BESR

• Economic Responsibility


  • Businesses have an economic responsibility to society, that is, they need to be profitable to be sustained. Business creates goods and services that society needs or wants.
• Legal Responsibility


  • Legal systems are society's codified ethics of operation. They're fundamental moral principles written as rules. (laws)
• Ethical Responsibility


  • The ethical responsibilities of a business are important because the normative expectations society holds in law are not always sufficient.
• Philanthropic Responsibility


  • Philanthropy in business embraces activities that are voluntary and discretionary.
• Environmental Values


  • The environment is not an unlimited resource. But why should business organizations be concerned with and value the natural world?
• Approaches to Environmental Sustainability

  • The Market Approach
  • The Regulatory Approach
  • The Sustainability Approach
• The Market Approach


  Focuses on efficient markets that seek profits but allow the market to allocate resources efficiently.
• The Regulatory Approach


  Every country implements its own laws and regulations on environmental protection. DENR (Philippines) is responsible for conserving resources.
• The Sustainability Approach


  Is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Our resources have limitations, where we sustain/consider for the future.
• Principles for Business Sustainability

  • Eco-Efficiency
  • Biomimicry
• Eco-Efficiency


  Is practically doing more with less, and has been an environmental guideline for decades.
• Biomimicry


  Ideally, the waste materials of one company are turned into a resource by another firm.
• Social Entrepreneurship


  The word social comes from the Latin word "socialis" which means an associate, ally, or companion. It suggest that organization of people who belong in interdependent groups that live and work together cooperatively in a community or society.
• Entrepreneurship


  May be defined as promoting production innovation by seizing opportunities to provide a new product or implement a new production method.
• Timmon's Model of the Entrepreneurship Process

  • Opportunity
  • Resources
  • Team
• PCDO Framework


  • People
  • Context
  • Deal
  • Opportunity
• People


  Represents the human resource needed to successfully run the enterprise.
• Context


  Includes the elements in the environment where the entrepreneurship takes place.
• Deal


  Includes transactions involved in determining how and to whom benefits of the entrepreneurial activity are dispersed.
• Opportunity


  Creates an avenue for the enterprise to offer something of value to the market.
• The Case Model


  A model developed by Guclu, Dees, and Anderson of the Center for the Advancement of Social Entrepreneurship. (more on innovation)
• Social Entrepreneurship Framework

  • Opportunity
  • People
  • Capital