Word: profitably
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...tradition and a belief that Harvard should not allow financial strategies to undermine human rights or basic dignity. As interim University President Derek C. Bok himself noted just last week at a student forum, “Universities are simply not a business. Their central focus is not profit and loss...
...grasses, algae, wood chips and rice hulls. Biofuels, an area Khosla is betting heavily on, is expected to be a $52 billion market by 2015, up from $15 billion today. In another project, Khosla and former President Bill Clinton are working to raise over $1 billion dollars for a profit-seeking "Green Fund...
...steel while handing new markets and know-how to Tata. Says Rothschild's Bhandarkar: "Other Indian groups look at things opportunistically. Tata is the only one with an international strategy." An eye for strategy clearly runs in the family. Group founder Jamsetji Nusserwanji Tata knew how to turn a profit. But J.N. also had a patrician vision of spreading wealth and lifting a nation. In a 1902 letter to his son about building a workers' city around his Tata Steel works, he deplored the squalor of industrial England and anticipated what would become a standard for urban planning: "Be sure...
...Mohammed Yunus, a Bangladeshi economist, met a woman in Jobra, Bangladesh who was trying to earn a living by selling bamboo stools. She made only two pennies of profit a week, far from enough to sustain a family, as buying supplies required her to borrow from a local moneylender at extremely high interest rates. Yunus soon discovered that Jobra was filled with others just like her—women whose tiny ventures barely survived but had the potential to thrive if they could borrow money at reasonable rates...
...loans. Yunus’ prize honors not just his specific strategy, however, but also his impulse to redefine how we look at the problem of global poverty. Microfinance demonstrates that what matters is not the label attached to a solution—be it business or philanthropy or for profit or nonprofit—but its impact...