SlideShare a Scribd company logo
Bishop’s University
Social Entrepreneurship
Creating Change in the Global Community
Topics in Entrepreneurship
For: Steve Karpenko
BMG 320
By:
Adam Hargreaves,
Rebecca Knox
April 8th
, 2015
2	
   Social	
  Entrepreneurship	
  
Table of contents
1.0 Abstract
2.0 What is a social enterprise?
2.1 Entrepreneurship definition
2.2 Social Entrepreneurship Definition
2.3 Types of Social Ventures
2.4 Why is it needed?
3.0 History of Social Entrepreneurship
3.1 Early Social Entrepreneurship
3.2 Modern Social Entrepreneurship
4.0 Financial Constraints
4.1 Government Grants
4.2 Crowdfunding
4.3 Venture Philanthropy
5.0 How Can the Field Attract Talented Workers?
5.1 What Are We Looking For?
5.2 “Mass Recruiters”
5.3 A Case: Teach For America
6.0 How Government & Social Entrepreneurs Work Together
6.1 What is Currently Happening?
6.2 What Government Can Do
7.0 How Do Schools Nurture Social Entrepreneurship
7.1 University Level
7.2 Earlier Years
7.3 Where Can We Go From Here?
8.0 Discussion
	
  
	
  
	
  
1.0	
  Abstract	
  
The primary goals with regards to our research were to define in our own terms what
constitutes being a social entrepreneur- essentially being an entrepreneur with social
causes being at the forefront. Additionally, we hoped to learn from this research so that
we may begin to create a dialogue surrounding the creation of a unique Canadian model
for needs specific to our communities.
We found the use of a social enterprise can achieve not just social but financial
growth all while improving the community. We have looked at specific cases of social
entrepreneurs to attempt to assess what they have done right and where they could have
used help. Through assessing these cases of success and failure stories, we hoped to
gather knowledge so that we can ground it in our own cultural backgrounds and
eventually present ideas on how to establish a social enterprise within our communities.
We researched both quantitative as well as qualitative data as we felt this would
help us paint a better picture of the social enterprise atmosphere in Canada. We focused
our research on six main ideas within the spectrum related to social entrepreneurship.
Each one of these sections deals with a specific aspect of a social enterprise- each serving
it’s own important function within the well-oiled machine that is social entrepreneurship.
	
  
	
  
	
  
	
  
	
  
	
  
4	
   Social	
  Entrepreneurship	
  
2.0	
  What	
  Is	
  A	
  Social	
  Enterprise?	
  
2.1	
  Entrepreneurship	
  Definition	
  
To	
  understand	
  Social	
  entrepreneurship	
  we	
  first	
  would	
  like	
  to	
  define	
  
entrepreneurship	
  to	
  help	
  in	
  comparing	
  and	
  contrasting	
  the	
  two.	
  Entrepreneurship	
  is	
  
“the	
  process	
  of	
  creating	
  value	
  by	
  bringing	
  together	
  a	
  unique	
  package	
  of	
  resources	
  to	
  
exploit	
  an	
  opportunity.”(Forbat,	
  2007).	
  The	
  main	
  goal	
  of	
  typical	
  entrepreneurship	
  is	
  
to	
  maximize	
  profits	
  and	
  shareholders	
  wealth.	
  	
  
	
  
2.2	
  Social	
  Entrepreneurship	
  Definition	
  
In	
  its	
  simplest	
  form	
  social	
  entrepreneurship	
  is	
  “the	
  use	
  of	
  business	
  practices	
  and	
  
techniques	
  in	
  an	
  attempt	
  to	
  solve	
  social	
  problems	
  in	
  a	
  sustainable	
  way.”(The	
  new	
  
Heroes,	
  2005).	
  How	
  this	
  concept	
  is	
  applied	
  to	
  actual	
  real	
  world	
  situations	
  ranges	
  
tremendously.	
  	
  
The	
  definition	
  for	
  social	
  entrepreneurship	
  has	
  long	
  been	
  debated	
  amongst	
  
the	
  business	
  community	
  as	
  to	
  what	
  exactly	
  makes	
  a	
  social	
  enterprise	
  count	
  as	
  a	
  
social	
  and	
  not	
  a	
  business	
  enterprise.	
  So	
  far	
  there	
  has	
  not	
  been	
  a	
  consensus	
  as	
  to	
  
what	
  makes	
  a	
  social	
  entrepreneur.	
  Does	
  any	
  business	
  count	
  as	
  a	
  social	
  enterprise	
  
because	
  they	
  hire	
  people,	
  reducing	
  unemployment?	
  We	
  argue	
  no,	
  a	
  company	
  that	
  
