Exploring Social Entrepreneurship: ‘My Generation Is Full of Activists and Humanitarians’
Knowledge@Wharton High School first met Fiorella Riccobono in 2015 when she was a senior in high school. We featured her in a story about a business class project to promote fair trade practices among Haitian coffee farmers. Now Riccobono, who is 19, is a college student studying finance and interdisciplinary social science with concentrations in economics and social entrepreneurship. In this personal essay, Riccobono talks about how and why she is embracing her calling to become a bold and tenacious change maker.
I just completed my freshman year of college at Florida State University (FSU), and in many ways I am feeling transformed. When you first step foot onto your college campus, the feeling is incredible. You have a sense of personal freedom that you have never experienced. In college, you start to explore your major based on your passion and build the necessary classes and curriculum to earn your degree. Now imagine that the major you chose is an emerging field in the business world. Imagine that it is a new program at your school, and imagine just how much room for growth that opportunity means for you.
That chosen field for me is social entrepreneurship. I fell in love with social entrepreneurship a few years ago when Mrs. Zocco, my business teacher at Edward A. McCarthy High School in Florida, showed me a video of the most genuinely happy and grateful man I had ever seen. He was one of the farmers participating in a fair trade coop in Haiti that our class was helping to run, and his smile was amazing. He was thanking us because now, through fair trade – which in this case was helping coffee farmers in Haiti’s poorest region earn a just wage for their very hard work — his children had enough money to go to school. Since that moment, I have been driven to learn all I can about social entrepreneurship and how to make it my life’s work.
Leaving the World a Better Place
Many of us want to be extraordinary, to be change makers and to make positive and influential contributions to society. I have discovered that my generation is full of activists, humanitarians and philanthropists. No matter our passions — education, health, environment, economic development — many of us share a common goal: to leave this world a better place than how we found it. I’ve gathered inspiration from the stories of famous social-justice advocates around the world, like Muhammad Yunus, who created the concept of microfinancing, and Malala Yousafzai, who advocates for women’s education. Both Muhammad and Malala are recipients of the Nobel Peace Prize.
Social entrepreneurship is such an emerging concept that it is still not clearly defined. Most importantly, though, it is not charity. Although social entrepreneurs may need to rely on donations to launch their endeavors, they can’t create a business model based on donations, because charity is not sustainable. How can you build a business when you don’t know where your next dollar is coming from – or when?
In my experience, social entrepreneurs are individuals who draw on innovative business tactics to create solutions to societal issues. Social entrepreneurs combine government, nonprofit and traditional business practices in order to create a sustainable business model that is not only profitable, but also beneficial to the social sector. These innovators create large-scale, systemic and sustainable models by addressing a societal issue at its foundation – poverty, climate change, pollution, whatever it may be. Social entrepreneurs do not have an idea and then apply it. Instead, they go directly to the source of the issue and ask what is needed. Based on that answer, they build their business plans. Social entrepreneurs are often empathetic, bold, open-minded and tenacious.
So, that first day I stepped onto campus, I was more than ready to begin the next phase of my social entrepreneurship journey. The social entrepreneurship culture at Florida Sate University is growing rapidly. Early freshman year, I met Valarie Rodriguez, who wanted to start the Social Entrepreneurs and Innovators Club at FSU. I was the first person to join the team, and since then two of our board members have created social enterprises that are thriving within the Tallahassee community. Ramon started Unhoused Humanity, which uses crowd funding to help working homeless citizens make the down payment to get into a home. Often, the working poor do not have enough money saved up to make the hefty down payment needed for renting living space — typically first and last month rent and security and utility deposits. But they do generate enough income to pay their monthly rent once they are in. Unhoused Humanity helps the homeless get over that initial down-payment hurdle.
Another one of our members, Nikolas, has started Qultur. Qultur’s purpose is to use art to decrease crime in communities. Qultur creates and finds financing for events that bring together local artists, businesses and community members with the premise, “When we support and trust each other, we can live in harmony.”
Launching a social entrepreneurship club feels a bit like starting your own business. You have to find funding, promote your mission, explain the concept, and get people invested in your passion. I recruit local entrepreneurs to come speak at our events, plan those events, find funding and sponsors, and educate people on all aspects of social entrepreneurship.
I am getting hands-on social entrepreneurship experience in other ways, as well. The spring semester of my freshman year, I interned with a local fair trade coffee shop in Tallahassee. During that time, my team of interns created a micro social enterprise using the coffee shop’s food truck. We were trained as baristas and innovators and were responsible for creating a business model that would be profitable, while also maintaining a social mission.
We researched local areas and events and chose where to take our “fair trade” truck, what beverages we should make, and handled the actual food truck operations. We were the first group of interns to ever break even and create profit for this program. Our business model – like many other social enterprises — addressed a triple bottom line: people, planet and profits. The model had three key features: first, the coffee we brewed was purchased from small farmers who were paid a fair price through certified organic cooperatives. The coffee farms were bird-safe and shade-grown to ensure the organic coffee was environmentally sound. (Coffee farmers sometimes take strides to grow coffee in sunnier settings because it is faster; however, this often damages the biodiversity of the region.) And finally, the coffee shop placed all our profits in local and global humanitarian causes, truly addressing the triple bottom line.
Helping the Homeless
It is immensely inspiring to be part of a community where social justice is a priority. It is motivating to be surrounded by young individuals who are not only incentivized by profit, but by creating systemic change. I believe social entrepreneurship is the future of business and policy making. People are no longer seeing global poverty as a call for charity, but as a place of economic and cultural growth. Young business minds no longer want to exploit our natural resources, rather build business models that protect our environment.
The best advice I can give to incoming freshmen at any school is to be empathetic, bold, open-minded and tenacious. You are about to be exposed to a world of information, opportunity and incredible curiosity. I am as passionate as ever about my social entrepreneurship future. This fall, with the help of my club members, I will be starting a research project at a local homeless shelter. My plan is to speak personally with members of the homeless community in Tallahassee in order to better understand their backgrounds, prior education, work experience and willingness to rejoin the workforce. I want to use this quantitative data to possibly identify a pattern in homelessness. By pinpointing the need, I can create meaningful solutions.
My ultimate goal is to launch a program that rehabilitates the homeless community and reengages homeless people as active, contributing members of society. My heart tells me that many of them want to improve their circumstances, but need the proper channels for lasting change. I’m not sure how this will all play out, but I have little doubt that we are laying the foundation for something truly extraordinary.
Related Links
- RedEye Mobile Cafe
- NY Times: The Rise of the Social Entrepreneur
- K@W Video: Muhammad Yunus: Lifting People Worldwide Out of Poverty
- FSU Social Entrepreneurship
- Qultur
- Unhoused Humanity
Conversation Starters
Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction?
Using the “Related KWHS Articles” and “Related Links” tabs, find out more about Malala Yousafzai and Muhammad Yunus. How have they made an impact on the world? Can you think of any other social-justice champions whose missions inspire you?
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” Do you agree? Why or why not?
Fiorella Riccobono stressed that social entrepreneurship is not charity. She wanted the readers to understand the difference between social entrepreneurship and social services, which I believe readers should give certain importance. As a reader, I feel that I have understood the relation between social entrepreneurship and charity. This distinction plays a role in opening the minds of the readers in defining other facets of social entrepreneurship.
I agree, because many people don’t know the difference between social entrepreneurship and social service. In the social entrepreneurship, you gain money and it is very different than a charity
Social entrepreneurship is where you start companies and develop a fund for some type of environmental issue. Fiorella Riccobono does gain money, but it is for a cause. Fiorella Riccobono donates money to the homeless community because they want to improve their circumstances. I agree as well, that many people don’t know the difference between social service and social entrepreneurship. Unhoused Humanity helps the homeless get over that initial down-payment hurdle. When you are in Social entrepreneurship, you are exposed to a new world of information and technology.
Social entrepreneurship and charity overlap in many fields (helping the homeless, for example); however, charity fosters a feeling of dependence in its recipients. Knowing this, many are scared away from the field.
If social entrepreneurs are looking to make a difference, they must set themselves apart from well-established foundations and philanthropy.
1. Fiorella Riccobono stresses that social entrepreneurship is not charity. She is correct. Social Entrepreneurs run a business. While they are more empathetic because their helping the social sector by solving global and humanitarian issues, they ask what is needed and then base their business plan around that. They make a profit while contributing to society.
2. Muhammad Yunus won the Nobel prize for founding the Grameen bank which aided a lot of people with financial structure. Malala Yousafzai fought for women’s education in Pakistan.
3. I agree that social entrepreneurship is the future of business because it builds a good reputation, which is important for an enterprise, while simultaneously making a profit.
1. Fiorella believes that donations are essential, however it can’t create business models because charities are not sustainable. A sustainable business is not only profitable, it has to be beneficial. They want to solve issues and make the business better. Businesses want to fix social issues as well as enviornment issues.
2. Yuman won the noble peace prize and helped people with finances, Malala wanted education for women in Pakistan
3. I agree with social entrepreneuership because it builds a businesses reputation
1. Fiorella Riccobono believes that it is not charity because she is trying to point out to the reader that social entrepreneurship is not a charity, as a charity is not sustainable, because you can’t control the influx of money. She means that social entrepreneurship can last over a long period, and has to be sustainable in order to help the most people possible.
2. Malala and Muhammad inspire the world. Malala inspires women to be educated, even in countries where women are not educated. She wrote a book of her injury, when she was shot by an Islamic group. Muhammad inspires young leaders globally. Also, he won a Nobel Peace Prize for his work on social entrepreneurship. Another social justice champion that I admire is Oprah. She broke barriers by being one of the first black female millionaires in the United States. She also established an empire.
3. I believe that entrepreneurship offers a hopeful way to guide society. This helps people who have less money and in third world countries.
1) Fiorella Riccobonno stresses that it is not charity because she is trying to point out to the reader that social entrepreneurship is not a charity, as a charity is not sustainable, because you cant control the influx of money. She means that social entrepreneurship is different than charity because social entrepreneurship can last over a long period, and has to be sustainable in order to help the most people possible.
