Lesson 9 Business Ethics PT
Lesson 9 Business Ethics PT
Lesson 9 Business Ethics PT
B.Reflection/New Learnings
Social enterprises in the Philippines have been gaining momentum in recent years,
driven by the need to address social and environmental issues while creating
sustainable businesses. Through my research, I have learned that these organizations
are not only creating employment opportunities for marginalized communities, but they
are also driving innovation and fostering community development. However, there are
still challenges such as limited access to funding and lack of awareness about social
enterprise models. It is essential to continue promoting and supporting these initiatives
through policy reform, education, and collaboration between stakeholders. I believe that
social enterprises can play a critical role in achieving inclusive economic growth while
addressing societal challenges in the Philippines.
C. Application
As an individual, I can apply the concept of social enterprises in the Philippines to
myself by supporting local businesses that prioritize social and environmental impact.
By choosing to purchase products or services from these organizations, I am
contributing to their mission of promoting sustainable development and empowering
marginalized communities. Additionally, I can educate myself and others about the
importance of supporting social enterprises and spread awareness about their positive
impact on society. Through these actions, I can play a small but significant role in
creating a more equitable and sustainable future for all Filipinos.
D.Vocabulary/Terms
Social enterprises in the Philippines are gaining popularity as a way to address social
and environmental issues while also generating sustainable income. Some key terms
associated with social enterprises include "triple bottom line," which refers to the three
areas of impact that these businesses aim to achieve: social, environmental, and
financial. Another term is "inclusive business," which emphasizes the importance of
providing opportunities for marginalized communities to participate in economic
activities. "Impact measurement" is also crucial for social enterprises, as it helps
measure the effectiveness of their interventions. Lastly, "social innovation" refers to the
development of new solutions that address pressing societal challenges.