full transcript

From the Ted Talk by Michael Porter: The case for letting business solve social problems

Unscramble the Blue Letters


But in oderr to get this solution working, we have to now cghane how business sees itself, and this is thankfully underway. Businesses got trapped into the conventional wisdom that they shouldn't worry about social problems, that this was sort of something on the side, that somebody else was doing it. We're now seeing caipnmeos embrace this idea. But we also have to recognize business is not going to do this as effectively as if we have NGOs and government wkrniog in partnership with business. The new NGOs that are really moving the nedlee are the ones that have found these partnerships, that have found these ways to collaborate. The governments that are mikang the most progress are the governments that have found ways to enable shared value in business rather than see government as the only player that has to call the shots. And government has many ways in which it could impact the willingness and the aitlbiy of companies to compete in this way.

Open Cloze


But in _____ to get this solution working, we have to now ______ how business sees itself, and this is thankfully underway. Businesses got trapped into the conventional wisdom that they shouldn't worry about social problems, that this was sort of something on the side, that somebody else was doing it. We're now seeing _________ embrace this idea. But we also have to recognize business is not going to do this as effectively as if we have NGOs and government _______ in partnership with business. The new NGOs that are really moving the ______ are the ones that have found these partnerships, that have found these ways to collaborate. The governments that are ______ the most progress are the governments that have found ways to enable shared value in business rather than see government as the only player that has to call the shots. And government has many ways in which it could impact the willingness and the _______ of companies to compete in this way.

Solution


  1. companies
  2. change
  3. working
  4. order
  5. needle
  6. making
  7. ability

Original Text


But in order to get this solution working, we have to now change how business sees itself, and this is thankfully underway. Businesses got trapped into the conventional wisdom that they shouldn't worry about social problems, that this was sort of something on the side, that somebody else was doing it. We're now seeing companies embrace this idea. But we also have to recognize business is not going to do this as effectively as if we have NGOs and government working in partnership with business. The new NGOs that are really moving the needle are the ones that have found these partnerships, that have found these ways to collaborate. The governments that are making the most progress are the governments that have found ways to enable shared value in business rather than see government as the only player that has to call the shots. And government has many ways in which it could impact the willingness and the ability of companies to compete in this way.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
conventional wisdom 5
social problems 4
business school 3
working environment 3
social problem 2
social challenges 2
awkward reality 2
business creates 2
reducing pollution 2
safe working 2
fundamental sense 2


Important Words


  1. ability
  2. business
  3. businesses
  4. call
  5. change
  6. collaborate
  7. companies
  8. compete
  9. conventional
  10. effectively
  11. embrace
  12. enable
  13. government
  14. governments
  15. idea
  16. impact
  17. making
  18. moving
  19. needle
  20. ngos
  21. order
  22. partnership
  23. partnerships
  24. player
  25. problems
  26. progress
  27. recognize
  28. sees
  29. shared
  30. shots
  31. side
  32. social
  33. solution
  34. sort
  35. thankfully
  36. trapped
  37. underway
  38. ways
  39. willingness
  40. wisdom
  41. working
  42. worry