2) Malala and Muhammad inspire the world. Malala inspires women to be educated, even in countries where women are not educated. She wrote a book of her injury, when she was shot by an Islamic group. Muhammad inspires young leaders globally. He also won a Nobel Peace Prize for his work on social entrepreneurship. Another social justice champion that I admire is Oprah Winfrey. She broke barriers by being very successful in her field of work, and her work in helping those less fortunate.
3) I believe that social entrepreneurship offers a hopeful way to help rehabilitate the community of people that are less than well off when it comes to their financial situation. Social entrepreneurship is a great way to give back to the less fortunate.
Fiorella Riccobono stresses that social entrepreneurship is not charity because because charity is not sustainable it cant support. she means that how can you build a buisness not knowing when your next pay is. she makes this important distinction so that she can inform the reader so that she gives a guideline. Malala Yousafzai is a pakastani actavist that emphasizes on women empowerment and how a group of people can make a change.
Fiorella Riccobono stresses that social entrepreneurship is not charity because although entrepreneurs may rely on donations they cant really create a business model based on it. She makes this important distinction because people may think that entrepreneurship is based on charity and donations when they are basically innovative business tactics to create solutions to social issues.
I Believe Riccobono stresses that social entrepreneurship isn’t charity so much because of how she wants to impact the world. If Social entrepreneurship was a charity, the problem would only at best get monetarily fixed. However, Social entrepreneurship targets to change the actual problem rather then just throw money at it.
I agree with Fiorella’s statement that social entrepreneurship is the future. Based on the information in this article it appears as though the goal of social entrepreneurship is to help fix the world’s problems. However, instead of simply creating a solution social entrepreneurship also finds ways tranform the issue into an opportunity for economic growth.
Social Entrepreneurship is not a charity because the business still makes money. They do help the community, but making money is a priority. This is an important distinction because she needs to stress the fact that the business still needs to make money. Fiorella does not want people to think that the are a charity that donates all their money.
When Fiorella Riccobono stresses that social entrepreneurship is not charity she means that its also a business and she makes money off it. This is an important distinction because she needs to stress the fact that its a business and she still needs to make money at same time as helping.
The way in which Fiorella explained how social entrepreneurship is not a charity is very educated and clear to understand. It is easy to agree with her statement on social entrepreneurship not being a charity even though it, in some cases, acts like one. For example when a business receives money from investor, it is similar to a charity receiving money from people to support the business. She makes a very good point in saying that a business cannot operate not knowing where they will get their next dollar. Another good point she makes that not everybody would think of is that if a business is running on donations, and donations alone, the business would not be able to create a business model since charity is not sustainable.
I do agree with her thinking, thanks to our generation of young people getting more interested in social matters and being more open minded. Nowadays, people is more intereste in social, environmental, and economical matters, therefore, making them more eager to get involved with our society . Social entrepreneurs will help in developing abetter society for our people
When Fiorella states that social entrepreneurship is not charity she means that social entrepreneurship is its own thing. She recognizes it as being something that can help many people, in many different places, for many different causes. As opposed to charity which is something that helps one cause, or raises money for something in specific. She makes this important distinction because she also realizes that the topic could be confusing for some who do not necessarily know the exact difference between the two.
Malala Yousafzai is a true hero, a legend, who will be remembered forever. She is a courageous leader who fights for women to be able to get an education. On October 9, 2012 she was shot by the Taliban and left in critical condition. She pushed through and from this tragic event that happened to her, she made her voice heard. Her story is touching and she now has her own foundation that advocates for womens’ rights worldwide. Muhammad Yunus is a social entrepreneur from Bangladesh. He is known for founding the Grameen Bank and developing the concepts of microcredit and microfinance. His objective was to put an end to poverty by giving out loans that were suitable to the people and teaching them some financial principles to help themselves. Not only did these two icons earn a Nobel Peace Prize Award, but they will also have an everlasting legacy for their keen, creative, and unique minds. Some other social-justice champions that I admire are Eleanor Roosevelt and Oprah Winfrey.
Fiorella Riccobono explains that social entrepreneurship is not charity. She goes on to clarify that social entrepreneurship is, in essence, using traditional business practices to create a sustainable business model that is not only profitable, but also beneficial to the social sector. Fiorella makes sure to note that charity is not sustainable and that a business model cannot run on donations alone.
Social entrepreneurship is definitely the future of business and policy making because it is a business enterprise not only focused in profitable gains and societal claims. Its significance is reflected on the demand of customers for business to have grater social objectives.
Fiorella says that social entrepreneurship is not charity because it can’t create a business based on donations. Social entrepreneurship creates solutions to societal issues. This is an important distinct because social entrepreneurship should be it’s own business/its own work. It is not a charity where anyone can help, social entrepreneurship helps other businesses to thrive.
Malala Yousafzai and Muhammad Yunus are both huge figure in the world for what they are and what they accomplished. The impact that they had on the world is different from one to another but both helped the humankind to be better. Another social-justice champion that had a mission that inspire me is Nelson Mandela, for what he forgive and what he accomplished.
3. I do believe social entrepreneurship is the future. It allows to have a business that is self sustainable and driven to help the community/planet without having this motivation for self gain. More and more people will start to realize that if we help the planet as a whole, then we will all benefit from it. Not only does it feel great to know that you’re helping people but also you get the satisfaction of helping the whole entire planet.
Personally, I believe that there is a quote that fits this article.
“If you give a man a fish, you feed him for a day. If you teach a man to fish, you give him an occupation to feed him for his lifetime.”
Charity can be given to someone and yes, it can help them, however it does not provide something long lasting. Giving people jobs, and a way for them to work in just conditions is how you can truly help people. A sustainable company that can support the people, support the environment, and still make a profit for more investment is a company that can help people. That is how you can truly help and make a impact. That’s the difference between social entrepreneurship and charity. One is sustainable and can sustain others.
Malala Yousafzai is Pakistani activguist who publicy campaigned for girls to go to school and won a Nobel YouthPeace Prize. Due to her popularity and exposure, the Taliban were after her. On October 9, 2012, a Taliban masked gunman boarded her school bus, and asked for her by name. The gunman shot her in the head, neck and shoulders. Malala survived the attack and is now a world famous activist for peace and girls in school.
Muhammad Yunus is a Bangladeshi entrepreneur that was awarded the Nobel Peace Prize for founding the Grameen Bank and creating microcredit and microfinance. He is working hard to help advocate a world without poverty.
According to “I believe social entrepreneurship is the future of business and policy making.” as Fiorella said, I agree that social entrepenueurships is the future of bussines annd policy making since entrepeneurs are going up and being more involved in the future policies as well as business
As far as social entrepreneurship being the future of business and policy making, yes, I agree with Fiorella. She has definitely made some interesting and realistic points. She believes that, given our generation and what that all have made a living out of, we all want to leave the world a better place than how we found it. Social entrepreneurship is saving poor regions with solutions such as fair trade and I agree that if you work hard to make that a part of your life work that it can make a difference.
Yes I do agree that, “social is the future of business and policy,” because not only does the entrepreneur make a profit, he or she also supports and helps local, small businesses which in turn helps all the people in a community. Social entrepreneurs need to be smart and innovative to find ways to make money, but still support the community. This benefits the social entrepreneur and the people they are helping. This can build innovative skills and social skills making are world communicate and making our world be together.
I agree with Fiorella when she says “I believe social entrepreneurship is the future of business and policy making.” because we are moving towards a more socially and environmentally cautious world. More and more companies are starting to deal with environmental issues. I t is likely that most future companies or enterprises will be helping raise money to help solve global problems from the start
Fiorella Riccobono stresses that social entrepreneurship is not charity because charity is not sustainable and relies on donations from people. Social entrepreneurship is when individuals use a variety of tactics and strategies to tackle societal problems. She makes this important decision because although they overlap in some areas, social entrepreneurs need to find ways to make their business profitable.
1. Fiorella Riccobono stresses that social entrepreneurship is not charity because in a social entrepreneurship, making money is part of the goal. It does help the community. However, unlike a charity, social entrepreneurship can be sustainable. They don’t base their business plan off of the donations they received but they use innovative ideas and plans. I believe she addressed the difference between the two to clarify that they are separate concepts and emphasize the difference between them.
Throughout the article, Fiorella Riccobono emphasizes on the idea that social entrepreneurship is not charity. Fiorella realizes many young people are willing to help but prevent them self from doing so due to the dependent nature of charity. Through using social entrepreneurship, one is not dependent on others to create a sustainable and reliable network to help those in need. This entices future business students who want to help while still utilizing the skills they have learned.
When Forella says “I believe social entrepreneurship is the future of business and policy making,” I agree with this statement because nowadays the world of business is becoming based off of networking and social elements. It is becoming more common that people want to go out and work on social projects and participate in the community. As this becomes more popular it will begin to become a business. It takes knowledge to turn social work into a business. However if done right, it can make the world a better place.
Social entrepreneurship and charity are two different businesses models. As Fiorella Riccobono says, charity is not a viable business plan that can make money. Social entrepreneurship triple bottom line is people, planet, profits. They want to help the world while making a positive change in the world while making a profit.
I agree with Fiorella’s statement that “social entrepreneurship is the future of business and policy making” because it gives companies the opportunity to give back to their community while making a profit. The upcoming generation of business owners want to leave the world better than they found it, and social entrepreneurship is the perfect opportunity to make a difference. I believe this is extremely beneficial to society and its members as it will also help shape the future generations to become successful leaders through international connections and job opportunities.
Fiorella, in the article, stated that social entrepreneurship is not charity. By stating this she means that charities will help gain money for a cause, but as a social entrepreneur, you have the opportunity to take your knowledge and make money and business. In the article, Fiorella states that “People are no longer seeing global poverty as a call for charity, but as a place of economic and cultural growth. ” If more people are able to gain that knowledge and share it, many people would be able to help more people at a constant rate. Charity is for one cause while social entrepreneurship can be for many.
Fiorella believes that social entrepreneurship is the future to business and policy, and I agree. Although, I would also argue that it is fundamental to today’s business and policy. This is so important because social entrepreneurship in other words is networking. These skills are important to meet others in the business world and expand upon your knowledge. If you have a wide range of connections you will have more opportunities to get jobs, knowledge in every field of business, and create a supportive business network in your working environment. After all you are not working next to computer all day, but next to people that are similar to you!
