5 Inspirational Examples of Social Entrepreneurship
Social entrepreneurship is a concept that has been gaining a lot of attention recently, and rightly so. It refers to the practice of using entrepreneurial principles to create solutions to social and environmental problems. Social entrepreneurs are not only driven by the desire to bring positive change in society but are also innovative thinkers who use their business acumen to create long-lasting solutions. Here are five inspirational examples of social entrepreneurship that showcase the power of this approach:
1. Warby Parker
Warby Parker is a company that began as an online eyewear retailer. Co-founders, Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider, wanted to create a socially responsible business that would also be profitable. For every pair of glasses they sell, they donate a pair to someone in need. Today, Warby Parker has donated over 5 million eyeglasses around the world while growing to be worth over $1 billion.
2. TOMS Shoes
TOMS Shoes is a company that revolutionized the way people think about social entrepreneurship. Founded in 2006 by Blake Mycoskie, TOMS shoes operate under a “one for one” philosophy which means that for every pair of shoes sold, they donate a pair to a child in need. Since its inception, TOMS has donated over 95 million pairs of shoes to those in need and is now a global phenomenon.
3. The Empowerment Plan
The Empowerment Plan is a nonprofit organization that designs and manufactures a coat that can be transformed into a sleeping bag for homeless individuals. Founder, Veronika Scott, began the organization while still a student and today employs over 50 homeless individuals who make and distribute the coats. This social enterprise not only provides a solution for homelessness but also provides employment opportunities for those who need it most.
4. LUSH Cosmetics
LUSH Cosmetics is a British cosmetics company that sells handmade, eco-friendly, and vegetarian products. The company is focused on giving back to the community and the environment by supporting various charitable causes worldwide. In addition, LUSH actively campaigns to promote environmental awareness and sustainability in the beauty industry.
5. Brighter Bites
Brighter Bites is a nonprofit organization that provides access to fresh, healthy foods to families in underserved communities. They offer nutrition education and distribute fresh produce as well as recipe ideas to help families make the most of their food. With the aim of promoting healthy habits in children, Brighter Bites has served over 265,000 families since its inception in 2012.
Conclusion:
These five examples illustrate how social entrepreneurship has the power not only to solve social problems but also to create sustainable long-term solutions. Each of these companies has shown that businesses can be profitable while also making a positive impact on society. Such inspiring examples leave us with hope that the future of business can be one that values not only profit but also social and environmental responsibility.
