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

Unscramble the Blue Letters

So if it's fundamentally a resource problem, where are the recsuores in society? How are those resources really created, the resources we're going to need to deal with all these sitcoeal cehalnlges? Well there, I think the answer is very clear: They're in business. All waleth is actually created by bussnies. Business creates wealth when it meets needs at a profit. That's how all wealth is created. It's meeting needs at a profit that leads to taxes and that leads to incomes and that leads to charitable donations. That's where all the resources come from. Only business can actually craete resources. Other institutions can uizilte them to do important work, but only business can create them. And business creates them when it's able to meet a need at a profit. The resources are overwhelmingly generated by business. The question then is, how do we tap into this? How do we tap into this? Business generates those resources when it makes a profit. That piofrt is that small difference between the price and the cost it takes to produce whatever solution business has created to whatever problem they're trying to svole. But that profit is the magic. Why? Because that profit allows whatever solution we've created to be infinitely sllcbaae. Because if we can make a profit, we can do it for 10, 100, a million, 100 mliioln, a billion. The solution becomes self-sustaining. That's what business does when it makes a profit.

Open Cloze

So if it's fundamentally a resource problem, where are the _________ in society? How are those resources really created, the resources we're going to need to deal with all these ________ __________? Well there, I think the answer is very clear: They're in business. All ______ is actually created by ________. Business creates wealth when it meets needs at a profit. That's how all wealth is created. It's meeting needs at a profit that leads to taxes and that leads to incomes and that leads to charitable donations. That's where all the resources come from. Only business can actually ______ resources. Other institutions can _______ them to do important work, but only business can create them. And business creates them when it's able to meet a need at a profit. The resources are overwhelmingly generated by business. The question then is, how do we tap into this? How do we tap into this? Business generates those resources when it makes a profit. That ______ is that small difference between the price and the cost it takes to produce whatever solution business has created to whatever problem they're trying to _____. But that profit is the magic. Why? Because that profit allows whatever solution we've created to be infinitely ________. Because if we can make a profit, we can do it for 10, 100, a million, 100 _______, a billion. The solution becomes self-sustaining. That's what business does when it makes a profit.

Solution

  1. wealth
  2. business
  3. profit
  4. create
  5. million
  6. scalable
  7. societal
  8. utilize
  9. challenges
  10. solve
  11. resources

Original Text

So if it's fundamentally a resource problem, where are the resources in society? How are those resources really created, the resources we're going to need to deal with all these societal challenges? Well there, I think the answer is very clear: They're in business. All wealth is actually created by business. Business creates wealth when it meets needs at a profit. That's how all wealth is created. It's meeting needs at a profit that leads to taxes and that leads to incomes and that leads to charitable donations. That's where all the resources come from. Only business can actually create resources. Other institutions can utilize them to do important work, but only business can create them. And business creates them when it's able to meet a need at a profit. The resources are overwhelmingly generated by business. The question then is, how do we tap into this? How do we tap into this? Business generates those resources when it makes a profit. That profit is that small difference between the price and the cost it takes to produce whatever solution business has created to whatever problem they're trying to solve. But that profit is the magic. Why? Because that profit allows whatever solution we've created to be infinitely scalable. Because if we can make a profit, we can do it for 10, 100, a million, 100 million, a billion. The solution becomes self-sustaining. That's what business does when it makes a profit.

ngrams of length 2

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

Important Words

  1. answer
  2. billion
  3. business
  4. challenges
  5. charitable
  6. cost
  7. create
  8. created
  9. creates
  10. deal
  11. difference
  12. donations
  13. fundamentally
  14. generated
  15. generates
  16. important
  17. incomes
  18. infinitely
  19. institutions
  20. leads
  21. magic
  22. meet
  23. meeting
  24. meets
  25. million
  26. overwhelmingly
  27. price
  28. problem
  29. produce
  30. profit
  31. question
  32. resource
  33. resources
  34. scalable
  35. small
  36. societal
  37. society
  38. solution
  39. solve
  40. takes
  41. tap
  42. taxes
  43. utilize
  44. wealth
  45. work