SOCIAL ENTREPENURSHIP
• Social entrepreneurship is the use of the
techniques that start up companies and
other entrepreneurs to develop, fund and
implement solutions to social, cultural, or
environmental issues.
History
• Social Entrepreneurship is relatively a new term. It came
in to notice just a few decades ago. But its usage can be
found throughout the history.
• In fact, there were several entrepreneurs who established
social entrepreneurs to eliminate social problems or bring
positive change in the society.
• Vinoba Bhave, the founder of India’s Land Gift Movement,
• Robert Owen, the founder of cooperative movement and
Florence Nightingale, founder of first nursing
school and developer of modern nursing practices
might be included in this category.
They had established such foundations and
organizations in 19th century that is much before
the concept of social entrepreneurship used in
management.
Focus Areas of Social Entrepreneurship
• Enhance a person‘s ability to improve her or his
economic well-being and personal dignity through
opportunity.
• Harness aid to be more accountable, transparent
and solutions-oriented, for lasting development.
• Enable access to and ensure use of reliable,
affordable and appropriate healthcare in
disadvantaged populations.
• Address issues of sustainable productivity not beneficiary
by beneficiary, but system wide.
• Lay the foundation for peace and human security.
• Harness the capital and consumer markets that drive
change by considering all costs and opportunities.
• Transform the way water is managed and provided, longterm, for both people and agriculture
Role and Importance of Social Entrepreneurship
• Employment Development The first major economic
value that social entrepreneurship creates is the job
and employment Estimates ranges from one to seven
percent of people employed in the social
entrepreneurship sector.
• Innovation / New Goods and Services Social
entrepreneurs develop and apply innovation important
to social and economic development and develop new
goods and services. Issues addressed include some of
the biggest societal problems such as HIV, mental illhealth, illiteracy, crime and drug abuse which,
importantly are confronted in innovative ways.
Equity Promotion social entrepreneurship fosters a more
equitable society by addressing social issues and trying to
achieve ongoing sustainable impact through their social
mission rather than purely profit-maximization. Another
case is the American social entrepreneur J.B. Schramm
who has helped thousands of low-income high-school
students to get into tertiary education.
Social Entrepreneur
• A social entrepreneur is somebody who takes
up a pressing social problem and meets it
with an innovative or path breaking solution.
Since profit making is a secondary objective,
therefore they are people who are passionate
and determined about what they do. They
possess a very high level of motivation and are
visionaries who aim at bringing about a
change in the way things are.
Qualities of Social Entrepreneurs
• Ambitious: Social Entrepreneurs tackle major social issues, from increasing
the college enrollment rate of low-income students to fighting poverty.
They operate in all kinds of organizations: innovative nonprofits, socialpurpose ventures, and hybrid organizations that mix elements of nonprofit
and for-profit organizations.
• Mission driven: Generating social value —not wealth—is the central
criterion of a successful social entrepreneur. While wealth creation may be
part of the process, it is not an end in itself. Promoting systemic social
change is the real objective.
• Strategic: Like business entrepreneurs, social entrepreneurs see and act
upon what others miss: opportunities to improve systems, create solutions
and invent new approaches that create social value.
• Resourceful: Because social entrepreneurs operate within a social context
rather than the business world, they have limited access to capital and
traditional market support systems. As a result, social entrepreneurs must
be skilled at mobilizing human, financial and political resources.
• Results oriented: social entrepreneurs are driven to produce measurable
returns. These results transform existing realities, open up new pathways
for the marginalized and disadvantaged, and unlock society‘s potential to
effect social change
Role Of Technology
• The Internet, social networking websites and social media
have been pivotal resources for the success and
collaboration of many social entrepreneurs.
• Using wiki models or crowdsourcing approaches, for example,
a social entrepreneur organization can get hundreds of
people from across a country (or from multiple countries) to
collaborate on joint online projects
• Having IT (Information Technology) enabled kiosks in rural
areas in India wherein those people and the teenagers and
the youth in particular can pick up valuable IT skills which
would enhance their employability in future.
Problems Facing By Social
Entrepreneur
• Funding
• Strategy and Long-Term Focus
• Remaining True to the Mission
• Lack of skilled man force
• Social and Cultural Effect
• Lack of Government support:
Some famous Social entrepreneurs
Bill Drayton
Drayton is recognized as one of the
pioneering social entrepreneurs of our time.
Drayton founded “Ashoka: Innovators for the
Public” in 1980, which takes a multi-faceted
approach to finding and supporting social
entrepreneurs globally
Muhammad Yunus
founded Grameen Bank 1983. In 2006, Yunus was
awarded the Nobel Prize for creating the Grameen
Bank to empower villagers with the funding to pull
themselves out of poverty.
Sanjit “Bunker” Roy
He had a privileged upbringing in India, in contrast to many
Indians who live off of less than US $1 a day. He
founded Barefoot College in 1972, a solar-powered college
for the poor.
Conclusion
Social Entrepreneurship holds the key for future
development in India. In the days to come, social
entrepreneurs will play a crucial role in the
advancement of social changes. The best thing
about social entrepreneurship is that success is not
mentioned by financial gains, but by the number of
people these enterprises are able to reach and
create a positive impact. In the coming days, social
entrepreneurship and Social businesses will be in
the mainstream substantially, which will hopefully
impact the society positively