McGraw-Hill Research Foundation Policy Paper Shows How Social Entrepreneurship Provides Innovative Solutions to Global Education
Monday, February 6, 2012
In the last decade, social entrepreneurship has been touted as one of the most promising ways to solve some of the world’s problematic issues. How Social Entrepreneurship is Helping to Improve Education Worldwide, a McGraw-Hill Research Foundation policy paper, outlines specific ways in which social enterprise is improving education in the U.S. and in developing countries. Written by Rupert Scofield, President and CEO of The Foundation for International Community Assistance (FINCA), a global microfinance network, it underscores the power of harnessing philosophies of for-profit business to create organizations that are mission-driven, innovative, sustainable, and effective.
The global education sector has struggled in recent years to cope with issues ranging from theachievement gap and limited accessibility to a general decline in educational quality. Government impasse and stretched financial resources have only deepened this crisis in education. In developing countries, failure of government and market forces to effectively address educational access and quality is even more severe. Scofield shows how social entrepreneurship is playing a key role in devising innovative ways to improve access to and quality of education both domestically and abroad. He uses case studies from four organizations: Genesys Works, The Women’s Housing and Economic Development Fund, DonorsChoose.org and The Mann Deshi Foundation to illustrate the effectiveness of the social enterprise model and the impact social entrepreneurship can have on the issues plaguing the education sector including: