Pascal Fröhlicher, a Partner at Impact Amplifier, has been invited by Wits Business School to join a panel of experts discussing social entrepreneurship.
Wits Business School is hosting Professor Alex Nicholls from Saïd Business School at Oxford University, together with a panel of experts to discuss the theme of Social Entrepreneurship: Creating social value in society and business by focusing on social finance, impact investing and social innovation practices.
The panel discussion will focus on how businesses in emerging markets need to cultivate a social component around their business models which can shape their social values and outcomes. Social entrepreneurship has gained popularity under shifting market conditions and can be viewed as a process that catalyses social change and varies according to the socioeconomic, cultural and institutional environments.
In South Africa, social entrepreneurship has unequivocal application where traditional government initiatives are unable to satisfy the entire social deficit, where an effort on the reduction in dependency on social welfare/grants is currently being instituted, and where the survival of many non-governmental organisations (NGO’s) is at stake. Recognising that a key issue confronting social entrepreneurs relates to the evaluation of their outcomes, the panel discussion will facilitate a better understanding of the assessment of social initiatives and social practices of enterprises in South Africa.