If businesses big and small practice socially responsible behaviour then human society will witness a sea of change in quality of life and hope for a better future. However this can only happen if they are run by managers and leaders who know what it means to run a sustainable business.
Development of BoP needs creating a level playing field through entrepreneurship. This means training rural enterprises in leadership and managerial skills.
Sustainable supply chain directly contributes to the impact created by a social enterprise. It is also the chief instrument in achievement of its social mission.
As a part of my documentary series #economyforall, this short film brings to you voices of people in rural Rajasthan and offers perspectives of functionaries of Haqdarshak, a social enterprise that helps citizens benefit from govt welfare schemes.
People at the Bottom of the Pyramid should be empowered to challenge their status quo and beat poverty. This can only happen when they can participate in the economy as producers. Social entrepreneurs have a major role to play here.
India can truly realize her potential only if she builds an inclusive economy. We believe government alone cannot do this. We need social entrepreneurs to step in.
Problems of poverty and inequality have a complex correlation between them. While governmental policy is the biggest change agent, we need social entrepreneurs to effectively address these problems at the grassroots. Here are some promising social entrepreneurs I spoke to.
While a social enterprise may not have the luxury of using competitive compensation as a carrot, marketing its grand vision for social change to potential leaders and managers, creating a transparent and inclusive culture and empowering its field staff will go a long way in retaining the right talent.
Pulling people at the bottom of the pyramid out of poverty means making productive job and livelihood opportunities available to them. Upaya is playing a role of a catalyst by investing in social entrepreneurs who focus on this through their accelerator program.
#economyforall: Understanding the Need for Equity Over Inequality with Pranil Naik, Founder, LeapForWord
Ashoka Fellow Pranil Naik shares his thoughts on why Equity needs higher focus than Equality to solve the problem of Inequality.