Social Entrepreneurship: Generating Solutions To Global Challenges

2011 ◽  
Vol 15 (1) ◽  
Author(s):  
Hany H. Makhlouf
Keyword(s):  
Business Model ◽  
Social Entrepreneurship ◽  
The United States ◽  
Social Enterprises ◽  
Grameen Bank ◽  
Sustainable Solutions ◽  
Market Expansion ◽  
New Business ◽  
Societal Problems ◽  
The Impact

Social entrepreneurship is not new, but has gained greater visibility and recognition in recent years due to its growing worldwide impact.  As in the case of business entrepreneurship, social entrepreneurship starts with an entrepreneur who has a novel idea, an innovative product or service, a creative approach to solving a perceived problem, a new business model, and/or a previously untried approach to product or service delivery. However, social entrepreneurship differs from business entrepreneurship because it is after sustainable solutions to societal problems and aims at social change rather than market expansion. It is, therefore, seen more as an agent of change than a profit-seeking enterprise.  This paper explores the characteristics of social entrepreneurship, and the factors that make a difference in its success or failure. It also sheds some light on what a social entrepreneurship is and what it is not. Finally, it examines the missions and contributions of six successful social entrepreneurships: The Grameen Bank of Bangladesh, ADAPT of Egypt, BRAC of Bangladesh, Instituto de Pesquisas Ecologicas of Brazil,  the Aravind Eye Care Hospitals  of India, and Televerde’s Prison Call Centers of the United States. The impact of the first four has spread beyond their countries of origin, either through the geographic expansion of their operations or the application of the same concept or business model by social enterprises in other countries.

scholarly journals Assessment of the impact of COVID-19 on the development of small and medium-sized businesses

KANT ◽  
2020 ◽  
Vol 37 (4) ◽  
pp. 15-19
Author(s):  
Erik Avanesian
Keyword(s):  
United States ◽  
Real Estate ◽  
Business Model ◽  
The United States ◽  
Government Procurement ◽  
Financial Situation ◽  
New Business ◽  
The Cost ◽  
Taxation System ◽  
The Impact

The article discusses the specifics of the functioning of small and medium-sized enterprises in the context of the impact of the coronavirus pandemic. Analyzed the priority measures to support enterprises and organizations by the governments of European countries and the United States related to the COVID-19 pandemic. Own vision of the impact of the COVID-19 pandemic on the development of small and medium-sized businesses was proposed. The key measures have been identified that can improve the financial situation of small and medium-sized businesses after their release from quarantine: restructuring of debts and loans; postponement or discount in payment for rent of real estate; simplified taxation system to reduce the tax burden; reduction or temporary leave without payment of certain categories of personnel; restrictions on hiring new staff; compensation for the cost of the work of consultants who help the company find a new business model and not close; support for businesses moving online (benefits, direct assistance); government procurement to support small and medium-sized businesses.

THE IMPACT OF DECENTRALIZATION ON THE DEVELOPMENT OF ENTREPRENEURSHIP IN UKRAINE

2017 ◽  
Author(s):  
Lyudmyla Mishchenko ◽  
◽  
Dmytro Mishchenko ◽  
Keyword(s):  
Social Entrepreneurship ◽  
Local Governments ◽  
Poverty Reduction ◽  
Social Protection ◽  
Local Community ◽  
Well Being ◽  
Economic Incentives ◽  
Social Enterprises ◽  
Infrastructural Support ◽  
The Impact

The actualization of the results of financial decentralization in Ukraine as part of the reform of decentralization of power and the development of proposals for its improvement is explained by the fact that a clear division of functions, powers and financial resources between national and regional levels is the basis for the well-being of our citizens. opportunities for its sustainable socio- economic development on a democratic basis. It is noted that financial decentralization is a process of giving authority to mobilize revenues and expenditures of local governments in order to increase the effectiveness of the implementation of these powers and better management of community budgets. It is established that unlike traditional entrepreneurship, which focuses on profit generation, the purpose of social entrepreneurship is to create and accumulate social capital. Abroad, social enterprises operate successfully in the fields of education, the environment, human rights, poverty reduction and health care, and their development and dissemination is one way to improve the living conditions of citizens. A similar mission is entrusted to local governments, which allows us to consider the revival of social entrepreneurship as an important element in improving self-government policy. It is determined that in modern conditions social entrepreneurship is one of the tools to ensure the ability of the local community to provide its members with an appropriate level of education, culture, health, housing and communal services, social protection, etc., as well as plan and implement programs efficient use of available natural and human resources, investment and infrastructural support of territorial communities. Due to financial decentralization, local governments have received additional resources that can be used to create economic incentives to promote social entrepreneurship in small and medium-sized businesses at the community level.

