ENTREPRENEURSHIP

MANAGEMENT
Social Entrepreneurship

What is Social Entrepreneurship?

Social entrepreneurs are individuals with innovative solutions to
societys most pressing social problems. A social entrepreneur
recognizes a social problem and uses entrepreneurial principles to
organize, create and manage a venture to achieve social change.
While a business entrepreneur typically measures performance in
profit and return, a social entrepreneur focuses on creating social
capital.
Thus, the main aim of social entrepreneurship is to further social and
environmental goals.
However, social entrepreneurs are most commonly associated with
the voluntary and not-for-profit sectors, but this need not preclude
making a profit.
Social entrepreneurship practiced with a world view or international
context is called international social entrepreneurship.

We believe that social entrepreneurs are those

exceptional
individuals who dream up and take responsibility for
an innovative and untested idea for positive social
change, and usher that idea from dream to reality.
What enables social entrepreneurs to make lasting
impact on the most difficult problems is a special
combination of groundbreaking creativity and
steadfast execution.
Although the terms are relatively new, social
entrepreneurs and
social entrepreneurship can be found throughout
history.

Social Entrepreneurship
Social entrepreneurs are not content just to give fish or teach
how to fish. They will not rest untill they have revolutionize the
fishing industry.

They help communities to build up social capital which gives

them a better chance of standing on their own two feet.

They help bringing about social change on a major scale.

They are agents of social change. Questioning the status quo,

grabbing new yet overlooked opportunities, not for personal
gain but for social gain.

They, in a way, change the world for better.

Making up for shortcomings of Govt. and bureaucracy.

Identify under utilised resources/ Social problems.

Social Entrepreneurship

They generally create flat and flexible organisations, with a core

of full-time paid staff, who work with few resources but a
culture of creativity.

Their organisations have an open and porous approach to their

environment. They do not see themselves as providing their
clients with a specific service; their aim is to form long-term
relationships with their users that develop over time.

While business entrepreneurs aim to generate profits, social

entrepreneurs aim to improve social values. They aim to make
broad-based, long term changes, instead of few immediate
small-time results.

They recognize when a section of the society is stuck and offer

innovative ways to break out of its stagnant state.

They propagate the solution and persuade the whole society to

adopt it.

Creating Providers from Takers

Characteristics of Social Entrepreneur

Burning Desire / Passion

Selfless approach

Goal orientation

Commitment

Achievement motivation (N-Ach factor)

Creativity & Innovation

Dynamism

Leadership

Team building

Problem solving

Risk taking & Decision making

IMPORTANCE:
Social entrepreneurship sector is increasingly important for
economic and social development because it creates social and
economic values:
1.Employment Development
The first major economic value that social entrepreneurship
creates is the most obvious one because it is shared with
entrepreneurs and businesses alike: job and employment creation.
Estimates ranges from one to seven percent of people employed in
the social entrepreneurship sector. Secondly, social enterprises
provide employment opportunities and job training to segments of
society at an employment disadvantage (long-term unemployed,
disabled, homeless, at-risk youth and gender-discriminated
women). In the case of Grameen, the economic situation of six
million disadvantaged women micro-entrepreneurs were
improved. A similar SHG movement is helping disadvantaged
women in rural in India.

2. Innovation/ New Goods and Services

Social enterprises 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 ill-health, illiteracy, crime and
drug abuse which, importantly, is confronted in innovative
ways. An example showing that these new approaches in some
cases are transferable to the public sector is the Brazilian social
entrepreneur Veronica Khosa, who developed a home-based
care model for AIDS patients which later changed government
health policy.

