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
