Content

Content

 

Social Entepreneurship

Social entrepreneurship is a concept, which has been rapidly gaining traction: the combination of a resolution of a social problem with the bravery and of entrepreneurs. Like Martin and Osberg (2007) note, it is always important to keep in mind that social entrepreneurship is born in that combination:

  • Ability to seek out and take a hold of opportunities in the market or in society;
  • Self-confidence and energy to create something new for the world;
  • Motivation lying in a prevalent vision;
  • Creating value in a large-scale, transformational benefit for a specific segment of society or to society at large.

Therefore a social entrepreneur is described and defined as a visionary, able to identify and exploit opportunities, find and employ the necessary resources and to find innovative solutions to social problems of their community that are not adequately met by the local system. [1]

Social enterprises differ from traditional business in a number of ways which are beneficial to the community:

  • Social enterprises are more likely to innovate and experiment than traditional models of business, because they are usually designed to fill a gap in existing services that cannot or will not be delivered by the public and private sectors;
  • Social enterprises can reach socially excluded people by providing volunteer, training and employment opportunities;
  • Social enterprises are usually set up to retain and reinvest profits back into the local economy.

“Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.” [2]

[1] S. Bacq and F. Janssen (2011) The multiple faces of social entrepreneurship: A review of definitional issues based on geographical and thematic criteria. Entrepreneurship & Regional Development, 23, June 2011, pp. 373–403.

[2] Roger L. Martin & Sally Osberg (2007) Social Entrepreneurship: The Case for Definition. https://ssir.org/articles/entry/social_entrepreneurship_the_case_for_definition


[1] S. Bacq and F. Janssen (2011) The multiple faces of social entrepreneurship: A review of definitional issues based on geographical and thematic criteria. Entrepreneurship & Regional Development, 23, June 2011, pp. 373–403.
[1] Roger L. Martin & Sally Osberg (2007) Social Entrepreneurship: The Case for Definition. https://ssir.org/articles/entry/social_entrepreneurship_the_case_for_definition

 

 

Digital Security

According to OECD, digital security risks can affect the achievement of economic and social objectives and the management of digital security risk can affect many more stakeholders than is usually considered.[1] This is why it is so important to understand what digital security is and how to protect against the risks that it poses.

Cybersecurity is defined as the strategy, policy, and standards regarding the security of and operations in cyberspace, whereby information and communications systems and the information contained therein are protected from and/or defended against damage, unauthorized use or modification, or exploitation. The term “cyberspace” encompasses not only Information Technology (IT), but the broader grouping of IT infrastructures, the Internet, telecommunications network, computer systems, embedded processors and controllers, and the Internet of Things.[2]

With entrepreneurship and social entrepreneurship, the following infographic could be considered as guideline on which elements should be taken into consideration when managing the whole organization in the context of digital security:

Figure 1: Protecting a digital strategy in an evolving cyber environment[3]