The Best of Social Impact: Must-read Articles of the Month (May 2019)
Social impact, entrepreneurship, and innovation — if it’s interesting news, you’ll find it here. These stories may not be the ones on top of your news feed, but chances are they’re the ones you’ll actually want to read. Whether it’s opinions on creating positive social change – or the simply the valuable lessons learned along the way, here’s a round up of the past month’s most interesting articles.
The lack of communication and gaps in understanding the necessity and the needs of social enterprises results in governments, investors, and startups to be ‘lost in translation’. For a starter pack, it would be recommended to focus on those three ‘blind spots’ for social entrepreneurs.
Social enterprise has been missing in action from the 2019 federal election, writes Young Change Agents co-founder and CEO Margaret O’Brien, as part of a series of articles looking at what the social sector wants from the incoming government.
The brand has always been ahead of the curve when it comes to understanding what societal expectations are, so it comes as no surprise that it has two well-rounded platforms that support social entrepreneurs–Red Bull Amaphiko (aimed at social entrepreneurs from all backgrounds) and Red Bull Basement (aimed at social entrepreneurs coming more from a technology and coding background).
Nearly one in five business school students are willing to sacrifice more than 40 per cent of their salary to work for a responsible employer, according to a major survey.
As the name suggests, the Global Goals are ‘global-based’, not ‘government-based’ and rely on diverse actors streamlining their efforts through partnerships and collective action. So if you’re not quite sure where your impact fits into the picture, sit down and read up. Speaking the SDGs language shows that you’re part of the solution, and is attractive to the investors, consumers, governments and partners who are increasingly using it as a framework to decide who to do business with.
The Blockchain Impact Ledger was spearheaded by New America’s Blockchain Trust Accelerator with support from Social Alpha Foundation. The Blockchain Impact Ledger adds to the previously launched Blueprint for Blockchain and Social Innovation, which sheds new light on how this emerging technology is moving the needle on social causes.
An analysis of the social impact of PR and communications agencies has revealed that 80 per cent of practitioners have helped meet the UN Sustainable Development Goals (SDGs) through their work.
Impact Investing Is the Quiet Revolution Taking Shape Across Our Economy — and It’s Just Getting Started
Impact investing is on a track to hit a trillion dollars in the near future — taking impact investing out of a nascent, early days phenomena to a movement heading toward the mainstream.
For years we’ve fundraised the same ways – direct mail, gala balls and fun runs, to name a few. But with over 55,000 registered charities in Australia it’s an increasingly crowded marketplace. And it’s only going to get more competitive with declining government funding and increasingly demanding funders with expectations around personal involvement and impact measurement. So how do you stand out?
Minister for Employment and Small Business Shannon Fentiman has announced at the launch $240,000 in funding for Queensland’s peak social enterprise body.
It’s impossible to be a social enterprise—a company that serves both a social and a business purpose—without respecting the newfound power of the individual. Individuals are one of the three key macro forces driving the rise of the social enterprise, alongside expectations that businesses will step in to lead on society’s biggest issues and the impact of rapid technological change.
London, New York, Paris and Tokyo are some of the most visited cities in the world. However, if you’re a social entrepreneur looking for a different type of trip, here’s a list of a few destinations we’d recommend checking out for their dynamic social enterprise scene.
Only 19 percent of business leaders say they are ready to lead the social enterprise, according to a Deloitte study – despite its increased importance.
Picture the scene. You’re a fly on the wall at the monthly board meeting of a large company. The directors – executive and non-executive alike – are discussing a memo from the head of procurement who has just added not one, but two social enterprises to the list of approved suppliers. Eyebrows are raised. Does this represent a business decision, or is the procurement chief improvising a departmental corporate social responsibility initiative? Some on the board are even asking if social enterprises can be considered real businesses.
Social Entrepreneurs are brave souls that have identified wicked problems in the world that need solving. Rather than use a non-profit approach, they are using business as a force for good. They see that they can create a business that makes meaning and money.
The majority of social entrepreneurs struggle to make a living from their ventures, so how sustainable is the social enterprise as a business model and why does it present such a challenge?