Social Entrepreneurship Revisited
Social entrepreneurship is one of the most alluring terms on the problem-solving landscape today. The question is not whether social entrepreneurship is a term in
good currency, but what it actually means.
Social entrepreneurship is one of the most alluring terms on the problem-solving landscape today. The question is not whether social entrepreneurship is a term in
good currency, but what it actually means.
Companies can indeed make money while operating in socially responsible and environmentally friendly ways. It just takes what supply chain expert Hau Lee calls the Triple-A approach—having agility, adaptability, and alignment. Closing the Stanford 2008 Responsible Supply Chains Conference, Lee describes how small to mid-sized companies in China, India, and Israel boosted profits while shrinking waste and pollution and providing a fair workplace for employees.
Not a week goes by without a product safety incident splashed across the headlines. As companies face increasing layers of suppliers, the task of monitoring the many links in the chain becomes a formidable challenge. The situation is particularly troubling for social entrepreneurs, who are especially vulnerable. In this panel discussion from the 2008 Responsible Supply Chains Conference, executives who have experienced product safety challenges share what they have done to address these challenges head on.
The White House is about to announce the creation of the Office of Social Innovation.
How can an innovative player in social entrepreneurship enable her exciting new idea to fulfill her dream of changing the world? This panel discussion of successful innovators examines the challenges of replicating and scaling ideas into massive realities of social change. Experts share their varied experience in identifying the important considerations that can grow a successful neighborhood social program into a global social venture.
Social entrepreneurship is attracting growing amounts of talent, money, and attention, but along with its increasing popularity has come less certainty about what exactly a social entrepreneur is and does.
By working closely with the clients and consumers, design thinking allows high-impact solutions to social problems to bubble up from below rather than being imposed from the top.
Fair Trade-certified coffee is growing in sales, but strict certification requirements are resulting in uneven economic advantages for coffee growers and lower quality coffee for consumers.
Social entrepreneurship and social enterprise have become popular and positive rallying points for those trying to improve the world, but social innovation is a better vehicle for understanding and creating social change in all of its manifestations.
Understanding these six important differences will both facilitate better conversations and help channel funds appropriately.