Norman Macrae -The Economist pro-youth economist -bravo sir fazle abed & jack ma
In developed nations, an exciting job creation lesson from social business is: develop a franchise serving something that many communities need enough to be able to pay for it but open source the franchise to community ownership.
Unlike corporate franchises that typically look for 20% profit, any positive cashflow model above 0% return works. Thus such franchises can afford to be more learning intensive with happier co-workers which often makes for a better local service. Additionally, there are many services including those linked in to green technology or information tech (which today can offer a just in time local service that a nationwide organisation is nott geared to) assisted franchises that have a natural advantage to bottom up scaling rather than a top-heavy management structure. See Norman MACRAE's observations on the joy of intrapreneurship which are 30 years old and still far too entrepreneurial for most busieness schools or banking chains to celebrate.
Assuming the above isn't that complicated, why dont developed nations try social busienss job creation? We the people need to brainstorm this, as the evidence is our governments wont until we do. And as for our media's capability to debate job creation, well if you have come across a large scale media that truly helps with job cdreation - do tell us!
Is it because governments dont like to empower but want to govern over? Is it because some of the most needed services would celebrate apprenticeships and more informal approaches than complete professional qualifications (whose certainty of what'[s right is often bought with historical inertias frefered in). Is it because we no longer have local markets and knowhow spaces owned by and for communities?
Or is it because of lack of imagination in terms of where to get initial funds. In this respect the UK has come up with an idea worth flying all over Europe (particularly places with huge youth underemployment like Greece, Spain, Portugal, Ireland). In the Uk , about half a billion dollars lies in dormant bank accounts that haven't been used for 15 years. Why not invest this in youth social business funds. http://www.youtube.com/safebanks
A government could always insure the small per centage that might get reclaimed by their long-silent owners. Doubtless some banking laws might need redrafting but is that a reason why we should stop job creation for youth all over Europe? Another way ahead would be to develop a kiva-type inter-family funding mechanism within an European nation or county but one that specialised in listing open community franchises that had already demonstrated their value.
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In France, Danone doesn't just sell water and milk , it sells empowerment of french youth to job create- in fact it has awakened the nation to celebrating the communally productive creativity France first coined around 1800
Coming soon - links to the cases featuring in danonecommunities nearly 100 Mn Euro fund for social business
Coming soon news of the first trillion dolar marketplace to have been innovated by the social business fund in such a way that China and France and Bangladesh have formed a 3-way partnership to lead this life cdritical innovation
coming soon the list of 50 youth networks Danone invites to co-brand 2000 person meetings that danone celebrates every time youth's number 1 economist dr yunus passes through paris
coming soon the list of leaders and leading organisations that collaborate around Danone invitation to make Paris Social Business Capital of the world
Coming soon how Danone started sponsoring a professorship destined to turn HEC into the second greatest job creating university in the western world (MIT remains way number 1 with the rest nowhere according to league tables of job creating universities - a favourite subject of mine to receive reports on if you have one - firstname.lastname@example.org )
A couple of months ago I was at the French Embassy in DC populated by MIT entrepreneurs and representatives from Obamas Start up team. The French Ambassador stood up and surprised many in the crowd with the announcement that not only was job creation entrepreneurship his favourite topic to host but that France had established a world record of 650000 start ups last year. So dont let any government tell you that job creation can't be empowered in these here exciting 2010s of the net generation.