By developing a low-cost structure and specialising in maternity care, LifeSpring Hospitals, a fast-growing private healthcare chain in India, can charge Rs2,000 ($43, €29, £26) for a normal delivery, a cost that runs to Rs12,000 in mainstream Indian private hospitals. Learning how to deliver services to the world’s poorest consumers is not what MBA students aspired to. But with a new wave of students looking to use their business skills to tackle global problems, stories of social enterprises such as LifeSpring’s find eager audiences.

Such stories reflect the extent to which the boundaries between the private sector and civil society are eroding. “Business and the citizen sector are two operating sectors and they really need to come together,” says Bill Drayton, founder of Ashoka, the social entrepreneurship organisation. “Business schools should be at the centre of this merging of the sectors.”