Social Entrepreneurship: The Trend of The Millennium

We always have the perspective of business being carried through for profit. Well, such ideology has existed for centuries. But did you ever thought business operated for the welfare of humanity or somehow what is termed as —social enterprise.

For one fact, most business schools have designed education programs to create business leaders of tomorrow—of which can generate the greatest profit. Though, it is an obligation for enterprises to submit into corporate social responsibility. The vision have been realized and proved by the ever-growing commercial world with the rise of various multinational companies around the world.

However, the obligation of helping humanity had become and – option – instead of being an obligation. Excluding entities which proved to be not delinquent of their social responsibilities, many have even pushed limits and abused consumers by offering quality-less products and vague services.

This gave rise to many social entrepreneurial schools. Such as the masters degree program of Hult International Business School – aimed for social responsibility instead of profit. The degree program in social entrepreneurship is founded with the idea that “social problems can be resolved in a manner – similar to business problems are to be solved”.

The master degree is inspired with Hult Global Case Challenge – an organized competition bringing all the brightest business students with the goal of creating and introducing global solutions as well as innovative ideas.

Basically, the competition is all student-led without any support from any business schools and entities; this inspired third and second parties to donate their time and energy in carrying out the “One Laptop per Child” program—which in return proved that today’s business students are more socially aware than their forerunners.

On the other hand, the college degree program is just a one-year project. Tony Sheldon, who runs a program in Yale’s School of Management, pointed that the idea existed since 1976. SOM has been a magnet for students seeking careers in the non profit sector. However, the risk of commercializing – social entrepreneurial – is at hand rather than the expression of its purpose.