Worldwide integration, competitive pressure, and probe for productivity have been a main driver for change in today’s business world. Different activities of people in the business world have led to many problems and interest within business cycle. Several companies used Corporate Social Responsibility (CSR), Philanthropy or Charity, and Corporate Social Value (CSV) as frameworks to consider the interest of all stakeholders in the business industry. Countless of people desired to change the word, to be a better place for people. Changing the world is not an easy work. It requires so much time and effort for it to be done more so it is difficult to achieve. It is similar to writing a story. Many people tried to do, but only a few accomplish their goals, and less succeeds in doing something that received recognition.
In this intriguing book, the authors, portray and share an overview on how social entrepreneurs point out systems that exist in a secure but biased equilibrium and transform them into completely different, superior, and sustainable stability. Moreover, a lot of stories about different social entrepreneurs who have transformed, and are transforming, the world for the better have been shared in the book.
Social Entrepreneurship has become kind of most used word for any business that promoted social change or any framework or setup whose enterprise has a supplementary benefit to social good. Being the term is overused and ill-defined, yet, it can be difficult to
“Even as a child, I enjoyed comeback stories where people overcame adversity and against all odds achieved what they sought. I was always rooting for the underdog. The greater the challenge, the more I liked the story. However, I could not fathom that one-day, I would be the fallen one trying to claw my way back.” Jorge Newberry began enterprising at the age of seven, dropped out of high school at sixteen becoming an enterprising entrepreneur as he rose to the top building a vast financial empire.
During the end of nineteenth century and the beginning of twentieth, America developed fast even passed over the Great Britain and France, those classic capitalism countries. What caused America became powerful at that time? The social economy and natural geographic location. These two elements interact each other. Social economy included the social system, political system, industrial development and every economic environment.
Annotated Bibliography Bakshi, M. (Producer), & Miller, B. (Director). (2011). Moneyball [Motion Picture]. United States .
Firstly, commercialization may bring a sustainable financial income to maintain their social work and organization management through businesses. They are able to get rid of the financial control from donors and become self -reliant. ‘Empowerment’ and ‘self-reliance’, the two notions that most of the past and current NGOs refer to, are more likely to be achieved through commercialization.
Receiving daily backlash, my mother concerned herself not with what others thought but how she was going to accomplish her dream. “Every day of mourning was one day less of accomplishing my dream,” my mother proudly declared. When my mother was in China, she faced obstacles day after day, yet she propelled through them all by working over 60 hour a week on rice crops. Like my mother, I want to go beyond social boundaries and do something that’s viewed as atypical. Unlike my mother’s dream, my dream is to become an entrepreneur whose sole purpose is not for money, but rather for people.
Ethical and Socially Responsive Business Bruce Carter Principles of Management – MGMT 3101 Dr. Yolanda Ogletree January 24, 2018 As legally required The Cheesecake Factory Incorporated has a Code of Ethics and Code of Code of Business Conduct. The Code of Ethics and Code of Business Conduct assures compliance with the Sarbanes – Oxley Act for companies whose stock is publicly traded. The Code of Ethics and Code of Business Conduct also assures the success of The Cheesecake Factory Incorporated. The implementation of the Code of Ethics and Code of Business Conduct is pertinent to being an ethically and socially responsive business. There are many key significant areas of the Code of Ethics and Code of Business Conduct.
Social responsibility of business has been a debated topic for years. The ideas of different businessmen have had effects on the direction of business in this period. This essay analyses two texts, which have Milton Friedman’s arguments about social responsibility of business and John Friedman’s ideas about Milton Friedman’s, by comparison and contrast method and includes this writer’s evaluation. Milton Friedman’s text is about the effects of the name of social responsibility on a private property system including executives, stockholders, employees and customers. He gives us some assumptions and examples of their potential results and impacts on corporations to express his ideas clearly.
According to Tingchi Liu et.al (2014), the disadvantages of corporate social responsibility in the company are associated to the world’s development in order to save society from the environmental and economic issues. It is examined that NGO’s and government co-operation produce the better ways to solve corporate social responsibility issues and put the pressure on Tesco in order to integrate its CSR objectives and initiatives. Another disadvantage of CSR is a new policy that has been implemented by the company in order to take part in something new for the business. It can be said that CSR policies of the company have to pay for new training for staff, invest in effective waste systems with new marketing and new technology strategies. According to Vazquez-Carrasco and Lopez-Perez (2013), the stakeholder’s expectations are one of the disadvantages for the company because of the investment of them in the business.
3.1. Corporate Social Responsibility Study on CSR is element of the derivation of business-based peace building. At the Initial stage, CSR generally focused on environmental degradations, human rights and labor concerns, but the concept was expanded to incorporate society and the dynamics of conflicts in general. This transformation manifested by the hard work of several NGOs and at present the recognized vision on CSR is that MNCs should look beyond their economic and legal responsibilities and employ approaches that benefits society and especially host communities. The expansion of CSR was reinforced with a joint effort of UN and a number of MNCs, when they formed the Global Compact.
Involved in CSR activities are proven to create good image and reputation for a company. In the long run, it helps a company to increase shareholders’ value and achieve sustainable business
Being socially responsible is the idea that businesses should balance profit-making activities with activities that balance benefit society; it involves developing businesses with a positive relationship to the society which they operate. Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty but the actions of an individual must benefit the whole of society. Social and civic responsibility should be an automatic thing that should come to people’s minds when trying to improve society. The main concept of social responsibility is that every individual, has to perform so as to maintain a balance between the economy and the ecosystems.
The book was published on 2011. It was written by Eve Blossom, a designer who owns Lulan Artisans. It is a business that partners itself with cooperatives. Aside from Lulan Artisans, the book also mentions different entrepreneurs who may not be all managing social businesses, however, they operate with a clear social vision in mind. Eve Blossom has a background in architecture, design, business development, and marketing.
The work and vision of entrepreneurs and small business startups are one of the biggest drivers of economic growth in the United States. This economic growth is driven through the entrepreneurs’ creation of new businesses, which creates new jobs, technology, innovation and processes (Acs, 2006). The entrepreneur takes advantage of disequilibrium in the market by creatively taking advantage of the gaps between what the market currently offers and what
CSR plays an important role in world of business as it implies to do well by doing good. A large number of multinational units have set global standards, in which same technology is used throughout the world. This helps to create a strategic advantage as well as also serves to elevate the technological expectations. The CSR initiatives not only help in creating awareness and education, but it also helps in ensuring the growth of middle class people. Some of the companies make use of it by expansion of their consumer base in rural as well as urban areas.
Entrepreneurship in the Philippines is currently booming and one of the best things a person can do today is start taking action in putting up its own business or acquiring a franchise (Louren, 2017). Entrepreneurship is a state of mind. It is not identified or measured with the type of business a person is in the success of that business but rather it is the total way of life for entrepreneurs. Being an entrepreneur requires distinct personality traits such as having a risk-taking personality, need for achievement, internal focus of control, tolerance for ambiguity and having a type A behavior or striving to achieve more in less time and general competitiveness (Gilles and Mondejar, 2008). Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit” (www.businessdictionary.com).