November 2014

Class 20: Social Enterprise and the Arc Initiative – Why we need them

“If the United Nations was fully funded why would we need the Arc or social enterprise?”

To answer this question, we need to first understand that the United Nations and social enterprises are different in terms of structures and how they function to promote systematic social change. The United Nations is an international organization with 193 member states and it is mainly involved in peacekeeping and humanitarian assistance, as well as other fundamental social issues such as environment and refugees protection. Due to its mega scale, multiple missions and member nations’ vast interests in power play, it is indeed difficult for the UN to create long-lasting social changes that could have a direct impact on all the communities in need of help.

On the other hand, social enterprises have much smaller scales. They are driven by individuals who could turn creative thinking into direct action to invent new approaches that tackle social issues. Social entrepreneurs personally get in touch with the communities to hear their voices and subsequently take small but practical steps to develop solutions. It is very efficient and successful in generating sustainable social values, as exemplified by the stories of many inspiring social entrepreneurs around the world such as Muhammad Yunus. The founder of Grameen Bank, he offered micro loans to the impoverished in Bangladesh, empowering them to become more economically self-sufficient. I really admire his ability to see the opportunities that others easily missed and furthermore his determination to disrupt the status quo. The world definitely need more people like him.

In all, even though the United Nations was fully funded, we still need social enterprises to serve as a complement and driving force to effect social change and make the world a better place for our generation as well as the future generations.

Food for thought: Response to Angela’s blog

IMG_54841

In her blog post, Angela has addressed the issue of the recently proposed increase in international fees and residence fees by UBC. I totally agree with her on this issue, as the price increase will add further to international students’ heavy financial burdens. What distresses me more is that the university did not provide any concrete and convincing reasons to support their proposal. Just because other top Canadian universities have also increased the tuition fees doesn’t mean UBC has to do the same to “stay at the same rank”. After all, it’s the quality of education and students’ experiences that matters.

Meanwhile, according to a CBCnews article, UBC is spending more than $127 million on building a new college, known as Vantage College, catering exclusively to high-paying international students. UBC even openly admits that it is intended to “alleviate financial pressure on the university”. However, the exorbitant tuition fees paid by Vantage College students may not guarantee them a more enriching college experience. Based on my personal observation, the integration of those students into the big UBC community is proven to be really difficult. The university should focus more on helping them to be integrated into campus rather than treating them as revenue generating machines.

 

Image Sources:

http://ubyssey.ca/wp-content/uploads/2014/10/IMG_54841.jpg

Innovation & Entrepreneurship: WeWork’s success

WeWork-Meatpacking-Large-OfficeI first came across the idea of co-working spaces when I was doing research for our group project Internet Café. Co-working spaces are in hot demand nowadays as they provide a platform for independent business professionals or small companies to work together in a creative and flexible working environment. There are many successful stories of shared office operations such as WeWork, the leader in this surging co-working space movement.

There are many things to learn from WeWork’s founders, Adam Neumann and Miguel McKelvey. They saw the need to change the old model of office space to cater to current societal trends and did not hesitate to put their ideas into action. The two entrepreneurs were ambitious and willing to take risks, seizing the opportunities to expand as fast as they could cope as they had confidence in their start-up. In addition, they were not willing to make compromises and were determined to create what they believed to be the ideal co-working spaces. Most importantly, Neumann and McKelvey have passion in what they are doing and it motivates them to get over obstacles and challenges along the way.

 

Image and Website Sources:

https://www.wework.com/wp-content/uploads/2013/12/WeWork-Meatpacking-Large-Office.jpg

http://www.forbes.com/sites/alexkonrad/2014/11/05/the-rise-of-wework/2/

How Popeyes reinvented itself to win the fried chicken war

PopeyesLogo

KFC, the traditional incumbent in the fast-food industry, is busy closing down bankrupted stores currently. On the contrary, Popeyes is embarking on an aggressive expansion plan, opening new stores and even buying former bankrupted KFC restaurants. Their respective competitive strategies and operational effectiveness play a key role here.

KFC, although still drastically outnumber Popeyes in terms of number of stores both domestically and internationally, is lagging behind the competition due to old menus and many uninviting stores in poor locations. Because of its mega scale of business, managing all stores equally well is proven to be logistically difficult. Popeyes, however, is equipped with menu innovation, more widespread media promotions and improved relationships with its franchisees, contributing to store renovation efforts. Also, Popeyes does not offer salads in an attempt to follow the health-conscious trend, unlike KFC and many other fast-food restaurants. Personally I think it is a brilliant move as it allows Popeyes to stand out and focus more on its flagship fried chicken.

In all, Popeyes’s resurgence and KFC’s decline are a testament that leading companies need to vigilantly watch over their businesses while actively engaging in innovation and improving operational effectiveness. Otherwise, they will risk of being overtaken by strong rivals.

 

Image and Website Sources:

http://www.cooperkatz.com/images/uploads/PopeyesLogo.jpg

http://www.forbes.com/sites/briansolomon/2014/11/05/kfc-killer-how-popeyes-reinvented-itself-to-win-the-fried-chicken-war/

Can Ello – or Any Social Network – Take on Facebook ?

ello-vs-facebook

The social network space is oversaturated nowadays. Yet Facebook’s leading position seems unchallenged. The key leverage of Facebook is its massive number of users. Last quarter, Facebook passed 1.19 billion monthly active users. The significant network effects it created make it hard for any social network sites to unseat Facebook.

However, Ello, the new invitation-only social network service just launched this year, seemed bent on taking the challenge. Its “simple, beautiful, ad-free” web page was quite the opposite of Facebook’s cluttered ad-spamming home page. Also, manipulative user tracking system and controversial privacy settings do not exist on Ello. After reading their privacy policy, I find out that users are even given the option to opt out of information sharing. Nevertheless, despite all these fancy features and its exponentially increasing popularity, I still remain skeptical about its goal of taking on Facebook. The reason is simple. With so many existing free social network services available, like Instagram, Snapchat and Youtube, creating a large enough user bases while aiming to make a profit out of it really takes time and lots of trial and error, especially since Ello is determined not to take money from any advertisers. Maybe the optimal strategy is to stay in its niche social network with its selected artistic users.

Image and Website Sources:

http://acmconnect.com/blog/wp-content/uploads/2014/09/ello-vs-facebook.png

http://knowledge.wharton.upenn.edu/article/can-ello-social-network-take-facebook/