In this Metier Digest article, writer Lea Reyes discusses how the world is making a shift from the traditional 'for-profit' businesses in favour of the 'for-purpose' model.
Reyes lists down three reasons why people should look at incorporating social entrepreneurship principles in their organizations.
The three reasons include the following: 1) Social entrepreneurship keeps your business competitive; 2) Social entrepreneurship combines the best of charities and for-profits; and 3) Social entrepreneurship creates a better economic environment.
Reyes also writes how social entrepreneurship is creating a sense of fulfillment in making a difference in the world.
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MBA and Microsoft MVP for SharePoint Server, Symon Garfield, writes, “Social business has no value without purpose. If you know what you are trying to do (strategy) then that will give you the means to measure success (business case or value proposition), and that in turn will help you assess investments in social against other priorities. The starting point is strategy.”