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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 21 2012: The purpose of a business is to serve their customer. The profits are a byproduct of this as the customer does not care if the business makes money they only care if their needs are filled.

    The image of big evil business is a myth. Yes all business' are "social entrepreneurs" with one exception, crony capitalists.
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      Jul 21 2012: Your point of view is valid, but if we looked it the real way, do really our business entrepreneurs give the needed care to the society issues and address them with their products? and nowadays i wont depend on the customer to know if there is a need that is being correctly addressed, as they put money in products that are more of luxury than it satisfies basic needs demanded by the socity.
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        Jul 21 2012: What do you mean by "we looked it the real way"?

        If the business did not "give the needed care to the society" why would the customer buy the product?

        "i wont depend on the customer to know if there is a need that is being correctly addressed" Who are you going to use then?

        "as they put money in products that are more of luxury than it satisfies basic needs demanded by the socity." Who determines if it should be purchased or not?
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          Jul 21 2012: Great questions that you just asked, i will have a deep thought in them, while overlooking the whole debate.
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        Jul 26 2012: Haven't answered the questions in 4 days? Just another glib comment?
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          Jul 26 2012: Sorry my bad, Thanks for the reminder :D

          -- what do you mean by "we looked it the real way"?
          i mean inspecting what is going on in the reality, specially in the development countries markers.

          --If the business did not "give the needed care to the society" why would the customer buy the product?
          Because customers started to get lost with their needs, and i am taking here mostly about the development nations as i am so near to their reality, most of customers just buy because they like what they buy, nevertheless around 70% of bough products are either totally not needed, or way over the need (preferring luxury over the one that satisfies the need )

          -- "i wont depend on the customer to know if there is a need that is being correctly addressed" Who are you going to use then?
          I would depend on society needs not customer need, as i define the need that the business should cover that is something demanded by the society in general not a person or specific group of people, maybe it's not the right way to look at it from business perspective at least since as of business theory you should segment you customers, find their needs and fulfill them, but i see that those type of needs mostly doesn't represent a society needs.

          --"as they put money in products that are more of luxury than it satisfies basic needs demanded by the socity." Who determines if it should be purchased or not?
          The customer should, but i tried to point here that i believe there is some kind of immaturity in the consumers behaviors, even though i am not in a position to confirm or deny this, it's just point of view i had upon some inspection in some local markets.
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        Jul 26 2012: Regarding your second paragraph the customer knows his needs and wants better than anyone else to think otherwise is bazaar and a sure fire recipe for failure.

        Regarding your third paragraph the customer knows his needs and wants better than anyone else to think otherwise is bazaar and a sure fire recipe for failure.

        Regarding your fourth paragraph the customer knows his needs and wants better than anyone else to think otherwise is bazaar and a sure fire recipe for failure.
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          Jul 26 2012: Then i have to admit that i used to have an inception that was totally bazaar and could led to failures, so i need to make my knowledge more mature. i would appreciate if you could provide me with some articles, references, or books that will guide me to the correct path regarding satisfying customers needs.

          Patt i deeply admire your way of positive and solid criticism and would always love to see you in all of my conversations and comments, please accept all my respect.
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        Jul 26 2012: My advise would be find out who is making money in your area and study further what they are doing. The key to business is to find out what people want, this requires looking.

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