Success and Social Value (Forbes)


[[{“type”:“media”,“view_mode”:“media_large”,“fid”:null,“attributes”:{“class”:“media-image alignright size-full wp-image-25476”,“typeof”:“foaf:Image”,“style”:“”,“width”:“100”,“height”:“100”,“alt”:“Forbes”}}]]In this Forbes column, Gregg Fairbrothers ’76, adjunct professor of business administration at the Tuck School and founding director of the Dartmouth Entrepreneurial Network, and Catalina Gorla ’09, an economist and founder of the Dartmouth Entrepreneurial Network chapter in Ohio, discuss the relationship that exists between entrepreneurial success and social values.

“Most entrepreneurs like to think they are doing more than just creating ways to transfer wealth, that they are doing something meaningful for others, not just taking their money,” Fairbrothers and Gorla write.  “It’s not true of all businesses, of course, but most that make a profit also create something socially valuable to someone.”

Fairbrothers and Gorla argue that there is not a clear divide between profit-seeking and nonprofit entrepreneurship. “In fact there is an almost seamless continuum from enterprises focused solely on wealth transfers to those businesses who look to profit from goods and services, to nonprofit enterprises who think they are only doing charity,” they write. “In between is everything from doing well by doing good to social enterprise.”

The Forbes column also mentions the work of two Tuck School students who examined how social entrepreneurship creates social value.

Read the full story, published 5/21/12 by Forbes.

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