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Educating Social Entrepreneurs, Volume I by Maria Aggestam, Paul Miesing

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CHAPTER 3

Purpose versus Profits

Jerrid P. Kalakay

Valencia College

Introduction

This exercise helps students develop a deeper understanding of the various missions associated with social entrepreneurship. It furthers the development of students’ social entrepreneurial skill-set and their understanding of decision making regarding social value and wealth creation.

Purpose/Learning Objectives

Decision making within business dating back to the 1950s with Herbert Simon’s (1959) studies often overlaps between economics and psychology. Organizational decision making has been investigated from the frames of ethics, rationality, moral philosophy, culture, and cognitive moral development among many others (Jones 1991; Loe et al. 2000; Simon 1959, 1979 ...

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