The Schwab Foundation For 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.

"Better World Books" is a good example of a successful social entrepreneurship venture. Founded by X.Helgessen, C.Fuchs, and J.Kurtzman, its mission is to maximize the value of every book out there and to help promote literacy around the world. It attributes its success to using "triple bottom line" model, caring about profits, and the social and environmental impact of everything they do.

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.

Dees was professor of the practice of social entrepreneurship, Rubenstein Senior Fellow in Social Entrepreneurship with Duke's Error! Hyperlink reference not valid. (I&E) and the founding faculty director of the Center for the Advancement of Social Entrepreneurship (CASE) at Duke's Fuqua School of Business. In 2007, the Aspen Institute and the international organization Ashoka presented him with their first lifetime achievement award in social entrepreneurship education.

Extreme poverty has a globally negative impact. 4Green funds seek venture philanthropy pioneers who understand that positive social impacts are as valuable as financial returns.

Social responsibility is a construct of appropriate ethical behaviors, where two or more individuals, and corporations strive to provide better outcomes for the benefit of society as a whole. With such a set of meticulous structured frameworks in mind, it is fundamental to achieve a harmonious balance between the ecosystem and the developing economy. However, social responsibility is not always first and foremost on the mind of big name corporate companies – such as General Mills Inc.

Adam Braun is a social entrepreneur who challenged the status quo and changed not only his life but the life of many others. Braun knew that there was more to him than just working for a firm and having a family, and thus he set off on a goal to enrich the minds of so many young people all over the world. Just by having a small idea, Braun changed his future and found his purpose in this world.

One of the most common challenges that my department faces within in the organization is the understating of what a social enterprise is. It is important to familiarize our employees on how a social enterprise supports Benevilla mission of cultivating caring communities. Benevilla is a human service organization that provides assistance to people in the community. Birt’s Bistro is defined as a social enterprise because it provides a gathering place for people in the community and creates revenue that in return goes back into the organization. There are many components that have contributed to our social impact for example our entertainment nights; community club lunch gatherings and meeting space for local businesses and charter schools directors.

2,3,4,12 Better World Books N/A David Murphy, CEO C32 3,7 2,6,10,12 Tesla Motors N/A C50 2,5 9,11,12 Tesla Motors C56 4,8 3,5,6,11 C72 2,7 C87 4 5 6 7 8 9 Better World Books: Social Entrepreneurship and the Triple Bottom Line* Tesla Motors and the U.S. Auto Industry: Case A* Tesla Motors and the U.S. Auto

The social entrepreneurial venture I have chosen from the Skoll Foundation’s website is Encore.org Encore.org is a social entrepreneurial venture that views our aging society as a solution which many view them as a problem. Encore utilizes those in midlife and beyond ages as a resource of talent with their accumulated skills, knowledge and experience to help with society's most urgent challenges.

Another viable source of capital able to support both high tech and social ventures at the moment of start-up, and even in later stages, are private and public grants (Atherton, 2012). Nevertheless, social businesses might experience some advantages in gathering grant capital. In fact, their social mission is a source of legitimacy (Mair and Martì, 2006; Dacin, Dacin and Matear, 2010; Teasdale, 2010) and it allows to obtain preferential terms from traditional grant makers such as philanthropic foundations, corporations and government agencies and attract new funding from individuals either through high net worth individuals and grass roots campaigns (Dees and Dolby, 1996; Dees, 1998). It follows one new hypothesis:

Social entrepreneurship is gaining such strong interest in nonprofit world because of the economic challenges that have plagued this sector with cuts in philanthropic and government funding. According to Nash (2010) not only are there cuts, there are many organizations vying for the limited funding. Studies support, the attitudes in capitalistic America, and the ease of nonprofits to embrace this concept; evidenced by their ability to sell their once free services, to meet the demands of the consumer. According to the IRS (2010) nonprofits have increased their selling power on unrelated business income, to the tune of 184% increase, in a sixteen-year time frame. This writer, believes these numbers are evidence which support this trend is

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.

The Solidarity Fund represents an example of social investment in that they screen the companies they invest in for positive social compliance including good working conditions, positive relations with local communities, and a commitment to

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.