Social Entrepreneurship: Collaboration and Institutional Impact
Social Entrepreneurship: The Power of Collective Action (Davie, 2011)
Grace Davie’s article, Social Entrepreneurship: A Call for Collective Action (2011), argues that solving social problems should not be left to individual social entrepreneurs alone. Instead, she believes that teamwork and collaboration are essential to making real and lasting change.
Challenging the “Hero” Social Entrepreneur Idea
Many people see social entrepreneurs as heroic individuals who change the world through their
Read MoreCorporate Social Responsibility: Definition and Impact
Defining Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) can be defined as a way of managing companies based on taking responsibility for the impacts that their activity generates on their clients, employees, shareholders, local communities, the environment, and society in general. It’s a “balanced approach for organizations to address economic, social and environmental issues in a way that aims to benefit people, communities and society” (International Organization
Read MoreBusiness Ethics and HR Management: Principles for Success
Core Principles of Business Ethics
Business ethics refers to the moral principles and values that guide the behavior of businesses and their stakeholders, including employees, customers, suppliers, and the wider community. It involves applying ethical standards to business decisions and actions, ensuring they are fair, transparent, and responsible.
Why Business Ethics Matters
- Builds Trust: Ethical business practices build trust with customers, employees, and other stakeholders, leading to long-term
Mastering Engineering Management: Skills and Strategies
What Is Engineering Management?
Core Concepts and History
Engineering Management is the application of management principles to the practice of engineering. It combines the technical problem-solving ability of engineering with the organizational and leadership skills of management to oversee operational performance efficiently.
- Engineering: Using mathematics and science to solve real-world problems.
- Management: The process of planning, organizing, and leading people to achieve specific goals.
The practice
Read MoreChoosing the Right Legal Business Structure
Individual and Non-Corporate Business Structures
Sole Proprietorship (Individual Entrepreneur)
To operate as a sole proprietor, the owner must have full availability of personal assets. This structure implies total control of the company by the owner, who personally directs its management and responds to business debts incurred against third parties with all present and future personal wealth (unlimited liability).
- Taxation: The owner is taxed through Personal Income Tax (PIT).
Private Civil Partnership
These
Read MoreEntrepreneurship Development: Steps, Impact, and Support for MSMEs
The Entrepreneurship Development Programme (EDP) is a comprehensive training initiative designed to equip individuals with the necessary skills, knowledge, and mindset to become successful entrepreneurs. The EDP process typically involves several steps that help participants develop a solid foundation in entrepreneurship and prepare them to start and run their own businesses.
Entrepreneurship Development Program (EDP) Process
Here are the steps of the EDP process in detail: