2. Maj Md Habibur Rahman, 201414xxx
Arif Mahmud, 201514xxx
Muhtasim Fuad Rafid, 201514xxx
Capt. Rezaul Rizvi, 201414xxx
Dain Ibne Faruque, 201514xxx
Team Structure
3. Social
Entrepreneurship
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.
- Wikipedia
-What does it mean?
4. key characteristics
• Socialite: a context, process and or set of outputs that
are for public benefit.
• Innovation: the creation of new ideas and models that
address social or environmental issues
• Market orientation: the performance-driven,
competitive, outlook that drives greater accountability
and co-operation across sectors.
-of a social Entrepreneur
5. Few examples
Dr. Muhammad Yunus
Founder of Grameen Bank- the Nobel Peace
Prize-winning microfinance organization, as of
year 2010, has a total asset of over 159 billion
USD and a revenue of over 17.6 billion USD.
6. Few examples
Sir Fazle Hasan Abed
Founder of BRAC, the world’s largest non-
government organization, has revenue over 68 billion
USD with about 115,000 employees and staff.
bKash, business of BRAC, is thesecond largest mobile
money banking system in the world.
He was a Naval Architect.
7. Engineers as Entrepreneurs
A recent Duke and Harvard survey of over 500
technology companies showed that 37% of their
leaders have engineering or computer science
backgrounds.
What this survey is trying to tell us is that among
ourselves the chances of happening the same is
very promising.
-What does it have to do with engineering background?
9. The Conflict
▷ Do I invest in a social business or in non-social
one?
▷ Why choose one over another?
▷ What does profit really means to me?
▷ What are the risks for me?
▷ Is there any way to do both?
10. ▷ Financing - Not easy to manage.
▷ Teambuilding - Hard to build a solid starting team.
▷ Decision Making - Choosing the right path.
▷ Abandoning another career – Give up one or the
other
▷ High level of risk – No guarantee like a fixed job
The Challenge
11. Facing the Challenges
▷ Financing - Build slowly with patience
▷ Teambuilding - Build with people you trust.
▷ Decision Making - Talk to the experienced, build
a network.
▷ Abandoning another career - Think of your
capabilities and go for it!
▷ High level of risk - Keep a backup for the rainy
days.
13. The Opportunity
Although it makes sense to start profit
maximizing business and be an
entrepreneur that way, considering the fact
that world is never perfect and millions are
suffering various crisis, it is encouraged to
be involved in social entrepreneurship
because it is an opportunity to serve
toward humanity in ways that other
business corporations can only dream
about.
At the beginning of this slide:
Each social entrepreneur presents ideas that are user-friendly, understandable, ethical,
and engage widespread support in order to maximize the number of local people that will
stand up, seize their idea, and implement with it. In other words, every leading social
entrepreneur is a mass recruiter of local change makers—a role model proving that
citizens who channel their passion into action can do almost anything.
if we want to define it in organized language then,
At the end of this slide:
It basically means starting a business or investing your money somewhere that calculates its success not only by how much money is made but also takes the business’s effect on a particular group of society in account. This effect can be financial, cultural, environmental, and many more. Many companies are rising with similar aim in business today.
Extension:
Social entrepreneurship must display all three of the following key characteristics:
Socialite: a context, process and or set of outputs that are for public benefit.
Innovation: the creation of new ideas and models that address social or environmental
issues This can be manifested in three ways: a new product or service .The use of
existing goods and services in new, more socially productive ways.
Market orientation: the performance-driven, competitive, outlook
that drives greater accountability and co-operation across sectors.
Market-orientation can include anything from conventional competitive
markets to the exchange of social and or environmental value.
Innovation (extension) :
This can be manifested in three ways: a new product or service .
The use of existing goods and services in new, more socially productive ways.
Market Orientation (extension):
Market- orientation can include anything from conventional competitive markets to the exchange of social and or environmental value.
At the start of this slide:
If we look for examples, there is no better place to look for than Bangladesh. It is the very heart of social entrepreneurship.
At the end of this slide:
This is just a glimpse of how big a social business can grow despite not being a profit maximizing system.
These social businesses not only making thousands of jobs and making money but also helping us shape our economy by solving various kind of social problems we are surrounded with.
At end of this slide:
Times come when vision meets engineering and we don’t wait for the future, because the road to new is always under construction- if we want to go forward, we’d better create it.
Now for better understanding lets look at a scenario.
Year 2021 or 2026 about five to ten years from now. You graduated from this reputed university, got a job, maybe a successful career so far. Then comes a time when you look into the mirror with a questioning eye and tell yourself that you have worked really, really hard these years but not enough to matter, it’s time for you to be more, to stop being an employee and start being an employer, an entrepreneur.
Then you look at the list of ideas you’ve made throughout your career which can be converted into businesses. You realize some of those ideas are social business and some are not and at that exact moment the conflict of ethics arises. Now I will request Ibne Batur to come forward and tell us more about it.
At the end of this slide:
Having seen what every entrepreneur goes through before starting a business, now let’s look at what different options are open for us to go forward.
Well, the best way to start the process is by looking at the list of ideas you’ve made throughout your career which can be converted to businesses. Now, it’s true for us to have various types of ideas- some directly puts influence on society and some of them don’t.
As to whether we can come back or not it is quite true that we can always come back. Meaning we can start by a profit-maximizing business and then come back again later to start the social businesses on our list or even invest in existing companies.
