Premium Essay

Social Entrepreneurship

In: Business and Management

Submitted By shraddhalanka89
Words 369
Pages 2
Why some of the private institutions and individuals are more successful in rural ventures than govt organisations?
India is predominantly an agriculture-based economy, with majority of its population still residing in villages. That would by itself mean that the opportunity and the market to tap into is huge. Another point to note is that when a rural venture is undertaken the main aim may not be profit alone. It is usually accompanied by upliftment and change for the good.
We shall first assess the main requirements for any rural venture to be successful and accordingly compare private and government approach. Rural ventures require a different skill set. * Motivation to work in an unstructured environment: Most rural oriented projects are not well organized and structured. It is imperative that anyone involved in this adapt to this set up. Since government is characterized by high degree of protocols and very little freedom, adaptability becomes difficult. Private on the other hand can modify protocols based on the environment and have a very high degree of flexibility. They can also use unconventional methods to obtain results. * Enthusiasm to work: All said and done, in the end for any rural venture to be successful, what is required is a very high degree of enthusiasm, and an urge to excel. Social work is usually characterized by long working hours, unclear goals, sensitivity towards culture, commitment to the goals. Most private ventures enter this field out of passion and hence have this in plenty. Government officials may or may not be passionate about this project, but have to work on it. This clearly translates into the results. * Need for micro-level approach: Most rural ventures are extremely people oriented and need a lot of work to be done on a micro level and at a small scale. To be able to reach such a small demographic is usually...

Similar Documents

Free Essay

Social Entrepreneurship

...Social Entrepreneurship can be explained as the act or submission of one or more persons with innovative resolutions to societies most pressing social issues. Social Entrepreneurship utilizes its resources and business surroundings to benefit the needs or wants of it social surroundings. One example that may play into social entrepreneurship is a company called “Thermpod”. A young girl, by the name of Jane Chen established this company, creating a sleeping bag-like device that warmed low-birth weight babies in hospitals and clinics. Chen’s invention not only saved lives of thousands of babies a year, but also put smiles on may faces. Another amazing social entrepreneur is Maggie Doyne, Founder of Kopila Valley Children’s Home and School. Doyne had a vision to help orphans from all over the country and provide them a home and education. Today, Kopila Valley homes and educates over 300 children from different countries such as Surkhet and Nepal. There are several services offered at Kopila Valley Children’s Home and School. For example, Kopila implemented the Safina Woman’s Association (SAWA) in Morogoro, Tanzania, which is dedicated to improving the well being of woman and children by promoting inclusive education. The Safina Woman’s Association works with their government agencies to influence policies, guidelines, and legislation concerning the wellbeing of woman and children. (Center for Education Innovations, 2014)). Doynes vision and mission goes far beyond...

Words: 807 - Pages: 4

Premium Essay

Social Entrepreneurship

...The nature and effect of innovation in the scope of social entrepreneurship Duvnäs, H., Stenholm, P., Brännback, M., & Carsrud, A. L. (2012). What are the outcomes of innovativeness within social entrepreneurship? The relationship between innovative orientation and social enterprise economic performance. Journal of Strategic Innovation and Sustainability, 8, 1, 68. Innovation and its influence in social entrepreneurship settings are examined. The study of social entrepreneurship is a recent area of inquiry while its practice has been around for some time. The authors acknowledge the existence of innovation in an average business entrepreneurial environment; however, the question of to what degree does innovation have and its effect in a less desirable circumstance as in a social entrepreneurial environment. In the social environment, innovation has caused increase attention to be placed in these settings. The increases are attributed to two indicators, economics a matter of supply and demand and competition for funding. The research examines the theoretical, social and performances as it relates to innovation and determines how these factors connect to other aspects of entrepreneurship. This study contains historical information and a rationale for the increased interest in social entrepreneurship. Duvnäs, Stenholm, Brännback, & Carsrud (2012) acknowledge the formal customs that are normally attributed to a business environment, however, it also provides a......

