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INSEAD Social Innovation Centre
   
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Professor Luk Van Wassenhove and Megan Pillsbury of the INSEAD Social Innovation Centre outline the main themes of the Leadership Summit which marked the formal launch of the Centre.

 

Islamic microfinance gains popularity in war-torn Afghanistan

After spending several years in Iran as a refugee struggling to make a living working in a beauty parlour, Shooperi Sharif never imagined that one day she would have a business of her very own. Last year, the 34-year old mother of three took a microfinance loan from the Foundation for International Community Assistance (FINCA) to expand her school.


Sharif is one of thousands of Afghans who refuse to take interest-bearing loans.  Trying to cater to potential clients such as Sharif, FINCA in 2006 became the first microfinance institution (MFI) in Afghanistan to offer non-interest bearing Murabaha Islamic loans (contracts where sellers declare their cost and profit). Read more...

 




Click here for full coverage of the 6th European Business Summit Greening the Economy

Only one manager in about six is likely to view her company as a global corporate citizen with a responsibility to help solve social problems, as opposed to one stakeholder in three. This is one of the key findings of RESPONSE: Understanding and Responding to Social Demands on Corporate Responsibility, a study created and funded by the European Commission to study the gap in perceptions of social responsibility among companies and stakeholders.

Alignment is important because “only when all parties frame their thinking about society’s problems in similar ways can a mechanism for cooperation develop,” the study says. Without this alignment, it is difficult to agree on priorities and a plan of action.
Read more...


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