Business ethics. Social enterprise and business and poverty Essay

Business ethics. Social enterprise and production line and poverty. Responsible investiture - Essay ExampleThis essay describes action of SELCO in her social entrepreneurship responsibility. SELCO has set deterrent example in social entrepreneurship both in India and worldwide. The company successfully presented solar electricity for lighting and violence to the less privileged persons in the fellowship. SELCO faced several challenges before succeeding in her operations and objectives in helping the poor. It initially grew purposely through gaining of enough capital and experience thus making it to seek expanding her networks, which greatly interfered with her financial status. The company then increased the price of the solar panels thus causing a serious counterbalance in the sales and the general operations of the company. Investors were not impressed by the decline of the business and forced the company to lay off employees and contract the business in 2000s. In 2008, SELC O acquired finance from the World Bank and International Finance Corporation to streamline the company although the company remained a for lucre organization. However, the director of the company was able-bodied to obtain new investors who were aligned with the mission of the company thus making the company to keep her sales and service organization intact. The director was also able to boost the morale of the companys employee who helped it to continue devising innovative solar solutions. The company successfully devised the solar scheme that could suite specific needs of the needy urban and bucolic persons. This was indeed a very costly way of achieving social entrepreneurship objective of fulfilling the nightclub needs. SELCO was able to design solar panels that exactly met the needs of the society by beginning with a broad needs assessment of specific part or drill of the underprivileged people in the society (Crane and Matten 2010, p. 474-476). The company ensured that they designed solar panels for street vendors, midwives and even the rural farmers who were in dire of the solar panel. The redesigning process involved many different activities that would ensure that the needs of situation markets were met. The company ensured that her operations were client based thus causing it to restructure and redesign her solar panels. SELCO was able to acquire funds from the World Bank and IMF perhaps out-of-pocket to her social objectives. It also gained publication due to her social entrepreneurship objectives. The company also arranged for financial assistance for the rural people who could not buckle under to buy even the cheap user customized solar panels. This slowed the companys growth and made it to construct small levels of profit. The company could also not align her social objectives with the investors needs. Responsible Investment Responsible investment is one of the optimistic emerging trends in the financial world that integrates financial goals with positive business set that shapes the society future. Responsible investments vary because some companies may invest in the environmental factors, employees welfare or society effects such as smoking. Responsible investment is a very vital subject field in doing business since sustainable society is crucial to the companys values. Although it is important for organizations to reconcile societys needs and the business objectives, the main problem is linking the economic, social, and environmental advantages with the