David Reiling is the chief executive officer of Sunrise Community Banks and the president of University Bank in Saint Paul, Minnesota.
David C. Reiling
As chief executive officer of Sunrise Community Banks, David is responsible for three individually chartered banks and two bank holding companies.
University Bank’s mission is to be “The Leader in Improving Our Urban Community.” Under David’s leadership the bank aggressively lends to Saint Paul and Minneapolis’ economically challenged communities. David has created several lending and depository products to assist underserved neighborhoods gain access to capital and cash. University Bank was the first bank in Minnesota to earn the designation of a Community Development Financial Institution (CDFI) by the U.S. Treasury.
Reiling serves on the Board of Directors of the Minnesota Bankers Association, University of Wisconsin-Madison’s Graduate School of Banking, Breck School and the Capitol Area Planning & Architectural Board. Reiling is also a member of numerous civic and professional associations including the Saint Paul Chamber of Commerce and the Midway Chamber of Commerce. David has lectured on community development banking topics to numerous schools, non-profits, and civic organizations. Reiling’s bank was awarded the U.S. Chamber of Commerce – 2004 Corporate Citizenship Award and he was Ernst & Young’s Socially Responsible Entrepreneur of the Year in 2002.
Reiling is a graduate of the University of San Diego, University of Southern California - Graduate School of Business, and University of Wisconsin, Madison – Graduate School of Banking. He has been in banking for sixteen years—seven years on the west coast with First Interstate Bank (now Wells Fargo) and Citibank/Citicorp (now Citigroup), and nine years with University Bank.
Reiling lives in Minneapolis, Minnesota, with his wife Kerry and his three children, Danny, Kelly and Sean. David enjoys spending time with his children and playing tennis with his wife.
Shaker A. Zahra
Center for Entrepreneurial Studies, Department of Strategic Management and Organization, Carlson School of Management, University of Minnesota
Social Entrepreneurship: Domain, Contributions and Ethical Dilemmas
Scholarly research into the domain, manifestations and contributions of social entrepreneurship has grown rapidly over the past decade. This research highlights the valuable and varied contributions of entrepreneurship for addressing social problems and enhancing social wealth. Yet, the domain of and ethics associated with the field of social entrepreneurship remain the subject of considerable debate. In this article, we add to the literature by: defining this complex term, delineating its territory; discussing its importance for creating economic and social wealth; offering a typology of social entrepreneurs and their motivations; and articulating the major ethical concerns encountered in the practice of social entrepreneurship. These ethical issues reflect the dark side of social entrepreneurship and manifest institutional and individual failures. We conclude by outlining key managerial implications and an agenda for future research, especially regarding the ethics of social entrepreneurship.
Shaker A. Zahra is Robert E. Buuck Chair of Entrepreneurship and Professor of strategy and organization at the Carlson School of Management at University of Minnesota, where he is also the Academic Co-director of the Center for Entrepreneurial Studies. Previously, he was Paul T. Babson Distinguished Professor of Entrepreneurship at Babson College and Professor of Strategy and Entrepreneurship at Georgia State University. Further, Shaker has been a visiting or guest professor at several universities in Europe, the Middle East and Asia. Shaker’s research focuses on the intersection of corporate and technology-based entrepreneurship, especially in global companies and industries. His research has appeared in leading journals that include the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, Journal of Management, Journal of International Business Studies, Journal of Business Venturing, and Information Systems Research. He has also published or edited 10 books. His research has received several major awards (including an honorary Ph.D. from Jonkoping International Business School, Sweden) and grants. The recipient of several research honors, he was elected 21st Century Fellow of the National Consortium of Entrepreneurship Centers, Fellow of the Southern Management, and Research Fellow of the Raymond Institute for Family Business. He has served on over 15 journal editorial boards and currently serves as the International Entrepreneurship area editor of JIBS. Shaker has also served as the Director of the Babson Kauffman Entrepreneurship Research Conference (BKERC) and is the incoming chair for the Entrepreneurship Division of the Academy of Management. Shaker has been a consultant to several companies in the US and other countries, taught in the executive programs at Babson, Georgia State and Georgia Tech. He has also taught in several company-sponsored executive education and MBA program. He has taught at several Ph.D. programs in the US and other countries. His teaching has received several awards.
