As can be seen, the advantages commercial banks can capitalize on arise from their market position, while most of the obstacles involve the need to change internal ways of thinking and operating. Successful strategies provide a structure that uses the positional advantages of banks while preventing the attitudes and processes of traditional banking from hobbling microfinance. | Summary of the Last Lecture Financing vs. Delivery In house vs. partnerships MODELS AND CORPORATE CHOICES Social Responsibility Positioning When thinking about inclusive finance, companies are advised to be clear about where they place themselves on the spectrum of corporate social responsibility (CSR). Will they approach financial inclusion on purely commercial terms, or at the other extreme—as a philanthropic activity? Social Responsibility Positioning Will they pursue a double bottom line, and, if so, how? Can attention to social value enhance financial value? Social Responsibility Positioning Some players see their involvement in inclusive finance strictly as corporate social responsibility. An international bank’s head of microfinance, quoted in Euromoney, commented, “Anyone who tells you that they’re in this for business reasons alone is lying to you We have a trillion-dollar balance sheet. Social Responsibility Positioning Do you think this really matters for our bottom . | Summary of the Last Lecture Financing vs. Delivery In house vs. partnerships MODELS AND CORPORATE CHOICES Social Responsibility Positioning When thinking about inclusive finance, companies are advised to be clear about where they place themselves on the spectrum of corporate social responsibility (CSR). Will they approach financial inclusion on purely commercial terms, or at the other extreme—as a philanthropic activity? Social Responsibility Positioning Will they pursue a double bottom line, and, if so, how? Can attention to social value enhance financial value? Social Responsibility Positioning Some players see their involvement in inclusive finance strictly as corporate social responsibility. An international bank’s head of microfinance, quoted in Euromoney, commented, “Anyone who tells you that they’re in this for business reasons alone is lying to you We have a trillion-dollar balance sheet. Social Responsibility Positioning Do you think this really matters for our bottom line? You couldn’t do three big deals with all the money in microfinance.” Zach Fuchs, the Euromoney reporter who interviewed this person, found him to be an outlier. Social Responsibility Positioning He observed that the corporate leaders he spoke with were shifting their outlook from charity toward investment. Social Responsibility Positioning ACCION believes that for-profit businesses can and should incorporate social goals. Moreover, the transfer of social objectives from CSR to mainstream strategy is one of the harbingers of success for inclusive finance. Social Responsibility Positioning Projects viewed through the CSR lens and handled by CSR departments tend to stay limited because they lack the full weight of the company behind them. Scale becomes possible when these projects move into the mainstream arena. Social Responsibility Positioning Corporate champions like Nachiket Mor and Bob Annibale may be motivated by their own desire to make a difference to the poor. They may .
