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Nonprofit Sector

Mohammad Anas Wahaj | 03 mar 2016

Harvard University academics, Prof. Mark R. Kramer and Prof. Michael E. Porter, introduced the concept of 'Creating Shared Value (CSV)' in HBR (2011), as an approach that takes into account social problems which intersect with businesses and makes it a major part of the core business strategy of a company. In the context of India the approach is much more relevant as it is still struggling with numerous social issues like poverty, illiteracy, unemployment, health etc. The academics feel that Indian businesses are still missing something in their view of long-term sustainabile business models. While speaking at 'Shared Value Summit 2015' in India, Prof. Kramer said, 'You cannot have a successful business in a failing society...for the CSV model to become a part of corporate hygiene anywhere needs major mindset change where we embrace a problem solving approach that goes beyond thinking what we can do in our company alone to also what we can do for society that we operate in.' He further explains that, 'CSV doesn't replace CSR and philanthropy, but can be in addition to them, such that businesses can find new opportunities for competitive advantage by beginning to think about these social issues as part of their overall corporate strategy.' Read on...

Business Insider: Philanthropy and CSR are fine, but Harvard senior fellow Mark Kramer sees CSV as the way forward for a growing and evolving India
Author: Anushree Singh


Mohammad Anas Wahaj | 15 jul 2015

There seems to be lack of commitment by companies regarding the Corporate Social Responsibility (CSR) rules, that came into effect from 01 April 2014, and were introduced in the new Companies Act of 2013. Only 1/3rd of the top listed companies, from the half of the BSE-30 that have disclosed their CSR spending figures for 2014-15, were able to spend the required, minimum 2% of the profits, on CSR activities in the first year. Those taking their CSR with the proactive approach include RIL, Wipro, ITC, Hindustan Unilever and Mahindra & Mahindra. And the corporates that missed the 2% spending mark include Infosys (marginally), HDFC Bank, ICICI Bank, Axis Bank, SBI, Dr. Reddy's and Bajaj Auto. The total amount spent by the 15 companies was a little more than Rs 2100 crore. The government in its efforts to improve monitoring of social welfare activities of companies under the companies law has set up a six-member panel and asked it to provide suggestions. According to the Ministry of Corporate Affairs website, members of the panel include - Anil Baijal, Former Secretary of Govt. of India; Prof. Deepak Nayyar, Jawaharlal Nehru University; Onkar S. Kanwar, Chairman & MD of Appollo Tyres; Kiran Karnik, Former President of NASSCOM; Secretary, Department of Public Enterprises; Additional Secretary, Ministry of Corporate Affairs. Read on...

The Economic Times: CSR regime begins on disappointing note; two-third companies miss target
Author: NA


Mohammad Anas Wahaj | 02 mar 2015

Indian society is facing multiple challenges like high poverty rates, child labor, female foeticide, illiteracy, malnutrition etc. To overcome these issues, considering the substantial population size, requires mobilization of large amount of resources, social innovations, entrepreneurial spirit and commitment from government, private sector and civil society. Philanthropists, alongwith NGOs and local level community and grassroots organizations, are trying to tackle old problems in innovative ways. And there is still large untapped potential that is waiting to be harnessed to make required changes for the betterment of Indian society particularly in the rural and tribal areas. Santanu Mishra, co-founder and executive trustee of Smile Foundation, explains how an initiative by Rajasthan government 'Padharo Mahari Lado' to protect the girl child is bearing fruit due to the collaborative efforts of Department of Health, Barmer, National Rural Health Mission (NRHM), Cairns India Limited and Smile Foundation. According to him, 'When a social innovation is intended through collaboration, it is very necessary that it features a common agenda, unbroken communication, effective measurement systems, and the presence of a core organization.' Read on...

Business Insider: How Indian NGOs are marrying Philanthropy with Social Innovations?
Author: Santanu Mishra


Mohammad Anas Wahaj | 31 jan 2015

Last year India became the first country to pass CSR (Corporate Social Responsibility) as a law that requires corporates (Net Worth of Rs 500 crore or more; or Turnover of Rs 1000 crore or more; or Net Profit of Rs 5 crore or more) to compulsorily spend 2% of their net profits on social development annually. Recently PM Narendra Modi made 'Make in India' concept as part of government's policy and program to encourage and boost local manufacturing industry and make it a global hub. There are steps that are expected to be taken by the government to promote skill development among the youth to fulfil this mission. According to National Skill Development Corporation (NSDC) the growing skill gap in India is estimated to be more than 250 million workers across various sectors by 2022. NSDC is a public-private partnership (PPP) initiated for skill development. Corporates can support the skill development programs and projects as part of their CSR activities. This collaborative approach will be a win-win for government, businesses and public, as it develops skilled workforce for companies, jobs for the unemployed and thriving economy for the nation. Read on...

