Interim Director of RSA Global at The RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce)
All Sessions by Alex Soskin
Room 1 - Main Stage
Mythbusting Social Entrepreneurship
20:00 - 20:45
Social entrepreneurship has become a buzz word globally. Some would say it’s another gimmick of the capitalist market to carve a niche for another avenue of commerce. USA in particular have caught on to this jargon in order to differentiate themselves from others. Sri Lanka was introduced to ‘sustainability’ and ‘social impact’ not long ago but its seems that such values had been inherent in our enterprises all along.
Incubators, accelerators and impact funds targeting social entrepreneurship is mushrooming in the world. ‘Impact investment’ wanted to break the cliche and broaden the definition to include any business which had a net positive impact on environment and society. USA introducing the b-corp registration paved way for corporates to consciously think about the impact to the world in their journey to make profits and be incentivized for it.
Somehow profits seems to be a bad word in the world of social entrepreneurship. Could a social enterprise be a profitable business? What are the models of social entrepreneurship? can every entrepreneur be a social entrepreneur? How do i determine the net positive impact of my business? What is the role of digital in causing positive social impact?