The Social Entrepreneur 's Playbook, By Ian C. Macmillan And James D. Thompson

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.

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.

Provide examples of your ability to generate revenue from various sources, donors, grants, events and commercial payers. Explain your results on each and how this was accomplished.

I was impressed with the references to course readings and research included by the team evaluating PIC’s fundraising strategy. For example, the team cited and referenced that PIC utilizes the nonprofit models of “public provider and resource recycler,” and that retirees are “one of the likeliest groups to volunteer.” Additionally, when the team recommended fundraising training, they were thorough in specifying two options for receiving that training (Association of Baltimore Area Grantmakers and the Association of Fundraising Professionals).

We are dedicated to our local community and the well-being of children health world-wide, we want to make a difference in the lives of other. We partnered with the local chapter of the Ronald McDonald House and promised to donate 20% of our profits to their organization. Our staff will make a difference by volunteering once a month

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

The social venture to be created aims to help reduce recidivism rates within the Department of Juvenile Justice (DJJ) through the implementation of sports along with education and job readiness programs. The venture is based on the idea that if institutionalized juvenile delinquents were challenged and supported to enhance athletic abilities while developing job readiness skills and increasing educational attainment, more opportunities for success would be created for the young delinquents after incarceration and recidivism rates would decrease. This is that the social venture is unique by providing these individuals a backup plan if athletic careers do not surpass high school. It will help connect the juveniles with athletic programs and workplaces willing to accept their criminal

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

Economy: boost the social enterprise industry by being a role model business that successfully generates profits and at the same time tackles a social

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 book shares seven principles for starting a strong business that creates more than a profit but also creates change. Director of Student Engagement Morgan Somerville said, “I read the book and found it to be inspiring and motivating.”

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

The strategic planning group at Belle Meade Plantation has already made progress in the sustenance of the historic plantation through the creation of the Belle Meade Winery, but other programs could be instituted to further social transformation supported by the plantation. Social enterprise is an initiative that not only produces income, but it is an enterprise whose proceeds are invested to improve the community or stakeholder lifestyles and can also force social change (Ferrell, Thorne, & Ferrell, 2016). This type of enterprise is especially powerful because it brings attention to social deficits and consequently improves the state of those issues while bringing positive attention to the organization responsible for the venture (Ferrell,

Entrepreneurship is the process of designing, launching and running a new business while social entrepreneurs launch the business and implement solutions to social, cultural, or environmental issues simultaneously. Bill Drayton once said, “There is nothing more powerful than a new idea in the hands of a social entrepreneur.” In the world, there are billions of people have no access to education, healthcare, clean drinking water, food and even the basic human rights and respect. Violence, poverty and more global issues are at the alarm rate nowadays. These matters have to be tackled immediately before it is too late to do so. In our opinion, social entrepreneurship is the best way to help the needy and overcome the problem.

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 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