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The purpose of the conference was to discuss the work on social entrepreneurship of IESE Professor Johanna Mair and Senior Researcher Christian Seelos,
who has recently joined the Malik Management Center St. Gallen.
According to Mair and Seelos, social entrepreneurship "offers
innovative models for the delivery of products and services to meet
basic needs that are not served by traditional political and economic
institutions". In their view, social entrepreneurship is the "perfect
formula to tackle the difficulties encountered in markets at the base
of the pyramid (BOP)".
In their research, Mair and Seelos have found that social ventures
contribute more to achieving the UN's Millennium Development goals
(such as environmental preservation or the eradication of poverty) than
conventional companies. That is because, they suggest "working for
social sustainability is closely related to economic development".
What's more, the notion that economic development, through
technology-driven productivity improvement, somehow brings developing
countries "up to date" (catch-up hypothesis) is false, they maintain,
because it overlooks countries' "social capability" (i.e. their ability
to respond to economic opportunity). This is demonstrated by the fact
that productivity convergence since the Second World War (over the
period 1950-1980) has affected only a small group of highly
industrialized countries.
During the conference, the two researchers presented various
business models that companies may use to formulate global strategies
that will serve their own sustainable development needs while also
serving society's need for innovation.
Although, as they pointed out, "many needs cannot be linked to
existing corporate paradigms, value innovation may turn them into a
rich source of income".
Specifically, Mair and Seelos have identified three models of collaboration between social entrepreneurs and companies: integrated, symbiotic, and complementary.
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