage and queried using SQL syntax. Built on top of Apache Hadoop™, Hive provides the following features: Tools to enable easy access to data via SQL, thus enabling data warehousing tasks such as extract/transform/load (ETL), reporting, and data analysis. A mechanism to impose structure on a variety of data formats Access to files stored either directly in Apache HDFS™ or in other data storage systems such as Apache HBase™ Query execution via Apache Tez™, Apache Spark™, or MapReduce Procedural language with HPL-SQL Sub-second query retrieval via Hive LLAP, Apache YARN and Apache Slider. More details on getting started: 

DNA newspaper plagiarizes my photographs!

The newspaper DNA (Daily News and Analysis - http://www.dnaindia.com/bangalore ) seems to have involved in not verifying its sources of photographs and having used my photographs (does this amount to plagiarism? I think it does) after it carried some of my pictures in the 'After Hrs' section of its newspaper on 31st January 2009, which I had taken at the IIMB Yamini 2009. It is good that they covered the event but they should have cited/verified the sources of the photographs. In all probability they or their sources just picked up the photos from my blog, with the belief that no one would notice anyways - seems they could not escape as luck would have it, I spotted them in the DNA paper on Saturday. It was early in the morning when as I flipped open the last page of the supplement that I was stunned to see my pics, which I was able to recognize immediately - however there were no credits anywhere in sight! Please check the photos below from the e-paper version on their website