- Ayd Asraf
Corporate Senior IT Executive - Release Team, Aramex International
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.
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 :