Drive Social Impact
By creating economic, social, and environmental value simultaneously, Babson’s global network of entrepreneurs and educators will redefine the purpose of business as a change agent to help solve the world’s most complex problems.
“Today’s problems are so complex that we need business to take a leading role in helping to solve them. How do you do that? To me, it’s entrepreneurship. I wanted a place that lived and breathed value creation for itself and for others, and taught people to look for opportunities to act on them.”
– John Kluge MBA’17
Babson Assistant Professor Jennifer Bailey says that “society is on the verge of something that we haven’t seen before, and this is where Babson students become interested, creatively imagining new opportunities.” She’s talking about the Internet of Things (IoT), the ability of devices to use the world’s largest network to collect and share data.
At Babson, she urges students to take this one step further. “Where are the market opportunities, but also, what is the social responsibility that comes with this?” she says.
- Roger Babson made students pledge to embark on a business career as a means of “rendering service to humanity.”
- The College’s commitment to a curriculum that reflects Social, Environmental, Economic Responsibility and Sustainability (SEERS) drives the triple bottom line: people, planet, and profits.
- Students and clients are increasingly multicultural and global.
- The Lewis Institute for Social Innovation activates changemakers and accelerates social innovation solutions.
- Kletjian Foundation gifts position Babson to lead in solving global access to surgery.
Why the World Needs Babson
- Climate change requires entrepreneurial solutions and has created more than a $1 trillion per annum global eco-innovation market.
- Fifty-five percent of consumers globally will pay extra for goods or services from companies committed to positive social impact, and 67 percent prefer to work for these companies.
- Babson’s Project ROI finds that socially committed organizations can increase revenue by up to 20 percent and reduce employee turnover by up to 50 percent.
- Two billion people worldwide lack access to basic surgical care, creating a significant market for global healthcare entrepreneurs.