This is the first session of 3 consecutive sessions covering the Topics of Entrepreneurship and Small Business Management conducted for Pearson's BTEC in Business Management.
In this lecture we capture the essence of Entrepreneurship. Types of entrepreneurs and an emphasis on the concept of Social Entrepreneurship.
Entrepreneurship 1: Introduction, Identifying Ides & Business OpportunitiesBernard Leong
The first of my course touches on the definition on entrepreneurship, the different forms of entrepreneurship, how countries measure growth of entrepreneurship activity, and the first toolkit: how to identify ideas and business opportunities. We also provide some interesting case studies for example, Aravind Eye Centre for social entrepreneurship. This is a series based on a course "MPS 812: Entrepreneurship" I have been teaching in School of Physical & Mathematical Sciences, Nanyang Technological University.
Entrepreneurship 1: Introduction, Identifying Ides & Business OpportunitiesBernard Leong
The first of my course touches on the definition on entrepreneurship, the different forms of entrepreneurship, how countries measure growth of entrepreneurship activity, and the first toolkit: how to identify ideas and business opportunities. We also provide some interesting case studies for example, Aravind Eye Centre for social entrepreneurship. This is a series based on a course "MPS 812: Entrepreneurship" I have been teaching in School of Physical & Mathematical Sciences, Nanyang Technological University.
Entrepreneurial Management (EM 01) - EntrepreneurshipSuhas Dutta
This deck covers the definition of Entrepreneurship and what is means according to various thinkers, and what implications it might have. This is the second deck.
Part of the course on Entrepreneurial Management that I taught at Bangalore University last Spring (2014).
as an entrepreneur is getting into business there difficulties in order to penetrate the chosen market or business. it has solutions in how to overcome the barriers.
Opportunity Seeking In Entrepreneurship, Spotting Business OpportunitiesJorge Saguinsin
This is a lecture for entrepreneurship elective in Ateneo Graduate School in the Philippines, a leading school in MBA education. The presentation has been uploaded at slideshare for the convenience and ease of access of present and former students for the said elective. Since the presentation has been updated, the students get the newest and latest.
The most difficult part in any entrepreneurial venture is determine which business to get into. This is often stymied mostly, by seeming overcrowding and lack of opportunity in the market place. The presentation says that there are many ways to seek for those opportunities.
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
Entrepreneurial Management (EM 01) - EntrepreneurshipSuhas Dutta
This deck covers the definition of Entrepreneurship and what is means according to various thinkers, and what implications it might have. This is the second deck.
Part of the course on Entrepreneurial Management that I taught at Bangalore University last Spring (2014).
as an entrepreneur is getting into business there difficulties in order to penetrate the chosen market or business. it has solutions in how to overcome the barriers.
Opportunity Seeking In Entrepreneurship, Spotting Business OpportunitiesJorge Saguinsin
This is a lecture for entrepreneurship elective in Ateneo Graduate School in the Philippines, a leading school in MBA education. The presentation has been uploaded at slideshare for the convenience and ease of access of present and former students for the said elective. Since the presentation has been updated, the students get the newest and latest.
The most difficult part in any entrepreneurial venture is determine which business to get into. This is often stymied mostly, by seeming overcrowding and lack of opportunity in the market place. The presentation says that there are many ways to seek for those opportunities.
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
This lesson will teach you the basics of entrepreneurship beginning with what role it plays in society and the economy. You will also know key concepts of common and core competencies which are required skills to become a successful entrepreneur. You will be able to understand the pros and cons of being an entrepreneur as compared to being an employee. A total persona of an entrepreneur will be included to you, including the characteristics, behaviors, activities, values, and mindset. Last, you will be exposed to the various exciting career opportunities in line with being an entrepreneur.
Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a business
enterprise, along with any of its uncertainties in order to make a profit. The most prominent
example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital
can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and
is an indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to establish,
administer and succeed in a startup venture along with risk entitled to it, to make profits. The
best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas
in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the
profits that an entrepreneur makes is with a combination of land, natural resources, labour
and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals
with all the risks that go with it can become an Entrepreneur.
What are the 4 Types of Entrepreneurship?
It is classified into the following types:
Small Business EntrepreneurshipThese businesses are a hairdresser, grocery store, travel agent, consultant, carpenter,
plumber, electrician, etc. These people run or own their own business and hire family
members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking
small business loans or loans from friends and family.
