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Social Enterprise: Definition
From "Achieving Sustainability: Visions, Principles, and Practices"
According to Gregory Dees, social entrepreneurs play the role of change agents in the social sector through five actions: 1) Adopting a mission to create and sustain social value, 2) Recognizing and relentlessly pursuing new opportunities to serve that mission, 3) Engaging in a process of continuous innovation, adaptation, and learning, 4) Acting boldly without being limited by resources currently in hand, and 5) Exhibiting heightened accountability to the constituencies served and for the outcomes created.
From "Berkshire Encyclopedia of Sustainability"
Social entrepreneurs pursue both social and environmental objectives in addition to economic returns on business investments. The resulting social enterprises are not limited to nonprofit businesses; in fact current emphasis is placed on the involvement of the public and private sectors as well. Underdeveloped countries often are ready markets for these social enterprises.
Books from our Collection
Social Enterprise in LA
Homeboy Industries provides hope, training, and support to formerly gang-involved and previously incarcerated men and women allowing them to redirect their lives and become contributing members of our community.
Books from our Collection: International
Achenyo Idachaba: How I Turned a Deadly Plant into a Thriving Business
The water hyacinth may look like a harmless, even beautiful flowering plant — but it's actually an invasive aquatic weed that clogs waterways, stopping trade, interrupting schooling and disrupting everyday life. In this scourge, green entrepreneur Achenyo Idachaba saw opportunity. Follow her journey as she turns weeds into woven wonders.
Asher Hasan: My Message of Peace from Pakistan
TED Fellow Asher Hasan's social enterprise Naya Jeevan (the name means "new life" in Urdu and Hindi) is the emerging world's first HMO for the urban, working poor. He shows photos of ordinary Pakistanis that drive home a profound message for citizens of all nations: look beyond disputes, and see the humanity we share.
Audrey Choi: How to Make a Profit While Making a Difference
Can global capital markets become catalysts for social change? According to investment expert Audrey Choi, individuals own almost half of all global capital, giving them (us!) the power to make a difference by investing in companies that champion social values and sustainability. "We have more opportunity today than ever before to make choices," she says. "So change your perspective. Invest in the change you want to see in the world."
Dan Pallotta: The Way We Think of Charity is Dead Wrong
Activist and fundraiser Dan Pallotta calls out the double standard that drives our broken relationship to charities. Too many nonprofits, he says, are rewarded for how little they spend — not for what they get done. Instead of equating frugality with morality, he asks us to start rewarding charities for their big goals and big accomplishments (even if that comes with big expenses). In this bold talk, he says: Let's change the way we think about changing the world.
Geoff Mulgan: Post-crash, Investing in a Better World
As we reboot the world's economy, Geoff Mulgan poses a question: Instead of sending bailout money to doomed old industries, why not use stimulus funds to bootstrap some new, socially responsible companies — and make the world a little bit better?
Jane Chen: A Warm Embrace that Saves Lives
In the developing world, access to incubators is limited by cost and distance, and millions of premature babies die each year. TED Fellow Jane Chen shows an invention that could keep millions of these infants warm — a design that's safe, portable, low-cost and life-saving.
Jessica Jackley: Poverty, Money - and Love
What do you think of people in poverty? Maybe what Jessica Jackley once did: "they" need "our" help, in the form of a few coins in a jar. The co-founder of Kiva.org talks about how her attitude changed — and how her work with microloans has brought new power to people who live on a few dollars a day.
Toby Eccles: Invest in Social Change
Here's a stat worth knowing: In the UK, 63% of men who finish short-term prison sentences are back inside within a year for another crime. Helping them stay outside involves job training, classes, therapy. And it would pay off handsomely — but the government can't find the funds. Toby Eccles shares an imaginative idea for how to change that: the Social Impact Bond. It's an unusual bond that helps fund initiatives with a social goal through private money — with the government paying back the investors (with interest) if the initiatives work.