introduces	
  potato	
  chips	
  to	
  China	
  would	
  not	
  be	
  considered	
  a	
  social	
  entrepreneur	
  
even	
  though	
  they	
  hire	
  thousands	
  of	
  people.	
  A	
  better	
  definition	
  of	
  social	
  
entrepreneurship	
  is	
  a	
  process	
  where	
  people	
  build	
  or	
  change	
  institutions	
  to	
  advance	
  
solutions	
  to	
  social	
  problems,	
  such	
  as	
  illiteracy,	
  illness,	
  human	
  rights,	
  environmental	
  
destruction	
  and	
  corruption	
  with	
  the	
  purpose	
  of	
  improving	
  life.	
  (Bornstien	
  &	
  Davis.	
  
2010).	
  Not	
  just	
  trying	
  to	
  fix	
  but	
  understanding	
  how	
  an	
  issue	
  relates	
  to	
  society	
  allows	
  
social	
  entrepreneurs	
  to	
  develop	
  ingenuous	
  solutions	
  and	
  to	
  mobilize	
  resources	
  to	
  
help	
  society.	
  Unlike	
  traditional	
  businesses,	
  social	
  enterprises	
  focus	
  on	
  the	
  
maximization	
  of	
  social	
  betterment,	
  rather	
  than	
  maximizing	
  profit	
  gains.	
  (Baron	
  &	
  
Davis.	
  2010).	
  	
  
	
  
2.3	
  Types	
  of	
  Social	
  Ventures	
  
In	
  “The	
  Power	
  Of	
  Unreasonable	
  people”,	
  John	
  Elkington	
  and	
  Pamela	
  Hartigan	
  
categorize	
  social	
  entrepreneurs,	
  business	
  structures	
  as	
  falling	
  under	
  three	
  different	
  
models,	
  varying	
  between	
  situations	
  and	
  economic	
  climates.	
  The	
  three	
  models	
  are,	
  
leveraged	
  non-­‐profit,	
  hybrid	
  non-­‐profit	
  and	
  social	
  businesses.(Elkington	
  &	
  Hartigan.	
  
2007).	
  A	
  leveraged	
  non-­‐profit	
  venture	
  needs	
  external	
  financing	
  in	
  order	
  to	
  operate	
  
and	
  provide	
  a	
  public	
  good.	
  On	
  the	
  other	
  hand,	
  a	
  hybrid	
  non-­‐profit	
  venture	
  retains	
  a	
  
portion	
  of	
  its	
  profits	
  in	
  order	
  to	
  maintain	
  operations	
  and	
  further	
  social	
  good.	
  Finally	
  
a	
  social	
  business	
  venture	
  generates	
  profits,	
  the	
  difference	
  being	
  they	
  reinvest	
  this	
  
profit	
  to	
  further	
  social	
  benefits	
  instead	
  of	
  returning	
  the	
  profits	
  to	
  their	
  shareholders.	
  
.(Elkington.	
  &	
  Hartigan.	
  2007).	
  Companies	
  may	
  transition	
  between	
  stages	
  as	
  they	
  
grow,	
  starting	
  as	
  a	
  leveraged	
  non-­‐profit	
  until	
  they	
  eventually	
  have	
  enough	
  profits	
  to	
  
be	
  self-­‐sustainable	
  and	
  become	
  a	
  Social	
  Business	
  venture.	
  	
  
	
  
2.4	
  Why	
  is	
  it	
  Needed?	
  
Why	
  have	
  social	
  enterprises?	
  Why	
  not	
  use	
  regular	
  business	
  or	
  the	
  government	
  to	
  
solve	
  these	
  social	
  issues?	
  One	
  reason	
  social	
  entrepreneurship	
  is	
  needed	
  is	
  most	
  
6	
   Social	
  Entrepreneurship	
  
businesses	
  will	
  look	
  at	
  a	
  social	
  problem	
  and	
  not	
  see	
  large	
  profit	
  growth	
  therefore	
  
will	
  not	
  waste	
  investor	
  capital	
  on	
  this	
  venture.	
  Business	
  entrepreneurships	
  need	
  to	
  
maximize	
  shareholder	
  wealth	
  once	
  publicly	
  listed	
  and	
  social	
  programs	
  don’t	
  always	
  
have	
  the	
  highest	
  monetary	
  return.	
  The	
  reason	
  we	
  cant	
  rely	
  on	
  Government	
  to	
  solve	
  
these	
  problems	
  is	
  typically	
  governments	
  term	
  is	
  four	
  years,	
  which	
  leads	
  to	
  a	
  
constant	
  cycle	
  of	
  people	
  starting	
  projects	
  and	
  not	
  completing	
  them	
  or	
  only	
  
producing	
  short	
  term	
  solutions	
  to	
  be	
  re-­‐elected	
  in	
  the	
  next	
  term.	
  Social	
  
entrepreneurs	
  on	
  the	
  other	
  hand	
  are	
  focused	
  on	
  the	
  social	
  return	
  and	
  are	
  willing	
  to	
  
have	
  slow	
  profit	
  growth	
  and	
  will	
  stay	
  with	
  the	
  project	
  till	
  a	
  solution	
  is	
  met,	
  this	
  leads	
  
to	
  more	
  sustainable	
  and	
  long-­‐term	
  solutions.	
  
