CHAPTER 01 REVISED.pptx
- 1. Chapter One: The Many Faces of Social Entrepreneurship
- 2. Outline- Week 1 • What is Entrepreneurship? • The OREO model of Entrepreneurship • 4 Major Characteristics of Successful Entrepreneurs • What is “Social” Entrepreneurship? • Who are the Social Entrepreneurs? • Why Social Entrepreneurship? • Where does social entrepreneurship occur?
- 3. 4 pillars of entrepreneurship- OREO Model Opportunity Entrepreneur Organization Successful Ventures Resources
- 4. ENTREPRENEURSHIP The process of perceiving opportunities for and the creation of a new venture, by mobilizing a wide variety of resources. *Pursue opportunities without regard to the resources currently controlled. *Requires creativity, drive, and a willingness to take risks. Entrepreneurs are those who do start and grow ventures
- 5. Who Is an Entrepreneur? • Employees—earn their livings working for someone else’s business. BUT • Entrepreneurs—earn their livings starting, owning, and working for their own businesses. • Entrepreneurs add value to scarce resources by shifting them from areas of lower to higher productivity.
- 6. Who is an Entrepreneur then? One who builds a new business organization in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on them.
- 7. Characteristics of Successful Entrepreneurs Four Primary Characteristics
- 8. What is Social Entrepreneurship (SE)? creation of new organizational models Aims at fulfilling a social mission Creating business models to serve the poor Traditional E with a mission to change society to bring about more equity in a society Jobs opportunities such that they eventually become self-sufficient
- 9. What Is Social Entrepreneurship? • The phenomenon of social entrepreneurship is not new • Scholars lack consensus on the definition of social entrepreneurship • The broad and narrow definitions – The “social enterprise” school of thought – The “social innovation” school of thought
- 10. What Is Social Entrepreneurship-SE? • Guo and Bielefeld’s definition: • “Social entrepreneurship refers to the pursuit of social objectives with innovative methods, through the creation of products, organizations, and practices that yield and sustain social benefits.“ • What do you think of this definition? – Strengths – Weaknesses
- 11. What Is Social Entrepreneurship-SE? • The differences between social entrepreneurship and commercial entrepreneurship – Market failure – Mission – Resource mobilization – Performance measurement
- 12. What Is Social Entrepreneurship-SE? The PCDO model – People (P) – Context (C) – Deal (D) – Opportunity (O) • Managerial implications
- 13. Who Are the Social Entrepreneurs-SE? • Social entrepreneurs share many of the same qualities that regular entrepreneurs share: – Innovative – Risk taking – Resourceful • What sets social entrepreneurs apart from regular entrepreneurs? – The drive for social change
- 14. Who Are the Social Entrepreneurs-SE? • Some common behavior categories found in existing definitions of social entrepreneurship: – Balanced judgment – Opportunistic – Virtuous – Risk endurance
- 15. Who Are the Social Entrepreneurs-SE? • Dennis Young identifies seven types of social entrepreneurs – Independent entrepreneurs – Searchers – Power seekers – Conservers – Professionals – Artists – Income seekers
- 16. Who Are the Social Entrepreneurs-SE? • Mair and Noboa summarize the unique characteristics of social entrepreneurs in terms of: – Traits and skills – Behavioral attributes – Context and background • What is the problem of the trait approach to social entrepreneurship?
- 18. Why Social Entrepreneurship-SE? • Unmet demand of social needs – Government failure – Contract failure – Social theory • Need for earned income – Recent budget cuts – Recent economic crisis
- 19. Why Social Entrepreneurship-SE? • Opportunities from the external environment – Demographic – Technological – Global • Impact on social value creation – Offer support during the economic downturn – Employment development – Innovation / New goods and services – Equity promotion
- 20. Where Does Social Entrepreneurship Occur? • Social entrepreneurship occurs in all three sectors – Public sector examples – Nonprofit sector examples – Business sector examples • Social entrepreneurship occurs at the interface between public and private/nonprofit sectors – Examples of social entrepreneurship in network settings
- 21. Social entrepreneurship describes individuals who combine the pragmatic and results-oriented methods of a business entrepreneur with the goals of a social reformer. Power of a simple idea to effect vast social change. Set a new standard in development work SE models build bridges-- private sector and the world’s poor SE is after all entrepreneurship with multiple bottomlines that includes a social mission
- 22. National Foundation for Teaching Entrepreneurship (NFTE) Entrepreneurship Education for At-Risk Youth. NFTE Launched in New York in 1987 by Steve Mariotti Teach Entrepreneurship to Low-Income Young People Economically productive members of society 19-year track record as a proven SE Model NFTE has reached 22,000 young people trained teachers and youth workers in 44 states and 16 countries
- 23. We define Developmental SE as a process that discovers a workable organizational model to enables the design, planning, production and delivery of products and services that cater directly to fulfilling certain social needs of “marginalized” population within accepted sustainable development guidelines (Ram Kesavan, 2006). Non-developmental SE deals with solving mainstream social issues that directly concern the entire humanity-- Issues such as infectious diseases (covid-19), crime, ecology, sustainability or climate change
- 24. High Misery Index and Poverty Levels Supply of Food in Quantity/ Quality. Access to Health Care Kind and Quality. Affordability of Dental and Vision care. Meaningful Educational Experiences. Shelter from Bad Weather
- 25. • Increasing Job growth among Poor Capital Access among Impoverished Segments Clear Water, Closed Sewers, Clean Air Human Dignity: Prevent Child Labor Homelessness/Neglect of Elderly Protection from Criminal Elements