Book Report:
Social Entrepreneurship: What Everyone Needs to Know by David Bornstein and Susan Davis
Introduction
Social Entrepreneurship has been in our economy since historic times. They may not have been recognized properly with that term, social entrepreneurship, but what some other people from historical times had done can be considered as an action that pursue to solve social problems. Social Entrepreneurship had already been defined in several books, however, in the book, Social Entrepreneurship: What Everyone Needs to Know, social entrepreneurship had not only been defined but had also discussed the very origin of not just the term itself but as well as the actions that some people from historical times had done that can now be
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This existence introduce changed in our society. This is one of the most important reasons that our society attained change especially when comparing our society from the historical/ renaissance time in our modern time today. Social entrepreneurs are one of the significant people that help, support and strived to fight against the injustices that they know that are happening around the world. They’re the one who not just identify the social problems and but also turned it into an opportunity. In addition, social entrepreneurs may turned the social problems into opportunities but it is not just for their own growth but also for the growth of the society as a whole. It is part of a social entrepreneurs characteristic to think of ideas that can help the society and how to be able to maximized its social impact rather than how much profit they can generate. This is also the difference between a business entrepreneurship and a social …show more content…
Muhammad Yunus is a professor in economics who had already completed his PhD. He established the Grameen Bank, also called “the Village Bank”, a for-profit, anti-poverty bank that have women villagers as the majority of its shareholder, and became one of the most famous pioneers of social entrepreneurship. In having women as majority of it’s shareholder, this can also show that Muhammad Yunus is fighting against the discrimination of the inferiority of women as well. In the book, the difference and changed of establishing the Grameen Bank had been clearly and more understandably discussed. According from the book, Grameen Bank only hired local people instead of hiring foreigners. Also, their hiring process of staff members is strictly fair by not prioritizing or giving importance to family or friends but instead keeping it completely competitive. The very company of Grameen Bank is also fair because they make sure to never accept any form of bribery even from aid donors that wanted their projects to be prioritized. Grameen Bank is solely focused on efficiency and results. Every actions or projects the company does, they make sure to properly have an inventory and being strict in measuring and counting everything, may they be the loan granted and repaid, or every child they had helped educate,
Social finance is seen as an approach aimed as mobilizing private capital in order to ensure the delivery of economic returns and social dividends to attain environmental and social goals (2). It also creates many opportunities for various investors to finance certain projects to benefit community and society organizations to access other sources of funds. The description of the policy issue, as social finance, is conveyed by the implementers who involve mainly political leaders, interest groups, state legislatures, congress, and government bureaucracies. The problem from the policy is defined based on the economic situation of the society before its introduction and implementation. Social finance, as an initiative, is a form of a business with the aim of bettering society economically and having a positive social impact such as creating new job opportunities and funding business development programs. Since 2004, over $67.7 million has been invested in over 7300 businesses and community development projects (3). The description of the problem also involves understanding of the situation in the absence of the initiative. The policy, as a problem,...
Banker to the Poor, the autobiography of Muhammad Yunus, explains the journey of a man out to battle poverty. The story highlights the Grameen bank program, which was founded in Bangladesh by Yunus. The program was formed to provide small loans to the poor to help them get out of debt and achieve a sustainable life. Yunus helped the poor help themselves through micro-lending or small aid. It started with Yunus, twenty-seven dollars, and forty-two women. All forty-two of these women were in never-ending debt. This viscous cycle prevented them from living a full life. Yunus, aware of their reoccurring issues, handed them enough money to get out of debt which happened to be only twenty-seven dollars. The women put the money to good use and established businesses of their own. They could finally afford enough raw materials to get back on their feet and progress in life. This success led to the development of Yunus’ theories, and steered the path to the Grameen bank program.
Wronka, M. (2013). Analyzing the Success of Social Enterprises - Critical Success Factors Perspective. In Active Citizenship by Management. Zadar,
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
They are giving ideas on how social entrepreneurs can be different from businessmen. Social entrepreneurs are focusing on solving social problems in the world. Social entrepreneurs can also be called humanitarians because they envision a better world for the people in need and they promote human welfare. They feel empathy towards the people who need help and they would just want to help them make their live better. Establishing a social enterprise does not always mean that the organization would already go international just because the entrepreneur wants to have a better world. The enterprise does not need to be globalized immediately. Daniel Lavin developed five keys to determine if the products of the enterprise are being benefitted locally. The keys are: (1) Local shows if the materials to be used in making the products could easily be seen in the community itself and if the methods to be used can be easily done by the people. (2) Ownership having irresponsible management and ownership can result to failure in practicality, profitability and accountability. (3) Repeatability is important because the partner community should be able to do the products themselves repeatedly having the constant quality of the products. If the enterprise would be successful, the other communities should not be able to duplicate the (4) Profitability should be sustained even if the investors
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.
Drawing on your knowledge of social innovation and organizational form, compare and contrast two organizational forms (e.g association and social movement; company limited by guarantee and coop; hybrid and some ‘pure’ form. Critically evaluate them with regard to their enabling or constraining impact on social innovation. Draw liberally on the relevant literature and illustrate with examples.
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.
Entrepreneurship for social change: Is the U.S. doing enough to encourage and support sustainable social innovation?
In India, Number of people wants to be social entrepreneur. They want to be part of endeavor to make the world a cleaner, more-equitable, healthier, and better-educated place. This is possible by approaching social change with business rigor and analytical tools. Social entrepreneurs can play the role of change agents in the social sector.
The objective of this essay is to illustrate and highlight the role of social entrepreneurship in regards to an actual social enterprise, as well as to make an analysis of the business model applied by the social enterprise. Since the 1990s, the notions of “social enterprise” and “social entrepreneurship” are increasingly gaining more recognition as they indoctrinate new dynamics within the third sectors which include non-profit sectors, voluntary sectors and the social economy, where innovative solutions are created with a social view in mind to respond to problems unresolved by private organizations and public providers (Defourny and Kim, 2011) with a market orientation similar to other conventional enterprises. One social enterprise has
Globally, it is felt that entrepreneurship emerged as a progressive and developmental idea for the world of business, Scott (1986). Hence it is in the consideration that entrepreneurship is the vital ingredient not for the current era of globalization only, but also for the future potential performers for creating diverse opportunities, Mita (2002). Entrepreneurs are identified as creator, innovator
The entrepreneur is defined differently across many platforms they all share some commonality (Davison, 2008). This commonality consists of certain traits such as risk taking, innovative thinking, and an opportunity-seeking mindset to create, improve or expand a business (Davison, 2008). The entrepreneur functions as a promoter to the generation of wealth (Davison, 2008). The entrepreneur is important for the movement of the market and constant challenge to the status quo, indirectly improving all related business involved.
Since 2014, Ashoka Switzerland cooperates with the Swiss Agency for Development and Cooperation (SDC) and organizations Hystra and New Ventures in order to identify, promote and support social entrepreneurs in Central and Latin America from access to finance to support in scaling up and replication of their ideas (Ashoka Switzerland, 2017). This program included 72 social entrepreneurs (Ashoka Switzerland, 2017). The plan of the organization is to replicate this project in Africa.
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. Rather than leaving societal needs to the government or business sectors, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions. ust as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.