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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Abby Falik

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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.

Intro

3min

Redefining Social Entrepreneurship

7min

Transforming Leadership Perspectives in Social Entrepreneurship

2min

Embracing Personal Agency in a Digital Age

2min

Maximizing Efficiency in Hiring and Business Operations

2min

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In this "Lessons" episode, Abby Falik, Founder & CEO of Global Citizen Year, shares insights on social entrepreneurship, redefining leadership, and the role of education in preparing future leaders. Abby's approach focuses on purpose-driven leadership, holistic education reform, and how businesses can operate with both social impact and financial sustainability.

Redefining Social Entrepreneurship: Abby discusses how social entrepreneurship blends for-profit and non-profit models to prioritize both people and the planet. She highlights the need for businesses to focus on impact rather than just profits, urging a shift towards purpose-driven organizations that account for their influence on society and the environment.

Transforming Education for Future Leaders: Global Citizen Year focuses on equipping young people with REAL (Resilience, Empathy, Agency, and Leadership) skills. Abby believes these are the critical tools for developing empathetic, courageous leaders who will approach their roles with a sense of responsibility to address the world's challenges.

Leadership as Influence, Not a Title: Abby redefines leadership as the ability to influence and inspire from any position, emphasizing that leadership is not tied to a title or salary. She encourages individuals to embrace their power and agency to create change, fostering a mindset where everyone can be a leader in their own right.

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