Words: 800 - Pages: 4

Premium Essay

Social Entrepreneurship

...SOCIAL ENTREPRENEURSHIP When I was a kid, I could have been what people would now call a social entrepreneur or socialpreneur. A lot of people would have fallen into this category. To help your school or church or youth group, you may have sold chocolate bars door-to-door. People bought them, even if they didn't like chocolate; because they knew the money would go to support a worthy cause. Both the seller and purchaser are examples of social consciousness in action. Now my own children, bring home their school fundraisers from school and we too buy the over priced products, not because they are great products, but because it supports their school, a good cause. Today's socially conscious entrepreneurs, socialpreneurs, are elevating that door-to-door fund raising spirit into full time business. Some of their businesses are created specifically to put unemployed, disadvantaged and underemployed individuals to work. Some sell merchandise designating disadvantaged groups as beneficiaries of their profits. Others market goods to supplement the budgets of existing social service programs. Entrepreneurs are innovative, highly-motivated, and critical thinkers. When these attributes are combined with the drive to solve social problems, a Social Entrepreneur is born. Social entrepreneurs are defined by Ashoka those who “act as the change agents for society, seizing opportunities others miss and improving systems, inventing new......

Words: 921 - Pages: 4

Premium Essay

Social Entrepreneurship

...What is social entrepreneurship? The animation is made to explain the concept of social entrepreneurship to the general public and raise awareness of the importance of this type of business.... Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems.This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. Conventional entrepreneurs typically measure performance in profit and return, but social entrepreneurs also take into account a positive return to society. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals is often associated with the voluntary sector. At times, profit also may be a consideration for certain companies or other social enterprises. There are continuing arguments over precisely who counts as a social entrepreneur. Thus far, there has been no consensus on the definition of social entrepreneurship, so many different sorts of fields and disciplines are associated with social entrepreneurship. Philanthropists, social activists, environmentalists, and other socially oriented practitioners are referred to as social entrepreneurs. For a clearer definition of what social entrepreneurship entails, it is necessary to set the function of social entrepreneurship apart from other socially oriented activities and identify the boundaries within which social entrepreneurs operate.[4] Some have advocated restricting the......

Words: 2381 - Pages: 10

Free Essay

Social Entrepreneurship

...Brief Profile Youth School for Social Entrepreneur (YSSE) Introduction Youth School for Social Entrepreneur (YSSE) is a non-profit organization dedicated for the Youth Development through large-scale job creation and entrepreneurship development. Youth School for Social Entrepreneur (YSSE) is located In Dhaka, Bangladesh. It was established with the cooperation of British Council and The Hunger Project -Active Citizen Program in February 01, 2015. Background Youth School for Social Entrepreneur (YSSE) is active Citizen 635 batch Social Action Plan. Social Entrepreneur, as a practice and a field for scholarly investigation, provides a unique opportunity to challenge, question, and rethink concepts and assumptions from different fields of management and business research. This article puts forward a view of social entrepreneurship as a process that catalyzes social change and addresses important social needs in a way that is not dominated by direct financial benefits for the entrepreneurs and its importance in Bangladesh and the goal of Youth school for social entrepreneurs. Social entrepreneurship is seen as differing from other forms of entrepreneurship in the relatively higher priority given to promoting social value and development versus capturing economic value. Here in Bangladesh people needs to know about Entrepreneurship and YSSE can help one to be a successful entrepreneur. Goal The aims of the organization is to solve our own......

