Introduction to Social
Entrepreneurship
Entrepreneurship is:
Innate ability to sense and act on opportunity
Combining out-of-the-box thinking
Unique brand of dete...
Starting with Entrepreneurship
Jean-Baptise Say – French economist 19th c.
“Shifts economic resources out of an area of
lo...
Starting with Entrepreneurship
Theorists universally associate
Entrepreneurship = opportunity
Entrepreneurs:
Ability to s...
Starting with Entrepreneurship
Entrepreneurship
“An opportunity context”
A set of personal characteristics:
Identify and ...
Entrepreneurial context
Fred Smith – the long distance courier service
Sending a package across country – weeks
The system...
Entrepreneurial context
Entrepreneur thinks creatively
Develops new solutions that breaks with the
existing one
Doesn’t tr...
Entrepreneurial context
• Courage – the process of innovation, the
burden of risk and failure
• Smith – acquired a fleet o...
Entrepreneurial outcome
• Creates a new stable equilibrium
• Provides meaningful higher level of
satisfaction for the part...
Shift to social entrepreneurship

• Money

• Altruism
Motivation

Entrepreneurs

• Serve markets
with a new
product or
ser...
Social Entrepreneurship
Identifying a stable, but unjust equilibrium
that causes the exclusion or marginalization

Identif...
One World Health
• Victoria Hale- pharmaceutical scientist
• Institute One World Health
• Indian government approved the f...
Boundaries of Social Entrepreneurship

Social
service

• The impact is
constrained, and the
scope is determined by
whateve...
Social activists
Social activists
Social activists
Pure forms of social engagement
Direct

Social
Service
Provision

Social
Entrepreneurship

Indirect

-

Social Activism

E...
Introduction to social entrepreneurship
Introduction to social entrepreneurship
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Introduction to social entrepreneurship

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Social entrepreneurship is one of the most popular terms in the nonprofit sector and one of the most misunderstood. Here are some of the ideas of Roger Martin and Sally Osberg from their article “Social Entrepreneurship: the case for the definition “.

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Introduction to social entrepreneurship

  1. 1. Introduction to Social Entrepreneurship
  2. 2. Entrepreneurship is: Innate ability to sense and act on opportunity Combining out-of-the-box thinking Unique brand of determination To create or bring something new to the world.
  3. 3. Starting with Entrepreneurship Jean-Baptise Say – French economist 19th c. “Shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.” “One who undertakes” To encompass the concept of value creation.
  4. 4. Starting with Entrepreneurship Theorists universally associate Entrepreneurship = opportunity Entrepreneurs: Ability to see and seize new opportunities Commitment and drive to peruse them Willingness to bear the risks
  5. 5. Starting with Entrepreneurship Entrepreneurship “An opportunity context” A set of personal characteristics: Identify and pursue this opportunity The creation of a particular outcome
  6. 6. Entrepreneurial context Fred Smith – the long distance courier service Sending a package across country – weeks The system was logistically complex No one would take responsibility Slow, unreliable, unsatisfactory service
  7. 7. Entrepreneurial context Entrepreneur thinks creatively Develops new solutions that breaks with the existing one Doesn’t try to optimize the current system with minor adjustments Instead finds a totally new way of approach
  8. 8. Entrepreneurial context • Courage – the process of innovation, the burden of risk and failure • Smith – acquired a fleet of jets and built a gigantic airport and sorting center in Memphis • To provide next-day delivery without the package ever leaving FedEx’s possession • His competitors had only fleets of trucks for local pickup and delivery
  9. 9. Entrepreneurial outcome • Creates a new stable equilibrium • Provides meaningful higher level of satisfaction for the participants in the system • Raised standards • New competitors • A new verb “to FedEx”
  10. 10. Shift to social entrepreneurship • Money • Altruism Motivation Entrepreneurs • Serve markets with a new product or service • Underserved, neglected population Social entrepreneurs
  11. 11. Social Entrepreneurship Identifying a stable, but unjust equilibrium that causes the exclusion or marginalization Identifying an opportunity and developing a social value proposition Forging a new, stable equilibrium that alleviates the suffering of the target group and creation of a better eco-system
  12. 12. One World Health • Victoria Hale- pharmaceutical scientist • Institute One World Health • Indian government approved the first drug – Paromomycin – cost effective cure for visceral leishmaniasis, a disease that kills more then 200,000 people each year.
  13. 13. Boundaries of Social Entrepreneurship Social service • The impact is constrained, and the scope is determined by whatever resources they are able to attract. Social activism • Influence of influence rather than on direct action. (ex: Martin Luther King, Mahatma Gandhi, Vackav Havel).
  14. 14. Social activists
  15. 15. Social activists
  16. 16. Social activists
  17. 17. Pure forms of social engagement Direct Social Service Provision Social Entrepreneurship Indirect - Social Activism Existing System Maintained and Improved New Equilibrium Created and Sustained
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