SOCIAL

ENTREPRENEURSHIP
PRESENTED BY
RAJSHEKAR S
HARSHITH KUMAR V
GIRISH D
INTRODUCTION

According to Bornstein, “A social entrepreneur is a path breaker with a

powerful new idea who combines visionary and real world problem
solving creativity has a strong ethical fibre and is totally possessed by
his or her vision for change”.
It is mainly concerned with using the exclusive research to define a
certain social issue then causing a change with the help of establishing
a social venture.
Concept of Social Enterprise, Social
Entrepreneurship and Social Entrepreneurs
• Social Entrepreneur and Social Entrepreneurship
Social Entrepreneur can be seen as an individual or group of
individual who initiate or lead an organisation which is involved in
Social Entrepreneurship.
Social Entrepreneurship: Basically, doing a business for the welfare of
the society is called Social Entrepreneurship. It is the environment
where social entrepreneurs design actions and procedures to fulfill
their social goals.
Social Entrepreneurship and Social Entreprise
• The enterprise engaged in fulfilling the social objective of the social
entrepreneur through the act of social entrepreneurship is called
social enterprise.
• It Is very difficult to determine if any enterprise is social or not
because many times the social causes may be personal to an
individual.
Types of Social Entrepreneurs
1. ACTIVISTS: can be seen as those social entrepreneurs who are
inclined more towards the society. There are very vocal and freely
share their social values with other individuals so that they can also
be involved in the process of social welfare.
2. CHANGE AGENTS: In case of a change agent type of social
entrepreneur , social values about the products are not advertised
to customers and workforce neither any kind of marketing is
employed to promote social causes.
Types of Social Entrepreneurs
3. MARKET PIONEERS: The Social entrepreneur who are termed as
market pioneers are very forward about their intentions of social value
creation and market change effect to their customers.
4. MARKET INFLUENCER: Main focus of a market influencer remains on
the financial aspects of the venture. They also look for creating social
values but not make it very clear to their target customers.
Perspective of Social Entrepreneurship
• Creating a Better World: This perspective strongly emphasis that is
only social goals that drive social entrepreneyrship- at one extreme
are those who hold that some goals must be the exclusive aim of the
social entrepreneur.
• At the Intersection of Social and Financial Goals: This perspective is a
modified version of the above perspective which emphasizes that in
social entrepreneurship, social and financial goals can be combined
with each other although the social objective has primacy.
Boundaries of Social Entrepreneurship
• Non-profit with Earned Income Strategies: A social enterprise
performing hybrid social and commercial entrepreneurial activity to
achieve self-sufficiency.
• For-Profit with Mission-Driven Strategies: A social-purpose business
performing social and commercial entrepreneurial activities
simultaneously to achieve sustainability.
Importance of Social Entrepreneurship
• Employment Development: Creation of job and employment is the
first and foremost economic value which is created by social
entrepreneurship as it is mutually shared by both the businesses and
entrepreneurs.
• Innovation: Besides the production of new goods and services, the
innovations which are critical for the social and economic
development are implemented and promoted by social enterprise.
Importance of Social Entrepreneurship
• Social Capital: is among the critical values which are generated by
social enterprise. It can be commonly understood as network of
relationships among people which include mutual recognition ans
acquaintance.
• Equity Promotion: An equitable society is created with the help of
social entrepreneurship. This could be done by addressing the
different social issues and accomplishing the continuous sustainable
development by using the social mission instead of focusing only on
maximizing profit.
Limitations of Social Entreprneurship
• Funding: Social enterprises are neither pure corporations nor
charitable organisations. They can be placed somewhere in the
middle. They can also be operated either for making profit and not
making profit. Corporate investment, donations and funds form
government can be the other forms of funding for such enterprises.
• Communicating Value Objectives: These social enterprises are not
just focused towards creating commercial values in fact the social
entrepreneurs are really motivated by the additional social values that
are created in the process.
Limitations of Social Entrepreneurship
• Strategy and Long-Term Focus; Having a long-term strategy,
sustainable growth and suitable goals are quite important for every
type of business. The social enterprises face a lot of trouble dur to
their primary purpose of creating social benefits and values.
• Remaining True to the Mission: Dealing with problems at hand and
avoiding long-term goals of the enterprise often seems earlier.
Recent Trends in Social entrepreneurship
• Social media: Plays a major role in the funding of the social
entrepreneurial ventures. Entrepreneurs now have supreme access to
funds and capital for their ventures due to an increases in the
connectivity all over the world.
• Crowdfunding: is a practice of collecting and raising money using the
internet. The project or entrepreneurial idea is posted on several
websites by the entrepreneur so that potential investors for the
campaign can be found.
Recent Trends in Social entrepreneurship
• Impact Investing: It covers a wide range of investment strategies
seeking high profits and returns which are then used for the welfare
of the environment and society.
• Venture Philanthropy: is a broader term that originated in the 1990s.
The concept of philanthropy when applied to venture capital model
gives rise to venture philanthropy.
• Hybrid Models: The combination of both profit making and non-profit
making business models gives rise to hybrid models.
Entrepreneurial Community
• Entrepreneurial Community are forward thinking, innovative and
locally based partnerships. Entrepreneurial Communities come
together in community based partnerships to generate effective and
sustainable employment by developing their human capital.
Purposes Entrepreneurial Communities
• They play to their existing strengths and plan for the future.
• Entrepreneurial Communities coordinate and cooperate vertically and
have their voices heard and acted on resulting in positive policy
changes that empower and enable them to nurture their potential
and flourish.
• Active horizontal collaboration with partners from the public sector
employers and educations institutions is key for entrepreneurial
communities to enhance matching the supply and demand of skills
and stimulate community level job creation.
Growth of Entrepreneurial Communities
• Alleviation of poverty development agencies and multinational
organisations has been greatly involved in interventions in the
developing activities.
• It observed that the adopted approaches have often been
paternalistic, even if unintentionally, while ignoring the strength of
local institutions.
• Most of the poverty alleviation programs have degenerated into
charity rather than building the local and durable self-reliance.
Strategies for Growth Entrepreneurial
Communities
• Systems Approach: As an alternative to the approach just described,
one should use a systems approach to entrepreneurship. A systems
approach requires a very broad perspective of entrepreneurship
recognizing that multiple dimensions of a community contribute to an
entrepreneurs success.
• Infrastructure: In addition to this system perspective and
collaboration entrepreneurs require unique infrastructure relative to
more traditional recipients to economic development support. An
additional infrastructure required by small business owners is access
to appropriate business services.
THANK YOU