One of the world's top business schools in London said on Wednesday that it will set up an institute to tackle challenges facing poor countries - the first of its kind to do so...

"We can and should harness the power of business for a bigger purpose," Francois Ortalo-Magne, the London Business School's dean, said... "We can train this generation differently, so that they emerge as more inclusive, more courageous leaders for good."

The post-graduate school [...] said business research and innovation could solve social issues ranging from healthcare delivery to poverty alleviation and gender equality...

[The] focus is on tackling the huge problems in developing countries but with the knowledge that comes from having a business lens...

In addition to teaching students, the institute will work on ways to turn research into action that creates change in developing countries.