Blake Mycoskie started a shoe business known as TOMS. As a social entrepreneur, Mr. Mycoskie takes the concept of ___________________ to a new level. TOMS social causes are directly related to the firm's expertise: selling shoes.

Question

Quizplus · Accepted Answer

The concept of corporate social initiative refers to a business's proactive efforts to make a positive social impact beyond its immediate financial goals or legal requirements. TOMS is an example of this because it has built social causes such as providing shoes to children in need into its business model. Unlike corporate philanthropy, in which a business simply donates money or resources to social causes, TOMS uses its expertise in shoe-selling to actively contribute to solving social problems.

Blake Mycoskie Started a Shoe Business Known as TOMS