Fiorella makes the distinction between social entrepreneurship and charity. This is an important distinction because money in a charity flows in one direction. Conversely, money in a social enterprise flows both ways. Social enterprises cannot be charities because they are businesses, and need money to operate. Compared to traditional businesses, though, social enterprises are conscientious about the environmental and social impacts of their actions.
I agree with Fiorella when she claims that social entrepreneurship is the the future success of business and policy making. It doesn’t only help people who already have good conditions of life but it also financially helps those in need and who can’t afford much money. Entrepreneurs can make a lot of profits and invest their money on themselves and the community on where they which can benefit everyone.
The reason Riccobonno made the distinction between social entrepreneurship and charity is because some people don’t understand that social entrepreneurship is in fact a business and relies on more than just donations. In any business it is important to know where and when your money is coming from. Without the knowledge of when you will have money you can not make financial investments or take risks. If your business is not sustainable and it goes bankrupt it will not be able to help anyone.
Fiorella Riccobono stresses that social entrepreneurship is not charity because you cannot created a business based off of donations. Social entrepreneurship makes solutions to social issues.
I agree with Fiorella that social entrepreneurship because it will help many people.And to help the environment and the community.
Fiorella Riccobono stresses that social entrepreneurship is not charity. She focuses about this topic because she wants the reader and society to have the understanding of the difference between entrepreneurship and charity. An entrepreneurship may help and change many people, with different causes or problems, at different situation. A charity is help for a certain person or situation. She wants to make a change not throw money at it and have the problem fixed momentarily.
1. Fiorella Riccobono believes that social entrepreneurship is about making the world a better place. Charity is a completely different subject. Though, they do share a common goal. Malala Yousafzai held a campaign for girls to get an education at school. Muhammad Yunus won the Nobel Peace Prize for social entrepreneurship. They are an inspiration to society. I believe in Fiorella’s point of view. Social entrepreneurship is the future of business. It well help us grow and develop as a person. As well as create opportunities for many in creating a difference.
What Fiorella Riccobono stresses about social entrepreneurship not being charity is that it doesn’t have the ability to launch a business solely based from donations. This is not able to support a fully working business. The charity people give is meant to last a bit, it does not have the ability to make a business work for a long period of time. She makes this important distinction so readers can see the difference between a business that can support itself vs a business that runs on charity.
I agree that social entrepreneurship is the future of business. I believe this because we need to look out for others. There are many people in this world that are self centered and don’t think about others. We need to make sure we take care of others and make sure no one is left behind.
Business entrepreneurship is not charity basically because social entrepreneurs may need to rely on donations to launch their endeavors and making money is part of the goal.
When Fiorella Riccobono states that social entrepreneurship is not charity, she means to create the idea that social entrepreneurship is stable and a dependable new business worth taking part in. She makes this distinction because she wants it to be clear that although it shares a similar idea with charity, it is not only about helping the people but also the planet and business world of the future.
There definitely is a big difference between social entrepreneurship and charity. What Fiorella Riccobono means when she makes this distinction is to not think of social entrepreneurship as the same because of the many differences it has with charity. For example, charity can be looked at as a way to help one specific problem only one time. What she tries to make out of social entrepreneurship is that it helps more than one cause, it is more of a broad way of helping. Also it can shape a better lifestyle for people while charity can only help in one specific way. Giving someone money is not as big of a deal as giving a person a job to consistently earn money. Fiorella makes the distinction so readers know the way that she helps people, by setting a better road for the rest of their lives.
Social entrepreneurship is the future of the business and policy making because it is a way for entrepreneurs to not only make a profit but helps out the community and support their new ideas. And it is a smart way for people to come together as a community and do many great things together.
Fiorella Riccobonno stresses that it is not charity because she wants the reader to be aware that a charity isn’t sustainable because you don’t know where your next dollar comes from, in contrast with social entrepreneurship that is the process to earn profits while helping other people.
[3.] When considering Ms. Riccobono’s statement, “I believe social entrepreneurship is the future of business and policy making.”, I am reminded of the importance of working with non-profit, government, and traditional business, when working towards startling a successful and innovative business. I agree that social entrepreneurship is an important aspect thats importance will become increasingly apparent as time goes on. Using the policies and beliefs that fall under this category, I believe these thing will change the future of business management and development.
Fiorella Riccobono emphasizes a difference between social entrepreneurship and charity. She highlights that in a social entrepreneurship, the owner cannot solely depend on donations in order to maintain the business plan and model to a profitable amount. She makes this distinction because all social entrepreneurships create profit, whereas charities, specifically non-profit organizations, do not.
Ms. Riccobono had her opinion about the meaning of Social Entrepreneurship, in which she thought that it is not charity at all. She stated that making money is the desired outcome, while as compared to charity it is also stable and/or sustainable. She wanted to clarify the actual difference between the two, explaining it through the expression of her own opinion.
-Fiorella Riccobono believes that it is not charity because, she is trying to tell the reader that social entrepreneurship is not a charity, as a charity is not sustainable, because you can’t control the influx of money. She means that social entrepreneurship can last over a long period, and has to be sustainable in order to help the most people possible.
-Malala and Muhammad inspire the world. Malala inspires women to be educated, even in countries where women are not educated. She wrote a book about the injury that she had injury, when she was shot by an Islamic group. Muhammad inspires young leaders globally. Also, he won a Nobel Peace Prize for his work on social entrepreneurship. Another social justice champion that I admire is Oprah. She broke barriers by being one of the first black female millionaires in the United States. She also established an empire.
-I do believe social entrepreneurship is the future. It allows to have a business that is self sustainable and driven to help the community/planet without having this motivation for self gain.
Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction? She wants the distinction to be clear that social justice in businesses for employees isn’t a charity, and that it’s an obligation for workers to be treated/paid fairly. She strives to make a community where social justice is a priority.
Using the “Related KWHS Articles” and “Related Links” tabs, find out more about Malala Yousafzai and Muhammad Yunus. How have they made an impact on the world? Can you think of any other social-justice champions whose missions inspire you? Malala aimed for the education of all women in the world, even in countries where they aren’t educated. Muhammed inspired young entrepreneurs around the world.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” Do you agree? Why or why not? I agree, social justice calls for fairness in business with helping the homeless, being able to assist those in need, and policy wise making work better/ more efficient for employees/
I agree with Florella in believing that social entrepreneurship is the future. Social entrepreneurship is a useful tool to help the community while still making money in the proccess. Being a social entrepreneur allows said entrepreneur to help the people with less money while being able to maintain profit in the proccess.
Fiorella stresses a good point about social entrepreneurship because the businesses that are focused on being run like this are also making an enormous impact on different societal issues while benefiting as a business as well. That being said, theses businesses are definitely not like charities. She makes the distinction between the two because i’m sure the first thing many people think of when they hear about “social entrepreneurship” is charity. Social entrepreneurship is definitely going to take over in the future because it is a great way for businesses to thrive while also having a positive impact on society and the world.
Fiorella Riccobonno stresses the fact that social entrepreneurship is not charity because she wants the reader to understand the difference between social service and social entrepreneurship. Social entrepreneurs are also businessmen and run a business that also helps others.
Social Entrepreneurship is not a charity. It is not a charity because the business still makes money. They do help the community, but making money is the main/top reason. This is an important because she needs to continue stressing the fact that the business still needs to make money. Fiorella helped the people because she paid them more than what they were getting paid.
When Fiorella Riccobono stresses that social entrepreneurship is not charity, she means that the business cannot rely on donations. It would obviously help the business if donations come to them, but the business model cannot be built by just donations. Charity is not sustainable, which means that a certain business can’t survive on donations. Social entrepreneurships are meant to solve societal issues and that is what she is trying to do.
I believe social entrepreneurship is the future of business and policy making because the world is becoming more and more social. Whether it is through social media or just talking to people, people get ideas from other people who get ideas from other people. Nowadays so many people believe they want to be an entrepreneur and its
possible because there are so many places to start a business.
Fiorella Riccobono stresses about social entrepreneurship not being charity and that it is not going to be able to launch a business solely based from donations. This is not able to support a fully working business. The charity people give is meant to last a bit, but it does not have the ability to make a business work or last for a long period of time. She makes this important distinction so readers can see the difference between a business that can support itself vs a business that runs on charity.
Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction? She means that she believes a business is not sustainable by donations. On the other hand, charities are 100% sustained by donations. A business is very costly and it cannot be held by a thread or sustained by chance or luck. Starting a business, one wants to know that his or her business has an opportunity of thriving and growing. When one finds out someone is donating, the donation most of the time arrives that same day. In businesses, one has to know where the next dollar is coming from ahead of time. If a business is failing a backup plan needs to be formed, it cannot just sit around and hope for a miraculous donation.
I agree that social entrepreneurship is the future of business because it is a great way to give back to the people that are struggling financially, and it builds a good reputation which is very important for a business.
When Fiorella stresses that social entrepreneurship is not charity, she means that charity is not sustainable, because the influx of money isn’t not controllable, and a social entrepreneurship has to be sustainable so most involved benefit. I agree with Fiorella that social entrepreneurship is the future of business, and where relationships are built while making profit.
Fiorella stresses the difference between social entrepreneurship and charity. A business model can’t be made in a charity, due to charities not being sustainable. Both of these help the community in many ways but you can make money also in social entrepreneurship as it is sustainable.
Fiorella says,”I believe social entrepreneurship is the future of business and policy making” I agree with this statement because I believe that people now a days are trying there best to make this world a better place so being a social entrepreneur is not only helping yourself but also helping your community.
I really find this idea of “social entrepreneurship” to be very defining because this allows people with somewhat experience with the business world to get to experience real life. Many people don’t think business is that hard but this thought of having social entrepreneurship I feel will actually make the image of the business world easier to understand. Social Entrepreneurship is the future and is actually happening already, the reason is because being able to interact with customers and consumers will allow the buyers to have more confidence in the product. Interactions also allows the business to have good credit and good credit to a company means that they are worth more and are recognized as a company that has good stuff. Another reason why social entrepreneurship is the future is because it is easier to start than that of an actually big name company, so I predict that there will be more social entrepreneurs than companies trying to sell small products (that is the job of a social entrepreneur).
Fiorela Riccobono stresses that social entrepreneurship because it is still a business even though it helps people in need. People know the charities are basically just giving money to people and that is not what social entrepreneurship is about. Social entrepreneurship is a business so it still makes a profit but it also helps people. These businesses are all about making a profit while still maintaining a social message. They follow business plans and make a sustainable business while still making an impact with the social sector of the world.
