Before we get into the specifics of the case study, let me give you a bit of information about what social entrepreneurship is. Social entrepreneurship is simply the practice of running a business or organization that is not based on profit and loss, but rather on the sharing of profits and the value of the community the business is operating in. There are some powerful ideas that underlie this concept. Chief among them is the idea of community prosperity training, which I will come back to shortly.
The second component to what I would like to explain to you is sustainability. What I mean by this is that a group of people or an organization decides to engage in sustainable development projects. In order for these sustainability projects to be successful, a number of different things need to happen. Among these things is planning, creating a vision for the future, implementing a strategic plan, ensuring access to key resources, and promoting and building upon the success of the first few sustainability projects.
If we take all of these elements into consideration, we begin to see a very clear link between social entrepreneurship and sustainability development. If you want to be part of the future of sustainable development, then you must get involved in a group that is implementing sustainable practices. Such groups are usually made up of experts in various fields who come together on a regular basis to pool their experience and knowledge. In addition to this, they have established relationships with one another.
A group like this will not just act as though they are proficient at conducting the various sustainability practices. No, what they do will be guided by a specific vision. They will work together to make sure that their actions are focused on attaining their shared vision. This vision does not just revolve around building and maintaining a social system. Rather, it also involves transforming individual behaviors, building social capital, developing an inclusive social contract, and pursuing economic development.
If you are wondering if a group practicing sustainable development is a viable option for you, then you have several options available to you. First, you can become involved in an existing sustainable development project. You can also find some excellent groups online. However, I would caution you about joining a group before you take the SFA exam for MBA. Take my word for it: joining a group of professionals and experts that have spent years working on similar issues will provide you with the unique perspective you need to succeed.
As a business administration candidate, you will need to demonstrate your ability to conduct independent research and develop relevant solutions. Your prepared presentations should show how your solutions are more than capable of meeting the challenges of today’s sustainability challenge. In addition to this, your prepared presentations should be able to demonstrate that these solutions are cost effective and scalable. This sets you apart from the other candidates in the competitive market. Remember, competition for sustainable development projects is fierce.
It is my hope that this article has given you some insight into the concepts that will help you pass the SFA exam for MBA. In my next articles, I will provide additional information on how you can apply sustainable development concepts to your company. Stay tuned! The key to achieving success lies in your ability to leverage the valuable insights provided in this series as well as engaging with other professionals and industry leaders to accelerate your career.