World Scientific Publishing Company Business With Purpose: Advancing Social Enterprise

Review This book is no academic study. It is a practical, accessible and provocative look at what allows great enterprises solve great challenges and opportunities in real time ... This book is a wonderful contribution, and will help entrepreneurs build and change their worlds. --Christopher M Schroeder, co-founder, Next Billion Ventures and author, Startup Rising: The Entrepreneurial Revolution Remaking the Middle EastThis book was written with great passion by Professor Melodena Stephens, and provides a comprehensive view on Businesses for Purpose. With the world today facing complex challenges, social entrepreneurs have been tackling these head on whilst addressing the UN Sustainable Development Goals. In this book, you will find a variety of exciting cases that will inspire you. It will help you navigate your way in this ecosystem in order to create a positive impact in the world. --Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan, CEO and Founder, Alliances for Global Sustainability, UAEThe logic of the social enterprise, its focus on purpose and meaning, is going to become the dominant rationale for organizations and their management. Within these pages, management practitioners and scholars alike will find a plethora of examples and insights how to apply this logic to their own fields of practice as well as research. --Prof. Dr André Reichel, Professor for International Management & Sustainability,International School of Management, Germany Product Description A Social Enterprise Venture (SEV) is defined as an organization, initiative or startup that has a strong social innovation characteristic focusing on a scalable and sustainable social wealth creation or sustainable living at the individual or community level. Most books that deal with SEVs, unfortunately still focus on non-profits. Current market trends indicate non-profits need more sustainable funding mechanisms for survival.With the growing role of the private sector in the development arena, as highlighted by the UN Sustainable Development Goals, all firms need to relook entrepreneurship from a 'business-with-purpose' lens. The fact that venture capitalists/private equity firms are acquiring social ventures (like Bain Capital and TOMS), or that SEVs are being divested (L'Oreal and Body Shop), reinforces the need to understand which business models work. One of the biggest barriers for growth of SEVs is scalability and internationalization. This book fills the present gap between research and practice; and the non-profits and for-profit worlds. About the Author Melodena Stephens, PhD, is Professor of Innovation Management, Mohammed Bin Rashid School of Government (MBRSG) in Dubai, UAE. Prior to MBRSG, she was one of the first female Indian deans for a German University, Karlshochschule International University, and prior to that she also held various positions, including Deputy Dean, in the University of Wollongong in Dubai (UOWD), one of UAE's oldest private universities. Melodena has over 25+ years of corporate and academic experience and has lived in India, USA, Taiwan, UAE and Germany. She actively works with startups as a mentor and consults with governments and institutions. Her field of expertise is strategy and more specifically impact valuation, scaling, leadership, marketing and reputation management. She has published extensively and is the Series Editor of the Actions & Insights Middle East case book series which is in its 8th volume. She has won several teaching and research awards, including two UAE National Research Foundation grants. Melodena is the founder of the Academy of International Business Middle East North Africa Chapter (AIBMENA), a nonprofit social initiative founded in 2009 in Dubai under UOWD.