Insights on Social Business Enterprises and Their Impact
School
University of the People**We aren't endorsed by this school
Course
BUS 3306
Subject
Communications
Date
Dec 12, 2024
Pages
2
Uploaded by CoachHorseMaster411
This week, I engaged in my usual professional responsibilities, participated in educational activities, addressed family obligations, and took time to relax. I completed all assignments, which included reviewing educational resources, conducting internet research, and initiating my discussion tasks before progressing through the remaining coursework. This week’s focus on social business enterprise proved to be particularly enlightening. I gained new insights, as is typical of my learning journey.The concept of social business enterprise, also referred to as social enterprise or social business, emphasizes the dual objectives of profit maximization and social impact. These enterprises are specifically structured to achieve identifiable social goals as their primary mission. They not only aim to generate profits but also strive to create a positive impact on societal and environmental issues. In many cases, the profits generated are reinvested into social programs. A salient case study discussed was that of Professor Muhammad Yunus, whose work exemplifies the transformative potential of this model.A new term I encountered was "harbinger," which denotes an entity that signals the imminent occurrence of something—serving as a forecast for future events.I was particularly struck by how Muhammad Yunus employed applied research to enact meaningful improvements in his community and beyond. His efforts have successfully created income-generating opportunities tailored to address the fundamental needs of individuals living in poverty. However, I found myself grappling with the challenge of how to disseminate this vision more broadly to enhance its impact in diverse communities.The skills and knowledge I've acquired underscore the importance of innovating solutions with the potential for global positive impact. I plan to leverage the concepts and insights gained to foster social value by identifying and addressing societal challenges, which will inevitably unveil new opportunities for constructive change. Reference:
Pulos, E., & Jimenez, G. C. (2016). *Good Corporation, Bad Corporation: Corporate Social Responsibility in the Global Economy*. Open SUNY Textbooks. License: CC BY-NC-SA: Attribution-NonCommercial-ShareAlike. https://textbooks.opensuny.org/good-corporation-bad-corporation/