Manage episode 363400250 series 3463537
In episode 7, host Dr Faiz explores the significance of a social mission in social entrepreneurship. He emphasises that a social enterprise's core purpose lies in its strong social mission, with profitability being a secondary objective. Dr Faiz highlights the need for social entrepreneurs to define their social mission and shares inspiring examples of social missions aimed at providing clean energy, improving entrepreneurial leadership, promoting ethical recycling, and supporting orphans. The episode delves into the difference between social and commercial entrepreneurs, the motivation behind pursuing a social mission, and the importance of economic sustainability. He also discusses the challenges of mission drift. He introduces the concept of mission agility, showcasing a real-life example of a social enterprise adapting its mission to respond to the COVID-19 pandemic. The episode concludes with an invitation for listeners to reflect on their own social missions and the importance of agility for long-term sustainability.
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