Fiorella Riccobono states that social entrepreneurship it’s not charity. Social entrepreneurs run a business from which they want to take profit while they are contributing to society. She states that they practically show emapthy and use society to make money, which in a way, making money or not, at the end they are still helping people.
Fiorella Riccobono stresses that social entrepreneurship is not charity. She wants to show that social entrepreneurship isn’t charity because it isn’t to get things for people in need. Social entrepreneurship is to develop, fund and implement solutions to social, cultural, or environmental issues. She makes this important distinction because social entrepreneurship uses techniques and has ideas behind funding solutions to social culture, while charity is to do for the good of the people in need. Also social entrepreneurship looks to find solutions for issues, when charity just helps a certain cause.
I believe strongly in the idea of Social Entrepreneurship and the benefits it can bring to many people. I think that is great for college campuses to have social entrepreneur ship clubs so that college students can be exposed to all of the problems that the world has, I love how the article stresses how its important to be open minded and expose your self to new experiences because the world changes every day and it is key for young people to know that because they are the ones who have the most power to change things for the better
Fiorella strongly stresses that social entrepreneurship is not charity. This means that it is still business, that means that it is for profit. I think this is a good thing because the best way to support social programs is by money from companies that still have profit. Fiorella also must believe this because she is sure to emphasize the fact that social enterprises are making money and not bankrupting themselves for their programs or relying heavily on inconsistent and unreliable donations like a charity.
Riccobono emphasizes that charity is different from social entrepreneurship by expressing that charity works with donations and social entrepreneurship handles profits. She makes this distinction to help realize that everyone can win; farmers receive just payment for their goods and vendors of these goods can make a profit. This has definitely made an impact on the world by allowing almost any person attain a fair an income at little to no expense. I don’t completely agree with Fiorella’s belief because today many giant corporations, such as Monsanto, benefit greatly at others’ expense and won’t easily change. Yes, it is a great concept and should be adapted all over but it doesn’t seem like something that will truly happen.
What Fiorella Riccobono means by social entrepreneurship not being a charity is that they are totally different concepts. She makes this important distinction because a charity depends on people donating money for their cause. While social entrepreneurship do accept donations, they don’t rely on it. They use a business model to plan it out like a business.
3: I don’t necessarily disagree or agree with the statement that social entrepreneurship is the future of business and policy making, because there are many other business fields that can have a larger effect on society, for example, the economy keeps the world turning by trading goods to other nations and providing everyone with the funds they earn. The economy also provides storage units known to most as banks, to store any earned money that was not to be spent, this being the opposite of in-wallet or in-pocket money.
But, social entrepreneurship is a very crucial business, and as time goes by, this will get more important. In addition, social entrepreneurship is interconnected with the economics, because with social advantages, one might have a vast connection, thus leading to a higher chance of getting advertised, hired, or partnered with another company.
Firoella Riccobono stresses that social entrepreneurship is not a charity. Social entrepreneurship is a business that is profitable and is indeed not a charity because then it wouldn’t be sustainable. Instead it is comprised of individuals who want to make the world a better place.These individuals try to make the world a better place by using business tactics to try to create solutions to some of the societal issues that we face today, like poverty, climate change, and pollution. So, not only is it not a charity, it is profitable and at the same time it helps make the world a better place.
1.Fiorella Riccobono stresses that social entrepreneurship is not charity even though they receive donations, they can’t create a business model, charity is not sustainable. 2.Malala Yousafzai fights for gender equality, and Muhammad Yunus help the poor and poverty worldwide. This inspires me to leave my mark on the world and change the world for the better.
3.I agree when Fiorella said ” I believe social entrepreneurship is the future of business and policy making.” Because this will help the poor and raise charity.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” I agree with Fiorella because it will help give back to those who do not have the resources that they need. It will not only make provide good reputation to the business, but it will give you such a good feeling to know you are being involved in the community and helping others.
Fiorella Riccobono stresses that social entrepreneurship is not charity, because it’s not possible to create a business model based on donations, because charity is not sustainable.
Malala inspires the education of all women in the world, even in countries where they are not educated.
Muhammed inspires young leaders globally, and he has also won a Nobel Peace Prize.
I agree that entrepreneurship is the future of business and policy making, because it gives hope to those who need help.
What Fiorella means when she says that entrepreneurship is not a charity is that in the business you have to know when your money is coming not just to wait around for a donation, which is what charity does.
I do agree with Fiorella when she says “I believe social entrepreneurship is the future of business and policy making” because it helps keep the community going to a better place.
She means that you still make profit off of social entrepreneurship, as it is what is desired because charity is not sustainable. She makes this important distinction to show that social entrepreneurship is not charity and needs to have a constant influx of cash to help as much people as you can. I do agree because it is a good way to help people who are less fortunate with their situations.
Fiorella Riccobono affirms that all related with social entrepreneurship is not charity, by that you can extract that corporations or business don’t live related with donations or charity. Business must grown from experience, hard working and good ideas and not from donations. Donations can surely help, but a business concept doesn’t not relate to that.
Malala and Muhammad had a big participation with the world. While Malala made the education available for womens she wrote a book that affected the globally society.
Muhammad inspired young leaders over the world. He won a Nobel Peace Prize for his social entrepreneurship, which had successful results.
I agree with her when saying that the social entrepreneurship is the future of business, because the social entrepreneurship allows a business that self-survive to help the good causes without having this motivation for self gain.
What Fiorella Riccobono means when she says that social entrepreneurship is not a charity is that it does not involve raising money for a cause. Charities also do not have enough money to sustain them for a long period of time without donations. Social entrepreneurship aims to solve problems while still having the ability to make profit, although they do accept donations. It is a business that at the same time makes a huge impact on society.
When Fiorella says that social entrepreneurship is not charity she means that social entrepreneurship is its own thing. She recognizes it as being something that can help many people, in many different places, for many different causes. As opposed to charity which is something that helps one cause, or raises money for something in specific. She makes this important distinction because she also realizes that the topic could be confusing for some who do not necessarily know the exact difference between the two.
When Fiorella Riccobono stresses that social entrepreneurship is not charity, she means that social entrepreneurship is not focused on raising or donating money. Social entrepreneurship is a business that benefits when money is used. Of course you are going to need to raise money from somewhere, but the purpose of social entrepreneurship is to run a business not to collect money. Clearly, Fiorella makes this important distinction because she wants to show the readers that social entrepreneurship and charity are two separate things.
Fiorella Riccobono stresses that social entrepreneurship is not charity. When Fiorella said this, she meant that a social entrepreneurship does not just base solely on donations. Of course, donations can help, but a social entrepreneurship thrives from people working hard to help others. In addition, a charity, unlike a social entrepreneurship, is not sustainable She shows that it is more about creating a work place than a place just collecting money.
When Fiorella Riccobono says it is not charity she means that these companies are not run on donations and not ran by volunteers in their free time. She is saying these companies are real businesses that have to compete in the real world. They too have the goal of making money however, they also make businesses that help a society as well as protect the environment. She mentions this because often times they have no idea where there next check is coming from and when. This is a important distinction because these are people who are interfering with their career or salary to make the world a better place and not doing it on extra time.
Riccobono emphasizes that social entrepreneurship isn’t charity. The difference between a charity and social entrepreneurship is that in a charity, funds received are dependent on the contributions of donors. Profit generated from social entrepreneurship are directly correlated with the economic aspects that entrepreneurs find themselves confronted by, such as competition as well as supply and demand. Because of this, the defining aspect at the core of social entrepreneurship is that success is defined by the financial decisions that entrepreneurs choose to make within the current state of the market in which the entrepreneur operates. Au contraire, running a charity would rely on sporadic donations that prove to be a less reliable source of money than the profits and economic stimulus caused by small businesses and lower-class workers.
Fiorella Riccobono stresses that social entrepreneurship is not charity because even though some social entrepreneurs do rely on some charity to start their business, social entrepreneurship aims to solve problems and create a sustainable business that doesn’t rely on others to make profit.
1.I believe that Fiorella Riccobono had the need to express that social entrepreneurship is not charity, rather that relies on donations because she felt the need for the individuals that read the article to understand that this project is so innovative and new that the majority of the people don’t really know about it. Charity is defined as an organization that wants to help and raise money for those in need. Instead, what Fiorella Riccobono is doing relies on donations because although she is helping the needed and businesses, she needs resources and wants to improve the ideas she has for individuals to take on their business as soon as she sets them up for success with her unique innovated plan. This makes an important distinction because it may not always be for free that Riccobono may be doing her job, rather to create a change with an imaginative job that helps improve the world.
3. When Fiorella says, “ I believe social entrepreneurship is the future of business and policy making.” I somewhat agree with what she said. Due to the fact, that her job might be one of the ones that may help a large amount of people as it has economic and balanced strategies to make a business start or grow exponentially. However, I don’t coincide with it being the essential future of business rather social entrepreneurship taking on a branch. As it will only help an specific business that are in certain conditions. In addition, it may be a good and productive job, but not the overall future.
Fiorella Riccobono stresses that social entrepreneurship isn’t charity to emphasize that it isn’t an organization that runs on donations. Social entrepreneurs create real businesses that make a profit. Although their objective is to improve issues in society and assist people, their goal at the end of the day is also to earn a profit. I think Fiorella makes that important distinction to show that although social entrepreneurs are there to help people in need, they also create thriving business. It shows that there’s a lot more to social entrepreneurship than most people are aware about and how it’s different from any other non-profit organization.
Malala was shot by a takin when she was 14 years old, since then she fought for the rights of young women to study and gender equality. She became the youngest nominee for the Nobel Peace Prize and won it in 2013. Muhammad Yunnus created the Grammen Bank, it researched to study how to design a credit delivery system to provide banking services to the rural poor, he won the Nobel Peace Prize in 2006. Another social-justice champion is Martin Luther King Jr, he is best know for his role in the advancement of civil rights using nonviolent civil disobedience based on his Christian beliefs. On October 24, 1964, King received the Nobel Peace Prize for combating racial inequality through nonviolence.
