The Meaning of  "Social Entrepreneurship"

Social Entrepreneur:

Some one who recognizes a social problems as an opportunity and uses the entrepreneur principles to organize create and manage venture to make a social change or produce social value.  

 Basic principles of building social enterprise:

                                                                                                                                   by Jerr Borchee

• Revenue model
• "Be a player or do not play"
• Income Strategies
• Mission driven products and series
• Understanding the difference in Innovators, Entrepreneur and Professional managers
• Non profit culture  

For being social Entrepreneur:

                 Knowledge -Practice-Habit 

Innovation-Evaluation possible and gets

Creativity-Evaluation not possible and its inborn

Social Entrepreneurship:

Having business mind or head with social heart.

Key Traits of Social Entrepreneurs: 

• Willingness to self correct.
• Willingness to Share credit.
•  Willingness to Break Free Of Established.
• Willingness to Cross Disciplinary Boundaries.
• Willingness to Work Quietly.
• Strong Ethical Impetus.   

S-Simple

M-Measurable

A-Achievable

R-Realistic

T-Time bound.

Social Entrepreneurship:

Combines the passion of business like discipline, innovation and determination.

EX- Homeless Shelters that start business to train and employ their residents.

Entrepreneur:

Its originated since in 17th and 18th century French economics meaning is " Some one who undertake a significant project or activity.

Theories of Social Entrepreneurship: 

Jean Baptiste Say(19th century)

"Entrepreneurs create value"  by shifting economic resource out of an area of lower and into an area of higher productivity and greater yield.

Joseph Schumpeter:

 Its also know as Creative - destructive Theory, Entrepreneur as the innovator who derive  the "creative-destructive" process of capitalism.by serving new market or crating new ways of doing things, they move the economy forward.

Peter Drucker:

Its also know as Current theories of  Entrepreneurship. Here do not require entrepreneur to cause change, but they are the once exploit opportunities that cause change.

"The Entrepreneur always searching for change, respond to it and Exploit it as an opportunity".

Difference between Business and Social Entrepreneurs

Business Entrepreneurs:

• Mission- Is subjected to the market.
• Wealth - Profit is the main aim.
• Value-Is created when customers are willing to pay more. 

Social Entrepreneur:

• Mission-Is Explicit and External.
• Wealth -Just a means, not and end.
• Value-Value measured on the positive effect on public and difficult to measure.