Question

Sustainable Social Entrepreneurship has become a very hot area of start-up business development in the last 5 years.

Please choose a social entrepreneurship organization and describe the shared value and triple bottom line of that company or organization.

Answer 1

Tom's Shoes exemplifies sustainable social entrepreneurship by following the triple bottom line approach, balancing financial, social, and environmental responsibilities, and sets an example in responsible corporate practices.

Step-by-step explanation:

Sustainable Social Entrepreneurship represents a fusion of business innovation with a desire to address social, economic, and environmental challenges. One prominent example of a social entrepreneurship organization is Tom's Shoes, which practices the triple bottom line approach, focusing on social, environmental, and financial success. Tom's Shoes creates shared value by providing a free pair of shoes to a person in need for every pair sold, thus embedding social good into their core business model.

Corporations like Tom's are increasingly taking responsibility for addressing issues through ethical practices, which also includes establishing transparent and responsible approaches towards emerging technologies. The company's adherence to the triple bottom line principle ensures a balance between profit-making and socio-environmental sustainability. The approach aligns with the beliefs of many indigenous cultures and contemporary community organizations that advocate for sustainable development as an integrated process encompassing diverse societal aspects.