SOCIAL ENTREPENEURSHIP Social Entrepreneurship is the use of the techniques that start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues.
FOCUS AREAS OF SOCIAL ENTREPRENEURSHIP Enhance a person’s ability to improve her or his economic well-being and personal dignity through opportunity. Harness aid to be more accountable, transparent and solutions-oriented, for lasting development. Enable access to and ensure use of reliable, affordable and appropriate healthcare in disadvantaged populations.
ROLE AND IMPORTANCE OF SOCIAL ENTREPRENEURSHIP Employment Development The first major economic value that social entrepreneurship creates is the job and employment estimates ranges from one to seven percent of people employed in the social entrepreneurship sector. Innovation/New Goods and Services Social entrepreneurs develop and apply innovation important to social economic development and develop new goods and services.
Equity Promotion Social entrepreneurship fosters a more equitable society by addressing social issues and trying to achieve ongoing sustainable impact through their social mission rather than purely profit-maximization.
QUALITIES OF SOCIAL ENTREPRENEURS AMBITIOUS MISSION DRIVEN STRATEGIC RESOURCEFUL RESULTS ORIENTED
PROBLEMS FACING BY ENTREPRENEUR Funding Strategy and Long-Term Focus Remaining True to the Mission Lack of skilled man force Social and Cultural Effect Lack of Government Support
SOME FAMOUS SOCIAL ENTREPRENEURS
Bill drayton Drayton is recognized as one of the pioneering social entrepreneurs of our time. Drayton founded “ Ashoka : Innovators for the Public” in 1980, which takes a multi-faceted approach to finding and supporting social entrepreneurs globally.
Muhammad yunus He founded Grameen Bank 1983. In 2006, Yunus was awarded the Nobel prize for creating the Grameen Bank to empower villagers with the funding to pull themselves out of poverty.