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    Reflection 7

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    dong xinyang
    The bottom of the pyramid social entrepreneurship refers to over 4 billion people who live on less than $2 per day. While organizations have tried to alleviate poverty over 50 years, none have fully succeeded. CK Prahalad proposed a new approach of seeing the poor not as victims but as entrepreneurs and consumers, representing a new market opportunity. LaborVoices aimed to allow workers to report workplace conditions via phone to collect data for companies and protect workers' rights, while providing valuable supply chain intelligence to companies at low cost. Rather than charging workers fees, Gill should target larger companies that would pay for the useful information. Social entrepreneurship directly addresses inequality and poverty through business solutions to create social value, though it is less prevalent than environmental

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    Reflection 7

    Uploaded by

    dong xinyang
    39 views2 pages
    The bottom of the pyramid social entrepreneurship refers to over 4 billion people who live on less than $2 per day. While organizations have tried to alleviate poverty over 50 years, none have fully succeeded. CK Prahalad proposed a new approach of seeing the poor not as victims but as entrepreneurs and consumers, representing a new market opportunity. LaborVoices aimed to allow workers to report workplace conditions via phone to collect data for companies and protect workers' rights, while providing valuable supply chain intelligence to companies at low cost. Rather than charging workers fees, Gill should target larger companies that would pay for the useful information. Social entrepreneurship directly addresses inequality and poverty through business solutions to create social value, though it is less prevalent than environmental

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    The bottom of the pyramid social entrepreneurship refers to over 4 billion people who live on less than $2 per day. While organizations have tried to alleviate poverty over 50 years, none have fully succeeded. CK Prahalad proposed a new approach of seeing the poor not as victims but as entrepreneurs and consumers, representing a new market opportunity. LaborVoices aimed to allow workers to report workplace conditions via phone to collect data for companies and protect workers' rights, while providing valuable supply chain intelligence to companies at low cost. Rather than charging workers fees, Gill should target larger companies that would pay for the useful information. Social entrepreneurship directly addresses inequality and poverty through business solutions to create social value, though it is less prevalent than environmental

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    39 views2 pages

    Reflection 7

    Uploaded by

    dong xinyang
    The bottom of the pyramid social entrepreneurship refers to over 4 billion people who live on less than $2 per day. While organizations have tried to alleviate poverty over 50 years, none have fully succeeded. CK Prahalad proposed a new approach of seeing the poor not as victims but as entrepreneurs and consumers, representing a new market opportunity. LaborVoices aimed to allow workers to report workplace conditions via phone to collect data for companies and protect workers' rights, while providing valuable supply chain intelligence to companies at low cost. Rather than charging workers fees, Gill should target larger companies that would pay for the useful information. Social entrepreneurship directly addresses inequality and poverty through business solutions to create social value, though it is less prevalent than environmental

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    1. What is "bottom of the pyramid" social entrepreneurship?

    The bottom of the pyramid" social entrepreneurship is that depending on wealth and
    income differentiate, the top of the pyramid is rich, with plenty of access to high
    incomes; more than 4 billion people with a daily income of less than $2 live in a
    pyramid full of life.
    Over the past 50 years, the World Bank, survivors, various international aid agencies,
    central governments of various countries, and civil society organizations that have
    joined since then have tried their best to eradicate poverty, but none of them have
    achieved their goals.
    The obvious shocking fact is that CK Prahhalad puts forward a very simple but
    extremely revolutionary proposition in his book, Fortune of the Pyramid “(the wealth
    at the bottom of the pyramid), Don't take it anymore The victims of the poor population
    or the social burden, but to see them as dynamic, creative entrepreneurs and potential
    consumers, a new opportunity will open

    2. In the Labor Voices case, what was Kohl Gill's vision for the company?

    Kohl Gill’s vision was a system that would allow workers to communicate the
    conditions in the workplace using cell phones to a company that could collect data and
    relay it to the necessary parties. Not only would this help the workers’ rights, but it
    would also give timely accurate and complete intelligence to the companies that are
    outsourcing the work to Southern India. This intelligence gained from taking the
    information given by workers would be very valuable to companies. Having to date
    supply chain data with minimal cost could be a huge competitive advantage. And it
    seemed as if there were a variety of markets, which could use a system that he named
    LaborVoices.

    3. In the LaborVoices case, which business model do you think he should


    choose? Why?

    All 7 of Gill’s option appear to be decent ones, so picking just one of the models may
    not be the best way. The idea of charging the garment workers a small fee for the service
    should be thrown out. These workers are making little enough already without offering
    their input to LaborVoices. They will be more enticed to offer information if it is free.
    The next idea of playing advertisements should be thrown out as well. Having
    advertisements trying to sell something to the workers giving information would give
    the feeling that LaborVoices is trying to sell them something more than help the workers.
    Rather than looking for its income from the small fish that LaborVoices wants to help,
    Gill should target the big fish that have a use for his information.

    4. "Social entrepreneurship" that alleviates poverty and inequality is must less prevalent
    that "environmental entrepreneurship". Why do you think that is? Do any of the
    readings help you answer this question?
    There are several differences between environmental entrepreneurship and social
    entrepreneurship. The latter is founded based on specific socioeconomic contexts that
    urge the need for addressing various issues mostly raised by inequality. Social
    entrepreneurship is crucial when it comes to poverty alleviation, as focuses on solving
    the problem and not only on profit maximization. Social initiatives aim at producing
    the desired changes even without a commercial model. Instead of products they create
    and deliver values and improve social welfare. On the other hand, they can’t guarantee
    financial viability. Social entrepreneurship through the business to make people get
    involved to achieve alleviates poverty and inequality. Like the LaborVoices case, this
    case brought to light the different strategies social entrepreneurs can use to help the
    likelihood that their venture will succeed. But the environmental entrepreneurship use
    the different ways which people are easy to overlook.

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