Mentor/s
Professor Jennifer Trudeau Professor David Thomson
Participation Type
Paper Talk
Abstract
The United Nations released the Sustainable Development Agenda in 2015, challenging governments, nongovernmental organizations (NGOs) and businesses to eliminate poverty, hunger and inequalities and promote sustainable cities, infrastructure and clean energy (United Nations, n.d.). While the achievement of these goals will not reduce all hardships in the world, the initiative demonstrates the necessity of promoting social value sustainably on a global scale. Unfortunately, traditional models of aide (NGOs, governments, and businesses) are only contributing to incremental progress (Porter, 2013), so the issues of the past century are still widespread. To make quick, sustainable progress towards social issues, it is imperative to utilize a new model of aide.
Social entrepreneurship is a new method of promoting social value more effectively than traditional forms of aide. Combining the profit-seeking disciplines of business and the altruistic motivations of philanthropists, social entrepreneurs create shared value, or the combination of social value and economic value (Porter, 2013). Social entrepreneurs’ abilities to both generate and distribute wealth using one model enables scalable solutions to social issues. The philanthropic and business benefits of social entrepreneurship demonstrate the emergence of a new business model, one that can only be powered by the support of consumers and governmental aide.
College and Major available
Management, Marketing
Location
Digital Commons
Start Day/Time
4-24-2020 2:00 PM
End Day/Time
4-24-2020 4:00 PM
Prize Categories
Most Scholarly Impact or Potential, Best Writing (formerly called the Writing Across the Curriculum prize; the final submission date to be considered for this award is Apr 1), Most Meaningful
Understanding Social Entrepreneurship: How the Use of Business Disciplines Can Help Social Justice Efforts
Digital Commons
The United Nations released the Sustainable Development Agenda in 2015, challenging governments, nongovernmental organizations (NGOs) and businesses to eliminate poverty, hunger and inequalities and promote sustainable cities, infrastructure and clean energy (United Nations, n.d.). While the achievement of these goals will not reduce all hardships in the world, the initiative demonstrates the necessity of promoting social value sustainably on a global scale. Unfortunately, traditional models of aide (NGOs, governments, and businesses) are only contributing to incremental progress (Porter, 2013), so the issues of the past century are still widespread. To make quick, sustainable progress towards social issues, it is imperative to utilize a new model of aide.
Social entrepreneurship is a new method of promoting social value more effectively than traditional forms of aide. Combining the profit-seeking disciplines of business and the altruistic motivations of philanthropists, social entrepreneurs create shared value, or the combination of social value and economic value (Porter, 2013). Social entrepreneurs’ abilities to both generate and distribute wealth using one model enables scalable solutions to social issues. The philanthropic and business benefits of social entrepreneurship demonstrate the emergence of a new business model, one that can only be powered by the support of consumers and governmental aide.
Students' Information
Daniel Marino, Marketing and Management Double Major Honors Student. Class of 2020.
Honorable Mention, Most Meaningful 2020 award. Honorable Mention, Dean's Prize: Welch College of Business and Technology.