Module 2 Social and Commercial Entrepreneurship Flashcards
Social Entrepreneurship とは何だ？
Activity of establishing new business ventures to achieve social change
Who are Social Entrepreneurs? (6)
- adopt missions to create and sustain social value
- recognise and pursue new opportunities
- are in process of continuous learning, adaptation and innovation
- have increased sense of accountability
- have solutions to society’s pressing social problems
- ambitious and persistent people who tackle major social issues and offer ideas for change
Social Entrepreneur Purpose
Not to generate profits for personal gain, but to identify social needs and redress them
Social Entrepreneurship Functions (5)
- create and maintain stable level of employment
- create jobs, provide support to vulnerable groups
- promote development of entrepreneurial skills
- create social innovation and change
- reduce poverty
Commercial Entrepreneurship とは何だ？
- exploiting opportunity in market for long time wealth and capital gain with a venture. establish and manage business for profit and growth
Social Entrepreneurship Drivers
- socio-economic, political and cultural context across the world
- proliferation of global crisis
- rise of global connectedness
- rise of new social media
- redefinition of the role of the state
- market failures in the profession of welfare services
- proliferation of non-prophets and civil society organisations increases mismatch btwn supply and demand to sustain social organisations
- civil society organisations become more entrepreneurial, diversify funding
Similarities Social Commercial (characteristices) (5)
- committed
- innovative
- driven
- passionate
- thrive under risk, reward is better
Social Entrepreneurs Characteristics (9)
一 motivation (passion to effect social change. motivated by factors like altruism, satisfaction, values and beliefs)
二 age and risk factors (financial risk deters middle-aged individuals, building careers and supporting families. young individuals more likely)
三 background and experience (many se’s have experience in social ventures, leave careers to make a difference by becoming se’s)
四 cultural and societal impact (cultural and societal contexts might stimulate se behaviour like ZA, problems like poverty, electricity, water, sanitation)
五 abilities ()
六 roles
七 networks and external relations
八 careers
九 venture growth and expansion
五 abilities
- courage to withstand social censure
- empathy
- perseverance
- ability to develop a vision that draws others
- ability to inspire confidence in others
- creativity
- commitment and diligence
- ability to identify and meet needs of community
六 roles
assume multiple roles eg. innovators, initiators, transformers, mentors, cause of financial limits
七 networks and external relations
important for se’s to form relationships, develop networks with constituancies and other se’s. develop support networks eg. family, friends, cope with emotional demands
八 Careers
can embark on career at any time, stay true to cause or move between causes
九 Venture Growth and Expansion
can only expand and develop new ventures based on needs of community
social and commercial comparison
commercial
- rely on market to assess ability
- strength is in individual talent, skills, knowledge
- no limit to venture scope
- end objective is profit
- profit is pocketed and distributed to stakeholders
- risk personal and investor’s assets
- in charge of own destiny
social
- assessed on degree of social value created
- strength lies in organisation’s collective wisdom and experience
- ventures and ideas based on organisation’s social mission
- profit helps achieve objective; social mission
- profit ploughed back into organisation
- risk organisation’s assets and image
- enable organisation to be sustainable in charge of own destiny