Scalable Startup EntrepreneurshipThis start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
Large Company EntrepreneurshipThese huge companies have defined life-cycle. Most of these companies grow and sustain by
offering new and innovative products that revolve around their main products. The change in
technology, customer preferences, new competition, etc., build pressure for large companies
to create an innovative product and sell it to the new set of customers in the new market. To
cope with the rapid technological changes, the existing organisations either buy innovation
enterprises or attempt to construct the product internally.
Soci
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
2. LEARNING OUTCOMES / OBJECTIVES
• UNDERSTANIDING THE DEFINITIONS AND
CONCEPT OF ENTREPRENUERSHIP
• IDENTIFYING AND EXPLORING THE TYPES
OF ENTREPRENUERSHIP
• DISCUSSING AND DEVELOPING
AWARENESS ON SOCIAL ENTERPRISE AND
SOCIAL ENTREPRENUERS.
3. NOT ALL
ENTREPRENEURS ARE
SMALL BUSINESS
OWNERS!
HERE ARE SOME
MULTI BILLIONAIRE
ENTREPRENEURS.
THEY HAVE BEEN THE
INSPIRATION FOR
MANY YOUNG
ENTREPRENEURS
TODAY
4.
5. ENTREPRENEUR
An Entrepreneur is one who identifies new opportunities or gaps in the market and
develops a visionary idea to create value and capture the opportunity, by taking risk
and responsibility of investing his / her own time, money, resources and effort to
ensure success of the project or idea.
ENTREPRENEURSHIP
An Entrepreneurship is the process undertaken by an entrepreneur to pursue an idea
involving high personal and financial risk and return, through effective and
efficient mangaing the available resources to support the success of the idea. It
involves a range of actions and efforts pursued by an Entrepreneur to make an idea
successful.
6.
7. WHAT FACTORS INFLUENCE ENTREPRENEURS
1. Need / Necessity
Usually many entrepreneurs have pursued to create their ventures out of Personal need.
2. Passion
When people are deeply passionate about an idea or concept they are inspired to create something through
that passion. Dilmah was born through a passion for Tea.
3. Problem / Discomfort
The issue we face and challenges we overcome sometimes spark an idea in us to help improve or fix the
problem. This problem could be faced by other people who would become customers. (E-Channeling)
4. Ego
Many times we experience some enterprises products or services and we think, "Oh that could be so much
better" - "I could do this in a much better way" , this spark becomes the inspiration for some entrepreneurs
8. In 2019, Global Entrepreneurship Index for Sri Lanka was 19.1 index. Global
entrepreneurship index of Sri Lanka fell gradually from 31.1 index in 2015 to
19.1 index in 2019.
Entrepreneurship is a key driver for any economy. Sri Lanka has a very low
presence of entrepreneurs in the market numbering less than 1.5% of the
population. This compared to some of the other countries in the Asian region
such as Vietnam and Thailand is very low.
Entrepreneurship and the future focus of Sri Lanka | Daily FT
9. 1. Entrepreneurs Create New Businesses
Path-breaking offerings by entrepreneurs, in the form of new goods and services, result in new
employment, which can produce a cascading effect or virtuous circle in the economy. The stimulation of
related businesses or sectors that support the new venture add to further economic development.
2. Entrepreneurs Add to National Income
Entrepreneurial ventures literally generate new wealth. Existing businesses may remain confined to the
scope of existing markets and may hit the glass ceiling in terms of income. New and improved offerings,
products or technologies from entrepreneurs enable new markets to be developed and new wealth created.
3. Entrepreneurs Also Create Social Change
Through their unique offerings of new goods and services, entrepreneurs break away from tradition and
indirectly support freedom by reducing dependence on obsolete systems and technologies. Overall, this
results in an improved quality of life, greater morale and economic freedom.
4. Community Development
Entrepreneurs regularly nurture entrepreneurial ventures by other like-minded individuals. They also invest
in community projects and provide financial support to local charities. This enables further development
beyond their own ventures.
THE IMPORTANCE OF ENTREPRENEURSHIP
10. CHARACTERISTICS OF AN ENTREPRENEUR
• Purposeful : Has strong conviction in why they pursue an Idea
• Visionary : They have a clear picture of what they want to create
• Optimistic : They are positive of what they are trying to create
• Analytical : Ability to analyse and find strong Niches
• Confident : Despite uncertaininty they will stand by the idea and work hard for it
• Creative : Ability to find innovative solutions to mundane and complicated issues
• Passionate : They are deeply passionate for the work they do
• Decisive : They know that their decisions have its consequences but they are decisive
• Flexible : Agility is the name of the game in unexplored markets
• Nurturing : Excellent at building networks & relationships
11. BENEFITS OF BEING AN
ENTREPRENEUR
• Opportunity of gain control over your own destiny
• Opportunity to reach your full potential
• Opportunity to reap unlimited profits
• Opportunity to contribute to society & be recognized
for your effort
• Opportunity to do what you enjoy
12.
