chapter 4: supporting social entrepreneurship

the role of social entrepreneurship

"the life purpose of the true social entrepreneur is to change the world"

social inclusion and social entrepreneurship

-confronts inequity that creates marginalization -creates similar opportunity -breaks down social issues -encourages hope

social entrepreneurs and stakeholders

-employees -volunteers -investors -customers -suppliers -manufacturers -community leaders -sponsors -board members -other entrepreneurs

wicked problem examples

-environment -poverty -sustainability -equality -education -child mortality -sanitation -terrorism -health and wellness

traditional and social entrepreneur similarites

-found new organization -find info and resources -form connections -create marketing initiative -promote offerings

social consequence entrepreneurship

-make a social impact -make a profit eg: Sword and Plough-veterans

social purpose ventures

-resolve a social problem -make a profit eg: organic clothing company

capital markets for social entrepreneurs

-social venture capitalists -"community" funds -microfinance

differences in traditional and social entrepreneur

-traditional: create ventures with a goal of making a profit, measure performance by profits -social: create ventures to tackle social problems and bring about social change, measure performance by advancing social and environmental goals -both: for profit and non-profit

enterprising non-profits

-venture mission and market impact are for social purposes -profit are channeled back into organization

types of stakeholders

1. dormant 2. discretionary 3. demanding 4. dominant 5. dependent 6. dangerous 7. definitive

wicked problem characteristics

1. problem isn't understood until after formation of solution 2. problems have no stopping rule 3. solutions aren't right or wrong 4. every problem is novel and unique 5. every solution is a 'one shot operation' 6. problems have no given alternative solution

stakeholder model

based on power, legitimacy, and urgency

corporate social responsibility (CSR)

the efforts taken by a corp. to address the company's effects on environmental and social wellbeing in order to promote positive change. *however encourages profit over social change