Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Aisha Babangida | Defining Social Entrepreneurship

52 views

Published on

Aisha Babangida is a humanitarian, entrepreneur and finance professional who hopes to encourage the advancement of her home, Nigeria, and Africa as a whole. In her latest blog post, she aims to better define social entrepreneurship for those who aren't familiar with the sector.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Aisha Babangida | Defining Social Entrepreneurship

  1. 1. SOCIAL ENTREPRENEURSHIP Defining By Aisha Babangida
  2. 2. Given the vastness of the business field, the term entrepreneurship tends to be fairly all- encompassing, so it has become customary to tack on an additional descriptor. Social entrepreneurship is the latest buzzword, but what actually takes entrepreneurship from business into the social entrepreneurship realm.
  3. 3. While most startups and new businesses are driven by the wealth and prosperity starting your own business can provide, social entrepreneurship refers to new ventures rooted in a socially-conscious mission. MOTIVATED BY THE MISSION
  4. 4. THE VALUE OF WEALTH When it comes to social entrepreneurship, wealth is a means to attack their core-issue. While they need funding to be successful, they don’t gauge their success based on it.
  5. 5. “This is because business entrepreneurs are subject to market discipline, which determines in large part whether they are creating value. If they do not shift resources to more economically productive uses, they tend to be driven out of business.” https://entrepreneurship.duke.edu/news-item/the- meaning-of-social-entrepreneurship/
  6. 6. STRUCTURE Don’t confuse social entrepreneurship with a looser business model. Yes, rather than being driven by profit, they are more focused on a purpose. These companies still require just as much research though and a robust business plan.
  7. 7. MEASUREMENTS OF SUCCESS There are two words that continue to appear when reading about how to measure success in social entrepreneurship - sustainability and scalability. For an organization to be genuinely successful, their needs to be a plan to grow. By only setting one goal, your original social mission, you limit yourself. A successful mission involves a series of goals that leave room to outgrow your original aims. A company rooted around aiding one victim is eventually going to collapse, because eventually that person is no longer going to need aid. If you have goals to grow (sale) your mission, then odds are your mission is also sustainable.
  8. 8. THANK YOU! R e a d t h e f u l l p o s t a t A i s h a B a b a n g i d a . o r g

×