Jose Lorenzo R. Quiason 4TE3 Book Review A social enterprise is an entrepreneurial, non-profit project that generates revenues and serves a social cause. It is a social value-creating activity implemented through innovative and resourceful approaches. Social entrepreneurs seek to create social value because they have identified a problem in society that they want to solve. Social entrepreneurs are risk takers. They are willing to take reasonable risk on behalf of the people the organization aims to serve. They understand that new opportunities arise in the changes in the government and the industry. The social and financial return of their investments are always weighed so that they true to their social mission. Social entrepreneurs have …show more content…
Their financial goal is to sustain the longevity of its operations by distributing profits equally among its stakeholders. The stakeholders of a social enterprise are usually a group of people or a community in the marginalized sector of society. These include the Persons with disabilities (PWDs), ethnic groups, and the urban poor communities. On the other hand, commercial enterprises focus on commercializing social value through innovation. Its financial goal is profit …show more content…
It is the change we seek that will improve the conditions around the current situation. For example, a farming community in heart of Mountain Province is routinely affected by dengue outbreaks during the rainy season. We can improve living conditions in the community if we educate them about the mosquitos and provide them medicine. Defining performance metrics for these can be a challenge. Simply put, social outcomes are the goals that you want to achieve. Social outcomes are required to be measured in order to define the positive impact of funders and the general public. Organizations that focus on pro-environment advocacies measure social impact for investors and partnerships with the Local Government Units (LGUs) assigned to the designated area. Businesses measure impact to understand the degree of environmental impact due to their operations, and how they can meet environmental, social, and reporting standards. Local contexts might differ from each other, perhaps mirroring the global challenges we currently face today. Disease and lack of access to proper healthcare can be interpreted in many different ways. The seasonal Dengue outbreaks that Mountain Province face may be compared to the perennial problem of Malaria outbreaks in South Africa. The author stresses that organizations conduct thorough research not just on global
Perspective Stakeholders in health and social care can be referred to a person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organizations actions, objectives, and policies. Some examples of key stakeholders in health and social care are inspecting bodies, managers, employers, government and its agencies, owners of care services, owners of local businesses, suppliers, trade unions, service users, and the community which the organization serves. For example, a local health and well-being strategy may be developed by;
There are slow adoption rates for internal corporate social networks for many reasons. Although management and organization plays a role, the technology factor is the main reasons why employees are refusing to use these internal networks. With the rate at which technology is becoming more and more advanced, social networking systems are constantly updating their software and user interface (Laudon & Laudon, 2013). This mean that employees who are used to traditional forms of networking such as email, have to take the time to learn new systems and keep up with more social networking than they would like. In the eyes of the employee, using traditional forms of networking is simply more efficient. In order to make these internal social networking programs work, companies need to make more user friendly and easily manageable sites (Altman, 2015). Management also plays a part in the slow adoption rates. Managers need to provide more incentive for employees to use these networks aside from basic social interaction. For example, instead of sending memo’s via email, or other traditional forms of communication, slowly veer employees to seek memos on the company’s social networking site. Making strides like this will give employees more incentive to at least use the sites more often and participate in discussions and posts related to the business. This will allow employees to explore the sites and discover other useful features that might help improve productivity within the office. Organization of the sites could also be greatly approved. Many companies try to mimic other popular social networking sites, this however, may not be a viable solution. Instead, IT personnel should format th...
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit society.... ...
Hence, the stakeholders which are described as those who are affected by the organisation performance ,actions and duties and those actions includes employees, clients, local community and investors as well. The theory of stakeholders also suggests that it is the responsibility of firm to make sure no rights of stakeholders are dishonoured and make decisions in the interest of stakeholders which is also the purpose of stakeholder theory to make more profit and balancing it while considering its stakeholders (Freeman 2008 pp. 162-165). In the other words organisation must also operates in a more socially accountable approach by carrying out corporate social responsibility as (CSR) activities.
Government support for social economy entities is recognized in European Union, Brazil and Argentina. While in countries of Africa and Asia support is built by the citizens forums and networks on sustainable development and by United Nations agencies. Among policy themes on social enterprises are: improving access to financial resources; research for increasing understanding and visibility; capacity building; ac¬cess to public procurement.
Stakeholders and stockholders are a group of individuals that can affect the company and also are affected by the company. In order to be a successful company needs to maintain their investor’s confidence. Stockholders are also able to develop value for the customer because they invest on ideas that will produce success for the company. Stakeholders are all the individuals that have an interest in the company such as employees, customers, and the surrounding community.
Hughes, R. 1998. Environmental Impact Assessment and Stakeholder Involvement. International Institute for Environment And Development. Environmental Planning Issues No. 11
Social enterprise is an organization with a clear social mission that aim to financially self-sufficient. Most of its revenue come from the primary activity of trading goods or services. Social businesses should realize who their target market is, what goods or services they should trade, why it is important in the environment, and how their strategy can accomplish their objectives. Commercial approach is important for social businesses to meet their target market needs, also maximize profit for social returns.
Entrepreneurship for social change: Is the U.S. doing enough to encourage and support sustainable social innovation?
In the words of Janie Lewis “We have a social responsibility, a constitutional opportunity and a moral obligation to help others”(EnkiQuotes, 2017). As the quote suggests, it is our law-abiding responsibility to take care of the society by helping each other in tough situations and make the world a better place to live.Social Responsibility is a behavioral responsibility in which individuals are responsible for consummating their ethical duties which would benefit the society and make a balance between the social welfare of the environment and economic growth(Anon, 2017). As talking about Social Responsibility in a student’s life, the life of a students is not only about scoring marks and passing the examinations but also, they should be willing to be socially active and serve the society. The Universities play a great role in preparing the students to be socially responsible and make them contribute to the society.There are many thing which a student should keep track of such as maintain a stimulating environment, healthy eating and so many more. This question is drawing too much attention as it
Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders.
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. Rather than leaving societal needs to the government or business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions. ust as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.
Social enterprise in last decade has been in core and certainly has shown great potential in becoming the next big thing. Its advocates put forward an aspiring plan of generating jobs, offering training programs and evolving local services in areas of serious and long-standing deficiency, while holding on the prospect of self generating income business model rather than relying of government aid or other grant. (Dees, 1998) What does social entrepreneurship really mean? What does it take to be a social entrepreneur? ‘Social entrepreneurs are not content just to give a fish, or teach how to fish. They will not rest until they have revolutionized the fishing industry.’ Bill Drayton, Ashoka
The 7th goal of the millennium development goals by the United Nations is to ensure environmental sustainability (United Nations, 2012). This includes reducing deforestation, increasing access to clean water sources, decreasing greenhouse gas emissions, and creating and enforcing policies which aim to ...
Fourth, social entrepreneurs are a type of innovators who focus on creating products and services that solve the social need and problems. Some social enterprise have a goal to make the world a better place.They could be non-profit or hybrid (Blank, 2011). The definition of the social entrepreneur is debatable. Some authors argued social entrepreneurs could make a profit and increase their profit, but the characters of the products should have a social intention, such as green products. On the other hand, some development institution argued the social entrepreneurs should not profit oriented. Moreover, in 2015, ACUMEN reported there was 112 non-profit enterprise that owned by female out of 821 female enterprises data sample.