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Company directors and entrepreneurs have the power to help battle key social problems, experts have suggested at an international meeting of business mentors, academics and policymakers.
Addressing 400 delegates at the inaugural World Entrepreneurship Summit in central London last week, speakers called on business owners to embrace their role as the "worlds change agents".
Organiser and economist Dr Rebecca Harding stressed that the role of entrepreneurs in making a difference economically, socially or environmentally is clear.
George Polk, founder of the Catalyst Group - an organisation that works to educate business leaders on major issues of public policy - also advised business owners that they are in the perfect place to affect social change.
Mr Polk was quoted in Business Zone as saying: "It is exactly the skills you develop as an entrepreneur that you need to address social problems. What a good entrepreneur does is spend quite a lot of time analysing, makes a decision and then sticks ruthlessly to it."
He added: "If they are successful then that idea has created a gap in the market. It is crucial to bring those skills to the non-profit sector."
Mr Polk also said that the entrepreneurial skills of articulating and effectively selling a vision to a group of stakeholders are "crucial for successful social enterprises".
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