Before watching the speech given by Marian Spier, I saw social impact as a simple concept; for me, it was simply the influence or effect of people or groups of people towards our society as a result of their actions which arise from the desire for continuous development. Social impact, to me, can be negative or positive, is done intentionally or unintentionally, and influences a specific aspect within society or creates a significant change in the world. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Watching the video on social impact gave me a deeper understanding of the mentioned topic, I realized that although its concept seems simple, it has its own depth and complexity. First, I learned the fact that social impact had its five principles or the Five Cs which were possibility, clarity, mania, courage and consideration. The case was about creating opportunities, where to create real change in society you need to be able to manage from nothing; choosing to start this way could lead to significant changes that we may not be able to predict. Clarity, on the other hand, meant having a vision of what we want to achieve, it is always easier to achieve something if we are able to foresee the end point of our objectives; as I understood from the situation described in the video, life experiences can lead to being more motivated to achieve the objectives indicated. Furthermore, Craze is about being passionate about what you want to start doing, it not only gives the drive and motivation in achieving the goal for the company but also influences the people around us who help us achieve our goals . Courage is also one of the principles because starting a business is not only an effort in itself but also involves risks and therefore, according to what I learned in the video, we must have an entrepreneurial mentality to be able to quickly seize the opportunities at hand and learn to innovate so that we can continue to provide products and services that the world truly needs, not just wants. Finally, we must be thoughtful and determined, which simply means that we must always have a purpose and meaning behind everything we do to help our community and solve its existing problems. Secondly they enlightened me on the difference between entrepreneurs and social entrepreneurs; entrepreneurs are people who take risks and prioritize profit more than any other aspect of the business, on the other hand, the latter is someone who puts aside the thought of earning money and instead focuses on positive and meaningful impact that it can bring into society or a specific community. Social entrepreneurs are more passionate and have more empathy than entrepreneurs when it comes to wanting to influence the world around them. Based on my observations, I believe that social impact is the result of social entrepreneurship which is currently very rampant in the Philippines. One of the social impacts I have noticed is within my own community where there are some franchise owners, who are commonly stay-at-home mothers, of the Hapinoy Store, where, according to the Hapinoy website, "...imagined a better lives of these nanay to make them more effective micro-entrepreneurs, with the aim of leveraging the store network to provide communities with access to high-impact products and services”. stated in their mission, they aim to train those who are interested to own a "sari-sari" store and provide them with "micro-entrepreneur-oriented" programs and access to the digital world, 45(4), 346-356.