As the social entrepreneurship domain continues to expand and begin to define itself, a new project from the Naveen Jindal School of Management in Dallas has come up with a valid, reliable measurement tool of the term. The approach breaks it down into critical components, assembling them into a 7-part assessment scale. To be a social entrepreneur, one has:
Adhere to the calling/mission of creating social value (not only private value).
Identify opportunities to further serve the mission/objectives.
Engage in a continual adaptation/innovation process which still conforms to the mission.
Act proactively and courageously in the fulfillment of objectives without being hindered by resources currently at hand.
Display a keen consideration on the outcomes created by fulfillment of the mission.
Enact a heightened sense of accountability to the zones being serviced by the social franchise.
Engage in a process of continuous learning.
The project team recently pointed out to an area of further research; an investigation on personal attributes or cultural differences and how they relate to one’s propensity of becoming a social entrepreneur.
Nonprofit Investing Venture Supports Social Entrepreneurship
On Friday last week, Forbes commended the RSF non-profit loan maker that seeks to assist sustainable farmers and other social companies via grants, loans, advisory support and collaborative investments. RSF Social Finance currently oversees an integrated capital funding program utilizing the above mentioned forms of assistance, which in turn has enabled social enterprises to develop production techniques and kick-start operations without necessarily seeking forms of traditional financing.
The Local Food Capital fund served as the company’s pilot project wherein $2 million was channeled into sustainable foods domain in the first two years. So far, the program has supported well over 50 initial phase social franchises employing eco-friendly food production processes including innovative supply chain frameworks plus green transportation. The approach could also serve as a salient case study for economies being plagued by the higher costs of sustainable farming, as it would cut into the margin benefitting conventional producers, and therefore transcend sustainable farming as a less competitive domain in the eyes of major banks.
Svalbard Global Seed Structure Designed to Save Humanity
Many nations across the globe have constructed seed repositories of the indigenous plant species for emergency purposes; to also serve as a backup to their ecosystem. But from 2008, the Norwegian administrators have been managing the global seed vault which harbors seed samples from various countries. The facility employs the deposit box system usedin the banking domain. Norway owns the hub, but the sample containers are owned by their respective states, and they can request access to them at any time. The project site at Spitsbergen was best suited for a number of reasons. Firstly, seed samples have to be stored under cold conditions, and the icy zone located 1,300km from the North Pole facilitated a reduced need for the relatively expensive indoor cooling mechanisms. In addition, the area experiences minimal seismic activity, plus it’s at an altitude of 130 meters above sea level; guaranteeing safety in the event of dire predicted sea level rises.
Ozone therapy: A Salient Aspect in Nano-biotechnology
Nano-biotechnology refers to the methodology of prevention, diagnosis and treatment of disease/injury, of alleviating pain and improving health/well-being, via nanoscale structured products, biotechnological practise and even the complex machine integrations (nanorobots).
The oral cavity resembles an open ecosystem, being involved a unique combination of activities including the control of micro-organism entry and hosting defenses meant to negate them. To avoid elimination, bacteria often seek refuge by sticking to hard dental surfaces or epithelial linings. That in turn leads to the formation and development of oral biofilm, an occurrence documented as a contributing factor to the most common pathologies such dental carries and periodontal ailing. The machine based removal of biofilm and the subsequent use of disinfectants/antibiotics has served as the most conventional means of periodontal therapy. Nonetheless, Ozone (03), composed of a three oxygen atom/triatomic structure, has been utilized in recent times to provide treatment for 250 different pathologies. Ozone therapy has proved to be more effective than the conventional therapeutic modality, since the ozone gas exhibits a relatively high oxidation characteristic (1.5 times more than chloride) requisite in the antimicrobial operations against viruses, fungi and bacteria.
Allen & Gledhill sets up public policy practice
A law franchise (Allen & Gledhill) based in Singapore has become the first in the East Asia region to integrate the public policy practice so as to better enhance decision-making and advisories to clients on various entities/domains; like for example the regulatory changes on commercial operations and government affairs management. Allen & Gledhill’s team comprises of Chief Economist Elsa Chen, a law specialist listed in the 2016 global list of the sector’s elite women, and law colleague Adrian Ang, previously an assistant director at Monetary Authority of Singapore.
The undertaking emulates what is happening in the US, where public policy outfits in some major law firms often assist in shaping government decisions regarding regulation and law. Last month, Britain’s internationally acclaimed law firm Pinsent Masons initiated a public policy unit to advice on the effect’s on the nation’s Brexit vote.
A&G’s managing partner Lee Kim Shin mentions that volatility in the regulatory/legislative domain can in turn significantly impact businesses and commercial imperatives. Therefore, the need for an integrated public policy engagement arises, wherein customers and entrepreneurs play a part and better respond to the regulatory landscape; by ensuring alignment of policy requirements to commercial/business prerogatives.