Entrepreneurship Quotes | Entrepreneurship

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Jul 06 2011

Entrepreneurship Quote

entrepreneurship quote

Charity, Philanthropy, social Entrepreneurship – What’s the Difference?

Carlos Slim went on to explain that trillions of dollars have already been spent on poverty, yet poverty persists.

Furthermore, Carlos commented that giving money to charities is easy for someone like him -its mindless, painless, quick and easy.

Instead, he advocated people should be more active in their “giving” and seek to apply funds to the creation of new, sustainable businesses. Businesses are the entities that can really make a difference. Businesses create jobs, find innovative solutions and ultimately multiply wealth far more effectively than charity.

As an example, he noted that Microsoft has given more to the world than the millions of dollars donated to charity by Bill Gates.

By this point, I had to say I was over my initial shock from his comments and starting to see some logic. It sounded similar to the famous saying;- “Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime”

Carlos Slim went on to talk about the idea that charity is “inefficient” and creates a sort of “dependency” between the giver and the receiver. It is aimed at solving the immediate need, not the cause of the problem.

Philanthropy however, in his eyes was aimed more at facilitating self-sufficiency. It is about identifying the root of the problem, and investing private capital to finding a cure.

He says to do this right “charities” and philanthropic doners needs to think more strategically.

Social Entrepreneurship is the answer.

A social entrepreneur is someone whose primary motive is to make a social return, in equal or greater measure, to the financial return of the business. Slim’s premise is that social entrepreneurship is a far more effective model than charity. It ensures sustainability, innovation and importantly a higher rate of return (socially and financially) from the use of available funds.

This concept goes against the inspirational simplicity of another quote attributed to Nelson Henderson, a pioneer, who apparently said to his son “The true meaning of life is to plant trees, under whose shade you do not expect to sit.”

But as self-less and wonderful as Henderson’s statement is, it’s hard to argue with Slim’s logic when you look at how ‘commercial’ movements like Fairtrade are making a difference.

Fairtrade ensures fair wages are paid to workers in communities which previously lacked sustainable employment. This money creates local wealth, ensures people can afford food, education, healthcare and housing. Yet there is no doubt Fairtrade delivers equal benefits to the businesses involved.

So I can sort of see what he means. I’m still not 100% sure how I can be more strategic in my giving and thus move from addressing the symptom to treating the cause.

But I’m happy to try, because I also liked Slim’s parting comment that;- “It is important to leave a better world to our children, but its even more important to give better children to the world.”

About the Author

Kylie is the Executive Director, International Markets and Trade for the largest State in Australia, New South wales (NSW). Her Division is responsible for helping to internationalise the NSW economy by tapping into international export and investment opportunities.

In her first six months in the role, Kylie has overseen the opening of four NSW Trade & Investment offices overseas, led a Women’s Going Global mission to Japan, facilitated four CEO Sustainability Roundtables and personally assisted two UK companies to set up in NSW, bringing in an estimated 1000 jobs to Australia over the next five years.

Prior to joining the NSW State Government, Kylie spent 10 years overseas as Australia’s Senior Trade Commissioner for the UK, Ireland and Israel; Senior Trade Commissioner for West USA and Senior Trade Commissioner for Spain and Portugal.

17 years with the Australian Trade Commission (Austrade), most of which were served living and working in the US and the EU, has provided Kylie with extensive experience in sectors as diverse as business services, FMCG, financial services, resources, creative arts and music.

During her time in the largest music market in the world, Kylie noted an opportunity to improve services to the Australian music industry and as a result opened Austrade’s Australian Music Office (AMO). This model was replicated in several key music markets around the globe.

Kylie was also one of the Founding Partners of G’day LA, which in 2007 became G’day USA. G’day USA has become the largest annual promotion by any country in the US, delivering millions in commercial outcomes to Australian businesses.

In June 2009, Kylie was again a Founding Partner of the first ever G’day UK, held in London.

During her time with Austrade, Kylie authored numerous articles on International Business and spearheaded two key Austrade guides for Australian exporters, Doing Business in the US and E-commerce in the US, which included information on the US market, business culture and consumer interests.

She also designed and authored Austrade’s award winning Client Service Charter.

Kylie has an honours degree in International Business Relations from Griffith University in Queensland.

For more information or to contact Kylie please visit her LinkedIn profile at :-

http://au.linkedin.com/pub/kylie-hargreaves/3/b75/746

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