Social And Institutional Barriers Of Social Entrepreneurship

As Mycoskie revolutionized the social entrepreneurship by introducing his “One for One Movement”, he must pay attention to the new competitor coming on the market, having copy his movement.

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.

Social entrepreneurship which has been applied in so many different ways by so many different analysts that it’s depth of vast complexity is still being unraveled and it seems it is still in infancy. It is a multi-interpretable concept and although the use of the term is widespread its use is either overrated or misused. Hence, it is important to firstly understand what social entrepreneurship really is.

Michelle Ellena, MA in Social Entrepreneurship and Change, Graduate School of Education and Psychology, Pepperdine University. Correspondence concerning this article should be addressed to Michelle Ellena at mellena@pepperdine.edu

A) A real entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that “entrepreneurship is becoming an important agent in the growth and wellbeing of the society”.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognize and resolves social problems on a large scale. To create social value entrepreneurs act as a change agent for the society like designing and distributing new approaches. Entrepreneur react very quickly and effectively to the change so that they can take the advantage of opportunities. If they can’t capable of quick action it will be result on their process and success. Social entrepreneurs are stepping to solve the problems.

By engaging with social causes in a variety of ways, a corporation can learn about new territories, product applications, cultures, and markets. Many companies seek to empower the poorest sector of the population, both at home and

Being in an entrepreneurship major student, we are not only shaped to be a successful entrepreneur, but also a world changer. Through the Aaravind case, I learn about social business. As an entrepreneur, profit is important and it is what we must seek. However, it is more important to gain profit and making a change for the world. In the aaravind case study, Dr. V. defines the meaning of a true innovative leader with a clear passionate vision, with an unwavering dedication and devotion to serve humanity. His goal is to expand Aravind Eye hospital to all parts of India, Asia, Africa and rest of the world so that quality and free eye services can be provided to the poor and needy people who have curable blindness but can’t afford to pay for their treatment. He is a man who stands behind his ideals and practices what he preaches, and expects the best from around him. Through reading this case I was stoked to know that someone would be willing to do the things that he did. This really motivates me to be a social entrepreneur, that not only seeking for profit, but

Social enterprises can take the ideal of social responsibility intertwining with revenue too far. Businesses that supposedly show profit by hiring the disadvantaged can be based on an unsupportable claim that social enterprises help government (Jones & Donmoyer, 2015). For instance, the founder of Grameen Bank, Muhammad Yunus, claimed that his business is new type of business that focuses on serving impoverished individuals and sustaining itself through earned revenue (Jones & Donmoyer, 2015). He failed to mention or acknowledge the importance of how Grameen Bank was initially capitalized with the support of philanthropy (Jones & Donmoyer, 2015). This sends the wrong message to donors that investing in a for-profit organization is just as good or even better than

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

Social enterprises run day to day operations just like a for profit business, but instead of dispersing all of the profits between shareholders and owners, the profits are sunk back into the company or the charity that they are supporting. Like any other business, social enterprises sell or offer goods and services at a price, and they are designed to help the community, a certain culture, and the environment. Similar to for profit businesses, social enterprises are faced with constraints and are required to overcome them in order to become successful. Some of these constraints include: Funding difficulties, and hardly any government support. Ways to overcome these constraints are to find stakeholders who understand your vision and what you are trying to do for the community, and get adequate funding. In order to get help from the government for funding purposes, then show the government people an understanding of your social enterprise, and how it is helping the

I have always admired to be a businessperson from my childhood. I used to tell people that I would become a business tycoon when I grow up. I lived with that dream and still trying my level best to get close to that desire. However, the type of businessperson I wanted to be, shaped into a social entrepreneur throughout these days. I am a very inquisitive and adventurous person who loves to enjoy travelling and exploring new things. This enthusiasm for freedom and independence motivates me to set up a venture of my own. The social entrepreneurship is the perfect fit that matches my interests and goals. The social entrepreneurship has a huge impact on the social, environmental and economical circumstances of any country.

social entrepreneurs in their efforts to start a successful venture. This book is for someone that wants to learn useful skills on how to run a social enterprise that generates profits and alleviates social problems. The book outlines the purpose of a social enterprise, which is to address a social problem and how to generate revenues. It seeks to help someone that is interested in taking this journey to understand how to create an enterprise that is self-sufficient and sustainable. There are goals included to help navigate through the process, how to develop the concept and how to deal with uncertainty. It’s the uncertainty of the idea that social entrepreneurs choose to tackle intractable social issues, sometimes they have to operate in or create a market that does not yet exist, and they work in environments that generate uncertainty and present challenges.

Acquiring and managing social capital is an essential element in the development of new businesses and to the success of both individual entrepreneurs and organizations (Gedajlovic, Honig, Moore, Payne, & Wright, 2013). Social capital helps new ventures to overcome the liability of newness by creating organizational legitimacy. Legitimacy recognizes the presence of trust as customers, suppliers, and creditors enter into transactions with the new venture only after trust between and among the parties is created.

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.