Social entrepreneurship approaches support the processes of human development.
Define the key terms above by using the 'Useful Links' below.
It is all well and good and go into the nitty gritty of this syllabus point without actually looking at what social entrepreneurship is. Watch the Youtube clip below and write down what the elements of social entrepreneurship are.
Microfinance offers loans, savings and insurance to small businesses and individuals. It is often seen as a sustainable way to try and reduce poverty. This is also something that you can get involved in by either giving a little money to allow a project to happen or even getting involved with the decision making process of where money should be distributed to.
'Geography for the IB Diploma Study and Revision Guide HL Core Extension' Textbook by Simon Oakes. Page 48
Digital Initiative - Kiva: A crowdlending twist on traditional microfinance
Fair trade tries to give the worker a fair price for their products, a fair wage and encourages better working conditions. You have all seen the logo on different products and companies very much promote if they are using fair trade cotton or coffee. Many products that you buy may be classified as fair trade but you need to look at the specific companies network to really see if that is true. We as the consumer have the power to influence better working conditions and pay for people with the choices we make when we buy a product. Unfortunately not all people are able to make these decisions as they may have little purchasing power.
'Geography for the IB Diploma Study and Revision Guide HL Core Extension' Textbook by Simon Oakes. Page 49
Corporate social responsibility is now high up on firms agendas as people are being to consider who they buy their goods from. Corporate social ability is there to promote fair trade, improve working conditions of employees and to plan what to do with their waste. It goes behind just looking at recycling.
'Geography for the IB Diploma Study and Revision Guide HL Core Extension' Textbook by Simon Oakes. Page 50
'All forms of social entrepreneurship create positive change.' Discuss. [16 marks]
This lesson was development in collaboration with Richard Allaway from geographyalltheway. For more resources please visit www.geographyalltheway.com