Very significant role in the filipino community

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Reference no: EM131246238

Write a 150-word response (agreeing or disagreeing) to the following prompt:

Rags2Riches is a social business enterprise that plays a very significant role in the filipino community. The company's mission was to help the hard working mothers to be more profitable and improve the quality of the rugs. They saw a social problem and were able to turn it into a business opportunity. This impact really helped the community by turning the women into stakeholders. I was impressed how the women were both the stakeholders, and fashion designers were able to come up with high end fashion products. The fact that they collaborated with the country's most famous designers to support them was productive. They were able to seek growth by allowing those new partners to share new ideas to make their product successful. We should measure the SROI when reporting the results of the Rags2Riches is the impact they have on the communities, the role of stakeholders in making adjustments in social issues. Because it is their responsibility to find an opportunitiy to resolve social issues going on in the communities. For instance, on responsibility could be to provide more jobs and improve working conditions. You can also measure the market they are targeting and how they can improve the quality of their products. It is important for to keep up with the quality of rugs they are providing in the high end fashion market.

Reference no: EM131246238

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Very significant role in the filipino community : Rags2Riches is a social business enterprise that plays a very significant role in the filipino community. The company's mission was to help the hard working mothers to be more profitable and improve the quality of the rugs. You can also measure the m..

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