Pros And Cons Of Social Entrepreneurship

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 seen as a model or example of social entrepreneurship.

I’ve learned from this Book “Social Enterprise (An Introduction)” by Ken Stratford that sharing to your own community will help the community grow and by that means it will create humanity because helping people who are in need is caring because “sharing is caring” It will create a special bond to our brothers and sisters of the community and by that means we are getting more closer to God. And I learned that Social Enterprise is a way of giving back and sharing our blessing to others as I’ve said earlier. ‘Doing well by doing good’ makes us to have a fulfillment in life and at the same time having a purpose in life. Social Enterprise means that helping others to achieved their goals and as I read this book I learned that Social Enterprise has connection of “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a

The Schwab Foundation for Social Entrepreneurship is a not-for-profit, independent and neutral organization, founded in 1998, with the purpose to advance SocEnt and to foster social entrepreneurs as an important catalyst for societal innovation and progress (cf. Schwab Foundation, n.d., “About us”). The foundation identifies and selects social entrepreneurs to support them financially and provide them

Ebrashi (2013) narrated that social entrepreneurship was introduced in the 1970s to address the issue of social problems. Banks (1972) first mention The term “social entrepreneur” in his seminal work named The Sociology of Social Movement. (El Ebrashi, 2013). It was used to address social problems, as well as to address business challenges. Social entrepreneurship practices emerged in the 1980s with Ashoka being the first corporation to support social entrepreneurship. Social entrepreneurship is rooted in the social sector or the citizen sector, which centers on the creation of sustainable social change (Ebrashi, 2013).

What sort of brands come to mind when talking about popular restaurants, clothing chains, airline travel, grocery shopping locations, or online stores? Chances are Chipotle, The North Face, REI, Southwest Airlines, Trader Joe’s, Costco, and Amazon all find their way into the conversation. What makes these companies so successful, even though many of them seem to rely on selling high priced goods? The answer is Conscious Capitalism. Conscious Capitalism is the new social entrepreneurship strategy that combines purpose and profit together to produce businesses that serve customers, communities, employees, and shareholders. Conscious Capitalism centered businesses will outperform businesses of similar purpose and size that do not practice Conscious Capitalism, and accelerator curriculums that promote Conscious Capitalism will produce more successful companies. In addition, it makes sense and is advantageous to expand these ideals to second-tier economic cities in order to promote growth.

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 the outcomes created as a result of their actions (Dees, 1998).

Since I am really interested with the idea of social entrepreneurship, this book taught me the importance

Social impact investing, as defined by the Global Impact Investing Network (GIIN), are “investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return” (GIIN, 2017). In this sense, social impact investing differs from traditional entrepreneurship because it

Social Entrepreneurship is defined by Marcel N. Kwedi, the author of the book, with the new view of General Theory of Social Entrepreneurship. This theory states that social entrepreneurship is any business activity that uses strategies that are innovative and sustainable to construct and come up with new products which can fill up the unsatisfied needs of the society most especially the masses. But in the book in clearly states that Social Entrepreneurship is not about charity. It focuses on making the society a just one. It firmly confirms that a Social Enterprise can maximize profits at the same time maximizing the betterment of the society.

This is Skoll Foundation, which aims to promote the advancement of social entrepreneurship worldwide. The research and lessons from practice by the top social entrepreneurs and scholars have been compiled and it exemplifies the centre’s aim to produce work that both engages in theory and is also valuable to practitioners in the field. During this time, social entrepreneurship has been viewed to be an exciting and emergent set of models for the good change the world seeks. The problem here was it was often misunderstood and poorly defined that’s why it was weak and often viewed as a threat to a stable and established organizations. Three important themes emerged to better understand and explain social entrepreneurship. These are: the new start-ups and existing organizations going to scale, the mainstreaming organizations, and the organizations with changing research agendas. In the next discussion, the differences among these three are explained profoundly in the next

A social enterprise refers to a business organization that is motivated by the purpose of promoting social wellbeing (Park & Wilding, 2013, p. 237). Such an enterprise reinvests its profits in providing services that are beneficial to members of the society. Instead of depending on donations, social enterprises engage in business activities for the purpose of sustainably supporting socially and economically beneficial activities (Mswaka & Aluko, 2015, p. 58). Social enterprises seek to contribute towards positive change in the society through the introduction and implementation of innovative solutions to challenges or problems that affect a specific segment or population within the society (Brown & Knudsen, 2015, p. 182). In this paper, a social enterprise idea is presented with a goal of demonstrating that its positive contribution towards desired change in the society makes the business worthy investing in.

Social entrepreneurs often seem to be possessed by their ideas, committing their lives to changing the direction of their field. They are both visionaries and ultimate realists, concerned with the practical implementation of their vision above all

In general perception, responsible leadership can be easily found among social entrepreneurs due to the nature of their business goals, they tend to steer their organizations in a more ‘responsible’ direction over commercial leadership, whose business goal in profit may cloud the judgment of their business leaders, luring them to choose a more lucrative path over social responsibility. To further evaluate this stance, both entrepreneurship models will be analyzed against the 2 major aspects of Responsible Leadership paradigm.

Social entrepreneurship is a new term that has increased in usage over the last twenty years. I can remember being a child and hearing individual’s talk about becoming an entrepreneur nothing related to becoming a social entrepreneur. When conducting research on this topic I found two names that were a reoccurrence in who developed the term social entrepreneurship and they are Vinoba Bhave who founded India’s Land Gift Movement and the second being Robert Owen who founded cooperative movement, Florence Nightingale and founder of first nursing school. However, these business were founded before the term social entrepreneurship was developed. While conducting this research there were many organizations that fit the descriptions of a social

Through this book, Yunus shows how social business is applied in the current business setting. Yunus also explains how the social business model could redeem the failed promise of the free enterprise model.