Malala Yousafzai is a Pakistani women’s right and children’s activist, who is also the youngest-ever Nobel Prize laureate. Muhammad Yunus is a Bangladeshi social entrepreneur ans economist, who was awarded the Nobel Peace Prize for founding the Grameen Bank, in which he developed a micro loans and credit system that helped poor Bangladeshis ‘borrow’ small amount of money. Paulette Meyers mission inspired me because she founded and chaired the Women’s Initiative for Self Employment in San Francisco, for 15 years, which helped to train and finance low-income women to start their own businesses.
Fiorella Riccobono is saying that social entrepreneurship is not a charity because they are very different. For instance, charity needs people to donate money to succeed while social entrepreneurship does not rely on donations even though they do accept money to help their concept. Instead, they use innovative business tactics to create solutions to social issues.
Fiorella says “I believe social entrepreneurship is the future of business and policy making.” I believe this statement is very accurate to the future of the business landscape as large corporations are increasingly searching for ways to give back and help out society. Social entrepreneurship also opens up new possibility to those who enjoy philanthropic work while still utilizing their business skills. Through creating self-sustaining businesses that help out society, more individuals will be open to the idea of entering a field which help people as it eliminates the feeling of charity and volunteer work.
Fiorella Riccobono stresses that social enterpreneurship is not charity because although enterpreneurs may rely on donations they can’t really create a business model based on it. She makes this important distinction because people may think thet enterpreneurship is based on charity and donations when they really are basically innovactive business tactics to create solutions to social issues.
Fiorella Riccobono stresses that social entrepreneurship is not charity because charity is giving to those in need with nothing in return, which is similar to social entrepreneurship in the helping side but social entrepreneurs are looking for a profit and the thing that differ them from most of the entrepreneurs is that besides a profit they are looking to help, they are trying to make an impact in their community for the good. Making an impact is clearly really important to her and that’s why she distinct what social entrepreneurship to encourage people to also make an impact and show them they can make a profit out of something that will benefit the social sector.
Social entrepreneurship IS the future of business and policy making. The world is full of hunger, poverty, pollution, etc. What would be more successful than making a profit while helping to make this dirty filthy world a better place?
I agree with Fiorella Riccobono’s statement that social Entrepreneurship is the future of business and policy making. Based on the information her article is giving us, the goal of social entrepreneurship is to help fix the world’s issues or problems. To her, instead of a simple solution, social entrepreneurship can also finds ways to transform the conflict into an opportunity for economic growth.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” Do you agree? Why or why not? I don’t think it is the future, yes it is helpful to the world and is good and helps people in need, but this can not be the future of business. If a business wants to be successful in the world they can’t be nice, they can’t just go around helping. A business needs to make a profit, needs to be able to pay all its employees, and all its assets. If a business ever hopes of progressing in this world it has to be heartless, or it will be taken advantage of. It cant have a soft spot it it will be open and it will be used. I understand why she would say this but that is in a dream world, but the business world is far from a dream. It is ruthless and has no heart, its all about the money.
Hi Sebastian. Fiorella, the writer of this essay, read your comment and wanted to respond. Here are her thoughts:
Hi there,
Although I do agree that a business needs to make a profit, I disagree with you on the point that the only value a company can generate is revenue. That is an outdated perception of the value modern day corporations and financial institutions are trying to generate. Social entrepreneurship does not exist to be charitable, it exists to create systemic social impact at the core of it’s day- to- day operations, while simultaneously generating profit.
The modern business structure is steering away from a profit-driven model, to a strategy that systemically addresses the triple bottom line. This is not a dream world perception, but rather the new trend and business models of all corporations are trying to adapt in order to stay competitive. But, you do not have to take my word for it, let’s use a modern-day example of investment banking. The young individuals who are entering the banking industry are increasingly making investment decisions that focus on sustainable growth. In order to learn more about impact investing, a form of social entrepreneurship, I have attached an article recently published by Morgan Stanley:
https://www.morganstanley.com/ideas/sustainable-socially-responsible-investing-millennials-drive-growth?cid=sm_smsp_LINKEDIN_MorganStanley_20170831
This generation is demanding socially minded products and companies are responding to this in order to stay competitive and relevant.
When Fiorella says that social entrepreneurship is the future of business and policy making I could not agree more. Many people in this generation are empowered to make a change in there society and around the globe. Social entrepreneurship is a great way for both a way to make a lot of money , and help the change that you want in the world. Also, social entrepreneurship is a great way to gain customers, because people that believe in your platform will want to buy your product and goods. Social entrepreneurship is a great way to not only help yourself succeed but also a great way to help other succeed and get through there struggles.
Great job!
2- Muhammad Yunnus founded the Grammen Bank and pioneered the concepts of microcredit and microfinance. He gave loans to entrepreneurs too poor to qualify for traditional bank loans. by this Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development.
Malala Yousafzai is an activist for female education. She is known for human rights advocacy, especially education of women in her native Swat Valley in Khyber Pakhtunkhwa. Yousafzai opened a school in the Bekaa Valley, Lebanon, near the Syrian border, for Syrian refugees. The school offers education and training to gils aged 14 to 18 years.
A social enterprise is not a charity because is organization that applies commercial strategies to maximize improvements in human and environmental well-being. They basically combine business with social concerns; they ensure that the society can have access to opportunities to grow in the business environment and be able to sustain themselves.
Fiorella Riccobono stresses that social entrepreneurship is not charity. What Fiorella means by this is that entrepreneurship is not runned by money or even sustained by money like a charity is. Although she says that here and there money will be involved but really and truly its not based on donations at all. Her making it a important distinction lets everyone know that its a innovative business.
Fiorella states that social entrepreneurship isn’t a charity. She emphasizes that is not a business that simply runs on donations, which is similar to a charity. Social entrepreneurs create certain businesses to make profit. These businesses do not rely on others to make profit. An important distinction made is that charities are run totally on donations. Real businesses simply can not last on just donations. Social entrepreneurs have actual businesses that make money that is used for social, cultural, or environmental issues. The important distinction is that charities are run on donations while social entrepreneurs create businesses that make money.
When Fiorella says that social entrepreneurship is not charity she means that social entrepreneurship is its own thing. She recognizes it as being something that can help many people in need, in many different places, for many different causes. As opposed to charity which is something that helps one cause, or raises money for something in specific. She makes this important distinction because she also realizes that the topic could be confusing for someone who does not necessarily know the exact difference between the two.
Freshman need to join college already thinking of a way to change the world. By being innovative in the beginning, it opens your mind to greater things in the future. By joining entrepreneurship clubs, you can discover a whole new world of chances to help homeless people and poor communities. These people are in the need of a shelter and income, and if you somehow can manage to help those communities, they may even increase their business, earning well deserved money, and help other communities too.
I agree with Fiorella that, social entrepreneurship is the future of business and policy making because, to start a business people have to have technics and know how to talk face to face with other company CEO’s or to talk to banks so they know they will get a profit off you if they lend you their money. Those are the reasons why people have to be socially ready.
I agree when Fiorella says that she believes social entrepreneurship is the future of business and policy making. In a growing age where successful businesses are known for their high rates of pollution, many advocate for business techniques that are more environmentally friendly. Not only does social entrepreneurship promote profit while keeping detrimental environment effects to a minimum, but it also reaches out to the community to aid and improve the lives of those in need. Business thrives off high profit and the ideals behind social entrepreneurship (such as eco-friendly techniques and public aiding) are essential to good policy making and an excellent community of people. Thus, future business and policy making would greatly benefit from this.
Fiorella Riccobon stressed about social entrepreneurship not being a charity so much since the idea of a social entrepreneurship does not want to be labeled as a charity, because their approach to the problem can be very different. Charity solely depends on donations and uses the money the get to first have their business then give back. This distinction is very important since what social entrepreneurship wants to do is give back and make sure their purpose is directly served and is not based off on only donations.
Fiorella stresses about social entrepreneurship not being charity because it is not an organization that runs in donations, social entrepreneurs create real business that make a profit although there goal is to improve the issues in society and help people but at the end of the day there goal is to make a profit out of there business, I think that fiorella makes that important distinction, to show that social entrepreneurship is there to help people in need, and create a working business that are able to create profit at the end of the day.
Prompt 1
I think what Fiorella meant by social entrepreneurship not being charity was that people actually have to put a lot of work in to their business and not just rely on donations. She states, ” charity is not sustainable.” Which means that entrepreneurs should not run a business if they do not know who is giving them money; especially off of donations.
Fiorella Riccobono stresses that social entrepreneurship is not charity. Social entrepreneurship is not charity because you cannot create and run a business in which you, the entrepreneur, do not know when or where the donations to your business are coming from. Social entrepreneurship is also not charity since it is a business, and the entrepreneur and his or her business earns a profit while helping others. Fiorella makes this important distinction so that people do not think that a social entrepreneur’s business is a charity to the homeless, it is a business that earns a profit while helping the community and the homeless.
Social entrepreneurship is indeed not a charity. While a charity is reliant on donations, a social entrepreneurship cannot create a stable business model without having a stable source of income. Instead, a social entrepreneurship finds an underlying problem such as pollution or poverty and then creates a business model that does not only solve the underlying problem, but also makes the business model profitable. Fiorella Riccobono stresses the distinction between a charity and a social entrepreneurship in order to highlight the fact that a charity only helps people, whether it be through financial or material means; while a social entrepreneurship continuously helps people by creating a profitable business model that not only solves a social issues, but also creates a profit. The distinction between a charity and a social entrepreneurship can be seen in the analogy where, “If you give a man a fish he will be fed for one day, if you teach that man how to fish and he’ll never be hungry.” A charity can be seen as simply giving a man a fish, while a social entrepreneurship can be seen as teaching a man how to fish.
Fiorella is right/wrong when she claims that entrepreneurship is not charity even though some business do help our community. Most of the business have a goal of making money and benefiting themselves, that’s the main goal of most entrepreneurship, they are sometimes too ambitious and don’t care about society. On the other hand some do care about our society and help our community by investing on something using their profits that will benefit not only them but everyone else in the community. She makes that important distinction because charity relies on donations and money support for those in need, she is trying encourage more people and other business that thrive in order to be more charity and help those in need.
When Fiorella Riccobono stresses that social entrepreneurship is not charity she means that you can’t create a business model based on donations, because charity is not sustainable. She says this to make it clear that it is not a charity.
