Introduction:
The emerging field of social entrepreneurship calls for a need for new integrated theories to contribute to the discipline and help grow the field. Social Entrepreneurship has been a topic of academic interest for the past few decades; however there has been little scholarly output in mainstream journals (Short, Moss, & Lumpkin 2009).Social entrepreneurship is commonly defined as “entrepreneurial activity with an embedded social purpose” (Austin et al. 2006). Social entrepreneurs play a role of change agents in society by adopting missions to create and sustain social value. They recognize and pursue new opportunities to serve the particular mission at hand. Social entrepreneurs engage in a process of continuous innovation, adaption and learning. With these components, social entrepreneurs are able to act without being limited by current resources. They are accountable to the constituencies served and for outcomes created as a result of their actions (Dees, 1998).
Although social entrepreneurs usually start rather small their initiatives often have global relevance, issues such as unemployment, incarceration, disease, small business creation, access to clean water, renewable energy, waste management etc. These issues and needs usually arise within a disenfranchised sector of society, and they are the drivers of social entrepreneurship.The desires or needs of the disadvantage segment of society are defined in the literature as positive externalities. Positive externalities are situations whenthe potential for value capture is lower than the potential for value creation because the benefits of society outweigh the benefits that could possibly be accrued by the organization or entrepreneur (Santos, 2012). S...
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...hip, Journal of Business Ethics: Volume 111, Issue 3, Pages 335-351.
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Social entrepreneurship rests on a sound business strategy as Belle Meade operates similarly to a for-profit organization. Resurrecting wine production and sales provided self-sufficiency and revenue
There are slow adoption rates for internal corporate social networks for many reasons. Although management and organization plays a role, the technology factor is the main reasons why employees are refusing to use these internal networks. With the rate at which technology is becoming more and more advanced, social networking systems are constantly updating their software and user interface (Laudon & Laudon, 2013). This mean that employees who are used to traditional forms of networking such as email, have to take the time to learn new systems and keep up with more social networking than they would like. In the eyes of the employee, using traditional forms of networking is simply more efficient. In order to make these internal social networking programs work, companies need to make more user friendly and easily manageable sites (Altman, 2015). Management also plays a part in the slow adoption rates. Managers need to provide more incentive for employees to use these networks aside from basic social interaction. For example, instead of sending memo’s via email, or other traditional forms of communication, slowly veer employees to seek memos on the company’s social networking site. Making strides like this will give employees more incentive to at least use the sites more often and participate in discussions and posts related to the business. This will allow employees to explore the sites and discover other useful features that might help improve productivity within the office. Organization of the sites could also be greatly approved. Many companies try to mimic other popular social networking sites, this however, may not be a viable solution. Instead, IT personnel should format th...
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After reading the first two chapters of Building Social Business, I was moved. I was inspired. Yunus opened my eyes to another side of business, which in his words was selfless. And indeed it was selfless. Social business is truly selfless because it focuses on helping others and earning profit comes second. By reading this book and reflecting, I realized it is better to be part of the solution rather than be part of the problem. By looking at my community, at my environment, and at my experiences in life, there are problems that will need solutions and I firmly believe that having a social business is the solution. By my observation, slow public utilities, expensive medicine, and empowering marginalized sectors are problems that can be solved by putting up social businesses. By combining entrepreneurial mindset and experience, social awareness, and creativity, the ideal social business can be done. But what makes a social business truly a social business is the
Government support for social economy entities is recognized in European Union, Brazil and Argentina. While in countries of Africa and Asia support is built by the citizens forums and networks on sustainable development and by United Nations agencies. Among policy themes on social enterprises are: improving access to financial resources; research for increasing understanding and visibility; capacity building; ac¬cess to public procurement.
