(182.) Social Entrepreneurship - Ey (5-star).docx

Request: What is EY currently doing in the area of social entrepreneurship, what led them to start awarding the “Entrepreneur of the Year” award? INSIGHTS -

EY helps social entrepreneurs by providing business support program, business coaching, workshops, and networking events. EY started its entrepreneurship award program with the aim of fostering innovation, creativity, and information on entrepreneurship. JP Morgan is providing financial support to Detroit’s social start-ups and regular businesses.

In this study, we found that EY helps social entrepreneurship by providing entrepreneurs an insight on trusted business models and techniques, contacting with other successful entrepreneurs, giving monetary influence, and giving aid regarding ecommerce. JP Morgan provides model guidance and monetary support to local entrepreneurs to improve the communities and markets in Michigan. Below is a detailed explanation of our methodology and findings. METHODOLOGY We employed the following research strategies in this study: We initially started the research by searching for relevant information regarding what Ernst & Young (EY) is currently doing in social entrepreneurship, and what led them to start awarding the “Entrepreneur of the Year” award from the official website of EY, searching for the company’s social media profiles, and reviewing its affiliate sites. However, we could not find publicly available information directly related to the study. Next, we attempted to contact the managers of the award program, but we could not find any public information available on what happened that led to start awarding the entrepreneurship award program or why EY employs its program in helping social entrepreneurship. Lastly, we attempted to broaden our research strategy by searching for additional information from different news sites such as Forbes and The New Yorker, affiliate sites such as Ecosystems Knowledge Network, Anamilia, and Sahan Cares, and many more. However, we could not find any public information available. We conclude that the limited available information could be due to the absence of publicly available current events that will help in this study. We also could not find the social classes that EY’s programs directly impact. The company’s programs help social entrepreneurship, who then help particular social classes. We only found social classes that are directly helped by EY’s social entrepreneurship programs, and have funded the programs.

ENTREPRENEURSHIP AWARD PROGRAM OF ERNST & YOUNG (EY) EY started its entrepreneurship award program in 1986 to foster innovation, creativity, and information on entrepreneurship, and to encourage and improve the entrepreneur market. The company’s judges get an informative file on each of the countries’ winners, and select the winner for the annual entrepreneurship award by discussing validity and innovative techniques, including social outreach. HOW EY HELPS SOCIAL ENTREPRENEURS EY helps social entrepreneurs by: 1. Delivering a 12-month business support program called “Accelerate”. This business support program directly relates to social entrepreneurship since it is meant for social entrepreneurships and social enterprises. Accelerate is provided by EY to social entrepreneurships because it aims to maintain sustainability in business practices, innovation, and creativity in entrepreneurship markets. 2. Providing business coaching. This directly relates to social entrepreneurship since it is meant for social entrepreneurs and social enterprises. Business coaching is provided by EY to social entrepreneurships because it aims to maintain sustainability in business practices, innovation, and creativity in entrepreneurship markets. 3. Providing workshops. These workshops directly relate to social entrepreneurship because these are meant for social entrepreneurships and social enterprises. Workshops are provided by EY to social entrepreneurships because it aims to maintain sustainability in business practices, innovation, and creativity in entrepreneurship markets. 4. Providing networking events. These networking events directly relate to social entrepreneurships since these are meant for social entrepreneurships and social enterprises. Networking events are provided by EY to social entrepreneurships because it aims to maintain sustainability in business practices, innovation, and creativity in entrepreneurship markets. HOW EY AFFECTS DIFFERENT SOCIAL GROUPS EY affects female social entrepreneurships by offering them an alternative for informative reviews and critique, including monetary benefits. It affects Southern Africa’s social dynamic by directly helping in its social entrepreneurships. The company also affects low income earners by giving them funding and informative insights. HOW JP MORGAN HELPS DETROIT AND MICHIGAN

JP Morgan is supporting financially to Detroit’s social start-ups and regular businesses, and is encouraging development in Michigan by providing support to selected communities’ social entrepreneurships. The company also provided support to some social food entrepreneurships in Detroit.