MGMT 472 Ch. 14 (Social Entrepreneurship)

What is social entrepreneurship?

-global movement with a goal to effect positive social change -a complicated phenomnon, difficult to define -encompasses both for-profit and not-for-profit -difference from traditional commercial enterprise **The intended Mission**

Models of social Entrepreneurship

Not for profit, serving a social mission 8%

Popular Definitions of Social Entre. share a common theme

- the methods and execution and entrepreneurial -the mission and purpose are driven by social need and benefit

Types of social Entrepreneurship: Enterprising non-profits, two types

-one uses primarily earned income activities

What is social Entre? Two more points

Corporate social responsibility (CSR) emphasizes doing good and serving the community while still making a profit ... social entrepreneurship is similar, but more focused on social goals

Models of social Entrepreneurship

For profit- primarily achieving social goals 9%

Grameen Bank, Muhammad Yunus

Micro lending in Bangladesh small loans, groups of 5, mostly women no collateral, charge interest- -- repayment rate 9% peer pressure

Types of social Entrepreneurship: Enterprising non-profits, two types

Second focuses on growth/sustainability possibly incorporating the outside investment

Types of social Entrepreneurship

Social Purpose Ventures: founded on premise that a social problem will be solved and are for profit

Two sources of Capital

Social Venture Capital 1.Focused 2.Community 3.VC with a conscience

What is social Entre? Two more points

The primary difference between traditional entrepreneurship and social entrepreneurship is the intended mission

Two sources of Capital

Venture Philanthropy

Gen Y and social Entre.

social entre. resonates with Gen Y values