Success Story with Scott D. Clary
Lessons - The Evolving Role of Social Entrepreneurship | Abby Falik - Founder & CEO of Global Citizen Year
Sep 17, 2024
Abby Falik, Founder & CEO of Global Citizen Year, sheds light on the transformative power of social entrepreneurship and education reform. She shares insights on redefining leadership, emphasizing it as influence rather than a title. Abby discusses how businesses can balance profit and purpose, and the need for businesses to prioritize societal impact. Moreover, she champions the REAL skills—Resilience, Empathy, Agency, and Leadership—as essential for nurturing future leaders capable of tackling global challenges.
12:15
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Quick takeaways
- Abby Falik emphasizes the need for businesses to adopt a purpose-driven model that prioritizes social impact alongside financial sustainability.
- The podcast highlights the importance of developing resilient and empathetic leaders through education reform focused on essential skills like agency and leadership.
Deep dives
Defining Social Entrepreneurship
Social entrepreneurship is an evolving concept that intertwines the pursuit of profit with a social purpose, challenging traditional business distinctions. The definition suggests that the driver behind these ventures is the opportunity to effect positive change for people and the planet, rather than merely maximizing profits. The boundaries between conventional and social entrepreneurship are increasingly blurring, indicating a need for a broader interpretation of what businesses can achieve beyond financial success. Establishing organizations as not-for-profits can provide clarity on prioritizing impact over profit, allowing leaders to make decisions focused on long-term societal benefits.
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