Tony Fernandes

An innovator reject the legitimate means but accept the goals and comes out with the new means that can’t be accepted by the society. The examples for this are people who cheated on exam, and poor people who have so many kids (because they thought that the kids can

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.

In “Self-Reliance”, by Ralph Waldo Emerson, the audience can see a theme of a desire for an individualistic society. Ralph Emerson wrote: “Whoso would be a man, must be a nonconformist” (935). This statement is

Innovation will be the solution to many problems including who has the issue, the number of organizations who have it, and what is the value to them.

Further the author is not satisfied with just this view, he then highlights that such people also are ones that oppose default and do not accept status quo. The author having set up the entire proposition in chapter one goes on to elaborate his thoughts. These are neatly arranged in an interesting read that leads a reader to not only enjoy what is written but at times feel exhilarated, with the knowledge and wisdom shared in the book and some anecdotes that reaffirm faith in the goodness of innovation and innovative

This implies that Innovation means much more than just coming up with creative ideas; those ideas have to be put to work to create a benefit.

“Society,” Emerson wrote in his timeless treatise on self-reliance and what it really means to be a nonconformist, “is a joint-stock company, in which the members agree, for the better securing of his bread to each shareholder, to surrender the liberty and culture of the eater.” In such a groupthink society, Emerson cautioned, conformity is the most prized virtue, but whoever wishes to be a true person “must be a nonconformist.”

Apart from all the scholarly concepts presented, other practical interpretations of SocEnt are happening in the field. As suggested by Schiller (2013) , there are several prominent social sector organizations like the Schwab Foundation, the Ashoka network and the Skoll Foundation, which support and define social entrepreneurship (2013, p. 13).

Social entrepreneurship is the method used by startup corporations and other entrepreneurs to recognize the social problems and achieve a social change by employing entrepreneurial principles, processes and operations to create, fund and implements innovative ideas with the potential to solve social, cultural, or environmental problems. It is the process of focusing on the improvement of existing conditions. It is seeing an opportunity to remove social and institutional barriers while addressing the market failures connected to the provision of public goods and distributional equity.

It is observed that the phrase “Entrepreneurship” has been used in disparate meanings by scholars around the world. In academic definition, entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control(Stevenson & Jarillo). In venture capitalist, entrepreneurship is the art of turning an idea into a business(Fred Wilson). In a simple word, entrepreneurship is the process of designing a new business and start new businesses is the most obvious example of entrepreneurship. Most researchers would agree with a definition of entrepreneurship as an activity that involves the

Over the past several decades, entrepreneurship has attracted considerable attention of scholars from various disciplines. However, the majority of studies conducted on this emerging field have placed special emphasis on business entrepreneurship in which profit-oriented logic is dominant (e.g., Erikson, 2001; Dejardin, 2011; Campbell & Mitchell, 2012). On the other hand, social entrepreneurship, which focuses on fulfilling unmet socio-economic needs rather than individual profit seeking, has started to gain importance in recent years (e.g., Mair & Martí, 2006; Schorr, 2006; Nicholls, 2006; Dacin, Dacin, & Tracey; 2011). Surprisingly, the vast majority of research conducted on these two research streams has addressed business- and social entrepreneurship separately. This separation has led to a lack of studies on the contexts in which some entrepreneurs, who engage in both for-profit and non-profit entrepreneurial activities at the same time. Since these two entrepreneurial activities have their own characteristics and logics, I propose that they result in tensions and conflicts that the particular entrepreneur should try to manage. Following this proposition, this study takes a step toward filling the aforementioned void. Reviewing the extant literature on both business- and social entrepreneurship has led me to develop my research question as follows: How

New Zealand’s International Affairs department released a report conducted in 2013, with the intention of answering this very question, within the scope of New Zealand. This report states that social entrepreneurship can be defined as “exist(ing) in a hybrid space, where social or environmental goals and commercial objectives come together.”(p.2). The report acknowledges that this is a very small part of what defines social entrepreneurship, though for the purpose of their survey they narrowed it down to this simplistic concept.

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