Fiorella Riccobono stresses that social entrepreneurs is not charity and I agree. She means that social entrepreneurs create a business and make profits. They can’t create a business on donations. Social entrepreneurs create solutions to societal issues. She makes this important distinction because she wants people to understand that social entrepreneurs is not about donations, it’s about assisting and helping ours and your community.
I do not agree with Fiorella when she says, “I believe social entrepreneurship is the future of business and policy making.” Although social entrepreneurship will continue to grow and thrive in western businesses, saying it will be the future of all business is impossible. In places like the United States and other similar countries people generally have more money than those in third world countries, so when people start businesses they are more likely to have enough money to use sustained practices to create there products.we have also seen a shift in what consumers want. More and more consumers are looking for ways to make themselves feel like they are helping society in what they buy, so shifting to social enterprise might actually benefit your business more. Although this is true for first world countries in most other second and third world countries this business method would not work. In these countries people make a much smaller income than they would in first world countries so when consumers are looking for products to buy they will most likely pick a cheaper product that does not give back to society rather than spending more money for the same product with the difference this one will give back to society. These business also have less start up money making it harder for them to produce products in a sustainable manner. For reasons like this social enterprises will grown in first world countries or rich people but is no a viable option for people of lesser income. this is why I do not believe social enterprises will be the future business of the world but rather of the first world.
Fiorella Riccobono stresses that social entrepreneurship is not charity even though it has some analogous needs and events. For example, social entrepreneurship may need to rely on donations to launch their endeavors. However, like charity is not sustainable, it is futile to create a business model. It is crucial to express that social entrepreneurs try to solve societal issues by combining government, nonprofit, and traditional business practices.
Social Entrepreneurship is an emerging concept and, as any concept that is new, some people don’t really know what it means. Although it relies sometimes on donations, a business can’t sustain itself just by charity. Social Entrepreneurs main purpose is to help needed business to succeed and creating innovative plans in order to do that.
I believe that social entrepreneurship is the future of business and policy making due to a great deal of social entrepreneurs looking toward the future and building business models that favor our environment. These innovative minds see harsh problems like global poverty and world hunger as a new slate for growth in areas like economy or cultural growth. In the end, the positive minds of social entrepreneurs will be those of the future in business and policy making.
Fiorellla Riccobono is constantly stressing that social entrepreneurship is not similar than charity, because both overlap in many things. But what people don’t realize is that compared to charity social entrepreneurship is a business looking to make profit.
Malala Yousafzai is a Pakistani activist for female education and the youngest to ever to receive a Nobel Prize, also survived a shot to the head once and is now a bounty. Muhammad Yunus is a Bangladeshi social entrepreneur who was awarded the Noble Peace Price for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.
I agree seeing the benefit of social entrepreneurship just as many others.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” Do you agree? Why or why not?
I disagree with her. I found social entrepreneurship a very respectable cause and i loved the idea, but i don’t think it is the future of business because since now there weren’t social entrepreneurship, so entrepreneurs can create their company without that help.
I agreed with what Fiorella Said about the future or entrepreneurship. I think that these newer generations are more biologically aware of what is going on with our planet and communities, specially with the current science they have more knowledge and a better understanding of the problems on this world. So judging by the way these generations are more aware and having more knowledge they would lean more towards businesses that can help the world and our communities.
“Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction?”
She means that its not a charity because a charity is not sustainable. She make the important distinction because a lot of people confuse it for a charity. She wants to make sure that they know the definition of social entrepreneurship is.
Fiorella is making points that social entrepreneurship can make a difference in people’s lives. Social entrepreneurship can help build of jobs and businesses. It also is helping other people that aren’t working in those businesses and improving their community around them. She wants to make a difference in this world I think that this is the key to change the future and what is soon gonna be the next generation of entrepreneurs.
When Fiorella said “I believe social entrepreneurship is the future of business and policy making.” I agree because social entrepreneurship is very important in the business world. People have to be able to communicate with people face to face. In todays millennials everyone uses phones and in the future could have a hard time communicating with people face to face. So I think that social entrepreneurship will be very important in the future.
Fiorella stresses that using social entrepreneurship isn’t just a charity and it is a way to make money. Even though it isn’t charity way of working it can contribute to the advancement of others or addressing problems injustice in the world. The social side promotes it to which the business can grow off the help of others it needs a source of revenue like any other business to thrive. Though the company’s can take in donations to work and run this helps things and what they need and to do at the same time promoting problems.
I agree with Fiorella. Social entrepreneurship is the future of business and policy making. As time goes on, more and more people are becoming aware of the state of our world and the people who live in it. Social entrepreneurship finds the source of a problem, and not only fixes it, but helps to make the world a better place in the process. I believe that this generation, as well as generations in the future, will want to help our world and people in need. More people are wanting to leave the world in a better state than we found it, and some people are already trying.
Fiorella Riccobono is saying that the Social Entrepreneurship is not a charity at all. The whole Social Entrepreneurship point is to help fix the worlds problems but making money is still a priority for the Social Entrepreneurship.This idea still finds ways to transform the issues for an economic growth. So Fiorella basically wants us to know that they’re not a charity that donates all their money.
Yes I do agree with Fiorella, social entrepreneurship is the future of business and policy making and the idea of it, is a great idea to help young entrepreneurs that are lost in the world of business, this would be a very good and helpful tool for them, and we can’t escape from that, because the technology is growing every second of our lives so i wouldn’t be a surprise if technology take over the world of business, many companies are successful and they did it without that help, but now it can be a very good addition for young kids with great ideas this can help them start and i believe they can be very successful with their projects and new businesses
Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction? she means its not charity because it cant create a business model, based on donations, because charity is not sustainable, because charity is mot sustainable. you cant build a business when you don’t know where your next dollar is coming from or when.
I agree with what Fiorella thinks about social entrepreneurship. The program is related to charity but is not the same thing as she had stated in the article. This program has a potential strong base for jobs in the future. The course deals with societal problems by matching them with economy issues as well as financial issues like a business. This sets it as a powerful candidate for future employments and jobs in my opinion as it has an extravagant amount of potential.
I agree and believe social entrepreneurship is the future of business and policy making because one of its main purposes is to make the environment and future businesses successful and better.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” Do you agree? Why or why not?
I agree with Fiorella because it’s true that in the future we need to socially communicate with different people. Some people are working and are not getting paid enough for the work that they are doing. It’s good that she and other people are making a change to this problem in the world. With the homeless Fiorella and other people are trying to make a difference helping the people that are in a finacial crisis or are in need of help
I agree with Fiorella. I find that social entrepreneurship does a good balance between profit and helping the community. They are not dependent on outside source like charities and are not focused on massive profit like the big enterprises. I believe that more of those kind of business will start to appear and be successful on the near future.
Fiorella Riccobono stresses that social entrepreneurship is not charity. What does she mean by this? Why does she make this important distinction? Fiorella means that social entrepreneurship is forced to donate and charity is your choice to donate money to charity.
Social entrepreneurs can only do so much to help people out. Being a social entrepreneur cannot be anything like a charity because you need to guide yourself and get yourself out there. Like she said, we all want to leave the world a better place than it was before yourself, so yes you can help out but if you just keep helping someone, they are constantly going to keep asking for help. Give a man a fish and he can eat that day but teach a man to fish and he can now provide for himself. She makes this important because people need to understand it, too many people guide others around and can help them for that time but not later on in life. It’s similar to the first 18 to 20 years in your life, your parents provide for you with food and a roof over your head but they cannot support you forever.
I agree with Fiorella. No person, for their entire lifetime, is going to want to be bossed around by someone. Everyone eventually wants to become their own boss and be the founder or CEO of their own company. Everyone can do it, and there are many opportunities down the road, whether you’re getting right out of college (or even high school) or you’re in your later years and have some money to work with and want to make a change in today’s society.
As Fiorella Riccobono said, Social Entrepreneurship is not a charity. It is easy to think that, however it is important to recognize the difference between the two. A Social entrepreneurship is financial and business organization that combines aspects of a running business while helping social problems in the world advance.
I agree with Fiorella because Fiorella wants to make a charity to help homeless people and I think that’s great because she understand that Homeless people needs help and I like to help people that needs help.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” I agree with her because as people grow up they are starting to realize the real world and businesses and businesses techniques are changing
The student explained what social entrepreneurship is. She explained that it is not a charity and that it is made to last. In social entrepreneurship you have to think how to make the idea work so the idea doesn’t fall apart and you give money for specific things which will help the idea to develop.
Fiorela has stressed that social enterprise is not at all a charity, it makes money. She means that it is not a charity because then it doesn’t sustain itself well at all. It cannot create a good business model with donations, or nothing at all. She wants people to know that they are not a charity that donated all their profit away.
Fiorella Riccobono is correct because social entrepreneurs is a business. In social entrepeneurs people is more empathetic because of their helping the social sector by solving global and humanitarian issues, they ask what is the problem and then base on that they plan their business around that. They make a money while helping the society.
Social entrepreneurship is truly the future in my opinion because of business and policy making, it is a business enterprise not only with a focus in profitable gains and societal claims. Its meaning is reflected on the demand of clients for business to have grater social goals or targets.
When Riccobono thinks “social entrepreneurship is the future of business and policy making”, I support her opinion. For me, I think as young adults develop, they establish beliefs on how they can have a positive impact on the Earth. Of course, one of these ways is by social entrepreneurship. With young innovative minds, they can think of things they can create. These people need passion and commitment. They also need to develop skills that persuade other passionate and committed people to join their cause. Social entrepreneurship is about helping the world, and an increasing number of people are constantly trying to do that. As a result, global issues, like poverty, will decrease.
A social entrepreneurship is not a charity because all of the proceeds do not go to other organizations. A part of the revenue goes towards organizations but some goes towards the business to keep it running. A social enterprise is sort of a hybrid between profit business and non-profit charity. What she means to say is that the social enterprise’s goal is not to just give away money but instead to create money for its own needs while giving money to organizations that need it. She has to make this difference clear because many people know about charities and often do not want to donate, but since this is a charity/business in disguise it generates money while also providing a service and good.
Yes I agree that social entrepreneurship is the future of business and policy making. I believe that social entrepreneurship can do a lot of good in the world and benefit people both the ones being helped and the ones helping. It will open many doors for many people that need help.