13. Intrapreneurs
someone in an existing organization whoturns new ideasinto profitablerealities Intrapreneursnotice opportunitiesand
take initiativeto mobilize resources, however they work in large companies and contribute to the innovationof the firm.
Not every employee has the abilityto become a successful Intrapreneur.It takes welldevelopedstrategic action, teamwork
and communicationabilities.an intrepreneur(also intrapreneur)is a person who possesses such skill but is working within a
company or organization.
• Intrepreneurs are usuallyencourages to develop their ideasinto a workable product by the companies they work for.
• Like an entrepreneur, an intrepreneuris motivated,creative, and able to think outside of the box.
14. TYPES OF ENTERPRISE (Entreprise Typology)
Sole
Properitorship
Partnership
Private Limited
Company
Public Limited
Company
Offshore
Companies
Foreign
Branches
Typologies of entrepreneurshipventures, can be described as classification of a group or a class, having
characteristics in common, on the basis of general type, structure, form, style, plan, etc. The four types
of typologies found in entrepreneurship arementioned below:
Small Business
Entrepreneurship
Scalable Startup
Entrepreneurship
Large Company
Entrepreneurship
Social
Entrepreneurship
These types of enterprisesare relevant in the context for anyone operating a registered businessin Sri Lanka
15. TYPES OF ENTREPRENEURS : CLARENCE DANHOF
AGGRESSIVE / INNOVATIVE
These entrepreneurs have the ability to think newer, better and more economical ideas of business, organization and management.
They are characterized by the smell of innovativeness, and they are aggressive in experimentation and in putting attractive
possibilities into practice.
IMITATIVE / ADAPTIVE
These entrepreneurs imitate the existing entrepreneurs and setup their enterprise in the same manner. Instead of innovating, they
just imitate the technology and methods innovated by others. These entrepreneurs face lesser risks and uncertainty then
innovative entrepreneurs.
FABIAN
They are very much skeptical in their approach in adopting or innovating new technology in their enterprise and they love to
remain in the existing business with the age-old techniques of production. They adopt new technologies only when there are not
options left to survive in the business venture.
DRONE
Drone entrepreneurs refuse to copy or use opportunities that come on their way. In fact, these entrepreneurs are very
conservative; they always feel comfortable with their old-fashioned technology of production. They are laggards as they continue
to operate in their traditional way and resist changes.
Clarence Denhof Classifies entrepreneurs on the basis of stage of economic development: some others have
classified on the basis of their functions and characteristics. In the initial stages of economic development,
entrepreneurs tend to have less initiative and drive. As development proceeds, they become more innovating
and enthusiastic.
16.
17. SOCIAL ENTREPRENEUR
These are entrepreneurs who are dedicated a to a cause of social development and not onlyprofits!Their entrepreneurial efforts are strongly
dedicated towards social impact driven initiatives,These entreprenuers mayhavevery successful enterprises not measured onlybyrevenue but also
by the level of Impact created.In today's world this has become a thrivingformof entrepreneurship which has shifted the image of
entrepreneurshipofnot onlya profit driven process but also a sociallyresponsible process.
SOLOPRENEUR
These are entreprenuers who run a one man or one woman show – A solo effort is what creates the enterprise.In today's social media driven world
Solopreneurs have been rapidlyincreasingwith individualswho are sellingtheir Products,Services or Ideas over Social Media. #SocialMedia
#Influencers
LIFESTYLE ENTREPRENEUR
Lifestyle entreprenuers can be Solo,a couple or a group of people who are dedicated towards keepingan enterprise rnnningjust to sustain a
particular lifestyke theychose to have.The entire purpose ofthe venture is not driven towards capitalizingon newer oopportunities or growth – but
ensuringthe required lifestyle is sustained.An examle ofthis would be some of the Digital Nomads.These initiatives cannot operate withnout the
creator and generallytheyperish alongwith the people who created them.
SERIAL ENTREPRENEUR
These are entrepreneurs who pursue more than one Entrepreneurial venture – theyinvest their time, skills,effort and resources across a series of
varied enterprisingefforts – Usuallyacross different industries.Theyenjoythe diverstyand securitywith havingmultiple sources ofincome where
they are part of the decision making process.
