First and Last Name/s of Presenters

Daniel MarinoFollow

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

Course Name and Number, Professor Name

HN-300 Professor Thomson and Professor Trudeau

Location

Digital Commons

Start Day/Time

4-24-2020 2:00 PM

End Day/Time

4-24-2020 4:00 PM

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.

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Apr 24th, 2:00 PM Apr 24th, 4:00 PM

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.

 

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