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Ayd Asraf

Corporate Senior IT Executive - Release Team, Aramex International

TEDCRED 30+

This conversation is closed.

Which is better social entrepreneurship or business entrepreneurship ? Are all entrepreneurial endeavors truly social at the core?

For social entrepreneurs, the bottom line is to maximize some form of social impact, usually by addressing an urgent need that is being mishandled, over-looked, or ignored by other institutions. For business entrepreneurs, the bottom line may be to maximize profits or shareholder wealth, or to build an ongoing, respected entity that provides value to customers and meaningful work to employees.Some researchers argue that there is little use in making distinctions and that all entrepreneurs should be considered social entrepreneurs because they generate employments and meet needs.

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Closing Statement from Ayd Asraf

I would love to thank everyone whom added to this sweet conversation, it has been very useful and building one, and i guess me and each commenter has something added to his thoughts.

let me sum-up major points here that were added by TED community people whom participated in this debate conversation:

1. Business should always server it's customer, and if not then failure is certainly will happen, there is no big evil theory in business, as long as you provide customers with products they need and purchase it means you are adding some value to the community 7 considered to be "social" in the core.

2. The subjective of terms "better, goals & mission" is something that prevent us from having the final thought about this debate as what looks better from someone's perspective , can be considered evil in other's perspectives.

3. There was some different thoughts about " The fundamental reason for a business is to serve the customer if it does not it does not have sales. All business benefits society."

4. "Business entrepreneurs will - generally - walk miles ahead of their social counterparts because of the efficiency inherent in a profit-oriented enterprise. Like it or not, social entrepreneurship has not come of age yet! "

5."we should take every approach to solve our outstanding problems and take note of the outcomes, eliminating the ones that do not work and transferring all resources to the ones which are making progress. Thus while it appears, that business entrepreneruship is most likely to win the day, we should rather not rely solely on it. Competition to get to the bottom of problems seems like the right path (s)".

6. Finally i would deeply reccomend checking some work done by " Michael Porter", to have a wider look into this, you may follow the following links :
http://www.hbs.edu/centennial/businesssummit/market-capitalism/the-future-of-market-capitalism-panel.html
http://bit.ly/haKReH

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    Jul 25 2012: Which is better? Business entrepreneurs will - generally - walk miles ahead of their social counterparts because of the efficiency inherent in a profit-oriented enterprise. Like it or not, social entrepreneurship has not come of age yet! This talk about impact assessment itself is so vague and flawed.
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      Jul 26 2012: we cannot deny the fact that business entrepreneurs - in general - has a way more mature know-how, and a more stable & sustainable models, but also we cannot deny that social entrepreneurs did a distributive wave within the markets, and become a very active topic, and also we cannot deny that it made an impact on the business entrepreneurs, as we started to see a new tab in most of the profit based companies titled "community responsibility", this means that social entrepreneurs at some point managed to make a threat - even if it's minor - to the profit only based models, making them consider the social part. and yet i cannot disagree that the debate by itself is vague and has annoyed many of the business researches as it has no sharp answer, but though it still generates many ideas and shows very different point of views which is by itself very useful and amazing. Thanks Wali for sharing us your thoughts!

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