Two of the aims of the business and management programme refer to ethics and to social responsibilities of organisations:
- promote awareness of social, cultural and ethical factors in the actions of organizations and individuals in those organizations
- appreciate the social and ethical responsibilities associated with businesses operating in international markets.
So the IB programme encourages a broad view of business, from profit-making to non-profit making, and asks students to examine what business is and what it does, or should do, in a number of national and international contexts.
In this section we examine a relatively new approach to employing business techniques in a not-for-profit setting, to improve social conditions and opportunities.
Read the articles:
- Social Entrepreneurs (and listen to the podcast if you have time)
- Business skills solving social ills
(you can read these in the windows below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.
Define the term 'social entrepreneurship'.
Many people argue that social issues are not 'the business of business'. Discuss the validity of this approach.
"A new breed of compassionate capitalists are beginning to stamp their mark on the world as 'change-agents' for society." Explain what is meant by this statement.
Analyse how the objectives of a social entrepreneur will differ from those of other entrepreneurs.