Social Entrepreneuship
15 important questions on Social Entrepreneuship
The entrepreneurial dimension of social entrepreneurship
- much in common with normal; business hero & skillful leader
- share normal paradigml unexpected opportunity & creative exploitation
- But, includes a priori (voorafgaand aan ervaring) social-moral motivation
Danger for social enterprise
Important writer Dees: social entrepreneur plays the role of change agent in social sector, by:
- adopting a mission to create and sustain social value
- recognize new opportunities to serve that mission
- engaging in a process of continuous innovation, adaption and learning
- acting boldly without being limited by resources
- exhibiting a heightened sense of accountability for the outcomes created
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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Drives of social entrepreneurship on demand side
- global crisis, like environment, health or poverty
- social market failures
Two social enterprises exist
- hybrid: integrates social & commercial objectives within its core activities
- mixed: has its social activity linked to its commercial, but maintains clear boundaries between each
Social dimensions within a venture
Operational context
- historicaly mainly healthcare, education and environment
- three estates of society; market, state and civul society
- private or public sector
- four quadrants emerge (figure samenvatting)
Drives of social entrepreneurship on supply side
- emergence of bigger middle class, combined with technological innovations
- so: more resources are available. more money, info, people with time
Social entrepreneurs have a different view on business growth
- Looking for social inpact istead of profit
- Both networkers, but social eploit this for a broader range
- urge to change is not for own benefit, but for benefit of stakeholdes
The social dimension of social entrepreneurship
- focus on social innovation, and the opportunity recognition of new social value creation
- add social impact throughout entire value chain
Social dimensions within a venture
Process of social venture
- focused on social innovation and opportunity recognition of new social value creation
- range of social missions adressed at different points in value chain
- good at identify under utilized resources, and find new ways to use them
Three organizational models for social enterprise
- embedded: mission centric social purpose enterprises
- integrated: mission related enterprises as profit centres for subsidizing social purpose of the venture
- complementary: unrelated to mission, leveraging tangible assets for income generation
Funding dimensions of social entrepreneurship
- voluntary activism (not for profit, grant funded)
- Social enterprise (fully self-funded)
Strategic focus of a social venture
- reclaim innovation for public good
- adress social market failures and identify opportunities for social value creation
- social mission and fulfilling it is the first strategic objective
The social dimension is analyzed by looking at three operational dimensions within a venture
- operating context (social or welfare sector)
- process of social venture (engaging key stakeholder in operations)
- outcomes and impacts (articulating its social mission)
Social dimensions within a venture
Outcomes and impacts
- mission is explicit and central
- mission related impact becomes central criterion, not wealth creation
- problem is how to measure the outcome, none is sufficient
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