Forbes: Skill Building through CSR: The Catalyst for 'Make in India'
Author: Vishesh Agarwal


Mohammad Anas Wahaj | 20 may 2014

Ability is defined as the proficiency and skill that human beings possess to perform and fulfil their desired goals and objectives. Every individual has varied and diverse forms of abilities that provide them competences to succeed for their own personal progress and also to contribute for the development of humanity. Dr. Huzaifa Khorakiwala, CEO of Wockhardt Foundation, suggest 7 guidelines to recognize one's own abilities - (1) Identify strengths (2) Select a mission and goal that compliments strengths (3) Make it public (4) Have faith and belief in yourself (5) Work hard with passion (6) Develop knowledge, intelligence and skills that coincides and converges with the mission (7) Enjoy the process of self discovery and unearthing of real potential. Read on...

Speaking Tree: Ability is to have the skills to do something
Author: Huzaifa Khorakiwala


Mohammad Anas Wahaj | 20 apr 2014

India's rich demographic dividend (50% of its population under 25 years and 65% under 35) has potential to transform it into a prosperous and developed nation if they move in the right direction with better knowledge and skills. While speaking at the ISB (Indian School of Business) Leadership Summit on the theme 'Attracting Talent to the Social Sector', Anand Kumar (Founder of Super 30) encouraged management graduates to participate in social sector and nation building. According to him they are better equipped with skills and training to make the required turnaround in the social sector. Read on...

The Times of India: Youth must work in social sector: Super 30 founder Anand Kumar
Author: NA


Mohammad Anas Wahaj | 08 apr 2014

A team of economists, Esther Duflo & Abhijeet Banerjee (both from MIT) and Arun Chandrashekhar & Matthew Jackson (both from Stanford), in their research paper 'The Diffusion of Microfinance', explain the effects of providing information first to the well connected people on the popularity of socially beneficial programs. They termed this new measure of social influence as 'diffusion centrality'. Researchers examined the spread of microfinance in India through word of mouth and found that when socially well connected individuals were the first to know and gain access to these programs it increased the participation by 11%. The surveys for the study were mainly conducted in the select villages of the state of Karnataka in India. The study also found that participants in the microfinance programs are more effective in dissipating information to others - 7 times more than those who know about the programs but not participating. The research can be utilized by microfinance institutions and nonprofit poverty alleviation groups to evaluate the most effective methods to introduce and implement such programs in local settings. Read on...

Asian Scientist: How Anti-Poverty Programs Go Viral
Author: Peter Dizikes


Mohammad Anas Wahaj | 02 mar 2014

Social sector can be an effective learning environment for students as it prepares them to better understand the social realities and development issues that a developing country like India faces. Moreover it would also provide them opportunity to utilize their skills and contribute to improve the condition of the society that they are part of. In an interview Nachiket Mor provides his views on various aspects of his professional life and his recent transition to work in the social sector. According to him there is not much difference in his approach to contribute in either corporate or in social sector. He says that in a poor country like India any activity which is done with integrity whether in corporate sector or the social sector has the potential for a very large impact and cites an example of the transformative role that the telecommunications sector has played in India. He suggests - business graduates should work few years with social sector start-ups before joining established organizations; talented young people should consider social sector involvement as part of their mainstream career; future Indian CEOs should be more sensitive and well aware like for example Nitin Paranjpe. Read on...

Pagal Guy: A stint in the social sector can produce better CEOs - Nachiket Mor
Author: Sanjit Oberai


Mohammad Anas Wahaj | 20 nov 2013

Most responsible companies around the world are taking diversity initiatives to build an inclusive business ecosystem - management, employees, suppliers, partners, etc - with representation from minority communities, women, people with disabilities etc. Similar initiative is underway in India where 6 big multinational corporations - Accenture, Intel, Marriott, HP, Wal-Mart and IBM - have come together to interact with 100 women owned and operated businesses. This was organized by a non-profit WEConnect International and supported by Times Foundation. The program is directed towards encouraging these corporations to procure a share of their products and services from women-run businesses. According to CEO of WEConnect International, Elizabeth Vazquez, "Women make 70% of the purchasing decisions at home. Yet, women entrepreneurs get only 1% of the global procurement business. They are missing in the supply chain." Read on...

The Times of India: Big companies look to buy from women entrepreneurs
Author: Anshul Dhamija, Shilpa Phadnis


Mohammad Anas Wahaj | 18 oct 2013

Social entrepreneurship has the potential to solve many issues that India faces in the field of education, healthcare, agriculture, employment etc. With combination of CSR (Corporate Social Responsibility) programs, government funding, independent NGOs, social entrepreneurs etc, a social development ecosystem can be created to support such efforts at the national level. Successful social entrepreneurs can mentor and guide the young and inexperienced social entrepreneurs that have implementable ideas to solve the social issues and problems. Read on...

CoolAge: Social Entrepreneurship - Transforming India
Author: Shreya Dalela

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