Introduction to Entrepreneurship and Social Enterprise.pptx

An overview of entrepreneurship for social value creation. Targeted for students at the high school level

1. Lycorp summer workshop

2. Icebreaker Instructions: All participants have 60 seconds seconds to introduce themselves and share a quick pitch related to their interest in entrepreneurship. Preparation (3 minutes): You have 3 minutes to think about what you want to say. This should include: You r name What you are studying Why are you interested in entrepreneurship or a business idea you are passionate about

3. Simple Definition Process of creating something new and assuming the risks and rewards. Robert D.Hisrich , M.P.Peters & D.A.Shepherd

4. Common characteristics associated with entrepreneurs Vision Passion Decision making Risk-taking Internal locus of control Leadership Resilience Innovative thinking Customer focus Integrity and ethical behavior Efficiency orientation Financial acumen Use of influence strategies

5. Entrepreneurial Process Identify/Evaluate Opportunity Develop Business Plan Resources Required Manage the Enterprise Opportunity assessment Description of business Determine needed resources Develop management style Creation and length of opportunity Description of industry Determine existing resources Understand key variables for success Real and perceived value of opportunity Technology plan Identify resource gap and available suppliers Identify problems and potential problems Risk and returns of opportunity Marketing plan Develop access to needed resources Implement control systems Opportunity versus personal skills and goals Financial plan Develop growth strategies Competitive environment Production plan Organizational plan

6. The Role of Entrepreneurship in Economic Growth Increasing the per capita output and income of the country. Initiating and creating change in the structure of business and society. Generation of innovation that leads to the creation of new product and service. Improvisation and modification on existing product to better suit market and customers ’ needs. Creation of self employment and to cut back the dependency of potential employment of new workers in government sectors.

7. Social Entrepreneurship Entrepreneurship - SZABIST

8. Most important ‘external’ forces over the past and next few years Globalization Sustainability

9. Bill Drayton

10. What is Social Entrepreneurship ? Social Entrepreneurship creates innovative solutions to immediate social problems and mobilizes the ideas, capacities, resources, and social arrangement required for sustainable social transformation .

11. Difference between Social & Commercial Entrepreneurship Commercial Entrepreneurship represents the identification, evolution, and exploitation of opportunities that result in Profit. Social Entrepreneurship refers to the identification, evolution, and exploitation of opportunity that result in social value.

12. Keep on….. Commercial Entrepreneur may create change in the society, but that is not the primary purpose of starting the venture. Social Entrepreneur may generate profit, but for him/her that is not the primary reason for starting the venture.

13. Keep on….. Another key difference between the Social and Commercial Entrepreneur is in the meaning of wealth creation. For the Commercial Entrepreneur , ‘wealth’ is same as profit . For the Social Entrepreneur , however, wealth also encompasses creation of the social and environmental capital .

14. common confusions about social entrepreneurship…..

15. Preparation for tomorrow There’s always a tendency to give solutions, but the key is to get to define the problem better, which is half the work of solving the problem anyway. The following pictures contain some global issues. You must define the issues that you see and research about the causes and complexities behind these problems.

16. Entrepreneurship by Elia Qazilbash