Essential Nature of Social Enterprise

Why would social enterprise still be necessary if the United Nations was fully funded? The truth is that Social Enterprise addresses issues in a very different manner than the United Nations does. The United Nations tends to look at an issue, such as the underdeveloped economies in third world countries, and to address it by going to very powerful and influential government organizations or companies, and seeing if they can alter policies and conditions in order to allow workers and entrepreneurs to do business with greater efficiency. While this approach is very important, it cannot create the desired economic advancement if the workers and entrepreneurs in these countries do not have the business skills to capitalize on opportunities and ideas. This is where social enterprise comes in to the equation and teaches local entrepreneurs how to build better businesses.

Social Enterprises such as the Arc Initiative do not go to the top of a socio-economic period and try to work down from there, but instead they go to the bottom and try to develop the skills of individual entrepreneurs in order to improve the economy as a whole. In order to build a successful business, people such as Fitih Tesfaye of Shega Shero Eatery in Ethiopia need to know basic business principles. If a significant number of people in these countries become educated on business principles, they will be able to share their business knowledge with others leading to flourishing local economies. When local economies flourish, so will national economies. We need organizations such as the UN  to create conditions that foster economic growth, but we also need social enterprise organizations to educate people on how to create that economic growth.

Source: http://kiecocenterorg.ipage.com/demo22/2013/07/07/social-enterprise-economic-challenges-in-central-indiana-and-the-missing-middle/

 

Sources: http://www.un.org/en/development/

http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/going-global/in-a-crowded-market-ethiopian-entrepreneur-finds-a-sweet-way-to-stand-out/article17912688/

http://skollworldforum.org/about/what-is-social-entrepreneurship/  

http://www.sauder.ubc.ca/Global_Reach/ARC_Initiative

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