In this Metier Digest article, writer Lea Reyes discusses how the world is making a shift from the traditional 'for-profit' businesses in favour of the 'for-purpose' model.
Reyes lists down three reasons why people should look at incorporating social entrepreneurship principles in their organizations.
The three reasons include the following: 1) Social entrepreneurship keeps your business competitive; 2) Social entrepreneurship combines the best of charities and for-profits; and 3) Social entrepreneurship creates a better economic environment.
Reyes also writes how social entrepreneurship is creating a sense of fulfillment in making a difference in the world.
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Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.