Words: 1347 - Pages: 6

Premium Essay

Social Entrepreneurship

...Interview with Neelam Chibber of Industree craft foundation, Bangalore, India Could you tell us about Industree Craft? Industree Craft , India is a hybrid social enterprise—literally comprised of for-profit and nonprofit entities—based in Bangalore, India. Industree's mission is “to enhance and create artisanal owned rural livelihoods through marketing of contemporary designed artisanal produce for urban markets,”2 Industree sources products and materials from small-scale artisan groups across Southern India and sells their products, primarily home textiles, gifts, and natural fiber furniture, to domestic and international markets. It currently operates three Industree-branded retail shops, sells via shop- in-shops in leading domestic retail stores, and exports products for international retailers such as IKEA. Industree’s annual revenue reached $1 million USD in 2007. What hinted you to start this venture? There are some 40 million rural artisans in India today. While global demand for Indian artisan products is growing both in India and abroad, rural artisans largely remain poor. Prior to the industrial revolution, high quality artisan products were historically crafted in rural areas for domestic and international consumption. Governments support for manufacturing centers in urban hubs has increasingly isolated rural producers and decreased their access to functioning markets. As a result, much of India’s rural population has migrated to cities in search of work,......

Words: 1150 - Pages: 5

Premium Essay

Entrepreneurship or Social

...Entrepreneurship or Social Entrepreneurship: Descriptive Study On the Perspective of De La Salle University Entrepreneurship Students Paul Lorenz T. Chua & Jose Angelo L. Calma Students, Ramon V. Del Rosario College of Business, De La Salle University March 27, 2014 Abstract Entrepreneurs have been around 1723 since then, they have been innovating, making new enterprises, and creating new job opportunities. The profession of entrepreneurs focuses more on the mainstream management approach, which revolves around materialism. On the other hand, a different kind of entrepreneurship started around 1960s and it is social entrepreneurship. Social entrepreneurship does not focus on the mainstream management approach, but focuses on the multi-stream management theory and practice. The research paper aims to find out the preference of De La Salle University (DLSU) Entrepreneurship students towards entrepreneurship or social entrepreneurship. The gathered information was conducted through a quantitative surveying of forty-two (42) DLSU Entrepreneurship students. Results showed that DLSU Entrepreneurship students are leaning more into the profession of entrepreneurship as mainly this profession has more profit and is much more viable compared to social entrepreneurship and that social entrepreneurship requires more knowledge. Keywords: entrepreneurship, social entrepreneurship, mainstream management, multi-stream management theory and practice, profession,......

Words: 4893 - Pages: 20

Premium Essay

Social Entrepreneurship

...Social entrepreneurship is a process of combining social cause with business approach and innovations. Social entrepreneurs are individual entrepreneurs who find innovative, efficient and effective methods of serving a social purpose such as reduce unemployment, reduce pollution, toxicity and reducing the inequality between the rich and the poor. Instead of leaving social issues to government or big Corporations, social entrepreneurs find the things that are not working and solve the problem by changing the system. They create ideas and find solutions that are ethical, sustainable or user-friendly, thus convince societies to adopt these steps. Every leading social entrepreneur (Bill Gates/ Richard Bronson) are visionaries that are concerned with profit maximization but also the welfare of the public. Social entrepreneurship shapes the frontiers between the profit- oriented sectors and the non-profit oriented sectors as social enterprises can vary from for-profit community development organizations such as hybrid organizations which have both profit and non-profit elements. This is so because of the different traditions of social entrepreneurship in different parts of the world. Some examples of non-profit social enterprises are the Forest Stewardship Council (FSC), BRAC (NGO) or the Marine Stewardship Council (MSC) and some examples of profit oriented social enterprises are the Grameen bank in Bangladesh and SELCO. A good example of a social entrepreneur is Jordan......

