Hapinoy Prototypes Open Innovation in the Philippines 249.0
Hapinoy and MicroVenture’s Bam Aquino and Mark Ruiz are finalists for the 2010 Ernst & Young Social Entrepreneurs of the Year Award. SYNTHESiST has featured Hapinoy’s innovative approach in re-organizing the retail (sari-sari store) trade to deliver on the triple bottom lines for social entrepreneurs – profits, sustainability and equity. Beneficiaries. Thus far, approximately 10,500 [...]
High Productivity Allows Growth and Equity at the Same Time 243.0
Paul Krugman, the 2008 winner of the Nobel Memorial Prize for Economics, says that in economies where trade is a small component of GDP as in the Philippines, the main determinant of competitiveness is domestic productivity. And, in my view, addressing development policy via domestic productivity at the industry or firm level, and not with [...]
Hapinoy – Mark Ruiz Retails Sari Sari Happiness to Filipinos 228.0
“The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield,” begins Peter Drucker’s classic 1985 book, Innovation and Entrepreneurship, quoting the French economist J.B. Say. Thus, Mark Ruiz and the Hapinoy/MicroVentures (MVI) team, all social entrepreneurs, are mining a rich vein for social enterprise [...]
Embedding Sustainability into New Enterprises 184.0
New Zeitgest, tools and metrics are making CSV for enterprise the new norm Businesses are starting to embed sustainability into their strategy rather than just do it as a separate project under corporate social responsibility (CSR). They are starting to do this because it is beginning to make business sense. The Sagip Pasig Movement (SPM) [...]
Social Enterprise as the Next Big Thing – 2 of 3
The social enterprise – with its triple bottom line – could very well be the next, big social innovation in line with Drucker’s examples listed in Post #73. And the Institute for Social Entrepreneurship in Asia (ISEA) is in the forefront of efforts to make this a reality in the region.