George G. Brenkert Professor of Business Ethics
McDonough School of Business Georgetown University
Innovation, Rule Breaking, and the Ethics of Entrepreneurship
In this paper, I examine one aspect of the ethics of entrepreneurship that relates to the changes and innovations with which entrepreneurship is frequently associated. It is often said that if one is to be an entrepreneur one must break the rules, not accept conventional wisdom, but take advantage of the various opportunities that one perceives even if this involves personal, legal and social risks. Following such injunctions may, of course, lead entrepreneurs to a number of moral dilemmas, but doing so fits with descriptions of entrepreneurs being tricksters, wylie competitors, and clever enterprisers. Some of these rule violations in fact become part of their mythology. Without these bold and/or devious acts, it is said, some of their companies would not have existed. If entrepreneurs are supposed to engage in creative destruction there is no reason, a priori, why this notion might not apply to features of morality as well.
I explore the connection between this dynamic, boundary crossing view of entrepreneurship and its ethical implications. I believe that in exploring these relationships we can learn more about entrepreneurship as well as ethics. Doing so may help us in our development of an ethics of entrepreneurship, while (at the same time) better understand the nature and role of moral change in morality. Pursuing these lines of thought leads to discussions of the adequacies (or inadequacies) of rules with regard to ethical behavior in and outside of business. A proper response to these features of entrepreneurship requires that we develop a process of ethical decision making that looks beyond the rules that they are said to break to the kind of businesses and characters they wish to develop. Regarding these choices other crucial considerations than rules are linked to issues of moral imagination and moral wisdom. In fact, this path leads us to a different view of morality than the one which traditionally is presented. It turns out that there is a fundamental tension in our moral thinking about following and breaking rules. Some believe this tension can be dissolved. I contend that it cannot be dissolved, but must be accommodated. Dealing with it is essential to the ethics of entrepreneurship.
George G. Brenkert is former President of the Society for Business Ethics, past Editor-in-Chief of Business Ethics Quarterly, a member of the Executive Committee of the Association for Practical and Professional Ethics, and a fellow of the Ethics Resource Center. He received his doctorate from the University of Michigan . He has published books on Political Freedom (Routledge) and Corporate Integrity and Accountability (SAGE). In addition, he has published numerous articles in such journals PublicAffairs Quarterly, Philosophy & Public Affairs, Public Policy & Marketing, Business Ethics Quarterly, Journal of Business Ethics, and Business & Professional Ethics Journal. He is currently working on a book on marketing ethics (Blackwell).
Saras D. Sarasvathy Associate Professor of Business Administration
Darden Graduate School of Business Administration
University of Virginia
Markets in Human Hope
The topic for this chapter is a puzzle that I have struggled with. The puzzle is this: Why can’t I buy futures contracts in Rwandan prosperity? Or options in environmental conservation in Brazil? Or equity in the emancipation of Afghan women? If I want to participate in the upside potential of biotechnology, I can buy Genzyme stock or shares in a biotech mutual fund with a couple of clicks of the mouse. But if I want to participate in the upside potential of literacy in the Congo delta, or even youth development in South Central Los Angeles, I have to research obscure charities, mail out checks, maybe fill out tax exemption forms, then cross my fingers and hope that my money will be put to some good use. I have no way of analyzing and selecting among competing models, monitoring my investments, trading them for liquidity, or cashing in on positive results.
Saras D. Sarasvathy is Associate Professor of Business Administration at the University of Virginia ’s Darden Graduate School of Business Administration. Her research led to the development of a model of entrepreneurial expertise called effectuation, that provides micro-foundations for theories about the creation and growth of new organizations and markets. Her active research program involves collaborations with over a dozen scholars from around the world, whose published and working papers can be found at www.effectuation.org. In addition to a master’s degree in Industrial Administration, she received her Ph.D. in Information Systems from Carnegie Mellon University. Her thesis on entrepreneurial expertise was supervised by Herbert Simon, 1978 Nobel Laureate in Economics. Before joining Darden, she had been on the faculty of University of Washington ’s business school, and the R. H. Smith School of Business at the University of Maryland. Before that, she was part of the founding team in five entrepreneurial ventures.
