Tag Archives: Social impact

UMD Students Consulting with Local Businesses in Ecuador

This summer, we will feature guest posts from students who received a Dingman Center scholarship to participate in the Maryland Social Entrepreneur Corps (MSEC). They will share their experiences learning about social entrepreneurship while consulting with local businesses in Latin America for eight weeks this summer. Learn more about MSEC here.

blog_pic4by: Gunleen Deol ’21

My time in-country here in Ecuador with the Maryland Social Entrepreneur Corps (MSEC) has been phenomenal. I’ve had the opportunity to learn a tremendous amount from my peers, not just those from UMD, but also those from the University of Conneticut. Moreover, I’ve experienced an incredible amount of personal growth from conversing with my host familes in Spanish and really getting to know them by immersing myself in their culture. The most rewarding part of my experience, however, is the work that we do here in the rural communities.

Before dividing off into two groups and traveling to different rural communities in Ecuador, the entire SEC team spent two weeks in Cuenca, Ecuador, familiarizing ourselves with the four main projects that we have the liberty to work on during our time in the rural communities.

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Terp Toolkit: Incorporating Social Impact into Your Business Model

by: Sara Herald

Social impact, long considered to be the exclusive territory of nonprofits, is becoming an integral part of for-profit businesses across the globe.  From huge corporations like Unilever to local startups like Misfit Juicery, generating both profits and social good is gaining acceptance as good business practice.

This shift isn’t necessarily based in moral arguments such as “it’s the right thing to do”, but rather in solid business fundamentals: that’s what customers want.  As more and more Millennials enter adulthood, they want to start up, work at, and buy from companies working to achieve social good.  84% of Millennials “consider a company’s involvement in social causes in deciding what to buy or where to shop” and they report “increased trust (91%) and loyalty (89%) in…companies that support solutions to specific social issues.”

If Millennials expect companies they engage with to have more than one bottom line, how can aspiring entrepreneurs of all kinds deliver on those expectations? The key lies in moving from a donations mindset to an operations mindset.
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6 finalists remain after the Do Good Challenge Semifinals

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By: Megan McPherson

The small classroom setting of the Do Good Challenge Semifinals felt intimate and understated, but the passion of each student shined just as brightly in that classroom as it may have on some grand stage. As each team pitched their eight weeks of social impact to the judges panel, I tried in vain to capture the morning’s energy with numerous photographs and tweets.

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Lessons from TOMS Shoes at the Social Enterprise Symposium

By Danielle Bennings

Shira Shafir, director of Social Innovation and Impact at TOMS Shoes

Shira Shafir, Director of Social Innovation and Impact at TOMS Shoes

Last week the Center for Social Value Creation hosted the 7th Annual Social Enterprise Symposium; one of the largest annual events at the University of Maryland. Students, faculty and staff from across campus gathered for a day of interactive sessions, panel discussions and workshops centered around social, environmental and economic change. One of the most exciting aspects of the day was the morning keynote from Shira Shafir, Director of Social Innovation and Impact at TOMS Shoes. Her talk focused on the evolution of TOMS as an organization and their mission to use business to improve lives. Keep reading for highlights from the talk.

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