Academic Journal of Business & Management, 2024, 6(10); doi: 10.25236/AJBM.2024.061012.
Jiajia Zhu
Curtin University, Singapore
Through their business, social entrepreneurs can have a positive impact on the world and are considered the most powerful force for good in the world. In recent years, more and more companies are utilizing their business skills to solve social problems ignored by governments and companies around the world. In this article, Scott Harrison discusses Charity: Water, a non-profit that provides clean water to people in developing countries. It hopes to help 1.1 billion people who do not have access to clean water. The Grameen Bank, founded by Muhammad Yunus, provides loans to poor, unemployed, and women in Bangladesh, enabling them to earn income while repaying loans. A 1% share of Patagonia's profits will be used for environmental protection, as pledged by its founder Yvon Chouinard. In order to encourage other businesses in the business world to contribute to social and environmental welfare, Yvon Chouinard founded a non-profit organization. Social entrepreneurs are not just interested in creating profits for themselves. Their mission is to observe the problems in modern society and begin businesses that help the poor get out of poverty and receive the basic necessities of life.
Social-entrepreneurs, Nonprofit, Charity
Jiajia Zhu. Social Entrepreneurs Utilizing Business as a Force for Good. Academic Journal of Business & Management (2024) Vol. 6, Issue 10: 71-76. https://doi.org/10.25236/AJBM.2024.061012.
[1] Peredo A M, McLean M. Social entrepreneurship: A critical review of the concept[J]. Journal of world business, 2006, 41(1): 56-65.
[2] Hébert R F, Link A N. The entrepreneur as innovator[J]. The Journal of Technology Transfer, 2006, 31: 589-597.
[3] Austin, James, Howard Stevenson, and Jane Wei-Skillern. 2006. “Social and Commercial Entrepreneurship: Same, Different, or Both?” Entrepreneurship Theory and Practice 30(1): 1–22.
[4] Zahra S A, Gedajlovic E, Neubaum D O, et al. A typology of social entrepreneurs: Motives, search processes and ethical challenges[J]. Journal of business venturing, 2009, 24(5): 519-532.
[5] Nieuwenhuizen C. Innovation and social value creation of female social entrepreneurs in Africa[C]//ECIE 2020 15th European Conference on Innovation and Entrepreneurship. Academic Conferences limited, 2020: 419.
[6] Steinerowski A, Jack S L, Farmer J. Who are the Social'Entrepreneurs' and What Do They Actually Do?[J]. Frontiers of Entrepreneurship Research, 2008.
[7] Marlin J, Berry E. Water Changes Everything: The story of charity: water[J]. The World is Our Home, 2010, 2.
[8] Meeyoung Lamothe. The Routledge companion to nonprofit management[M]. London: Routledge, 2020.
[9] Schoenewald L C. “Water” You Waiting For?: A Narrative Analysis of How Charity: Water, Water. org, and Generosity Water Create Organizational Identities on Their Websites[J]. 2015.
[10] Brouwer S, Hofman-Caris R, van Aalderen N. Trust in drinking water quality: understanding the role of risk perception and transparency[J]. Water, 2020, 12(9): 2608.
[11] Khandker S R, Khalily M A B, Khan Z H. Grameen Bank: performance and sustainability[M]. World Bank Publications, 1995.
[12] Dezi L, Hysa X, Calabrese M, et al. Open Total Quality Management in the Circular Economy age: a social enterprise perspective through the case of Patagonia[J]. Total Quality Management & Business Excellence, 2022: 1-15.
[13] Smith, Brett R., Joshua R. Knapp, and Benedetto L. Cannatelli. 2020. “Entrepreneurship at the Base of the Pyramid: The Moderating Role of Person-Facilitator Fit and Poverty Alleviation.” Journal of Social Entrepreneurship. 1–25.
[14] Ellis T. The New Pioneers: Sustainable business success through social innovation and social entrepreneurship[M]. John Wiley & Sons, 2010.