logo
episode-header-image
May 2021
26m 37s

To end poverty, cultivate innovation | E...

TED
About this episode

What turns a developing country into a prosperous one? For years, Efosa Ojomo has been trying to answer this question. And what he has found – through starting his own nonprofit in Nigeria, doing research at Harvard Business School and writing a book called The Prosperity Paradox with Clay Christensen – reverses many of our existing ideas around aid.

In this talk, Efosa lays out a new approach to fighting poverty that identifies innovation as the key driver of prosperity. But how does one build an innovative business in a developing market? In environments that can be as unfamiliar and unpredictable as they are full of opportunity? Stick around after the talk, where Modupe and Efosa discuss the unique mindset that this type of business requires.



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
What sex, soap and alcohol taught me about making an impact | Myriam Sidibe
<p>What if saving lives and growing a company went hand in hand? Public health expert Myriam Sidibe thinks many businesses are going about social impact all wrong — and leaving millions of dollars on the table at the same time. Drawing from decades of experience, she reveals a pl ... Show More
13m 4s
Nov 17
Tax the rich — and save the planet | from TED Talks Daily
<p>Nobel Prize-winning economist Esther Duflo brings her data-driven precision to the climate crisis — and the numbers are damning. While world leaders haggle over finances at endless summits, rising temperatures will kill millions in the poorest countries by the end of this cent ... Show More
12m 25s
Nov 10
Tech Solutions (#1): The affordable tech that will revolutionize farming (with Samir Ibrahim and Josephine Waweru)
When entrepreneur Samir Ibrahim asked farmers in Kenya what problem they most needed solved, the answer was simple: reliable access to water to irrigate their farms year-round. Samir is the CEO of SunCulture, a company replacing diesel- and petrol-powered water pumps with more af ... Show More
24m 9s
Recommended Episodes
Oct 2022
4 Business Ideas That Changed the World: Disruptive Innovation
In the 1980s, Clayton Christensen cofounded a startup that took over a market niche from DuPont and Alcoa. That experience left Christensen puzzled. How could a small company with few resources beat rich incumbents? It led to his theory of disruptive innovation, introduced in the ... Show More
45m 28s
Nov 2021
The Future of Debt: Can Fintech Fill the Gap?
How can small businesses gain access to the working capital they need? Zach Bijesse of Payhippo and Tunde Kehinde of Lidya are trying to figure it out. Hear how new technologies are changing the future of lending for small businesses in Nigeria, Africa, and the world.With over 20 ... Show More
36m 52s
Feb 2023
Getting into business: Start-up capital in Africa
The amount of accessible funding for start-ups in Africa is growing fast, but lots of it goes to the more developed economies of South Africa, Nigeria, Egypt and Kenya. We speak to business owners in Nigeria and Uganda and compare their experiences of getting into business. Nnamd ... Show More
18m 43s
Jan 2020
How to Capture All the Advantages of Open Innovation
Henry Chesbrough, adjunct professor at the University of California Berkeley Haas School of Business, coined the term "open innovation" over a decade ago. This is the practice of sourcing ideas outside your own organization as well as sharing your own research with others. Howeve ... Show More
23m 58s
Feb 2019
How Innovative Companies Help Frontier Markets Grow
Efosa Ojomo, global prosperity lead at the Clayton Christensen Institute, argues that international aid is not the best way to develop poor countries, nor are investments in natural resource extraction, outsourced labor, or incremental improvements to existing offerings for estab ... Show More
26m 9s
Jun 2023
Business Daily Meets: Iyinoluwa Aboyeji
The Nigerian tech entrepreneur on how he built two billion dollar businesses. Iyinoluwa Aboyeji co-founded talent marketplace Andela and payments company Flutterwave, both of which have been valued at more than a billion dollars.He tells Rob Young he wants to use his wealth to he ... Show More
17m 29s
Apr 2020
How Entrepreneurs Succeed Outside Silicon Valley
Alex Lazarow, venture capitalist at Cathay Innovation, says that start-ups in cities around the U.S. and the world are creating their own rules for success. While Silicon Valley companies have sparked key innovations and generated huge wealth over the past few decades, not everyo ... Show More
26m 53s
Apr 2024
Disruptive Innovation in the Era of Big Tech
In 1995, the late and legendary Harvard Business School professor Clayton Christensen introduced his theory of “disruptive innovation” right here in the pages of the Harvard Business Review. The idea inspired a generation of entrepreneurs and businesses, ranging from small start- ... Show More
47m 39s
May 2023
Disruption Isn’t the Only Path to Innovation
Disruptive innovation has proven such a powerful idea that many people now equate innovation with market disruption. But INSEAD strategy professor Renée Mauborgne says there's a powerful way to create new markets without destroying jobs, companies, and communities: "nondisruptive ... Show More
22m 1s
May 2023
How Successful Entrepreneurs Think? | Serge Dfouni
<p>How do successful entrepreneurs think? According to Serge Dfouni, a successful entrepreneur himself, having a strong ambition is key to becoming successful. Having clear goals and a vision for the future is important, but it&apos;s the ambition to achieve them that separates s ... Show More
37m 30s