Social Entrepreneurship Pays Off in Many Ways

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As I was scavenging through some of my classmate’s blogs, Carolina’s most recent post pertaining to social entrepreneurship caught my attention. Her discussion of Justus Uwayesu provided me with insight about a particular social issue that I believe would ideally be addressed by various social enterprises. The ever-increasing cost of attending college means that there many bright, capable, and talented young minds that miss out on this opportunity because of financial reasons.

A global issue of this magnitude cannot be fixed with just one solution, however, I do believe that the establishment of social enterprises with different business models will be instrumental into progressively bringing change. I want to relay what Carolina mentioned in her blog in terms of the fact that charities are often difficult to sustain which is why the entrepreneurial approach of social enterprises is more effective for creating viable solutions. The challenge to society in terms of bringing more of these businesses into fruition is the lack of understanding many people in the business world have about creating shared value. It then becomes the responsibility of the next generation of business leaders to broaden the scope of the professional world with the emergence of new businesses that use commerce skills to produce profits, as well as improving social and environmental wellbeing.