Business – Social Enterprise

//Business - Social Enterprise

The Ghost Workers Powering The AI Economy

Rightly or wrongly, the AI-driven world has come to typify the woes of modern economic life, as tech giants such as Facebook and Alphabet amass vast fortunes, due in large part to the huge quantities of data that users often freely provide them. Accusations of economic imbalance tend to be multi-faceted. Not only do these companies

How This Woman Successfully Launched An Ethical Shoe Brand With Zero Fashion Experience

Ten years ago, Bethany Tran went to Guatemala and had a transformative week that would ultimately change the trajectory of her career. Her friends had started a nonprofit that was working to break the cycle of poverty in the largest urban slum in Central America. It was her first time abroad and her first real

Solar-powered railway could reduce fossil fuel reliance

The world's first solar farm to directly power a railway line has been plugged in -- a development that could lay the foundations for the world's first solar-powered trains. Social enterprise Riding Sunbeams has installed about 100 solar panels near a train station in Aldershot, southeast England. Energy captured by the 30kWp solar panels will directly supply signaling

Do Ethics Really Matter To Today’s Consumers?

Unlike any other time in history, consumers are truly demanding more from the companies with which they do business. Today’s shoppers are looking for ethical, eco-friendly brands that put people and the planet ahead of profits. Led by the estimated 83 million millennials in the world, this change shows the need for companies to lead with compassion and

When will the first social enterprise have a huge IPO?

In a year where we have already seen Uber, Lyft, and Zoom go public, as well as African e-commerce platform Jumia, it’s clear that 2019 is shaping up to be the year of the tech IPO. These tech IPOs are going to mint hundreds of new millionaires and the occasional billionaire. Many of these newly

Social innovation in emerging Europe

Social innovation is now widely recognised as having the ability to enhance society’s capacity to act by turning social and economic challenges into opportunities. The global map of social innovation initiatives reveals countless approaches and successful stories which show the strength and potential of social innovation in many areas, not least education and poverty reduction,

Looking Beyond Profit Can Give Your Company Purpose – Here’s How

When I first became an entrepreneur, I didn’t think about the social impact my business could have. I was focused on growing my brand, hiring great people and serving our customers better than the competition. But today, corporate social responsibility (CSR) is as essential to building a successful business as sales or marketing. There's no

Rise of the social enterprise and the future of work

What does it mean to be future-ready? What are the tangible changes that will take place in the workforce and workplace that HR needs to be ready for? What are the right questions to ask to help us reimagine the future of work? Finding the answers to these questions is no easy task, but the

How a Berlin startup is feeding 40,000 people a day

Two things struck Sebastian Stricker back when he used to work for the UN World Food Program: how little it cost— just 40 euro cents—to feed a child in a developing country for a day, and that there are still hundreds of millions of kids suffering from severe hunger. “At the same time, there were

Easing ‘classroom crisis’ in Côte d’Ivoire, brick by (plastic) brick

“This factory will be at the cutting edge of smart, scalable solutions for some of the major education challenges that Africa’s children and communities face,” said UNICEFExecutive Director Henrietta Fore. “Its potential is threefold: more classrooms for children in Côte d’Ivoire, reduced plastic waste in the environment, and additional income avenues for the most vulnerable families.”

This is what is still holding social entrepreneurs back

In an increasingly polarised world, obtaining 100% agreement for anything seems impossible. Yet, in our survey of leading social entrepreneurs across the world, 100% of respondents agreed on one point. Every social entrepreneur said they would do it all over again, despite: • 75% reporting use of personal funds to support their social enterprise •

How Buying Social Is Changing The World

At the Houses of Parliament in London earlier this year, SAP Executive Board member Adaire Fox-Martin (pictured above) appealed to an audience of the United Kingdom’s leading social-enterprise CEOs and corporate executives to come even closer together to find “a better way to grow.” Together with Chair Lord Victor Adebowale and CEO Peter Holbrook, Adaire

To Survive As A Social Enterprise, Purpose Has To Come Second

In 2012, Anna Robertson asked herself a question that many young people working in international development ask, “Who benefits from these programs?” She was working in Ghana on behalf of the Australian Government and was seeing a lot of money move from Government to Government. She was seeing a lot of “box ticking”. But at

When Green Infrastructure Is an Anti-Poverty Strategy

Cully, a neighborhood in Northeast Portland, is among the most ethnically diverse in Oregon. It is also marked by poverty, rapid gentrification, and inequitable access to quality public infrastructure. Many green infrastructure project teams flounder when trying to couple social justice with their environmental goals, but in Cully green infrastructure provision is linked explicitly with

Research shows people want public services delivered by social enterprises

New research conducted by YouGov shows people trust social enterprises more than private enterprises to deliver outsourced public services and believe they do so with more expertise, efficiency and value for money. The findings demonstrate the public want to see a better model to deliver services, and would prefer local authorities to contract with purpose-driven

Promoting social enterprise is a developmental advantage

Could the answer to development and other thematic issues in the global south be solved by social enterprise? The increase of small and large business corporations in the global south especially in Africa is evident in the variety of goods and services provided. The thematic issues surrounding development are complexly intertwined. The precarity of the monumental

Social Entrepreneurs, Create A Startup Then Do Good Like These Four Companies.

For years, it seemed that people who wanted to do good in the world thought they needed to create a non-profit. Now we are seeing a change as for-profit businesses tackle what were traditionally non-profit goals. Social entrepreneurship is the growing realm of mission driven business enterprises that view financial success as a way to

Emerging countries to enact laws for workplace protection

Many emerging countries were under foreign colonization in the last century. This partly explains why these countries have been slow to protect workers. Colonial priorities were seldom about workplace safety. In the 21st century, the world has known rapid development of internet technology and digitalization. The globe is becoming like a small village where much

Building a social enterprise from scratch

IMPACT investments are increasingly capturing the imagination and passion of younger investors, but one family has done more than just dip their toes into the asset class. Lam Shumei, daughter of the late successful entrepreneur and businessman Larry Lam, built a chicken farm in Rwanda from scratch in 2014, braving an arid bushland, unfamiliar business

Making Sure AI Is Socially Responsible

A report published recently by Martha Lane Fox’s Doteveryone think tank revealed that 59 per cent of tech workers have experience of working on products that they felt might be harmful for society, with more than a quarter of those feeling so strongly that they quit their job over it. This was particularly marked in relation to