GEIB M13L2V3
Summary
This video delves into the concept of blended value, using Google as a prime example of a venture achieving both social impact and profitability. It discusses Google's role in providing access to knowledge and questions whether it can be considered a social venture. The video explores the evolution of not-for-profit organizations becoming more business-like and the complexities surrounding the idea of social entrepreneurship. It also touches on the challenges of defining social entrepreneurship in literature due to biases and advocacy within the research field.
Introduction to Blended Value
Explanation of blended value concept where ventures have a positive social impact and achieve profitability using Google as an example.
Google as a Social Venture
Discussion on whether Google is a social venture by generating and providing access to knowledge, as well as its founders' intentions for social impact.
Impact of Google's Creation
Highlighting the impact of Google's creation on accessibility to knowledge compared to the past, along with Google's slogan 'don't be evil'.
Evolution of Not-for-Profit Sector
Changes in the not-for-profit sector where companies are becoming more business-like, focusing on efficiency and utilizing business principles for impact.
Debate on Social Entrepreneurship
Exploration of whether social entrepreneurship is a valid concept, the need for a theory of social entrepreneurship, and the evaluation of Google as a social venture.
Research on Social Entrepreneurship
Discussion on the lack of clear answers from literature on social entrepreneurship due to biases and advocacy within the research field.
FAQ
Q: What is the blended value concept?
A: The blended value concept refers to ventures that have a positive social impact while also achieving profitability.
Q: Can Google be considered a social venture?
A: There is a discussion on whether Google is a social venture due to its role in generating and providing access to knowledge, along with its founders' intentions for social impact.
Q: What impact did Google's creation have on accessibility to knowledge?
A: Google's creation significantly improved accessibility to knowledge compared to the past.
Q: What is Google's slogan 'don't be evil' about?
A: Google's slogan 'don't be evil' reflects its commitment to ethical business practices and social responsibility.
Q: How is the not-for-profit sector changing?
A: The not-for-profit sector is evolving as companies within it are becoming more business-like, focusing on efficiency and utilizing business principles for impact.
Q: Why is there a need for a theory of social entrepreneurship?
A: There is a need for a theory of social entrepreneurship to better understand and evaluate ventures that aim for social impact alongside profitability.
Q: Why are there unclear answers from literature on social entrepreneurship?
A: The lack of clear answers from literature on social entrepreneurship is attributed to biases and advocacy within the research field.
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