Social progress - Assignment Example

Social Progress Social Progress Definition of Social Progress Index Social progress index is the measure of national progress on enhancing social and environmental value. According to Green (2014), social progress index refers to the societal measure of well-being that is different from the GDP. Social progress provides an innovative way of perceiving the situation of countries by defining the meaning that it adopts as a good society in attaining the demands of citizens (Green, 2014). Social progress index describes the measure of the situation in which a society has strategies of improving the lives of citizens through reliable accesses to fundamental needs and necessities.

Impacts of Social Progress Index on GDPGreen (2014), explains the relationship between social progress and GDP of a country. The social progress status of a country, according to Green (2014), is independent of its GDP level. In most countries, however, a high social progress status is dependent on high GDP. When a country’s levels of income rises, social progress that emerges from economic development end up getting exhausted (Porter & Stern, 2014).Several social and environmental challenges result from a country’s economic growth.

Fast-growing economies that disregard social progress concerns show success and improved GDP. A high social progress status, therefore, does not necessarily mean improvement in GDP. For instance, nations such as Chad show low social progress index but have comparatively high GDP.Social Improvements for Small ReformsIt is justified that social improvements result from many myopic reforms that cause the GDP-Social Progress cohesion (Grzesiak et al., 2014). The cohesion ensures that a rise in GDP influences positive changes in social progress index of a particular economy.

Deloitte imperative is a strategy that focuses on addresses fundamental economic issues such as incorporating social progress in economic growth (Talbot, 2014). It emphasizes the need for governments to visualize beyond the boundaries of micro-economic levels in supporting social progress.Social Progress in Business EvaluationSocial progress is imperative in evaluating business because it relates to the per capita income. Business success in a region depends on consumers’ purchasing power. Social progress, therefore, is a vital component to consider when evaluating a business.

Social Entrepreneurial BehaviorSocial entrepreneurial behavior is fundamental to driving social progress in any economy (Skoll & Osberg, 2013). It is important because social entrepreneurs get motivated through opportunities they identify and vision they pursue. ReferencesGreen, M. (November 11, 2014) What the Social Progress Index can reveal about your country. TED Talk. Retrieved November 18, 2014 from http://www.ted.com/talks/michael_green_what_the_social_progress_index_can_reveal_about_your_countryGrzesiak, M.

, Richert-Kazmierska, A., Hogeforster, M., & Baltic, S. A. B. S. (2014). Civilizational Changes and the Competitiveness of Modern Enter-Prises. Norderstedt: Books on Demand.Porter, M. & Stern, S. (2014). Social Progress Index 2014. Retrieved November 17, 2010 from http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=13&ved=0CFMQFjAM&url=http%3A%2F%2Fmedia.nzherald.co.nz%2Fwebcontent%2Fdocument%2Fpdf%2F201414%2Fprogress.pdf&ei=iMhpVO3-MIzkaJu0gYAM&usg=AFQjCNFWZMSa7Zg36kp-RaM0eI2z0-4XhA&sig2=9cdVSMEZIHIl6oWCqa-Ocw&bvm=bv.

79142246,d.d2s&cad=rjaSkoll, J. & Osberg, S. (2013, October 7). Social Entrepreneurs Dare To Change The World. CNN. Retrieved on November 17, 2014 from http://edition.cnn.com/2013/09/07/opinion/skoll-osberg-social-entrepreneursTalbot, J. (November 14, 2014). Deloitte Cites Social Progress as Criteria for "True Growth" on Eve of G20 Summit. The Social Progress Imperative. Retrieved on November 17, 2014 from http://www.socialprogressimperative.org/blog/posts/deloitte-cites-social-progress-as-criteria-for-true-growth-on-eve-of-g20-summit