Posts con el tag ‘business’

David versus Goliath: can individual consumers determine the success of a boycott?

What’s the key to a successful boycott? Most boycotts fail: companies have overwhelming power compared with the consumers who ask them to behave more fairly by refraining from purchasing their products. The reasons for this failure are diverse and complex, but most boycotts suffer from two issues: free-riders and the small agent problem.

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How social entrepreneurship is redefining the What, Why and How of doing business

Elena Rodríguez Blanco (@elenarodriguezb), Co-founder of Authenticitys.

There are three basic questions: What? Why? How? Business wisdom states that you need to have a clear answer to these three questions to succeed. These past years as social innovation and entrepreneurship have become more established, the answers to these three questions have emerged and evolved, shaping what we produce, why we produce it and how we do it. In fact, social entrepreneurship is making traditional businesses question their own answers. Here is how as social enterprises we are redefining the what, why and how of doing business.

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Growing Your Social Business – 3 Phases

Daniel Nowack, Program Director of Yunus Social Business Fund Albania (@yunus_sb).

As Program Director for our operations in Albania, I frequently get the chance to talk to entrepreneurs and enjoy their enthusiasm about their social business ideas, about impacting people’s lives and about making a difference for their community—a great ride which I am truly thankful for. However, in many cases, too many cases really, social entrepreneurs tend to think that all that’s needed to turn their idea into reality is financial support. Well, even though financing is important, a huge chunk of money is not going to guarantee the success of a social business.

This article advocates an evolutionary process to financing your business. It all comes down to the fact that every business idea is based on some very fundamental assumptions such as “customers are going to love the product,” “suppliers will be happy to support me” or “my business is scalable beyond belief”. Those assumptions require real-life validation, proof that these assumptions are correct. Let’s look at this based on the example of a fictitious social business selling innovative handicraft products, manufactured by people with disabilities. Read the rest of this entry »

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