Greg dee has given the definition of social entrepreneurship.
Journalist and author David Bornstein, while defining social entrepreneurship, says, “What business entrepreneurs are to the economy, social entrepreneurs are to social change.”
Bill Drayton is the father of social entrepreneurship.
Studies show that the term social entrepreneur was first mentioned by Joseph Banks in his seminal work, The Sociology of Social Movements, which was published in 1972.
Notable modern social entrepreneurs
|Name||Country||Social venture founded|
|Bill Gates||United States||Bill & Melinda Gates Foundation|
|Abraham George||India||The George Foundation|
|Scott Gilmore||Canada||Building Markets|
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs.
Some contemporary well-known and lesser-known social entrepreneurs include:
- TOMS: When the company was founded, it applied its “one for one” concept to shoes. …
- Grameen Bank: Founder Muhammad Yunus provides micro-loans to those in need to help them develop financial self-sufficiency.
For instance, when Bill Gates (who is one of the richest persons in the world) initiates philanthropic activities through his charitable foundation ‘The Gates Foundation’ such acts are claimed as social entrepreneurial because Bill Gates is also a social entrepreneur.
Mother Teresa, the Indian Saint from Albania, cared for the sick & dedicated her life to the service of the poor. Teresa fits into the category of the ‘social entrepreneur’ – those who explore ideas or enterprises that solve societal problems. …
What is Bill Drayton known for?
Bill Drayton is a social entrepreneur with a long record of founding organizations and public service. As a student, he founded organizations ranging from Yale Legislative Services to Harvard’s Ashoka Table, an inter-disciplinary weekly forum in the social sciences.
Social entrepreneurship didn’t evolve overnight. Its origins can be traced to the early 1980s, starting with a business trend called cause-related marketing. … Savvy companies have now learned to market with a social cause closely aligned with its business offerings.
Types of social entrepreneurs
- The Community Social Entrepreneur.
- The Non-Profit Social Entrepreneur.
- The Transformational Social Entrepreneur.
- The Global Social Entrepreneur.
Mission- The essential purpose of social entrepreneurship is creating social value for the greater public good whereas commercial entrepreneurship targets at creating profitable operations resulting in private gain.
social entrepreneurship. a process by which citizens build or transform institutions to advance solutions to social problems, such as poverty, health, illiteracy, inequality, environmental destruction, human rights abuses and corruption, in order to make life better for many. SUSTAINABLE; create independence.
He decided to contribute not just his earnings but also his skills to public welfare. His venture, TeamUK, has provided jobs, basic amenities and a lot more, to about 8000 families throughout Bihar. He is invited to a number of social welfare events across the country, some of those organised by the governments too.
7 Elements of a Successful Social Enterprise
- Sustainable. The goal of every enterprise is to become self-sustaining. …
- Socially Inclusive. Social enterprises are attractive in modern society because they strive for inclusion in the workplace. …
- Diversifiable. …
- Professional. …
- Easily Replicated. …
- Value Addition. …