Analysis of the Impact of COVID-19 on the Current Farmer’s Market Business Model and Research on its Transformation in Smoke-Free Environment

2021 ◽  
Vol 7 (5) ◽  
pp. 921-932
Author(s):  
Zhang Jia ◽  
Xu Hui ◽  
Zeng Zhi ◽  
Yu Jingjing
Keyword(s):  
Business Model ◽  
Main Direction ◽  
Business Model Canvas ◽  
The Future ◽  
New Business ◽  
Free Environment ◽  
The Impact

Objectives: The ban on smoking creates a good smoke-free environment for the traditional farmer’s market. However,the suddenly spread COVID-19 has greatly impacted the business model of the traditional smoke-free farmer’s market.Methods: In order to realize the effective transformation of the current farmer’s market, this paper uses the business model canvas of Osterwalder and Pigneur to compare and analyze the traditional smoke-free farmer’s market and the smart farmer’s market. Results:The study found that the new business model promoted by “Smart Farmer” can effectively solve the difficulties and problems faced by the current farmer’s market. Conclusions:On the basis of this research, this paper puts forward the main direction of the future transformation of the farmer’s market business model, in order to provide a theoretical and practical basis for the intellectualized reconstruction of farmer’s market in China.

scholarly journals Time for a new business model?

1969 ◽  
Vol 16 (1) ◽  
Author(s):  
Yali Friedman
Keyword(s):  
Business Model ◽  
Hybrid Model ◽  
Business Models ◽  
The United States ◽  
Biotechnology Industry ◽  
New Firms ◽  
Technology Platform ◽  
Economic Climate ◽  
New Business ◽  
Biotechnology Companies

In the relatively short history of the biotechnology industry, new business models have emerged every few years. Some have been little more than short-lived marketing or investment-attraction devices, whereas others have had endured as viable options. Given the dramatic changes in the economic climate and potentially the regulations affecting biotechnology, is it time for a new business model?A SHORT HISTORYFirst there was the FILCO, or fully integrated life science company, business model. This model, employed by some of the first biotechnology companies, positioned firms to capture the revolutionary advances of biotechnology and to build large vertically-integrated companies. Companies like Amgen and Genentech were able to fulfill this endpoint, but many other companies were not so fortunate. Another early model was to improve existing products, rather than to build an entire franchise around discovering and commercializing new ones. This model is exemplified by Alza, which was founded to improve medical treatment through controlled drug delivery and focused on improving existing drugs rather than developing new ones. This same model is still employed today, and shares some similarity with the technology platform business model, where companies focus on developing technologies that can be sold to other R&D firms, rather than independently developing consumer applications.Newer business models did not replace the older ones, but rather enabled new firms to focus on the unique environment in which they were founded. Examples include the hybrid model that combined product development with a technology platform, which could be sold or licensed to others, and the no research, development-only model that as a derivative of the specialty pharmaceutical model, saw newly founded companies buying drug leads off of other companies to complete late-stage clinical trials. These models enabled new firms to meet the respective needs of risk-averse and cash-rich investors.WHERE ARE WE NOW?I've previously written that the global economic crisis has been (and still is) transformative for the biotechnology industry. The aforementioned biotechnology business models rose to prominence in conditions that favored them. For example, the hybrid model emerged in a funding drought and was favored as it enabled companies to build internal revenue streams while still maintaining the possibility to realize the upside of product sales.What are the factors influencing biotechnology companies today? In the United States, beyond the general economic climate there are still unresolved questions about the availability of early stage financing, the ability to recruit foreign workers, and – post-commercialization – data exclusivity, generic biologics and the potential for price controls. Internationally, some nations are still undergoing dramatic economic reorganizations, while others are making significant investments in building biotechnology R&D capacity.So, the question remains: Is the biotechnology industry ready for a new business model, and is there a business model that can accommodate the myriad domestic challenges faced by many countries while addressing the increasing globalization of activities?

