Teaching at a Christian univeristy, it's not uncommon for someone to doubt the validity of a business school. I've written before about it here. People think business equals profit and greed, and for a Christian that must mean business is bad. However, suddenly business is hot again and that's because of this nifty little word called social entrepreneurship, which is also known as Business as Mission (BAM). Social entrepreneurship is when a business uses for-profit means to accomplish a social good. This usually happens in one of two ways. A non-profit starts a for-profit enterprise and uses the proceeds to fund their philanthropic activities. Or a for-profit decides to put some of its business proceeds towards a good cause. An example of the first is the Salvation Army retail stores. An example of the second is Tom's Shoes, which donates a pair of shoes to children in need for every shoe that is sold.
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