full transcript
From the Ted Talk "Michael Porter: The case for letting business solve social problems"

Unscramble the Blue Letters

But the more deeply I got into all these social issues, one after another, and actually, the more I tried to address them myself, personally, in a few cases, through nonprofits that I was involved with, the more I found actually that the reality is the opposite. Business does not ifrpot from causing social problems, actually not in any fundamental sense. That's a very simplistic view. The deeper we get into these issues, the more we start to ddunenrtas that actually business profits from ongsvil from social problems. That's where the real profit comes. Let's take pollution. We've learned today that actually drigcnue pollution and emissions is generating profit. It saves neyom. It makes the business more productive and efficient. It doesn't waste resources. Having a arsfe working environment actually, and vdnoiaig accidents, it makes the business more profitable, because it's a sign of good processes. Accidents are expensive and costly. Issue by useis by issue, we start to laner that actually there's no trade-off between social progress and economic efficiency in any fundamental sense. Another issue is health. I mean, what we've found is actually health of employees is something that business should treasure, because that health allows those pyloemese to be more pdeocrvtiu and come to work and not be absent. The deeper work, the new work, the new initnhgk on the interface between business and social problems is actually showing that there's a fundamental, deep synergy, particularly if you're not thinking in the very short run. In the very short run, you can sometimes fool yourself into thinking that there's fundamentally opposing goals, but in the long run, ultimately, we're learning in field after edlfi that this is simply not true.

Open Cloze

But the more deeply I got into all these social issues, one after another, and actually, the more I tried to address them myself, personally, in a few cases, through nonprofits that I was involved with, the more I found actually that the reality is the opposite. Business does not ______ from causing social problems, actually not in any fundamental sense. That's a very simplistic view. The deeper we get into these issues, the more we start to __________ that actually business profits from _______ from social problems. That's where the real profit comes. Let's take pollution. We've learned today that actually ________ pollution and emissions is generating profit. It saves _____. It makes the business more productive and efficient. It doesn't waste resources. Having a _____ working environment actually, and ________ accidents, it makes the business more profitable, because it's a sign of good processes. Accidents are expensive and costly. Issue by _____ by issue, we start to _____ that actually there's no trade-off between social progress and economic efficiency in any fundamental sense. Another issue is health. I mean, what we've found is actually health of employees is something that business should treasure, because that health allows those _________ to be more __________ and come to work and not be absent. The deeper work, the new work, the new ________ on the interface between business and social problems is actually showing that there's a fundamental, deep synergy, particularly if you're not thinking in the very short run. In the very short run, you can sometimes fool yourself into thinking that there's fundamentally opposing goals, but in the long run, ultimately, we're learning in field after _____ that this is simply not true.

Solution

  1. learn
  2. thinking
  3. profit
  4. avoiding
  5. employees
  6. solving
  7. field
  8. productive
  9. understand
  10. money
  11. safer
  12. reducing
  13. issue

Original Text

But the more deeply I got into all these social issues, one after another, and actually, the more I tried to address them myself, personally, in a few cases, through nonprofits that I was involved with, the more I found actually that the reality is the opposite. Business does not profit from causing social problems, actually not in any fundamental sense. That's a very simplistic view. The deeper we get into these issues, the more we start to understand that actually business profits from solving from social problems. That's where the real profit comes. Let's take pollution. We've learned today that actually reducing pollution and emissions is generating profit. It saves money. It makes the business more productive and efficient. It doesn't waste resources. Having a safer working environment actually, and avoiding accidents, it makes the business more profitable, because it's a sign of good processes. Accidents are expensive and costly. Issue by issue by issue, we start to learn that actually there's no trade-off between social progress and economic efficiency in any fundamental sense. Another issue is health. I mean, what we've found is actually health of employees is something that business should treasure, because that health allows those employees to be more productive and come to work and not be absent. The deeper work, the new work, the new thinking on the interface between business and social problems is actually showing that there's a fundamental, deep synergy, particularly if you're not thinking in the very short run. In the very short run, you can sometimes fool yourself into thinking that there's fundamentally opposing goals, but in the long run, ultimately, we're learning in field after field that this is simply not true.

ngrams of length 2

collocation frequency
social problems 12
conventional wisdom 5
working environment 4
business school 3

Important Words

  1. absent
  2. accidents
  3. address
  4. avoiding
  5. business
  6. cases
  7. causing
  8. costly
  9. deep
  10. deeper
  11. deeply
  12. economic
  13. efficiency
  14. efficient
  15. emissions
  16. employees
  17. environment
  18. expensive
  19. field
  20. fool
  21. fundamental
  22. fundamentally
  23. generating
  24. goals
  25. good
  26. health
  27. interface
  28. involved
  29. issue
  30. issues
  31. learn
  32. learned
  33. learning
  34. long
  35. money
  36. nonprofits
  37. opposing
  38. personally
  39. pollution
  40. problems
  41. processes
  42. productive
  43. profit
  44. profitable
  45. profits
  46. progress
  47. real
  48. reality
  49. reducing
  50. resources
  51. run
  52. safer
  53. saves
  54. sense
  55. short
  56. showing
  57. sign
  58. simplistic
  59. simply
  60. social
  61. solving
  62. start
  63. synergy
  64. thinking
  65. today
  66. treasure
  67. true
  68. ultimately
  69. understand
  70. view
  71. waste
  72. work
  73. working