Mkt1019 characteristics of the social entrepreneur 1


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Mkt1019 characteristics of the social entrepreneur 1

  1. 1. Social entrepreneurship The ‘personal characteristics’ approach
  2. 2. “Entrepreneurship” Entreprendre: v. To undertake; to begin, start (upon), embark upon, set about •New product/service •Risk •New method •Combination of resources/resourcefulness •New market (“reach exceeds grasp”) •New form of organization •Value creation
  3. 3. Social Entrepreneur Agents of change: • Not to be confused with for-profit firms trying to be socially responsible. E. g. Body Shop • Mission to create/sustain social value • New opportunities for pursuit of mission • Innovation, adaptation, and learning • Not limited by resources currently in hand • Accountability to constituencies and outcomes created
  4. 4. Social entrepreneurship – why it’s such a big deal • Markets for ideas not necessarily efficient • The search for meaning in work – Senior executives dropping out of the rat race to focus on intrinsically rewarding experiences • Trends in spending and budgets by the traditional actor: government • Increasing income inequality – Shift to a winner-take-most society
  5. 5. Social entrepreneurship – why it’s such a big deal • The paradox of corporate philanthropy – Businessmen are penny-pinchers in their corporate avatars, but can be pretty generous in private life • Gates Foundation – Tax breaks • Philanthropy is costless when tax-deductible! – Corporate social responsibility • Individual philanthropy sidesteps the controversies surrounding corporate philanthropy
  6. 6. Social entrepreneurship – why it’s such a big deal • Microfinance – The most challenging of social ventures – One-third of the world’s population lives on a dollar a day – Microfinance involves providing small loans/investment to the world’s poorest; venture capital for those with zero collateral – e.g. Grameen Bank
  7. 7. Mike Bull says • the decline of state involvement in the planned provision of services in society;and conceptualisation of the “market” (Mulgan, 2006); • the focus of a culture that emphasises self-reliance and personal responsibility and the rise of entrepreneurship more generally (Scase and Goffee, 1980;Kuratko, 2005) • changes in funding opportunities within the community, voluntary and non-profit (social) sectors – specifically the move from grant giving to contract/competitive tendering and the devolution, deregulation and privatisation of welfare states globally (Pearce, 2003; Goerke, 2003).
  8. 8. Heros and Mavericks Social Entrepreneurs Ego’s, machismo Thanks to Dave Dawes of Entreprenurses for the graphics
  9. 9. The problem (sexy thing about) with entrepreneurs • Dislike bureaucracy & paperwork • Love risk • Extremely creative • Bend and break rules • Get bored easily • Very difficult to manage
  10. 10. Difficult childhood?..............
  11. 11. Difficult to manage?..............
  12. 12. Often chaotic?.........
  13. 13. A poor manager?..........
  14. 14. Need a lot of space?.........
  15. 15. Stubborn?..................
  16. 16. Creative /deviant
  17. 17. A networker?.................
  18. 18. outcome-focused not processed-focused
  19. 19. A risk taker?...................
  20. 20. “ A patient is the most important person in our hospital. He is not an interruption to our work, he is the purpose of it. He is not an outsider in our hospital, he is part of it. We are not doing a favour by serving him, he is doing us a favour by giving us an opportunity to do so.” Mahatma Gandhi - Bombay Hospital Mission Statement Unwavering values and principles?..
  21. 21. Then you are probably one of us!...
  22. 22. The UnLtd social entrepreneur • Pro-risk, “opportunist” tendencies. • Self-determined goals. • Resistance to formal education system. • A vocal conscience and the desire to be a “change • Restlessness. activist.” • Strong influence of socially- • Strong support network. minded individual during youth. • Self confidence. • Spiritual identity. • Entrepreneurial approach to problem solving/challenges. • Experience as an outsider. • Pivotal life moment(s).
  23. 23. Flawed heros • They have vices (ie chain smoking); they use expletives, and have fought personal battles to overcome violent behaviours when they’re upset; they can exhibit egotistical, even racist tendencies. More than one whom I met this summer had been institutionalized. • Were they at the head of their class? No. (Well, two of them were, but both subsequently left college.) Did they excel at everything they ever did? No. In some cases, past failures outnumbered successes. • Are they great managers or employees? Not necessarily. Some have been fired from jobs; others have quit and/or burned bridges upon departure. • Do they do it for the glory? No, but many revel in recognition and appreciate public praise…. and some have been accused by friends, colleagues, and their own volunteers of being immature, possessive, self- absorbed, dictating, control freaks.
  24. 24. Superheros and mavericks
  25. 25. BUT???? • Do Social Entrepreneurs – Act alone? – Struggle against the system? – Invent entirely new ways of doing things? • Are they – saviours of public and private business failure? (Evers, 2001; Nicholls, 2006; Westall and Chalkley, 2007) – the answer to “worklessness”, social isolation and inequality (Organisation for Economic Co-operation and Development, 2006), – the quick fix for societies’ ills (Bull, 2008) – Social entrepreneurs or social enterprises?