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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“I think, by 2018, there’s an opportunity for New Orleans to be viewed around the country, around the world, as a hub of entrepreneurship for the South,” says Tim Williamson, the CEO and cofounder of incubator The Idea Village, referring to the year the city will celebrate its 300th anniversary.