Words: 567 - Pages: 3

Free Essay

Social Entrepreneurship

...of Social Entrepreneurship and the work that a social entrepreneur does. The Report is a guide to learn Social Entrepreneurship through Handson experience. The Report covers my experience in starting a Social Enterprise, difficulties I encountered during the time and how to make a Social Enterprise a Viable option. This report covers everything from rise of this term Social Entrepreneur, to work done by Social Entrepreneurs, to the Entrepreneurial theories and approaches they follow or must follow. This report also describes several Social Ventures and the people behind those ventures who have brought about a positive social change. Social Entrepreneurship is a relatively new phenomenon and the excitement it has created throughout the world because of the impact it has had is tremendous. This report thus describes what learning social entrepreneurship through hands-on experience is. The Report also lists the various people I contacted for Sponsorship and the manner in which they supported the project. 5 TABLE OF CONTENTS ACKNOWLEDGEMENTS 03 ABSTRACT 04 1. SKILL DEVELOPMENT AND SOCIAL ENTREPRENEURSHIP 06 1.1 INTRODUCTION 1.2 OBJECTIVES 1.3 METHODOLOGY 1.4 DATA COLLECTION 1.5 CHAPTER SCHEME 2. LITERATURE REVIEW 11 3. HISTORY 17 4. MODERN SOCIAL ENTREPRENEURSHIP 22 5. SOME OUTSTANDING EXAMPLES 27 6. THEORIES OF ENTREPRENEURSHIP 33 7. CONCLUSION 38 8. BIBILIOGRAPHY 39 6 CHAPTER-1 SOCIAL ENTREPRENEURSHIP 1.1 INTRODUCTION: Social entrepreneurship is...

Words: 8926 - Pages: 36

Premium Essay

Social Entrepreneurship

...the global topic of entrepreneurship, review entrepreneur traits and social entrepreneurship trends. Studies suggest entrepreneurs post success possess common traits, suggesting traits can be acquired. With these strong traits, entrepreneurs have the potential to produce substantial change on all levels of the triple bottom line. Profitability is equally as important to both commercial and social entrepreneurs. However, it is where they funnel their profits and their driving forces that differ. With so many social issues globally, there are a myriad of social entrepreneurship trends. However, this report focuses on community-supported agriculture, youth homelessness and support for refugee women, all of which are in need of extra support from social entrepreneurship.   Contents 1.0 Introduction 1 2.0 Section 1: Overview of Entrepreneurship 2 2.1 Entrepreneurs 2 2.2 Social Entrepreneur 4 3.0 Section 2: Current Trends in Social Entrepreneurship 7 3.1 Community Supported Agriculture 7 3.2 Social Integration and Employment for Refugee Women 9 3.3 Youth Homelessness 10 4.0 Conclusion 11 5.0 References 12 1.0 Introduction The purpose of the report is to review entrepreneurship, identify the traits of an entrepreneur, and examine the factors that differentiate social and commercial entrepreneurship. Whilst entrepreneurship is considered......

Words: 2421 - Pages: 10

Premium Essay

Learning Journal Social Entrepreneurship

...Indian  Institute  of  Management  Calcutta   (IIMC)           “It’s  time  to  care;  it’s  time  to  take  responsibility;  it’s  time  to  lead;   it’s  time  for  a  change."   ―  Steve  Maraboli           Stefania  Lanfranchi   stefania.lanfranchi@student.unisg.ch             CEMS  MIM  BLOCK  SEMINAR  on  SOCIAL  ENTREPRENEURSHIP   Prof.  Devi  Vijay   Number  of  pages:  10   Kolkata,  September  23rd  2013   CEMS  MIM  BLOCK  SEMINAR   Prof.  Devi  Vijay   Indian  Institute  of  Management  Calcutta                             Stefania  Lanfranchi         Introduction   This   paper   constitutes   a   reflection   on   my   learning   gains   as   a   consequence   of   attending   the   CEMS   MIM   BLOCK   SEMINAR   2013   at   the   Indian   Institute   of   Management   Calcutta.   In   the   fol-­‐ lowing,   I   identified   five   topics,   which   to   me,   have   contributed   greatest   to   my   intellectual   and   personal   development.   Notwithstanding,   I   will   neglect  ......