1.Fiorella Riccobono stresses that social entrepreneurship is not charity because it makes profit and it is not a situation where someone receives money once, and slips back into trouble. When profit is made, the organization is clearly no longer a charity and social entrepreneurship helps people get back on track. This is an important distinction because it helps people realize that unlike a charity, this organization makes profit and helps people at the same time.
2. Malala Yousafzai has made an impact on the world by advocating for young girls to go to school, and Muhammad Yunus has made an impact on the world by providing small loans to the poorest people in the world. The most inspirational social justice hero to me, is Mahatma Gandhi because he liberated an entire country from England in peace and in friendship.
3.I do not believe social entrepreneurship is the future of business and policy making, because there are certain businesses that this won’t work with (Ex: car companies) and there are many people in the corporate world that will not support this type of organization.
Fiorella Riccobono stresses that social entrepreneurship is not charity because while both aims to aid those in need, social entrepreneurship makes a profit. Charities may give money to those in need, but unless these people are able to regain an income, they will return to their original conditions. It is impossible for charities to keep on giving money to support these people for the rest of their lives since charities relies on donations and the people working in charities also needs an income to support themselves and their own families. Social entrepreneurship tries to address the root of the problem and create a solution. As Fiorella Riccobono has mentioned, instead of giving small coffee farmers money, they bought their coffee for a fair price and sold it at their trucks. This not only helps the farmer, but also helps the people running the business to keep going and continue making contributions to the world.
I do agree that social entrepreneurship will be the future of business and policy making. Social entrepreneurship helps develop, fund, and implement solutions to many different social and environmental issues around us. With different aims and sizes of this concept, it can apply to almost any organization or job. So it can pretty much help out others who work in different industries.
1. Fiorella Riccobono is stressed that entrepreneurship is not charity because they are both different from each other, entrepreneurship helps us make the world a better place by making ideas. Charity is people helping others by giving them money to be successful in life.
2. I agree that entrepreneurship can be helpful in our future because of how helpful it can be for the country and for us living a better and healthy life style. It can also impact others and convince them too work for entrepreneurship to help our grow even bigger then it was suppose to be.
Fiorella Riccobono stress es that social entrepreneurship is not a charity, because charities are not sustainable and can not control the influx of money, in the contrary, social entrepreneurship is a business that is expected to make a profit and relies on more than just donations. Although social entrepreneurship is not a charity, it was also invented in order to help people, businesses and helping make the world a better place. Social entrepreneurship is the future to business and policy making and it is supposed to make enough money to keep the business going, with profits included, and help other businesses that may need financial help.
I think it was very wise for Fiorella Riccobono explain to us that social entrepreneurship is not charity because it makes us understand that you can do the right thing and still get revenue from your work. I think that now I understand way more about social entrepreneurship and I think is a great thing. I feel that It helps the community to improve in many ways. I’m glad she wrote this, I think she may have changed the point of view of a lot of people about entrepreneurship that thought it was like a charity.
Firoella Riccobono explains that social entrepreneurship is not charity because since its just emerging as an idea, she thinks that charity is not sustainable enough to do the job. You can’t build your business on not knowing when or how much money you are gonna receive from charity. They combine government, non-profit, and traditional business in order to create a sustainable business. These innovators create large sustainable models by addressing an issue in the world like poverty, pollution etc.
Fiorella says, “I believe social entrepreneurship is the future of business and policy making.” I agree with her statements beacuse I think that future and presents Entrepreneurs are thinking in ways to make the world a better place. This impacts lots of people by the fact that they are attracted to make the world a safer and healthier place for everyone, especially for the people in need, like the homeless. While lots of people are getting involved in business, the majority will want to start their own social Entrepreneurship campaing which gives a high income and helps the world to be a better place.
I agree with Fiorella because the next generation of Entrepreneurs are trying to find new ways to make the world a better place. This has a huge affect on people today, For example the more unfortunate people.Now a days everyone want their own business where they can do something for money. But Fiorella addressed social entrepreneurship is like a charity where you get a profit from. This is another way we are trying to develop something new to make the world a better enviroment to live in.
I forgot to add that either most or all charities don’t profit, and that this is why she talks about the topic this way.
Fiorella Riccobono stresses that social entrepreneurship is not charity because for the business to thrive and grow it must have a stable amount of money behind it. The business can use help from donations but it cannot purely be charity. If it were to rely only on donations, it would not be sustainable over a longer period of time. Social entrepreneurship is for the benefit of important causes like the homeless. Having financial support ensures they can do their job.
When Fiorella Riccobono stressed that social entrepreneurship is not charity, she meant that social entrepreneurship although helping people, helps the person who made it generate income, while charity is straight up giving people or organizations money or aide without getting profit. This is an important difference because charities rely on donations and volunteers more than anything, and you never know how much you’ll get over relying on others. In a social entrepreneurship, you are responsible and you make money.
1. Fiorella Riccobono explains that social entrepreneurship and charities are different from one another: A charity is a nonprofit action that is made to see some sort of change in the world, for the better. However, it is made quite clear that social entrepreneurship is a business. Even though it receives donations, it is a business that generates some sort of profit; but, nevertheless, a business with a goal in mind, one that is to make the world better than how we found it. It’s important to make the distinction because a social entrepreneurship is better able to maintain itself without having to purely rely on external sources and donations.
When Fiorella states that social entrepreneurship is not charity work, I attatched that to the fact that it is strictly enterprises for a social change. The business owners in the social enterprise industry understand that they are not being given money for a cause nor are they raising awareness. Social enterprises are not charities because charities are given donations by others. Social enterprises on the other hand can be funded, but can not be donated to. This is a important distinction to make so that other do not get confused and make mistakes when they are starting their own businesses. It is crucial to make this distinction for the sucess of other businesses to come.
When Fiorella says that social entrepreneurship is not charity, she means that if you want to start a business, you have to have stable money behind it to produce it. Social entrepreneurship is a business that makes profit. In charities, you only get money for volunteers, not knowing if you will make lots of profit. Fiorella expresses this because she wants people to know that in entrepreneurship, you have to work or your business and get profit, not getting money from charities.
When Fiorella state that social entrepreneurship is not a charity, she is referring to the fact that charity relies only on founds specific for one cause, which may not be sustainable for a long enough time. Mean while social entrepreneurship, focusses on founding multiple things like homeless, and is not exclusive to one major cause, but is open to a variety of major causes.
What Fiorella means when she says that social entrepreneurship is not charity is that charity is when you raise money or objects for a cause or for a specific person or place. It for people and places that are less fortunate and cant afford a lot fo things. A social entrepreneurship is when you are making a profit out of something. You also focus on many different thing, not just one cause.
i agree because a lot of people don’t know the difference of social entrepreneurship and charity the difference is that in entrepreneurship you gain money in charity you donate money which means you’re losing money.
I agree with Fiorella’s statement on how social entrepreneurship is the future of business and policy, I agree with it because it is changing the way by how people see things. For example, the article states, “People are no longer seeing global poverty as a call for charity, but as a place of economic and cultural growth.” New students will exposed to social entrepreneurship and soon enough, there will be plenty of individuals who will use innovative business tactics to create solutions.
Yes, I agree with what Fiorella states. It is the future of business and policy making because you need to “promote your mission” and find funding for it, all while getting other people involved in whatever you may be promoting. These are essential paarts of growing your business.
I do agree that social entrepreneurship is the future of business and policy making. Many people in the world have the desire to make it a better place for everyone; however, they don’t know how or where to start. With social entrepreneurship, the goal is help and contribute while still making a profit. By doing this, both sides have the ability to grow and prosper. The best part is that you are making the world a better place.
I agree that social entrepreneurship is the future of business and policy making because companies would have a steady flow of income to them instead of a charity which will have money coming in for one specific cause. Social entrepreneurship will be successful considering how many young minds we have for the future, bringing it to a new level and presenting fresh new ideas into the social entrepreneurship world, changing it completely, allowing success. This is the successful future we have.
I believe that it is stressed that social entrepreneurship is not charity because the organization does not only depend on donations to succeed, they have had a stable amount of money behind them in order to strive as the organization they are. Unlike charities, social entrepreneurship make a profit. This is important and stressed because social entrepreneurship’s need to work for their money and sell instead of relaying on donations and charity events to become a better organization. Social entrepreneurship’s are businesses; they do not depend on donations and they also make a profit. The business also can not be continued if they are not making money on their own.
When Fiorella states that social entrepreneurship is not charity, she means that when you volunteer for charity, you only give. There is no economic balance if you always give, and don’t get anything back. We need to do charity when there is crisis. If not, the economic balance would go down. What Firorella states, makes a lot sense because social entrepreneurship has a economic balance circle that goes around and you make profit in one way or another, but charity does not have a profit if you only give.
When Fiorella states that social entrepreneurship is not a charity, she means that social entrepreneurship is a force used to help people. She states that charity is not a sustainable money flow for a business. Social entrepreneurship, however, is something that people use to (not exclusive to) helping the homeless, sustaining the planet’s resources, and finding ways to make profits for a business. She makes this important distinction because she wants to differentiate between between charity and the work that her and social entrepreneurs do. Charity is an unsustainable source of business, and that is not the goal for social entrepreneurs; social entrepreneurs work to aid people in growing a sustainable economic system.
When Fiorella Ribccobono says that a social enterprise is not charity, she believes that an entrepreneurship that seeks to gain a profit, fails to create a sustainable charity. Therefore, a social enterprise uses specific causes to aid in its operations. For example, rather than giving coffee farmers a percentage of the profits, the coffee food truck buys its coffee beans from farmers who use sustainable methods of farming.
This allows the farmers to get a profit and be able to live off their work rather than relying on charity. This distinction helps Fiorella argue the benefits of being a social enterprise for the business and the cause, rather than the charity that does not allow the cause, in this case the farmer, to grow at all. Charity promotes a stagnant, one-way economy that has no advances of any kind. Although charity is important in a crisis or catastrophe, a social enterprise is beneficial in aiding the economic growth of two bodies of work.
when Fiorella says that social entrepreneurship is not charity, she means that if you want to start a business, you have to make stable money behind it to produce it. Social entrepreneurship is a business that makes profit. In charities, you only get money for volunteers, not knowing if you will make lots of profit. Fiorella expresses this because she wants people to know that in entrepreneurship, you have to work or your business and get profit, not getting money from charities.
