SOCIAL ENTREPRENEURSHIP 6
The assumption that economists often perceive monetary self-interestas a human nature description, or requirement for surviving in acompetitive market place does not fit with social entrepreneurship.Social entrepreneurship refers to the endeavor of drawing frombusiness methods to get solutions for social issues (Bornstein& Davis, 2010).An individual that follows an innovative concept with the prospectiveof solving a problem in society becomes a social entrepreneur. Theperson takes the risk and works towards the creation of positivesociety changes via personal initiatives (Bornstein& Davis, 2010).The economists’ assumption focuses on self-interest, while socialentrepreneurship focuses on social interest. Illustrations of thelatter involve availing banking service to people from marginalizedregions, taking part in education programs and assisting orphans. Itis apparent that the entrepreneur’s major objective is not gettinga profit. Although there is a private intention of benefitingprofitably, the main aim of the entrepreneur is to make a large-scalesocial impact from the profit generated.
The article Care Ethics and Markets, aims at demonstratinghow or if care ethics is applicable to the business world, inaddition to the link amid care and justice ethics (Nelson, 2010). Inmost instances, justice and care ethics are viewed as opposites. Itis also common to view economic life as contrary to social life.Thus, it almost becomes improbable to demonstrate how care ethics,viewed as interpersonal may be applied in business, yet justiceethics is asocial. This is because social as well as economic lifetakes place in separate spheres. Most individuals disregard the ideaof business ethics completely since they suppose that organizations,being intrinsically driven by the aim of increasing gains, lack theethical space to make decisions (Nelson, 2010). The articledemonstrates that any economic or business action must apply care andjustice ethics in its operations. In the process, the business doesnot just focus on making money, but engaging in ethical and fairactions. This is relevant to social entrepreneurship. Theentrepreneurs are involved in the presentation of ethical ideas,which indulge widespread backing to capitalize on the figure ofcivilians who will support the social action.
The discussion in Self Interest and Beyond employs classicaland modern philosophical notions, in addition to narratives fromliterature and current movies (Holley, 1999). The book engagesreaders to reflect on substitute probabilities for self-advancement.Through consideration on probable selves and lives, readers willbecome capable of giving more depth to self-interested perception.The author makes a challenge to readers to ponder on their individualthinking patterns concerning living (Holley, 1999). The discussiondepicts the superficiality in individual interest. Frequentlyindividuals consider possible gains of an action withoutcontemplating if the gains and manner of living needed in achievingthem fit their notion of life. Following the reflection onself-interest, it becomes apparent that self-interest is seen as arelevant conflict to moral living. In the similar manner, socialentrepreneurship derives from individuals that reflect on theirself-interest to assist society. Social entrepreneurs haveself-interest ideas that are ethical. The ethicality derives from thedesire to engage in actions that are life transforming for others.Social entrepreneurship insists on the need for actions that aresocially acceptable, which are not just a focus on self-interest. Thesame argument is apparent in the book as the author notesself-interested perception is inconclusive unless directed by adesire to meet social objectives.
People, Preferences and Society evaluates the origin of thephrase homo economics. The reading focuses on many complexideas like beliefs, individual-interest, choices, restrictions, normsas well as trade-offs (Bowles,Edwards & Roosevelt, 2005). The chapter also evaluateshuman nature in addition to cultural disparities founded on ultimatumgame tests done by the authors. The tests demonstratesociety-founded behavior disparities, and stress on the unintentionalaftermaths of policy. The authors describe humans as cooperativespecies (Bowles, Edwards &Roosevelt, 2005). This means that people are able to worktogether when the intention is to achieve common objectives. Socialentrepreneurship requires the efforts of people that work togethertowards the betterment of society. The reading demonstrates thatpeople have different individual interests, which resonate topreferences (Bowles, Edwards &Roosevelt, 2005). In the similar manner, social entrepreneurshave the preference of helping others and society in general. Socialentrepreneurship is about focusing on how to solve social problems,which ensures that some of the Marxian notions of class conflictintroduced by the authors are resolved.
The behavior or goals of people influences the decisions they make.This explains why social entrepreneurs help society, because theirgoal is to improve the lives of others. However, not all individualshave the interests of society at heart. At times people makedecisions, which are of self-interest and end up negatively affectingsociety. Enron comprises illustrations of behavior thatdiffers from social entrepreneurship. For instance, in the movie thecharacter Lay is depicted as an individual that benefits from eachloophole through involvement in unethical conducts. During Enron’sinitial scandal that took place in 1987, two managers were operatingfrauds by skimming money to offshore accounts. After Kay was alerted,he encouraged the fraud (Gibney et al, 2005). The unethical behaviorfails to represent social entrepreneurship, which dwells on makingethical decisions. The ideas made by the entrepreneur ought to beethical.
A different illustration that makes social entrepreneurshipdifferent based on the film Enron is Skilling’s idea. Skillingaimed at converting Enron to become an energy trader instead ofproduction. Through the plan, Skilling could come up with an openexchange where individuals could purchase and vend energy (Gibney etal, 2005). The company’s executive could employ their personaltraders for out speculating other traders, becoming the eventualinsider trading. This made it possible for the corrupt leader toforetell in a market by acting as the referee as well as player. Inthe example, it is apparent that Skilling’s objective is to gainfinancially for individual gratification. This differs from whatsocial entrepreneurship advocates. Social entrepreneurship is aboutworking on ideas, which will be important in improving society. Itrefutes the idea of people benefiting from the efforts of others.Instead, people should focus on helping others in succeeding.
The film Mexico: The Business of Saving Trees is a focus onthe need to conserve the surrounding. The illustration of how thefemale character has formed a biosphere. She operates in an industry,which focuses on the notion of trading carbon to assist in theelimination of greenhouse gases. Although there are distracters,businesses from nations that results in massive pollution demonstratean interest in reducing carbon emission. The film is a perfectillustration of social entrepreneurship. As industries realize thenegative consequences of the gases they emit to the environment, theyengage in activities that assist in elimination of greenhouse gases.This is demonstrated through the purchase of carbon credits fornations, which are less polluter.
Bornstein, D., & Davis, S.(2010). Socialentrepreneurship: What everyone needs to know.New York:Oxford University Press.
Bowles, S., Edwards, R &Roosevelt, F. (2005). Understandingcapitalism: competition, command and change. NewYork: Oxford University Press.
Gibney, A., Kliot, J., Motamed, S., Wagner, T., Cuban, M., Vicente,J., Coyote, P., … Magnolia Home Entertainment (Firm).(2005). Enron: The smartest guys in the room. LosAngeles, California: Magnolia Home Entertainment.
Holley, D. M. (1999). Self-interestand beyond. St. Paul,Minnesota:Paragon House Publication.
Nelson, J. A. (2010). Care ethics and markets: a view from feministeconomics. GDAE Working Paper, 10(2), 1-25.