Words: 3900 - Pages: 16

Premium Essay

Role of Education in Social Entrepreneurship

...Asad Malik (S153F0008) Entrepreneurship education in universities The latest decades have seen a tremendous rise in entrepreneurship education at universities around the globe. The foremost pedagogical tool in many entrepreneurship programs seems to be having students learn how to write a business plan (Hills, 1988; Johannisson et al., 1998). A new study examines three new, comparatively small, but very ambitious entrepreneurship programs. All of the three programs try to increase students’ awareness of entrepreneurship as a career possibility, but also include various practical training modules. Specifically, all three programs include training session in acting and thinking creatively, using a problem-based learning approach where students develop new and creative solutions to business ideas and eventually, in some cases, actually start new ventures during the educational program. Role of education on entrepreneurial intentions Entrepreneurial intention has been described as “a conscious state of mind that directs attention toward a specific goal to achieve it” (Bird, 1989, p. 8). Researchers typically trace entrepreneurial intentions to three general factors (Krueger et al., 2000). First, intentions are triggered by a person’s attitude towards the behaviour. This is seen as the weighted sum of perceived consequences and the likelihood of different outcomes of the behaviour, including intrinsic rewards. The second factor is perceived social norms. This means that the...

Words: 371 - Pages: 2

Premium Essay

The Importance Of Social Entrepreneurship

...Today, the term- “social entrepreneurship” has become quite common to describe social initiatives undertaken by individuals or group of individuals which may not be necessarily non-profit. Similar to the ways in which business entrepreneurs create and transform whole industries, social entrepreneurs act as the catalysts for change in society, using opportunities others miss out on in order to improve systems, invent and bring to the table new approaches and advance sustainable solutions that create a social impact. Social entrepreneurs primarily seek to generate social value rather than profits unlike traditional business entrepreneurs. The work is targeted not only towards immediate, small-scale effects, but eventually leading to long-term...

Words: 1796 - Pages: 8

Premium Essay

Framing a Theory of Social Entrepreneurship

...Reading: Framing a theory of social entrepreneurship: Building on two schools of practice and thought - J. Gregory Dess and Beth Balle Anderson The paper argues that social entrepreneurship will be most effective and generate the greatest interest of academics when it combines elements of the two main existing schools of thought: the social enterprise and the social innovation school of thought. At the intersection of them, to which the authors refer to as “enterprising social innovations”, social entrepreneurship is defined as an “innovative, social and economic value creating activity” that offers the opportunity for large-scale social impact that is sustainable and not constrained by a legal form. Thus, the social sector should use the business world for inspiration and apply innovative market-oriented models to raise capital and address social issues. Such an approach would revolutionize the process of creating social value – blending social/philanthropic and economic components to shift resources into areas of higher impact for society. In my opinion, the claim that social entrepreneurship should focus on that intersection is the logical step forward in enhancing a new field of academic inquiry. Taken alone, each of the school maintains important aspects of tackling social issues: using market-oriented strategies to create social value is the best method to avoid the dependence on private donor capital which comes from the often illiquid social sector, offering the......

Words: 457 - Pages: 2

Free Essay

Social Entrepreneurship

...Paper for Cornell –PKU Conference, June 9-11, 2008, Ithaca Legal Myth on Emergence of Social Enterprises in China By JIN Jinping∗∗ Abstract Is social enterprise a new form of organization, differ from for-profit ones and not-for-profit ones? The article tries to answer this question. The social enterprises seem blur the boundary between for-profit and not-for-profit in the objects, while they don’t break though the distinction between for-profit organization and not-for-profit organization, and the rules applied respectively. However the social enterprises can enjoy some special treatment, not base on the form of organization, but on the social benefit of their mission. We should deal with social enterprises and pure business enterprises differently, and shouldn’t ask the later to offer what they needn’t. Key words: Social Enterprises; Corporate Social Responsibility; Community Interest Company; the Triple Bottom Line PartⅠ. Introduction While “corporate social responsibility” is broadly concerned by the public, a new term “Social Enterprise” has been introduced and is gaining its popularity. There are quite a few incubators for social enterprises in practice, and some foundations have put ∗∗ Jin Jinping, Lecture in Peking University Law School. Email: jinjinping@yahoo.com.cn. 1 social enterprises at their priority list of their grantee.1 The term “Social Enterprise” is first used in a report of Organization for European Economic......

Words: 4245 - Pages: 17