Will you Share 1/3 of Your Company's Annual Profit? (Social Business Special Reports at STR}

An Ateneo Graduate School of Business Advantage

Most of the special reports last Tuesday at STR Regis Entrep class were about social business:   CSV vs CSR, Human Nature of Ana Wilks, and Economy of Communion (Focolare Movement).  The week previous, Grameen Bank was discussed.  Most of the STR students would probably be social entrepreneurs.  Five years ago, social entrepreneurship was talked about in the entrep class.  How fast how the knowledge of entrepreneurship has evolved in terms of concepts and social businesses that have been established. (In the Phil, AdeMU in Loyola is at the leading edge of social entrepreneurship in the Phil;  Dr. Tony Lavina, head of ASG is an Ashoka fellow.  N.B.  One of the ASG staff, Atty Casanova is now the CEO of BCDA)

Social businesses that are topics of STRAMA are difficult to evaluate, in terms of traditional understanding of business.

That is why for my class, the profit motive is not in the definition of entrepreneurship;  the social entrepreneurship concept can not be captured.

CSV is the new capitalism espoused by no less than Michael Porter (the 5 forces of competition, competitive advantage of nation HBS guru) CSV businesses take care of the triple bottom line:  people, planet, profit.

Human Nature established by the daughter of GK, employs GK residents and pays handsomely its employees and suppliers, using organic raw mat that do not harm the earth/planet.

I am most impressed by the SR of Armando Coloma on the Focolare movement.  (Thank you Armando) I just do not know how well businesses can handle this.  It involves giving away l/3 of your profits (God calls for just l/l0th) to third parties.   Focolare movement anyone?