Enlightened Self-Interest and Globalizing India Through Social Entrepreneurship

Enlightened Self-Interest and Globalizing India Through Social Entrepreneurship

Nisha Ashish Pandey
DOI: 10.4018/IJSESD.2022010108
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Abstract

Economists believe that companies exist solely to generate maximum profits for shareholders using all legal and ethical means. However, philosophers and various theories of Ethics talks about that companies have a responsibility to other stakeholders, including their employees, suppliers, customers, and the communities within which they operate. Enlightened self-interest recognizes that a company's prime purpose is to not only making profits, but also this goal can be achieved by fulfilling its social and environmental responsibilities. Collective consciousness view considers the intersubjective realm to understand the enlightened self-interest to maximize the welfare of society. Companies use charitable donations to influence public opinion in their favour and long term wellbeing of society. Social Entrepreneurship promotes both wellbeing of society and creative solution for long-term growth and can earn a profit with goodness.
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2. Enlightened Self-Interest: Driving Force Of Social Entrepreneurship

The latest restatement of social enterprise will lead to faster rates of deep social impact, and in the ways, brilliant people can make structured contributions to social and economic change. Enlightened self-interests includes narrow self-interest focuses on individual possessions but includes interests that are shared, in which one has only partial ownership which focuses on relationships, community, and social values and interests that are purely unselfish.

All three; self-interests, shared-interests and altruistic-interests - contribute to one's wellbeing and quality of life. Each contributes to a more enlightened sense of the quality of life; which explicitly recognizes that each individual is a part of the whole of society, which in turn must conform to some higher order of things.

The Dalai Lama said that “If you think in a deeper way that you are going to be selfish, then be wisely selfish, not narrow-mindedly selfish. From that viewpoint, the key thing is the sense of universal responsibility, that is, the real source of strength, the real source of happiness. If we have a genuine sense of universal responsibility as the central motivation and principle, then from that direction our relations with the environment will be well balanced. Similarly with every aspect of relationships: our relations with our neighbors, our family, and country neighbors, will be balanced from that direction”.

This enlightened self-interest is a product of balance among narrow self-interests, community or shared-interests, and altruistic or other interests. Enlightened self-interest means that we cannot simply maximize or minimize any one particular aspect or dimension of our lives. We cannot be driven merely by greed, altruism, or concern for community. Instead, we must pay conscious attention to whether we are adequately meeting our needs as individuals, as members of some larger community or society, and as moral, ethically responsible humans. Quality of life is a consequence of harmony or balance among the three.

Ashoka founder Bill Drayton keenly observes that social enterprise is not a standalone discipline anymore. These incredibly talented students have opportunities to join jobs at places like Google or Bain. Despite this pressure, talented young people are making strategic, robust social and economic change a part of their DNA — not a trivial side activity to pad resumes.

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