In the Telegraph this week, Julie Meyer argues that the onus to ‘do good’ in society is no longer with the government, but has instead been taken up very effectively by the business world. This new trend is attributed in part to the rise of ‘mega-social entrepreneurship’ and a growing realization that the world’s best business minds have an important role to play in eradicating the world’s worst societal problems. The trend started before the coalition announced its significant spending cuts, and Meyer highlights in her article numerous individuals and organisations that are having impressive social impact. This includes Hampshire- based Fredrick’s Foundation, the UK’s largest micro-finance organization is led by Paul Barry Walsh (a UK entrepreneur), which has given 3 million pounds worth of loans this decade (it modestly estimates it has saved the UK Government £15 million).
To read more go to the Telegraph website.