scholarly journals SUBPRIME MORTGAGE CRISIS IN THE UNITED STATES IN 2007–2008: CAUSES AND CONSEQUENCES (PART I)

Ekonomika ◽  
2015 ◽  
Vol 93 (4) ◽  
pp. 85-118 ◽  
Author(s):  
Vaidotas Pajarskas ◽  
Aldona Jočienė
Keyword(s):  
United States ◽  
Federal Reserve ◽  
The United States ◽  
Mortgage Market ◽  
Subprime Mortgage ◽  
Market Expansion ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
The Government ◽  
The Impact

The main purpose of this article is to determine which factors and how contributed to the subprime mortgage crisis in the United States in 2007–2008, what their causal links and effects on the markets and the whole economy were, and to assess what actions could have been taken by the Federal Reserve and the Government in order to mitigate or prevent the consequences of subprime mortgage crisis and housing bubble. In order to obtain the research results, the authors performed a qualitative analysis of the scientific literature on the course of events and their development that led to the subprime mortgage crisis, and focused on the insufficiently regulated home mortgage market expansion, the impact on the subprime mortgage crisis of financial innovations and financial engineering, poorly evaluated systemic risks and policy undertaken by both the U.S. Government and the Federal Reserve before and after the crisis. The quantitative research focused on two main parts: firstly, analysis of the dependence between the causes of subprime mortgage crisis and the consequences, using a statistical and regression analysis, and secondly, an alternative path the Government and the Federal Reserve could have taken in their policy actions and the results they could have produced. The authors believe that the results of the research could give useful guidelines to the central bankers and government officials on how to make long-term decisions that can help in preparing for the financial distress, mitigating the consequences when the crisis strikes, accelerating the recovery and even preventing the crisis it in the future. The second part of the qualitative research will appear in the next issue of the journal.

scholarly journals Impact of globalization on the development of social entrepreneurship in Latvia

2021 ◽  
Vol 129 ◽  
pp. 08008
Author(s):  
Silva Jeromanova-Maura ◽  
Rosita Zvirgzdina
Keyword(s):  
Social Entrepreneurship ◽  
Local Governments ◽  
Quantitative Methods ◽  
Negative Attitude ◽  
Social Enterprises ◽  
Added Value ◽  
Synthesis Methods ◽  
Eu Member States ◽  
The Law ◽  
The Impact

Research background: Since April 1, 2018, the Law on Social Entrepreneurship has been in force in Latvia. Unfortunately, the relatively slow preparation and adoption of the law did not bring any benefits to social enterprises (Jeromanova-Maura et al., 2019). Few social enterprises have recently been set up, operating in a small number of business sectors. Various financial support instruments are available to social enterprises, which could promote the establishment of a social enterprise, but the negative attitude of society and understanding of people with special needs is an obstacle to the establishment of new social enterprises. It is in the interests of local governments to give more support to social entrepreneurship in their region. The aim of the article: to study and analyze the processes that have contributed to the faster development of social entrepreneurship and the impact of globalization on the development of social entrepreneurship in Latvia during the last couple of years. To achieve this, the authors have studied the experiences of different countries in the development of social entrepreneurship, focusing on the EU Member States and how globalization has affected the development of social entrepreneurship in each country. Methods: The study uses methods of analysis and synthesis, methods of deduction and induction, as well as methods of logical approach. However, appropriate quantitative methods are used to process the data obtained. Findings & Added Value: The paper aims to assess the impact of globalization on social entrepreneurship as well as the impact of Covid on the creation and development of social enterprises.

scholarly journals Waqf institutions as a framework for social enterprises in Islam

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Murtadho Ridwan ◽  
Keyword(s):  
Social Entrepreneurship ◽  
Social Enterprises ◽  
Financial Capital ◽  
Social Programs ◽  
Analysis Method ◽  
Social Entrepreneurs ◽  
Content Analysis Method ◽  
The Social ◽  
Entrepreneurial Capital ◽  
The Impact