GROWTHPRENEURS
These are entrepreneurs who are highlymotivated to achieverapid and continuous growth through their efforts and time.They want to scale an
idea from Incubation to growth as fast as possible and probablysell out at Growth stage and moveto build the next scalableidea. Theyare mostly
focused on the numbers and the business growth only,
DIFFERENT TYPES OF ENTREPRENEURS
18. What is Social Entrepreneurship?
Social entrepreneurship is, at its most basic
level, doing business for a social cause. It might
also be referred to as altruistic entrepreneurship.
Social entrepreneurs combine commerce and
social issues in a way that improves the lives of
people connected to the cause. They don’t
measure their success in terms of profit alone –
success to social entrepreneurs means that they
have improved the world, however they define
that.
19. CHARACTERISTICS OF
SOCIAL ENTREPRENEURSHIP
According to the Schwab Foundationfor Social Entrepreneurship,
social entrepreneursshare several characteristicsthey:
• Achieve large scale social change.
• Focus on the social or ecologicalchange they want to make
while earning money to support the change.
• Innovatewhen looking for a solutionto a social problem.
• Measure success with Impact and not just by revenue, profits
or financialgrowth.
• Use feedback to adapt and refine.
20.
21. Forms of Social Entrepreneurship
Community Project
A community project is a relatively small-scale effort to address an issue within a specific community. Social, environmental and
economic issues are the primary focus of most community projects, but the interpretations of what this means can be quite broad.
Anything from an effort to build a community garden in an affluent suburb to the organization of a volunteer fire department in a
poverty-stricken rural area can fall under the umbrella of a social entrepreneurship community project.
Non-profit Organization
The exact structure of a non-profit organization is likely to differ based on legal jurisdiction, but on the whole, non-profit
organizations exist not to generate revenue for shareholders and stakeholders but to create an enterprise focused on a specific
cause. One common misconception is that Non-profits don't pay people who work for them but that is not the case usually Non
Profit organizations pay well compesated salaries and weages.
Social Enterprise
Businesses that operate according to a specific social or charitable mission are known as social enterprises. These businesses are often
backed by a non-profit organization and may exist to further that organization’s goal and opportunity. For example, a charity that
focuses on the health and well-being of senior citizens may start a weekly craft fair that allows seniors to sell carpentry projects,
embroidery or baked goods as a way of generating some income. Social enterprises typically focus on providing a job skills training
opportunity program for marginalized or vulnerable people
Some businesses founded to both genrate profit nd affect some sort of change for the good of the general public
or a specific group of people in need of assistance. An organization that strives to strike an ideal balance between
for-profit organizations and non-profit programs is known as a social purpose business. These kinds of businesses
tend to attract impact investors.
Social Purpose Business
22. Business Model How it Works Examples
Buy One Give
One
Charge customers a market rate that allowsdonationto
beneficiary
TOMS, Warby Parker, Leesa, Parachute
Cross-
Subsidization
Offer free/low cost products services to beneficiaries
and pay for it by charging other customers a higher price
Dial 1298
Public Service
Outsourcing
Selling products / services to the publicsector to
increase innovationand efficient y of publicservices
EdTech
Bottom of the
Pyramid
Create a low-cost product / service that solves a specific
problem for low-income populations
D-Rev, Embrace, Bridge International
Academy; Grameenphone;Microfinance;
Two-Sided
Marketplace
Provide platform or services that connect beneficiaries
to new market opportunities
Etsy; Kickstarter; GoFundMe
Sharing Economy Providing beneficiaries access to capitalintensive
products
Zipcar
12 MOST COMMON SOCIAL BUSINESS MODELS.
23. Ethical Supply Chain Incorporate social and environmental
sustainabilityinto service/production
Method; Merge4; Mandala Naturals, Maiyet, Burt’s
Bees, Method
Shared Ownership Allow employees or customers to take an
ownership interest in company
King Arthur’s Flour; Persephone Brewing; Equal
Exchange
Direct Employment Hire beneficiaries that are
traditionallyunderemployed
Hotbread Kitchen
Consulting Services
to Mission-Driven
Orgs
Provide services to improve or scale social
impact
FSG; ArabellaAdvisors; Bridgespan,
Phil Communications;Geneva Global,Westaway
EnvironmentalSusta
inability
Sell products/services that improve
energy efficiency and sustainability
Solar City, HomeSol BuildingSolutions;5 Lakes
Energy; Power Dash Inc.
Donor Supported Revenue is generated from grants / donations charity: water, donorschoose.org, BUILD
12 MOST COMMON SOCIAL BUSINESS MODELS.
(continued)