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Headlines
Charity report reveals the most missed things of 2020 | Charity Today, 05 jan 2021
CSR is more than just a yearly affair | Campaign Asia, 05 jan 2021
Volunteering: Give a little, boost your job prospects | Irish Examiner, 05 jan 2021
How to get your team invested in cyber security | Charity Digital, 04 jan 2021
Philanthropy Must Go Beyond Traditional Grantmaking | Stanford Social Innovation Review, 04 jan 2021
7 Reasons Why a CSR Strategy Is Imperative For Your Startup | Entrepreneur, 04 jan 2021
6 Trends In Social Enterprise And Impact Investing In 2020 | Forbes, 30 dec 2020
Business leaders hail social entrepreneurship approaches discussed at Sharjah Entrepreneurship Festival 2020 | ZAWYA, 24 dec 2020
Advice for a Better 2021 - According to the Research | YALE INSIGHTS, 21 dec 2021
Philanthropy: What Actually Is It, and Why Is It so Important in Achieving a World That's Equitable? | Global Citizen, 16 dec 2020
March 2020
Mohammad Anas Wahaj | 28 mar 2020
According to the Global Entrepreneurship Monitor's (GEM) 2019-20 Global Report, more than 40% of entrepreneurs in 35 of 50 countries agree or strongly agree that their motivations to launch a business are to make a difference in the world. Fifty economies participated in the GEM 2019 Adult Population Survey (APS) and more than 150000 individuals took part in extended interviews as part of the research. Entrepreneurs are trying to blend profits with social good and environmental sustainability, giving rise to innovative business models. In 2006 a company called TOMS popularized social entrepreneurship with a 'One For One Model' to provide a free pair of shoes to someone in need for every pair purchased. Jake Strom, co-founder of TOMS, now invests in and consults companies that intend to incorporate social business models into their existing businesses. He termed this as 'Profit + Purpose Model' that encourages for-profit ventures with deeply woven social benefits. Following are key takeaways from this approach - (1) Create Evangelists, not Customers: Company's story is key branding element. Emphasize the social good aspect to inspire customers to become brand champions. It eventually becomes a competitive advantage. (2) Popular Perception Has Shifted: The idea that a for-profit business could do well and do good at the same time has become substantially acceptable. Profit + Purpose model will further grow in future. (3) Purpose-Driven Brands Can't Take Shortcuts: Effective business planning is essential. Do whatever is needed to provide best products and services and work to gain profits. Purpose would provide added motivation. (4) Think Long-Term: Balance the demands of Profit vs. Purpose. Making a sincere effort to put people, planet and long-term sustainability before short-term gains. (5) There is Never a Perfect Timing: The great idea to do good shouldn't wait. Start with whatever knowledge, resources and expertise is available. Keep learning, growing and evolving along the way. Scale-up when the concept is proven in the market. Read on...
Entrepreneur:
5 Takeaways From an Entrepreneur's Profit + Purpose Social Business Model
Author:
Jared Polites
Mohammad Anas Wahaj | 09 mar 2020
Empowering women and girls in rural India is a necessity that can't be ignored. Initiative taken by Gurdev Kaur Deol of Ludhiana (Punjab, India) is trying to achieve it by a self-help group (SHG). She is marketing their produce through Farmer Producer Organisations (FPOs) and making them self-reliant with sizeable income. There are other nonprofits that are transforming lives of women and their families by engaging in various ways. Ms. Kaur says, 'Initially, I formed SHGs involving 15 rural women...Later, I made 'Global Self-Help Group FPO' which is now engaged in production, manufacturing, processing and marketing of food processing items such as pickles, squash, honey besides staples. Currently, we have 300 farmers with 50% of them being women.' Deepika Sindhwani, president of NGO Mahila Kalyan Samiti, says, 'These rural women are talented and need guidance. We have formed 350 SHGs...We have imparted them training in phulkari, jute bags and food processing.' National Bank for Agriculture and Rural Development (NABARD) is also assisting through SHG Bank Linkage Programme by providing credit, skills and micro entrepreneurship development training. J. P. S. Bindra of NABARD says, 'During the past one decade, we have also started forming Farmer Producer Organisations (FPOs) to increase farmers' income. A few of our FPOs have successful women farmers.' Read on...
The Tribune:
Self-help groups empowering rural women in Punjab
Author:
Vijay C. Roy
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