5 Successful Socially Responsible Start-Ups
What Is Social Entrepreneurship?
Social Entrepreneurship is a phrase that is becoming all powerful in this growing age of the Millennials market. It has also been described as a company being socially responsible. This diverse and utilitarian phrase can be attributed to multiple founders because no one really knows where it came from. Muhammad Yunas was said to have contributed to its modern understanding through the creation of Grameen Bank; a Nobel Peace Prize-winning microfinance organization and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.
Authors of an article posted in The International Entrepreneurship and Management Journal posted that "Social entrepreneurship in modern society offers an altruistic form of entrepreneurship that focuses on the benefits that society may reap."(Wee-Liang, Williams, John, and Tan, Teck-Meng. "Defining the ‘Social’ in ‘Social Entrepreneurship’: Altruism and Entrepreneurship." The International Entrepreneurship and Management Journal. no. 3 (2005): 353-365.)
Wherever this word that's changing business models began there's no doubt that people are capitalizing big on making a big difference. So whether you are shopping for things that make a big difference or looking to start a social company of your own, here is a list of 5 Successful Social Start-Ups you may not know.
Our Top 5 Favorite Startups
1. TOMS Shoes
3. Ivory Ella
4. Warby Parker
5. Ten Tree
How To Become A World Changer
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