BU111 Lecture Notes - Lecture 4: Social Entrepreneurship
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Responsibility to society: areas: poverty, health, education, human development index, economic growth not a complete solution, look beyond aggregate figures; consider income inequality. Responsibility to society - why: diffuse the issues of social decay, political chaos, terrorism, affect human capabilities. Social entrepreneurship (i. e. sos: business and community partnerships (i. e. grameen/danone) Innovative business models & leveraging business skills contribute to social development. Responsibility to customers: areas: pricing, advertising, rights, why focus on it, avoid adverse actions, purchase goods and services thereby providing businesses with revenue, avoid increased regulation. Fair pricing: ethics in advertising & brands. Responsibility to employees: areas: hiring, promotion, compensation, training, why focus on it, provide businesses with talent, skills, labour, actions, responsible hiring and promotion, safe working conditions, opportunities for advancement, respectful treatment, protection of whistleblowers. Investors provide businesses with capital: new regulations due to repeated irresponsibility, more independence, new practices, new disclosure rules, different social attitude - cdn. Legal action against directors and managers: actions:
