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Social entrepreneurship
- 1. SOCIAL ENTREPRENEURSHIP Presented by: Aarti Sirohi Pranab Kishor
- 2. OUTLINE 1. What is Entrepreneurship ? 2. What is Social Entrepreneurship ? 3. Characteristics of Social Entrepreneurship 4. Process of Social Entrepreneurship 5. Examples
- 3. WHAT IS ENTREPRENEURSHIP? Process of actions of an entrepreneur who always search of something new and exploits such ideas into gainful opportunities by accepting the risk and uncertainty with the enterprise.
- 4. WHAT IS SOCIAL ENTREPRENEURSHIP? • Combination of commerce with social issues • Aren’t only concerned with profits • Success is defined by how their business improves the world • Unlike nonprofits, social entrepreneurship still earns a profit, but the focus is placed on social or environmental change made while earning that profit.
- 5. Entrepreneurs are innovative, highly-motivated, and critical thinkers. When these attributes are combined with the drive to solve social problems, a ‘social entrepreneur’ is born.
- 6. ENTREPRENEUR •Desire for responsibility •Preference for moderate risk •Self-reliance •Confidence in their ability to succeed •Determination •Desire for immediate feedback •High level of energy •Future orientation SOCIAL ENTREPRENEUR CHARACTERISTICS • Ambitious • Missionaries • Strategic • Resourceful • Result Oriented • Sensitive towards society
- 7. Finding Opportunity Developing Business Concept Figuring out Success & How to measure it Acquiring Right Resources Launch & Grow PROCESS
- 8. •Adopting a mission to create and sustain social value •Searching for and pursuing new opportunities to serve that mission •Continually innovating, adapting, and learning in pursuit of the mission •Acting boldly without consideration of resources current in hand •Being accountable for outcomes of activities SOCIAL ENTREPRENEURS – CHANGE AGENTS
- 9. EXAMPLES
- 10. TOMS • Founded: 2006 • Industry: Retail • HQ: California, US • CEO: Blake Mycoskie • Products: Shoes, clothing, eyewear, coffee, shirts
- 11. TOMS • TOMS arguably put social entrepreneurship on the map •TOMS has a simple but clear USP: “One for one” • For every $3 we make, they give $1 away • Buy a pair of shoes, and TOMS would give a pair to a child in need for every pair it sells • Also sells eyewear & donates to a charity that helps restore sight to people in developing countries
- 12. AARUSHI BATRA • Founded ROBIN HOOD ARMY • Founded: 26 August 2014 • Motto: "Serve the Hungry Citizen“ • Focus: Hunger alleviation • HQ: New Delhi • Geographic scope: India • Across 12 countries • Volunteer-based organization • Aims at providing surplus food to the less fortunate • Provided food to over 5 million people world wide
- 13. PATAGONIA • Founded: 1973 • Industry: Retail • HQ: California, US • Founder: Yvon Chouinard • Products: clothing, bags, outdoor gear etc
- 14. •One of the 1st Benefit Corporation • Rigorous standards of social and environmental performance, accountability, and transparency •Uses ethically sourced materials •Patagonia commits 1% of its total sales to environmental groups •In 2017, the company was recognized for its innovative family/maternity leave policies •Famous for their Worn Wear Initiative •In 2016 Pledged to contribute 100% of sales from Black Friday to environmental organizations, totaling $10m PATAGONIA
- 15. THANK YOU
Editor's Notes
- Aren’t wild risk takers instead calculated risk takers Meets the needs unmet by government or commercial markets Motivated by social benefits Usually work with the market not against them