Right now, I’m listening and looking - it’s not that I’m trying to find answers yet, I’m definitely not there yet. Right now, I’m just trying to formulate the right questions to ask.
Right now, I’m listening and looking - it’s not that I’m trying to find answers yet, I’m definitely not there yet. Right now, I’m just trying to formulate the right questions to ask.
The purpose of this blog is to be able to keep a list of mental notes for myself as I learn more about social entrepreneurship and why it is becoming more and more relevant in world of dichotomy: one part of which is dominated by traditional market failures due to over-stimulation and lack of innovation in a saturated and weary society where wealth is merely being shifted from one account, one form of interest to another and another part that is defined by rapid modernization of emerging third world economies and an upward battle from those residing in the base of the economic and societal pyramid.
I once took a class on Asian-American Popular Culture with my professor defining “Popular Culture” as an alternative to widely accepted history. I believe that microfinance, social entrepreneurship and sustainable development are all alternatives to the traditional definition of “profits” and “bottom lines”.
NextBillion explains much more thoroughly,
“BoP, an acronym for “base of the (economic) pyramid,” is a term first introduced by Professors C.K. Prahalad and Stuart Hart in their 2002 article, “The Fortune at the Bottom of the Pyramid.” It has come to designate not the poverty but the potential of the world’s poorest citizens as entrepreneurs, employees and discerning consumers. It also refers to the approximately four billion people whose incomes are less than $3000 per year (PPP), based on analysis done at the World Resources Institute….
While development aid and political reform are essential components in poverty eradication, equally important are business models that engage low-income communities as producers and consumers in their own robust economies. Successful business models - inherently versatile, innovative, and driven by the profit motive - can sometimes tackle development challenges more quickly and effectively than government and aid mechanisms…”
TLDR; Social Entrepenurship is the future.
