3rd topic

• Capitalism - The effects are

  • Large businesses and corporations, rapid growth of different industries (industrial evolution)
  • competition, R and D, technological advancements, improved products, services and alternatives
  • higher quality of life
  • monopolies or oligarchies
  • environmental costs and social issues
• social entrepreneurship is the process of creating value by combining resources in new ways intended primarily to explore and exploit opportunities to create social value by stimulating social change or meeting social need
• social entrepreneurship is about finding new and better ways to create and sustain social value
• social entrepreneurship involves the offering of services and products as well as creation of new org. may also occur in an established org refer to NGO and Gov partnerships with the private sector
• social entrepreneurs :

  • they are change agents - they create large scale change using pattern breaking ideas
  • they apply cutting-edge research, combine innovative practices , and involve new technologies (supply resources, distribution outlets, or methods of production) to achieve their goals
  • they address the root causes of social problems
  • they possess the ambition to create systemic change by introducing a new idea and persuade others to adopt it .
  • they have deep knowledge of their social issues area
• social enterprises are

  • An enterprise setup or driven by social goals (may also exists in org which are not technically social enterprises)
  • the social mission is the most important criterion, not wealth creations. Wealth is only a means to an end for social entrepreneurs
  • social enterprises are best identified by defining social entrepreneurship activity in a continuum:
  • on one end are social enterprises driven exclusively by producing social benefits
  • on the other hand are social enterprises are motivated by profitability with social benefits
• Sustainable entrepreneurship

  • Ecopreneurship
  • Environmental Entrepreneurship
  • Green Capitalism
  • Social entrepreneurship
  • Corporate social responsibility
• Strategies for creating a sustainable future

  • Ecopreneurship
  • eliminate the concept of waste
  • restore accountability
  • make prices reflect costs
  • promote diversity
  • make conversation profitable
  • insist on accountability of nations
• assets facilitating sustainability in social entrepreneurship

  • The internet
  • social venture capitalists, social impact investing
• Shared value and triple bottom line - refers to the net income

  • Companies taking the lead in bringing business and society back together
  • an approach to creating economic value that also create vales for society by addressing its needs and challenges
  • it connects company success with social progress
  • it goes beyond social responsibility or sustainability, transforming business thinking
• The triple bottom line are

  1. Economic
  2. performance measures - related to the bottom line and income flows.
  3. environmental
  4. performance measure - natural resources and their viabilities
  5. social
  6. performance measure - harming or sustain communities