Pros And Cons Of Social Entrepreneurship

917 Words2 Pages
bulb-icon

Recommended: Importance of ethics in organisation

Introduction
In India, Number of people wants to be social entrepreneur. They want to be part of endeavor to make the world a cleaner, more-equitable, healthier, and better-educated place. This is possible by approaching social change with business rigor and analytical tools. Social entrepreneurs can play the role of change agents in the social sector.
It’s an innovative form of business which combines social change with commercial practice. Currently India is trying to find a solution to the different problems that it is facing such as: poverty, changes of economic gender roles, and environmental problems. India being a young nation provides a huge opportunity for social entrepreneurs. Young people are very enthusiastic, passionate to start
It also aims at understanding impact of CSR as well as Social Entrepreneurship on Indian society. The paper analyzes the whole ecosystem of social entrepreneurship as it is becoming more dynamic. It will help us to conclude that social entrepreneurship is more pervasive and effective than
The scale and nature of the benefits of CSR for any organization depends on the nature of the organization. Some of these benefits are as follows:
• Human resources: As more and more people are becoming aware and support best business practices, a CSR programme helps in recruitment and retention when there is huge demand and supply gap for talented people. Potential recruits often seek to know about a firm‘s CSR policy, ethical business practices so having a comprehensive policy can give an advantage in attracting best talent.
• Risk management: Managing risk is a central part of corporate strategy for many organisations. Reputation which takes decades to build up can be ruined through corruption, scams, scandals or environmental accidents. These can also draw undesired attention from regulators, government, court, & media. So, ethical culture should be promoted in the organization.
• Brand Differentiation: With increasing cut throat competition all the companies are striving for a unique selling proposition. That can distinguish them from the competitors in the minds of consumers. CSR can act as a catalyst in building customer loyalty based on distinctive ethical

Show More
Related

  • Ethical Theories

    659 Words  | 2 Pages

    Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.

    Read More

  • csr

    1954 Words  | 4 Pages

    Corporate social responsibility (CSR) invaded the corporate world over the last few decades. This concept has become an essential need for competitive advantage unlike its original role as a nicety. The companies have seen the business benefit of the initiative and stakeholders have appreciated the initiative. This has led to the wide application in the firm’s operational agenda.

    Read More

  • Apple Csc Case Study

    879 Words  | 2 Pages

    The topic of corporate social responsibility is play a key role to run a business and has become one of the standard business practices of our time. In current, most successful companies whether big or small enterprise for instance Apple, lnc. and Krotron has engaged in CSR because it is a good way for companies to benefit themselves while it also benefiting society. And in order to obtain benefits that can give them the advantage over their competitors.

    Read More

  • The Top Three Competitiors of the American Repertory Theater

    807 Words  | 2 Pages

    Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...

    Read More

  • The Social Impact Of Employees At Ben And Jerry's

    923 Words  | 2 Pages

    By implementing an effective social mission for their social responsibility, companies can use it to entice employees to stick with them, instead of finding a competitor with a better social mission. Business who neglect their emphasis on the social responsibility aspect of their company, will find it hard to keep younger employees from finding a more interactive company that will please the employee's desire to do more. Along with capturing employees with their charities, they also gather customers who are interested in their products and where the proceeds go. Companies like TOMS shoes, who devised a to make profit but to also help people who can’t. TOMS shoes created the One for One program where, with a purchase of an item from a certain department, help will be provided to a person in need.

    Read More

  • Corporate Social Responsibilities´ Campaigns

    923 Words  | 2 Pages

    CSR covers all economic, social and environmental aspects of a business’ day to day operations. Everything an organization does in some way interacts with one or more of its stakeholder groups, and companies today need to build like a watertight brand with respect to all stakeholders. Whether as an employer, producer, buyer, supplier, or investment, the attractiveness and success of a company today is directly linked to the strength of its brand. Also CSR affects all aspects of all operations within a corporation because of the need to consider the needs of all constituent groups. Each area builds on all the others to create a composite of the corporation in the eyes of all stakeholder groups.

