Business ethics. Social enterprise and business and poverty Essay

Business ethics. Social enterprise and business and poverty. Responsible investment - Essay Example This essay describes action of SELCO in her social entrepreneurship responsibility. SELCO has set example in social entrepreneurship both in India and worldwide. The company successfully presented solar electricity for lighting and power to the less privileged persons in the society. SELCO faced several challenges before succeeding in her operations and objectives in helping the poor. It initially grew purposely through gaining of enough capital and experience thus making it to attempt expanding her networks, which greatly interfered with her financial status. The company then increased the price of the solar panels thus causing a serious decline in the sales and the general operations of the company. Investors were not impressed by the decline of the business and forced the company to lay off employees and contract the business in 2000s. In 2008, SELCO acquired finance from the World Bank and International Finance Corporation to streamline the company although the company remained a for profit organization. However, the director of the company was able to obtain new investors who were aligned with the mission of the company thus making the company to keep her sales and service organization intact. The director was also able to boost the morale of the company’s employee who helped it to continue devising innovative solar solutions. The company successfully devised the solar system that could suite specific needs of the needy urban and rural persons. This was indeed a very good way of achieving social entrepreneurship objective of fulfilling the society needs. SELCO was able to design solar panels that exactly met the needs of the society by beginning with a broad needs assessment of specific part or activity of the underprivileged people in the society (Crane and Matten 2010, p. 474-476). The company ensured that they designed solar panels for street vendors, midwives and even the rural farmers who were in dire of the solar panel. The redesigning process involved many different activities that would ensure that the needs of particular markets were met. The company ensured that her operations were client based thus causing it to restructure and redesign her solar panels. SELCO was able to acquire funds from the World Bank and IMF perhaps due to her social objectives. It also gained publication due to her social entrepreneurship objectives. The company also arranged for financial assistance for the rural people who could not afford to buy even the cheap user customized solar panels. This slowed the company’s growth and made it to earn small levels of profit. The company could also not align her social objectives with the investors needs. Responsible Investment Responsible investment is one of the optimistic emerging trends in the financial world that integrates financial goals with positive business values that shapes the society future. Responsible investments vary because some companies may invest in the environmental factor s, employees’ welfare or society effects such as smoking. Responsible investment is a very vital area in doing business since sustainable society is crucial to the company’s values. Although it is important for organizations to reconcile society’s needs and the business objectives, the main problem is linking the economic, social, and environmental advantages with the

Political Political science Essay Example | Topics and Well Written Essays - 500 words - 1

Political Political science - Essay Example After 1979 revolution, Iranian government started to stop United Nations to inspect Iranian nuclear program by saying that Iranian nuclear program is for electricity purposes so there is no need for the United Nation inspection team to visit the nuclear sites. The US government thinks that Iran should stop working on its nuclear program because it does not need to develop its own nuclear capacity. If we read the latest news dossier regarding Iranian nuclear program and threats to the world’s peace, we come to know that in March 2006, United Nations Security Council discussed the issue of Iranian nuclear program to set up Iran’s conformity with the terms and conditions of Nuclear Non-Proliferation Treaty. In July 2006, Security Council said that International Atomic Energy Agency was not able to provide any assurances regarding peaceful use of nuclear technology by Iran. Therefore, in December 2006, Security Council made a resolution to block Iran’s import and export of sensitive nuclear material. Looking at the behavior of Iranian government, the world’s powerful nations pressurized Iran and urged that it should reveal the nature of its nuclear program during six-party talks in Geneva. In November 2009, the hea d of the United Nations nuclear agency urged Iran to be as much cooperative as possible and suggested that it should send uranium abroad for enrichment purposes. â€Å"Tehran initially accepted but then rejected an offer for an interim solution under which it would ship some uranium out of the country for enrichment† (New York Times). Iran suggested to review the deal and said that it will continue enrichment of uranium in Iran instead of sending it abroad. In December 2009, US warned Iran of new significant sanctions in case of not sending the uranium outside for enrichment purposes. In February 2010, UN inspectors declared that they have evidences related to Iran’s suspicious nuclear activities. Despite of all warnings and sanctions,