Around me, I find problems, every time my eye blinks. I extract the solution with observations and with innovation. Ever since a child of the mere age of 6, I found myself observing people and environments. Trying to figure out why people were displeased or happy. My entrepreneurial passion had resided within me and I had not discovered them until my last year of high school, when I was introduced to social entrepreneur and founder of microfinance, Muhammad Yunus. It was then, that I realized how much of an impact innovation and entrepreneurship has on the world. His role as a social entrepreneur gave me a role model to look up to. My deep passion for cultures, languages and global citizenship were the
Seelos, Christian and Johanna Mair (2012). “What Determines the Capacity for Continuous Innovation in Social Sector Organizations?” Stanford Center on Philanthropy and Civil Society
The author of this book, David Bornstein is a journalist and a writer whose numerous works and specialties have revolved around the theme of social innovation. In his book, “How to Change the World: Social Entrepreneurs and the Power of New”,, Bornstein address two major social themes or hypothesis one of them being the notion that social entrepreneurs profoundly impact the society in their role or services of corrective function. Secondly, Bornstein argues that the presence of social entrepreneurs in the world today is on the rise, and so is their impact on society. He talks about how one single person can change the world.
It came as a shock to many when, within two weeks of my arrival at the University of Maryland, I completely pivoted away from a career in the biological sciences and transferred into the school of Public Policy. Although it was difficult to admit, I had always recognized that, unlike my siblings and parents, I had little desire to become a doctor or scientific researcher; rather, I aspired to utilize my creative abilities and empathetic nature to aid those suffering around me. I realized that the most successful way for me to enact this positive change was to combine public policy and business management in an joint academic pathway that would both teach me about influential work in the nonprofit sector and provide me with a concrete framework for initiating my own social entrepreneurial endeavors.
Entrepreneurship for social change: Is the U.S. doing enough to encourage and support sustainable social innovation?
From an idealistic point of view, ecopreneurs aim to construct business ideas that both solve social and environmental challenges, and realize market success (cf. Schaltegger in: Gibbs 2006, 72). In other words, ecopreneurs are “those business innovators who have a green business orientation and take on a business model that reflects the embeddedness of environmental and social justice” (Affolderback and Krueger 2016, 2). Often, ecopreneurs start with an ideal about sustainability and create wider social and economic influence through entrepreneurship. Therefore, while humane forms of entrepreneurialism start from a capitalist ideology and add “green” marks, ecopreneurs start from a sustainability ideology and add entrepreneurial marks to generate wider impact. As a result, idealistic values about sustainability are often transformed into entrepreneurial values. This form of entrepreneurship can create new forms of
I would begin by offering solutions in my field before reaching out to problems outside my proverbial ‘box’. I am working on developing an online lab management platform. Initially it would be offered as an app enabling researchers to manage lab inventory and consolidate ordering. Gradually, the platform will transition into a cloud-based service with new bioinformatics tools to make record keeping, analyzing and sharing of the data more streamlined. Once I have sharpened my skills and built a multi-disciplinary network through these experiences, my social venture will begin - a company that would aim to improve the living conditions of suburban-rural areas surrounding my city Kolkata, India. In the beginning, the company would focus on agricultural development by creating end-to-end recycling systems collecting reusable water for agriculture and on environmental sustainability by providing an economic incentive to individuals to recycle reusable materials and offering cheaper recycled goods to local establishments. If successful, the company would venture into developing solutions for other social problems by implementing a similar philosophy of integrating social and commercial
Fourth, social entrepreneurs are a type of innovators who focus on creating products and services that solve the social need and problems. Some social enterprise have a goal to make the world a better place.They could be non-profit or hybrid (Blank, 2011). The definition of the social entrepreneur is debatable. Some authors argued social entrepreneurs could make a profit and increase their profit, but the characters of the products should have a social intention, such as green products. On the other hand, some development institution argued the social entrepreneurs should not profit oriented. Moreover, in 2015, ACUMEN reported there was 112 non-profit enterprise that owned by female out of 821 female enterprises data sample.
Social entrepreneurs drive social innovation and transformation in various fields including education, health, environment and enterprise development. They pursue poverty alleviation goals with entrepreneurial zeal, business methods and the courage to innovate and overcome traditional practices. A social entrepreneur, similar to a business entrepreneur, builds strong and sustainable organizations, which are either set up as not-for-profits or companies.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.