"Visions of World Benefit & Global Responsibility: Perspectives of McGill Students

Thursday, July 26, 2007

Social Entrepreneurship

Social entrepreneurship is starting a business to generate a social change which one feels strongly about. Success is measured, not as profit, but as the effect the business has on society. The term emerged in the 1960s in discourses about social change, and was promoted from then on by independent believers. Anyone feeling socially responsible or wanting to transform society can become a social entrepreneur.
In the 21st century, leaders are aware of global problems such as inequality of wealth, inequality of the sexes, war, etc. Corporations are powerful and successful organizations, though not from a social point of view. Social entrepreneurs, however, create organizations which are responsible, engaging in social change, while still being economically viable. This is a completely different philosophy, thinking in long-term, in a non ego-centric way, and leading towards a more equal, peaceful, generally better quality life for all.
If possible, organizations should shift from a business entrepreneurship vision towards a social entrepreneurship one, prioritizing a heartfelt social issue over profit. Individually, but also as a society, everyone benefits from this transformation, since fundamentally, the same aspirations are shared by all as we are working together towards the same goal. However in social entrepreneurship, it is individuals who set the plan into action and take a step to make those changes happen, who take it upon them to become leaders and make a difference for all of us.

No comments: