Usually when printers or newspapers talk about a new business model, they mean "how do I keep making money doing what I'm doing, only better." Maybe that's not going to work as well going forward. Here's what Richard Branson said at Davos,
Worth the click @Victor Pinchuk Foundation:
"Business must achieve its goal - making profit. But at the same time it should increasingly focus on solving social problems. This idea Richard Branson, founder of Virgin Corporation, shared with the participants of the Second Davos Philanthropic Roundtable conducted by the Victor Pinchuk Foundation during Annual Meeting of World Economic Forum.
[for a full archive of information on the event - see project's page]
'Capitalism is the only economic system that really works', he underlined, saying that the downside of the capitalist system is accumulation of great wealth in hands of relatively small number of people. 'Not all of these people use their assets to create new jobs and new opportunities.' Branson stated.
This is precisely why social role of business, as said by Richard Branson, is so important in modern world. 'A modern company should focus not only on making money, but also on solving social problems and investing in protection of environment.' he said reminding the participants about his own initiative to establish an award for development of know-how to reduce emissions."