Understanding Social Entrepreneurship Flashcards
used of the techniques that start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues.
Social Entrepreneurship
It is the activity of stablishing new business ventures to achieve social change.
Social Entrepreneurship
Are not charities or welfare agencies.
Social Enterprises
are private business established by entrepreneurs with an emphasis on human values rather than just profit.
Social Enterprises
businesses focus on working with and enhancing the social capital within the community by encouraging participation, inclusion, and utilizing a bottom-up approach to achieve social change
Social Enterprises
Three Core Elements of Social Enterprise
*Created to provide benefits for a community.
*Creates opportunities so people can help themselves as well as others.
*Utilizes sound commercial business practices to ensure its sustainability
Founder of Cooperative Movement
Vinova Bhave
Founder of First nursinf school and developer of modern nursing practices
Florence Nightingale
What are the Focus Areas of Social Entrepreneurship? Give atleast 3
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, long-term, for both people and agriculture.
What are the Role and Importance of Social Entrepreneurship?
Employment Development
Innovation/New Goods and Services
Equity Promotion
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.
Employment Development
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 ill-health, illiteracy, crime and drug abuse which, importantly are confronted in innovative ways.
Innovation/New Goods and Services
- 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
Equity Promotion
is somebody who takes up a pressing social problem and meets it with an innovative or path breaking solutions.
Social Entrepreneur
Social Entrepreneur need to embrace?
-Create social value
-Recognize new
opportunities to serve
-Act boldly
-Engage in innovation, adaptation, and learning
-Exhibit accountability
Give the Qualities of Social Entrepreneurs
-Ambitious
-Mission driven
-Strategic
-Resourceful
-Result oriented
The internet social networking websites and social media have been resources for the success and collaboration of many social entrepreneurs.
Role of technology
Give me the examples that social entreprenuers use for collaborate on joint online projects?
Wiki models and Crowdsourcing
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
Give the Six habits of highly effective social entrepreneur
-Leverage Assets
- Establish Change Models
- Develop Solutions
- Think Long-term
- Practice Inclusion
- Measure Outcomes
What are the Institutes giving assistance to Social Enterprises
-Gawad Kalinga
-Rags2Riches
-Bambike (Hand made -bamboo bicycle)
-Habi footware
-Human Nature
-Bayani Brew
-Kape Maria
-Red Carpet
One of the primary functions of the social entrepreneur is to serve as a kind of social alchemist: to create new social compounds: to gather people ideas, experiences, skills and resources in configuration that society is not naturally a lined to produce.
Leverage Assets
They know solution does not lead automatically to out come, so you need establish and validate the change model (models) These are formulas whereas business find systematic ways to generate profit for social entrepreneurs to find systematic ways to create change.
Establish Chnage Models
Social and environmental problems may be what motivate social entrepreneurs but they don’t focus people on the “problem”. Instead, they engage others and create excitement around new solutions, usually in the form of a product or services.
Develop Solutions
Small change is easy. Big change is hard. To have meaningful impact on a problem, you need long term thinking. That means thinking, about how solutions can last, how venture can sustain and how outcomes can scale.
Think Long-term
To achieve that type of Impact you need understanding, empathy and collaboration. Social entrepreneurs succeed when they include others in the design, production, distribution and evaluation.
Practice Inclusion
Social entrepreneurs know exactly how their solutions benefits people or the environment and they measure their success by their impacts, not by their good intention.
Meausures Outcomes
Characteristics of social Entrepreneur
-Not bound by sector norms or traditions
-Not confined by barriers that stand in the way of their goals
-Develop new models and pioneer new approaches to enable them to over come obstacle
-Take innovative approaches to solve social issues
-Transform communities to strategic partnership
Social Responsibility to Consumers
-The right to safety
-The right to be informed
-The right to choose
-The right to be heard
This means products are safe for their intended use contain and complete instructions for their proper use, and have been tested by the manufacturers for quality and reliability
The right to safety
This refers to the availability of complete and correct information about the use of the products.
The right to be informed
It is the policy of the government to encourage competition among sellers or producers, so that consumers can choose the best products in the market.
The right to choose
Based on the concept “the customer is always right”
The right to be heard
Others Social Responsibilty
-Employment
Educationl and training
- Community development
Business enterprises should adopt the policy of “equal opportunity employment”.
Employment
Business organizations particularly the big and successful ones, should contribute their resources to the education and training of the poor and disabled persons in the community.
Education and training
The organization is very much a part of a community. Community development includes health and sanitation, livelihood projects and cultural and sports development.
Community development
Ethics is the study of right or wrong. It is a moral choice by an individual. In business, it is application of moral standards on business decisions and actions.
Business ethics
involves relationships with employees, investors, customers, creditors and competitors.
Business ehtics
Arguments for Social Responsibility :
- Business cannot and should not ignore social problems because it is part of society.
- Business has resources like financial, technical and managerial that are required for solving problems.
- Business can earn more profits in the long run by helping eliminate or reduce social problems.
- Business can expect less government intervention if it performs its social responsibility.
Arguments against Social Responsibility :
1.Business managers are primarily responsible to stockholders, Thus, their job is to earn profit for their investors.
- The resources of enterprise – time, money and talent – should be used to minimize profit, not to solve the problems of society.
- The effects of the social problems on the society is very general. Business should not be expected to solve such problems.
- Social problems are the responsibility of the government officials. They were elected basically to solve social problems. This is their fundamental responsibility to the voters.
