Social entrepreneurship

SOCIAL ENTREPRENEURSHIP

Presented by,

Karthik K J

THE RISE OF SOCIAL ENTREPRENEURSHIP…

Not a new concept A response to failures of governments

and corporations to tackle social challenges

Accelerated pace: globalization and high interconnectivity

Pragmatic and real-time solutions

The Social Entrepreneurship Movement

Social Entrepreneurship› A new form of entrepreneurship applies to

social problem solving tradition, private-sector entrepreneurship’s focus on innovation, risk-taking, and large scale transformation.

Social Entrepreneurship Process› Recognition of a perceived social opportunity› Translation of the social opportunity into an

enterprise concept› Identification and acquisition of resources

required to execute the enterprise’s goals.

Social Entrepreneurs

Social Entrepreneur› A person or small group of individuals who

founds and/or leads an organization or initiative engaged in social entrepreneurship.

› Also referred to as “public entrepreneurs,” “civic entrepreneurs,” or “social innovators.

SocialEntrepreneur

SOCIAL ENTRENEURSHIP:

+ =

Social Entrepreneur SocialEntrepreneur

Social Entrepreneurs (cont’d)

Characteristics of Social Entrepreneurs as Change Agents› Adoption of a mission to create and sustain

social value (beyond personal value)› Recognition and relentless pursuit of

opportunities for social value› Engagement in continuous innovation and

learning› Action beyond the limited resources at

hand› Heightened sense of accountability

INSPIRING INDIVIDUALS AND COMMUNITIES

The Social Enterprise Challenge

Social Obligation› Firms that simply react to social issues through

obedience to the laws.

Social Responsibility› Firm that respond more actively to social issues;

accepting responsibility for various programs.

Social Responsiveness› Firms that are highly proactive and are even

willing to be evaluated by the public for various activities.

SOCIAL ENTERPRISE:

An organization that applies business (commercial) strategies to promote

development and maximize improvements in human and

environmental well-being, rather thanmaximizing profits for company

shareholders.

BUSINESS AND THE SOCIAL ENVIRONMENT

WHAT IS NOT SOCIAL ENTERPRENEURSHIP

Charity

Advocacy

Corporate Social Responsibility

COMMON CHARACTERISTICS:Social Enterprises:

Operate as commercially run businesses. Create social value and/or mitigate social

problems. Aim to make profits. Generate income through sales of goods

or services. Use good business practices and

principles. Use the majority of their profits to further

social or environmental goals.

THE SOCIAL ENTERPRISEPIONEERS

THE PIONEERS

THE PIONEERS

Microfinance, rural education, social development

BRAC, an international development organization based in Bangladesh, is the largest non-governmental development organization in the world, measured by the number of employees and the number of people it has helped, as of November 2012

PROVEN SUCCESS

Both the Grameen Bank and BRAC demonstrated that is was possible to mitigate poverty on a massive scale.

Growing solutions in a bottom-up fashion.

Social innovation and trial and error.

SOCIAL ENTERPRISE MODELS…

Revolutionizing approaches to business conceptualizationCreative organizational structures Integrated use of technology Bottom-up approachSparking off innovation and change

NOT JUST THE RIGHT THING…

Investment in social enterprise is rising around the world

Biggest economic opportunities are around solving societal needs

Big benefits for countries that pursue it

GETTING STARTED….

Social entrepreneurship is not for everyone…

Driving force: PASSION for a cause Articulating the problem and the

solution Use available resources Find synergy Financially sustainable business model