3. Social Capital
Next to economic capital one of the most important values
created by social entrepreneurship is social capital (usually
understood as the resources which are linked to possession of
a durable network of ... relationships of mutual acquaintance
and recognition"). Examples are the success of the German and
Japanese economies, which have their roots in long-term
relationships and the ethics of cooperation, in both essential
innovation and industrial development. The World Bank also
sees social capital as critical for poverty alleviation and
sustainable human and economic development. Investments in
social capital can start a virtuous cycle shown below:

4. Equity Promotion : Social entrepreneurship fosters a more

equitable society by addressing social issues and try into achieve
ongoing sustainable impact through their social mission rather
than purely profit-maximization. In Yunuss example, the
Grameen Bank supports disadvantaged women. 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 resulting in income generation.
To sum up, social enterprises should be seen as a positive force, as
change agents providing leading-edge innovation to unmet social
needs. Social entrepreneurship is not a panacea because it works
within the overall social and economic framework, but as it starts
at the grassroots level it is often overlooked and deserves much
more attention from academic theorists as well as policy makers.
This is especially important in developing countries and welfare
states facing increasing financial stress.

a) In context of India, the name of Vinoba Bhave tops the list of

social entrepreneurs. He was the Founder and leader of the Land
Gift
Movement, or the Bhoomi Dhan Movement by which he caused
the redistribution of more than 7,000,000 acres of land to aid India's
untouchables and landless.
b) Florence Nightingale of the U.K. is also recognised as a social
entrepreneur for her invaluable contribution in improving the health
care facilities. In fact she was the founder of the first nursing school
and the developer of modern nursing practices
c) Muhammad Yunus, founder and manager of Grameen Bank,
is also an eminent social entrepreneur from our neighbouring
country of Bangladesh who by his untiring efforts has brought about
a positive change in the lives of the poor oppressed women groups.

d) Another name that deserves special mention here is that of

Jay Vikas Sutaria who through his website Bhook.com is trying to
fight the hunger problem of India.
Social entrepreneurship is the work of a social entrepreneur. A
social entrepreneur recognizes a social problem and uses his
entrepreneurial principles and skills to organize, create and
manage a venture to achieve social change.
To be an social entrepreneur one in addition to possessing qualities
of creativity and determination, must possess the essential quality
of empathy, as only when a person is empathic to the needs of the
society, can he be expected to try and change that situation.

Corporate Social Responsibility

CSR
makes
Business Sense

The earth has enough resources to meet the needs of people

but will never have enough to serve their greed.
Mahatma Gandhi
Triple Bottom Line Concept
Corporate Behaviour
CSR as Core value of the Business

Corp Social Responsibility

Natural Resources for Business

Core Competency of Business

Key Communities

Corp Social Responsibility

CSR Makes Business Sense
Corporate Social Responsibility (CSR) is a business strategy that works. In
a world where brand value and reputation are increasingly seen as a
companys most valuable assets, CSR can build the loyalty and trust that
ensure a bright sustainable future. In our complex, global society,
corporations are becoming increasingly visible. They are not judged on
their results but on their behavior too, and this can be an opportunity. By
integrating CSR into your business as core value, you are not only making
a significant contribution to a better society, but just as importantly you are
recognized for doing so. And this has obvious benefits for the company.

Corp Social Responsibility

If one is to be successful in 21st century, one must simultaneously excel
in all three elements of sustainable development: Economic Prosperity,
CSR and Environmental Stewardship. The right way to approach social
responsibility is not in rules and regulations but in a high level ethical code
that could be built into an organizations value system.
CSR is an approach that helps us to get away from the old idea that
economic, social and environmental goals are always and invariably in
conflict. What we need to work out is how progress on any one of those
fronts can support progress on the others.

Corp Social Responsibility

We want to see business, the voluntary sector, and public bodies all
working together, not doing so grudgingly, but because each sees it as
advancing its own key interests to do so, as well as advancing the interests
of others.

Benefits of CSR are :

1.
Enhanced Brand Image and Reputation
2.
Increased Trust and Customer Loyalty
3.
Sustainable Development

The Millennium Development Goals

as defined by UN
Eradicate extreme poverty and hunger
Achieve universal primary education
Promote gender equality and empower women
Reduce child mortality
Improve maternal health
Combat HIV/AIDS, malaria and other diseases
Ensure environmental sustainability
Develop a global partnership for development
Stop Child Labour

Major Thrust Areas

Address extreme economic backwardness
Healthcare
Education
Income Generation and Livelihood
Environment
Infrastructure
Issues impacting masses

Thank You