    Read More

  • My Experience In Social Work

    1311 Words  | 3 Pages

    I obtained my Masters in Social Work (MSW) degree from India in the year 2006. As with most countries around the world, the emergence of social work in India was from charity aiming to eliminate poverty. Gradually it shifted from philanthropy to rights based approach and then to organized social work. Community organization surfaced as the most central method of social work practice along with practice of casework. Although social work is much more structured in nature now, it still operates along the conventional perspective of social work. Social work is not even recognized as a profession in India. An indicator of an occupation being publicly recognized as a profession is exhibited by

    Read More

  • Debra Lam's Speech Analysis

    579 Words  | 2 Pages

    I’ve always had that predominant perception that one can always rely on sympathy sales when running a Social Enterprise, “After all we are doing a good deed, society would see our hard efforts and lend us a hand won’t they?” That was my very own opinion towards running a Social Enterprise. Thankfully, this fallacy I had in my head was struck down by Debra’s sharing. I now understand that even though it is important for a Social Enterprise to be profit-orientated and to have a firm social cause to work in. We must not only take into consideration about the social mission that we are working towards but to also consider the consumers that we are serving to always ensure that we provide a service that is worthy enough to satisfy them to ensure that they will come back to bring business to us again.

    Read More

  • Building Social Business By Muhammad Yunus Summary

    2243 Words  | 5 Pages

    After reading the first two chapters of Building Social Business, I was moved. I was inspired. Yunus opened my eyes to another side of business, which in his words was selfless. And indeed it was selfless. Social business is truly selfless because it focuses on helping others and earning profit comes second. By reading this book and reflecting, I realized it is better to be part of the solution rather than be part of the problem. By looking at my community, at my environment, and at my experiences in life, there are problems that will need solutions and I firmly believe that having a social business is the solution. By my observation, slow public utilities, expensive medicine, and empowering marginalized sectors are problems that can be solved by putting up social businesses. By combining entrepreneurial mindset and experience, social awareness, and creativity, the ideal social business can be done. But what makes a social business truly a social business is the

    Read More

  • David Bornstein How To Change The World

    676 Words  | 2 Pages

    How to Change the World: Social Entrepreneurs and the Power of New Ideas was first published in 2003 and an updated edition was later on released in 2007. The book investigate what we define as social entrepreneur in the modern world. It also gives examples of ordinary people that formed organization centered on making a difference in the world. This book tells a lot of amazing stories about individuals, from the United States and other countries

    Read More

  • Article Review: The Importance Of Corporate Social Responsibility

    1093 Words  | 3 Pages

    A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed

    Read More

  • Essay On Corporate Social Responsibility

    1062 Words  | 3 Pages

    Corporate Social Responsibility (CSR) is a concept that means an organization has to consider the regard of the world by taking responsibility for the effects of their behaviour on customers, employees, shareholders, communities and the environment. This responsibility goes beyond the legal responsibility to comply with legislation and sees organizations taking steps to better the standard of life for employees and their families as well as for the local community and society at large. Social responsibility is a concept that has been of concern to organizations for many years. Over the last two decades, the level of concern has increased in the business world. This has resulted in growing interactions between government, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson, 1989) . This paper will discuss the concept of social responsibility, types of Corporate Social Responsibility and the benefits of having Social Responsibility.

    Read More

  • Role Of Corporate Social Responsibility In India

    904 Words  | 2 Pages

    In the rich cultural heritage of India since ages country has been known for charity and social duty which has changed its nature over the period of time, now charity has broadened its horizons and now it is popularly known as Corporate Social Responsibility. From the time of introduction of business in India social and environmental issues have penetrated deep roots in the culture of the country, since late 1800s India posses deeper roots practicing industrial welfare and corporate philanthropy clubbed with religious belief. When initially CSR was introduced in the Indian society very few philanthropic activities were documented, but with the realization of importance of philanthropic activities

    Read More

  • Social And Social Entrepreneurship

    1424 Words  | 3 Pages

    Social entrepreneurs drive social innovation and transformation in various fields including education, health, environment and enterprise development. They pursue poverty alleviation goals with entrepreneurial zeal, business methods and the courage to innovate and overcome traditional practices. A social entrepreneur, similar to a business entrepreneur, builds strong and sustainable organizations, which are either set up as not-for-profits or companies.

    Read More

  • Importance Of Corporate Social Responsibility

    1000 Words  | 2 Pages

    It is important to understand the importance of corporate social responsibilities. If Corporate Social Responsibility is properly maintained and emphasized by companies, it can benefit the society, economy and corporate sustainability. It can also be cost efficient to companies. also the environment . But above all effect (CSR) varies companies to companies. Where some corporates seem to make all sorts of benefits from their coporate social responsibilities but few of them are also having loss by trying to maintain CSR without properly evaluating their resources. (Porter and Kramer 2006) has said The inferences where corporates need to evaluate their CSR actions to figure out if they add

    Read More

More about Pros And Cons Of Social Entrepreneurship

Open Document