A for-profit mindset for nonprofit success | Tolu Oyekan
TED Business
TED
4 • 1.2K Ratings
🗓️ 29 May 2023
⏱️ 18 minutes
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Summary
Can you imagine a world where nonprofits increase their impact and move the needle on the impossible problems they often take on? Looking to bring the urgency of a profit motive to every initiative, inclusive finance promoter Tolu Oyekan shares the mindset that can help any business meet its goals with speed and precision. After the talk, Modupe shares more specific examples of tech that is increasing financial inclusion (and agricultural innovation) across the continent.
Transcript
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| 0:00.0 | Ted Audio Collective |
| 0:07.7 | I'm not sure what this world would be like without nonprofits. |
| 0:13.3 | So many provide unique solutions to some of the most pressing social issues and do so |
| 0:19.5 | effectively. |
| 0:21.4 | For instance, last semester, I taught a course on Rwanda and got the opportunity to visit |
| 0:27.3 | the country with my students. |
| 0:29.7 | The Rwandan economy is based mostly on subsistence agriculture. |
| 0:34.8 | As a result, there are many organizations that focus on farming and farming related |
| 0:39.8 | commercial activities. |
| 0:42.0 | One nonprofit we visited provides critical supplies for farmers and trains them to produce |
| 0:47.5 | more commercially viable crops, allowing the farmers to earn more money, feed their families |
| 0:54.2 | and improve their lives. |
| 0:57.0 | These types of organizations are essential, but they can be slow to reach everyone. |
| 1:03.5 | We're all aware of some nonprofits that are incredibly inefficient and could benefit |
| 1:08.6 | from some of the systems and processes of for-profit organizations. |
| 1:13.7 | Which makes me wonder, what can be done to improve more people's lives and how can the |
| 1:20.1 | business world accelerate this? |
| 1:26.4 | I'm Madu Pakinola, this is Ted Business. |
| 1:30.0 | Our speaker today is Tolu Oyeka, a managing officer and partner at Boston Consulting |
| 1:36.1 | Group's Lagus office. |
| 1:38.6 | In this talk, Tolu encourages us to consider new approaches and nonprofit work that can |
| 1:44.2 | lead to maximum impact. |
... |
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