In the article, the author, Fiorella Riccobon, stresses that social entrepreneurship is not a charity. She uses two important distinctions to explain this. The first is that it’s a more stable business format. Charities rely on donations for their income and funds. Social entrepreneurship sells goods and uses the profit to help others. The second is the way they help. Social entrepreneurship teaches people to support themselves by getting fair wages like the Haitian coffee farmers. Charities give money or food which only helps people when they are there.
It is important, social entrepreneurship is more than just a charity. Even if the businesses your talking about or involved in a nonprofit business, it will sustain its self better than a charity. All charities come to a soon end. you must have a bullishness plan when it comes to whatever your collecting profit for. Charity does not have a foundation like a businesses does. An innovative business will help you make a better profit.
Fiorella is stating the social entrepreneurship is not like charity. Shes saying the for charity it doesn’t last for a long time, entrepreneurship is not on one major thing.
Malala has won the Nobel prize inspiring woman and helping the communit
Giancarlo amazing statement
I believe that when Fiorella mentions social entrepreneurship isn’t charity that she is referring to the fact that charity is something that is done for the sake of a devastating event or in other words a single reason but on the opposing side of things , she is saying that social entrepreneurship is for a diversity of necessities including for example as one of the subtitles in the article says “helping the homeless.”
The details given by Fiorella in the article on what a social entrepreneurship does and its functions is truly brilliant. The new level that these social entrepreneurship are achieving is remarkable as they create a business that benefits small businesses, helping in the community, and produce a profit. It’s a truly beneficial business for all aspects included.
As far as the article goes, Fiorella did a really good job distinguishing between charity and social entrepreneurship. Before reading this article, they were both the same thing in my mind. She makes this distinction for exactly this reason, so people are more educated about social entrepreneurship and her business. The way I see it, social entrepreneurship is an equilibrium between charity and the economy. Charity isn’t a sustainable lifestyle, but a social enterprise is. In my opinion, a social enterprise uses the efficiency of the United States economy to benefit the person in charge of the business and others.
When Fiorella said that social entrepreneurship is not a charity, she is stating that charity relies on other founds for only one cause. When you start a business, you need some money to put behind it to support the business. Charity relies on other people to give money. With a business, there is an economic flow of money. Even though donations are involved in a business, its gains some sort of profit. You cannot build your business not knowing where or when your money is coming from. Charity doesn’t generate profit, this is why she said it that way.
I agree with Fiorella, that social entrepreneurship is not charity. What she means by that is charity is when you give to a cause if there is something horrible occurs, such as hurricane Harvey, you would give money to charity to give the people of Houston. But in this case, social entrepreneurship is when you teach someone how to do stuff like make their own food by people teaching them how to farm or raise cattle so they won’t need to be so dependent for others to give them money.
Fiorella stresses that social entrepreneurship is not charity. Even though social entrepreneurs and charity both rely on donations and are similar, social entrepreneurs can’t create a business of it because charity is not sustainable. She wants readers to understand the difference between social entrepreneurship and social services because most people think they are similar.
When Fiorella Riccobono says that social entrepreneurship is not a charity she means that charity is just giving away without gaining any profit out of it. A social entrepreneurship is different because social entrepreneurship makes a profit; it helps a community in some ways but it also benefits the entrepreneur in other ways. There’s a saying that Ms. Zocco said “Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.” This saying explains much about what social entrepreneurship. An example of a social entrepreneurship is, you put a business in a poor town, you teach all the poor people in that town how to do the job and hire them. You pay them a wage that is going to allow them to live comfortably and they are good. An example of a charity is going to a poor town and just give them money. That will only help them for some time. She makes this important distinction because social entrepreneurship is much better than charities. It helps the people, it makes them work, and it helps the entrepreneur make a profit. Charity helps society but it doesn’t improve society as much as social entrepreneurship. This is important to know because the more people make social entrepreneurship, the less poverty will be in the world.
When Fiorella states that social entrepreneurship is not charity, she is referring to the fact that charity relies only on founds and specific for one cause.
It’s not the same because , although social entrepreneurs may need donations to launch their endeavors, they are not going to be able to create a business based on donations. Charity is not continuous. Just imagine building a business when you don’t know where your next dollar is coming from or when, you can’t. This is actually important because social entrepreneurs are individuals who draw on innovative business strategies to create solutions to societal issues. So, this is what I think.
Fiorella stresses that social entrepreneurship isn’t a charity because it isn’t. In order to start a business and have it flourish you need more than just donations to do that. Even though the two have their similarities (meaning they both rely on donations), they are different. You can’t just base your business on a “maybe”, because there’s no 100% that there will be more donations. That’s worry-some for your clients and yourself. Entrepreneurs may use the donations to start off but later own they’re going to have to make better decisions so they gain money instead of receiving it form anonymous or known doners.
When Fiorella Riccobono stresses that social entrepreneurship is not a charity, she’s referring to the fact that a charity is when people give without getting anything out of it. Rather, she wants people to understand that in social entrepreneurship, the entrepreneurs are helping with societal issues but they are building a business not a charity.
When Fiorella said that social entrepreneurship is not charity, charity rely on donations for only one cause but charity isn’t sustainable. All charities will help for some time and come to a soon end. But social entrepreneurship is an equilibrium between charity and economy because makes people work and help the entrepreneur make profit and improve de community. Malala Yousafzi and Muhammad Yunus are positive and influential contributions to de society. Malala advocates for women education and Muhammad created the concept of microfinancing. I agree when Fiorella says, “I believe social entreneurship is the future of business and policy making.” Because the more people who make social entreneurship with innovative business tactics the more solutions to social issues.
When Fiorella Riccobono stresses that social entrepreneurship is not donated, she means that social entrepreneurship is not focused on raising money. Social entrepreneurship is a business that benefits when money is used. Of course you are going to need to donated money from somewhere, but the purpose of social entrepreneurship is to run a business not to collect money. Clearly, Fiorella makes this important distinction because she wants to show the readers that social entrepreneurship and donating are two separate things.
Florella says “I believe social entrepreneurship is the future of business and policy making”, which I have to totally disagree on. I’m surprised that no one has talked about Corporate Social Responsibility (CSR), which is mandatory in many countries, as a % of the net profits made by the firm. Why are firms doing this? Well, if they make a difference (e.g. build a school for a rural place in a country), they gain good publicity. As consumers are getting richer now, they may choose to buy a good or service from a firm with good reputation. By enacting CSR, firms have a better brand image as they are seen to be kind, caring, and giving back to the community. Is this the truth? No. Firms are doing this for more profits and revenue. They can gain more demand and consumer loyalty by CSR.
Now back to social entrepreneurship. This is different from CSR as CSR can be donating money to a major firm. Right now, businesses focus on whether their acts are moral and ethical, as they may be creating lots of external costs e.g. pollution which decreases health of the labour force. Most businesses are for profit – only non-profits will focus on social entrepreneurship. Trust me, it isn’t highly profitable.
I have a social enterprise myself, from the club I created. I’ll talk about the club and distinguish between social entrepreneurship and donating / charities. They are different, but are similar in some respects. Both need money to operate. How do charities get money? They ask people to donate, which is usually tax deductible if they are a 501c3. How do social entrepreneurs get money? They have to get it themselves, which is a very proactive process. Most people get investors. However, I’m only 15, so I gain money by starting a business and profiting. I use those profits to operate my social enterprise.
Florella continues with “Social entrepreneurs do not have an idea and then apply it. Instead, they go directly to the source of the issue and ask what is needed. Based on that answer, they build their business plans. Social entrepreneurs are often empathetic, bold, open-minded and tenacious”. I totally agree on this, but as I am a student, I’m working with a 501c3, and together we are developing a model on how to alleviate poverty and hunger in a part of rural China. We’re working on small ‘life packages’, containing different proportions of food, sanitation, clothing, etc. and we’re finalising the model. Our solution is very meaningful and may bring a whole village out of the absolute poverty line. However, similar to a charity, we need funds to operate and purchase the food packages. I am the social entrepreneur, while the 501c3 is the charity. The charity of course has more funds as they are tax deductible, and a trusted organisation. On the other hand, I have less funds because I’m gathering it myself, but together we make a good group to help fight against the 1st and 2nd UN SDGs!
Finally, I’d like to comment on Malala, a true inspiration. There is a club at my school based off Malala’s vision, providing more education for girls. Although we live in a rich district in the metropolis Shanghai, there are rural places in China (places which need food packages) where girls don’t go to school. Malala’s story has made the whole world realise how inequality still exists, and keeps reminding us to fight against it. I’m so happy that service learning has just been approved at our school as a mandatory academic subject :).
Also, commenting a little more on Malala – her life has a “conveyor belt” image, as she was brought up in an elitist family who trained her to be the voice for many women. Her success would not have been possible without her father. Of course, she was very determined herself as she was stronger than before after being shot and fortunately surviving. Malala wasn’t a social entrepreneur, but more like a political ambassador / representative. Her Noble Peace Prize win raised more awareness of the issue of inequality, to empower women for education.
In the mere chance anyone stumbles by my post nearly 1.5 years ago, I’d like to make a correction after learning much more about impact investing and creating a business with impact. My previous viewpoints still remain the same (well, CSR is mutually beneficial for both the firm’s publicity and those who are supported by the received money/projects – it’s a win win!). However, social enterprises can be for profit. There are many impact investing firms, mostly venture capitals that invest in businesses that will both generate profits and a positive societal impact. Hence, social enterprises can definitely be profitable.
Also, update to the social enterprise I founded. Co-organised event with Rise Against Hunger where 220000 meals were packaged and distributed in Oct 2018!
Great. This article is excellent. I have read many articles with this topic, but I have not liked. I think I have the same opinion with you. ATTITUDE QUOTES
As stressed by Fiorella Riccobono, Social entrepreneurship is different than charity. I feel the same here as charity is merely done for compassion towards humankind and measured by the donations acquired, social entrepreneurship is done for social change and welfare.
When Fiorella says, “I believe social entrepreneurship is the future of business and policy-making”, I completely agree. The concept of innovative thinking is lacking in this world and by social entrepreneurship, such skills are highlighted.