SEA Journal

Where the glass ceiling is already smashed - World Bank

gherkinEach month People, Spaces, Deliberation shares the blog post that generated the most interest and discussion. For September 2016, the featured blog post is "Where the glass ceiling is already smashed" by Monique Villa, CEO of Thomson Reuters Foundation and Founder of TrustLaw and Trust Women.

There is a growing sector where women are rising to the top, smashing through the glass ceiling as never before, and transforming the world with big ideas.

It’s called social entrepreneurship and it’s disrupting the traditional status quo, fostering innovation and developing sustainable business ideas to solve the world’s most pressing social problems.

From training rats to detect landmines, to offering micro-lending to Indian farmers, these entrepreneurs see success not just through financial returns, but also in terms of social impact. The ultimate business goal? To set up successful companies that improve the lives of underserved and marginalized communities. It’s not just about the balance sheet, but it’s not charity either.

A Thomson Reuters Foundation poll, conducted in partnership with Deutsche Bank, UnLtd, and the Global Social Entrepreneurship Network (GSEN) shows that women are embracing social entrepreneurship, especially across Asia.According to our survey, 68 per cent of those polled across the world’s 44 biggest economies said women were well-represented in management roles within the industry. The Philippines ranked first as the country where women were most active in the sector, while Malaysia, China, Hong Kong, Indonesia and Thailand took five of the other top ten slots.

The Global Rise Of Social Entrepreneurship – Aarhus University Denmark

studieliv fotograf soeren kjeldgaardThe rise of social entrepreneurship was fostering an increasingly engaging approach among students entering competitions that solved real-life issues rather than merely entertaining competitions on theoretical cases, research from the Denmark-based Aarhus University has revealed.

Presenting the study findings to the third International Conference on Innovation and Entrepreneurship held in Durban, South Africa, from 19-20 March, the head of open innovation at the Aarhus University Centre for Entrepreneurship and Innovation, Rajiv Basaiawmoit, said students engaging in competitions of this nature could witness the impact their research was making.

Correspondingly, the university could see the development of entrepreneurial skills. “It is not enough to just develop entrepreneurial intent, but essential to convert that into nascent entrepreneurship,” he said.

Social entrepreneurship draws on business techniques to find solutions to social problems. Aarhus University teaches entrepreneurship to every faculty, with the view to boosting the entrepreneurial mindset among graduates and creating a broad spectrum of new entrepreneurs.

Basaiawmoit said there was growing demand from students for social entrepreneurship and business schools, specifically in the United States and Europe including Scandinavia, where students were increasing their focus on this element of entrepreneurship and innovation.

Read more

Social Entrepreneurship – The New Community Engagement

fd57315048b2a0e2ee02ed04b0927842 XLSocial entrepreneurship should be the new engagement for individuals and the public and private sectors, with implications for higher education training – especially in Africa – according to Goos Minderman, public governance professor at Vrije Universiteit in The Netherlands.

Providing an international perspective at an innovation and research day held by the Graduate School of Business Leadership at the University of South Africa (UNISA) this month, Minderman said the importance of business involvement in social networks and semi-public activities could be viewed from two perspectives.

The first was the European view, where the government's role was rapidly changing, and more non-profit and profit-driven partners could become involved in maintaining good education, healthcare and welfare levels.The second was the African view, where the focus revolved around the importance of business in combating corruption.

“Corruption has been evolving in the last decades and therefore no social network or social programme can be guaranteed. The battle against corruption is everyone's responsibility in both the private and the public sectors,” Minderman said. Corruption currently cost South Africa more than R150 billion (US$16 billion) annually and was bleeding around 30% from public sector budgets, substantially hindering delivery on social problems.

“These losses, coupled with inefficiencies, are strongly limiting South Africa's problem-solving potential. United Nations statistics show corruption adds 25% to the costs of public procurement,” he said.

Read more