Well in the case of ETIC, the “Enterprise Turnaround Initiative Corporation,” such a duty is a responsibility. After learning more about Social Enterprise, I realized how detrimental this theme could be in our society. ETIC showcases the usefulness of Social Enterprise through their program, which essentially provides the necessary people and resources to start-up companies that were tarnished or completely ruined through a) the tsunami b) the nuclear meltdown and c) the earthquake. Originally when ETIC first started up, they would simply provide emergency supplies and volunteers during times of emergencies; however, since 2011, ETIC has changed their ways and sparked a new movement: a movement of “entrepreneurial recovery.”

ETIC currently has over 200 businessmen from around Japan who have given up their time to “help run temporary housing units, put companies back together, and rebuild the transportation system.”

My opinion is that the main focus here is that these volunteers are real businessmen; people who have vast experience in the field of commerce. Without these people, it would be much harder to create these services and it would slow down the fixing of Japan’s economic status. Japan needs these services, they need to recover from their past devastations.

The World Bank says:

Combined with the tsunami and the nuclear meltdown in Fukushima, it was the most economically damaging disaster in world history, costing Japan an estimated $235 billion.

 

Social Entrepreneurship, from my understanding, is all about addressing a social problem, whether it deals with homelessness or the inability to separate yourself from the vicious poverty cycle. It’s about addressing these problems with business strategies. ETIC acts as a great example of a social enterprise. With the withered economic status of Japan, ETIC found it fit to provide business people to help create new businesses which in turn will help lift Japan from the dust.

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