This study aims to interconnect the concept of waqf and social entrepreneurship. Interconnection is viewed from social entrepreneurial capital, social entrepreneurial profit and social entrepreneurship model. The data were obtained from the results of previous studies and were analyzed using the content analysis method. The results of the study show that the waqf institution obtains financial capital of people’s funds. Financial capital will increase the impact of public trust as the social capital for waqf institutions. Waqf institutions as Nazhirs are human capital that are required to improve their skills and abilities, especially in business sector. The waqf institutions income from social entrepreneurs are distributed for operational costs, social programs and reinvestment of waqf assets. There was a transformation of waqf institution into a social company as a result of the social enterprises that were carried out.

scholarly journals Global Pandemic, Technology Booms and New Business Trends: The Case of Japan

2021 ◽  
Vol 10 (1) ◽  
pp. 120-140
Author(s):  
Soo Kee Tan
Keyword(s):  
The United States ◽  
Physical Contact ◽  
Sensor Technology ◽  
Business Trend ◽  
Market Demand ◽  
Global Business ◽  
Global Pandemic ◽  
The World ◽  
New Business ◽  
The Impact

The outbreak of COVID-19 has reshaped business environments across the world. Minimal physical contact quickly becoming the standard practice for how everyone interacts, almost everything is going online and touchless. Japan, as one of the most technologically innovative nations in the world, its technology firms and IT industry have enjoyed a prosperous year. The new global business trend and market demand has created new growth opportunities for Japanese firms in reviving the slumping economy. By exploring new business trends and booms in technology sectors, the intent of this study is to examine the impact of COVID-19 on business. The first section includes a discussion on digitalization and global pandemic technology growth, including examples involving the United States and China. The second section is focused on Japan by examining the COVID-19 impact on Japan’s economy, business trends and how this situation has benefitted technology players in Japan. Using business performance records in terms of equity gain and revenue growth, the impact of COVID-19 on business across sectors is investigated, with emphasis on Japan’s digital business and industry of automation, robotics and sensor technology. It concludes that the impacts of COVID-19 on the ways of doing business will be long lasting, and is expected to continue benefitting digital business and technology sectors.

SECURE – a new business model framework for measuring start-up performance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tahseen Anwer Arshi ◽  
Venkoba Rao ◽  
Sardar Islam ◽  
Swapnil Morande
Keyword(s):  
Business Model ◽  
Emerging Economies ◽  
Performance Outcomes ◽  
Equation Modeling ◽  
Model Framework ◽  
Content Type ◽  
Start Up ◽  
New Business ◽  
Start Ups ◽  
The Impact

Purpose Existing business model frameworks show weak conceptual unification, a paucity of measurement focus and limitations when applied in emerging economies. The study proposes a new business model framework – “Start-up Evaluation Calculus Using Research Evidence” (SECURE). The purpose of this study is to allow the measurement of the impact of business model design on start-up performance in emerging economies. Design/methodology/approach Data collected from 713 entrepreneurs in select cities of India, Oman and the United Arab Emirates is analyzed through structural equation modeling. The study uses measurement and structural models to examine the validity of measures and additionally tests the five hypothesized relationships proposed in the study. Findings The SECURE’s components comprising desirability, marketability, feasibility, scalability and viability showed validity and reliability. They synergistically demonstrated a statistically significant effect on a mix of financial and non-financial start-up performance outcomes. An alternative structural relationship that examined the impact of SECURE on only financial performance outcomes showed a weaker model fit. The findings indicate that a business model framework is useful when its ex ante measures show a positive causal effect on the desired performance outcomes. Practical implications The scores obtained by the SECURE framework serve as an evaluative tool that informs entrepreneurs and start-ups on the readiness of their proposed, incubated or existing start-ups. Originality/value Replacing subjective judgments with objective assessment criteria, SECURE is one of the first quantitative and performance-driven business model frameworks that contain measures from all functional domains of a start-up business. Start-ups can evaluate their business models against the SECURE model’s research-driven quantitative criteria and assess their impact on start-up performance.

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