2. What is Social Entrepreneurship
“Use of entrepreneurial principles to organize, create and manage a venture to achieve
social change” – business principles synergy with social ventures
“Work of social entrepreneurs – change agents of society”
“Aim: Further social and environmental goals”
“Solving social problem on a large scale”
“Sustainable and creates social impact”
“Improve systems, invent and disseminate new approaches and advance sustainable
solutions that create social value”
Business and Social Entrepreneurship Dichotomy
Competitive Business Social Issues/Problems
Environment
Customer Value Social Value
Competitive Advantage Social Advantage
Profits Social Returns
Stakeholders/Shareholders Society/Humanity
3. IT IS NOT JUST…
Corporate Social Responsibility
Charity Work
PR stunts
Non Government Organizations
Donations
Socio-Civi Associations
School Based Organizations
5. “social entrepreneurs are individuals with
innovative solutions to society's most
pressing social problems”
"Social entrepreneurs are not content just to give
a fish or teach how to fish. They will not rest until
they have revolutionized the fishing industry."
6. “The job of a social entrepreneur is to recognize when a part of society
is stuck and to provide new ways to get it unstuck. He or she finds what
is not working and solves the problem by changing the system,
spreading the solution and persuading entire societies to take new
leaps.”
- David Bornstein, author of How to Change the World: Social
Entrepreneurs and the Power of New Ideas
“Ultimately, social entrepreneurs are driven to
produce measurable impact by opening up new
pathways for the marginalized and disadvantaged,
and unlocking society's full potential to effect social
change”
7. Florence Nightingale Maria Monetssori
- Mother of “modern - Montessori
nursing” Philosophy of
- “Lady with the Lamp” education
- Established the first - Globally
secular nursing school recognized brand
in the world St. name of
Thomas Hospital in education
London
- Nightingale Pledge by
nurses
William “Bill” Drayton
- Rise of the phrase “social entrepreneur”
- Founder of Ashoka: Innovators for the
Public (nonprofit organization dedicated to
finding and fostering social entrepreneurs
worldwide
- Goal of elevating the citizen sector to a
competitive level equal to the business
sector (Social Venture Capital)
8. “The system of this bank is based on the idea
that the poor have skills that are under-utilized.
A group-based credit approach is applied which
utilizes the peer-pressure within the group to
ensure the borrowers follow through and use
caution in conducting their financial affairs with
strict discipline, ensuring repayment eventually
and allowing the borrowers to develop good
Muhammad Yumus credit standing. The bank also accepts deposits,
- Nobe Peace Prize Winner
provides other services, and runs several
(2006)
- Founder of Grameen development-oriented businesses including
Bank fabric, telephone and energy companies.
- Stepped down as the CEO Another distinctive feature of the bank's credit
due to pressure from program is that the overwhelming majority
government (2011) (98%) of its borrowers are women.”
9. The Redwoods Group
- Kevin Trapani (Insurance Industry
Veteran)
- Cater to a market underserved by most
insurers: YMCAs. These face risks that
make them unattractive customers for
many insurance companies, including
the possibility that children will drown,
be sexually abused, or hurt or killed in
car accidents
Fifteen and Feed Me Better
- James Trevor Oliver, famous English Chef
(celebrity, endorser, author, etc.)
- Fifteen, a restaurant/social enterprise which
employed newly trained youngsters who usually
had troubled backgrounds. Fifteen is now a
global chain of four restaurants.
- "Feed Me Better" campaign for British
schoolchildren towards eating healthy foods and
cutting out junk food. As a result, the British
government also pledged to address the issue.
10. BTTR Ventures
- Nikhil Arora and Alex Velez
- Created a business out of waste streams (using
nutrient-rich discarded coffee grounds to grow
mushrooms)
- They sell starter kits to let consumers grow
their own mushrooms
Eleek
- Eric Kaster and Sattie Clark
- Wanted to start a metalworking shop, Clark
says they asked themselves: "Can we start a
business that uses resources that are readily
available in our community and therefore
keep stuff out of the landfill and keep stuff
from getting shipped all over the globe?"
- The company hopes to catalyze a "local
manufacturing" movement akin to local food,
whereby manufacturers reuse scrap material
discarded in their communities.
11. Progreso Financiero
- James Gutierrez
- Much closer in mission to a community bank
than a payday lender, this financial services
company specializes in making small loans—
the average is $900—to Hispanics who lack
credit scores. As customers repay their loans,
Progreso reports the achievement to credit
bureaus, building their scores
- Rate is much lower than the 400 percent
levied by payday shops.
Pearl Interactive Network
- Mary Korn
- Pearl Interactive Network provides
outsourced call center, administrative,
and IT help desk services to companies
such as Pfizer by hiring people with
disabilities, service-disabled veterans,
and other workers with challenges
12. Rags2Riches
“For the 12,000 families who live in the
impoverished neighborhood of Payatas in
Manila, a seven-story mountain of garbage—
one of the largest solid-waste dumps in the
Philippines—looms large as both a blight upon
the landscape and a source of livelihood. Each
day, the residents of Patayas, including
children as young as four, sift through the
refuse for anything of value, including castoff
rags that the women weave into rugs. With
the women able to produce only up to 10 rugs
a day, however, and profits on each rug as low
as two cents once unscrupulous middlemen get
their due, survival is hard-won. That's when
25-year-old Reese Fernandez co-founded
Rags2Riches, a social enterprise that links this
community of craftspeople directly to their
customers”
13. In Summary….
Social Entrepreneurship can start anywhere…..
Passion…
Core competencies….
Experience…..
Luck….
Personal circumstances….
Change in perspective…
Career background…
Desire for wealth….
Aspiration for a better world….
“addressing social issues, creating significant change and causing
huge social impact”