Another	
  reason	
  people	
  may	
  want	
  to	
  start	
  looking	
  into	
  social	
  
entrepreneurship	
  is	
  due	
  to	
  ‘Deloitte’s	
  global	
  2015	
  millennial	
  survey’,	
  which	
  found	
  
that	
  Millennials	
  believe	
  a	
  successful	
  business	
  should	
  be	
  measured	
  in	
  more	
  then	
  just	
  
financial	
  performance,	
  but	
  also	
  believe	
  businesses	
  should	
  seek	
  to	
  improve	
  society.	
  
Millennials	
  are	
  also	
  very	
  charitable	
  and	
  strive	
  to	
  improve	
  social	
  life;	
  63	
  percent	
  of	
  
Mellennials	
  have	
  donated	
  to	
  charity,	
  43	
  percent	
  have	
  actively	
  volunteered	
  and	
  52	
  
percent	
  have	
  signed	
  petitions.	
  (Deloitte,2015).	
  What	
  this	
  means	
  for	
  business	
  owners	
  
is	
  the	
  next	
  generation	
  of	
  the	
  workforce	
  doesn’t	
  want	
  to	
  work	
  for	
  the	
  typical	
  “greedy”	
  
business	
  world.	
  They	
  want	
  to	
  be	
  part	
  of	
  a	
  company	
  that	
  attempts	
  to	
  improve	
  the	
  
world.	
  Therefore	
  in	
  order	
  to	
  attract	
  future	
  leaders	
  companies	
  need	
  to	
  become	
  social	
  
enterprises	
  that	
  serve	
  a	
  higher	
  purpose	
  as	
  well	
  as	
  produce	
  profits.	
  	
  
	
  
	
  
 
3.0	
  History	
  of	
  Social	
  Entrepreneurship	
  
Credit	
  for	
  popularizing	
  the	
  term	
  “Social	
  Entrepreneurship”	
  can	
  be	
  given	
  to	
  William	
  
Drayton,	
  founder	
  of	
  Ashoka	
  the	
  world’s	
  first	
  organization	
  to	
  promote	
  social	
  
entrepreneurship.	
  During	
  a	
  visit	
  to	
  India	
  in	
  the	
  early	
  1980’s	
  Drayton	
  was	
  inspired	
  
by	
  Vinoda	
  Bhave’s	
  “land	
  gift	
  movement”,	
  which	
  aimed	
  to	
  break	
  the	
  poverty	
  cycle	
  by	
  
getting	
  the	
  richer	
  people	
  to	
  give	
  their	
  land	
  up	
  so	
  it	
  could	
  be	
  more	
  fairly	
  distributed	
  
to	
  the	
  less	
  wealthy	
  people.	
  The	
  success	
  of	
  this	
  movement	
  showed	
  Drayton	
  the	
  
effectiveness	
  of	
  social	
  entrepreneurship	
  in	
  making	
  change	
  for	
  the	
  
better.(Leadbeater,	
  1996).	
  Ashoka	
  is	
  now	
  a	
  worldwide	
  company	
  promoting	
  the	
  idea	
  
of	
  creating	
  social	
  change	
  through	
  the	
  use	
  of	
  an	
  informative	
  website.	
  Ashoka	
  offers	
  
advice	
  on	
  financing	
  and	
  support	
  for	
  social	
  entrepreneurs	
  in	
  all	
  different	
  types	
  of	
  
economic	
  climates	
  around	
  the	
  world.	
  	
  
	
  
3.1	
  Early	
  Social	
  Entrepreneurship	
  
Although	
  the	
  term	
  was	
  only	
  made	
  popular	
  35	
  years	
  ago	
  social	
  entrepreneurs	
  have	
  
always	
  existed,	
  in	
  the	
  past	
  however	
  they	
  were	
  called	
  visionaries,	
  humanitarians,	
  
philanthropists	
  or	
  saints.	
  (Bornstein	
  &	
  Davis.	
  2010).	
  Some	
  early	
  pioneers	
  of	
  social	
  
entrepreneurship	
  are:	
  	
  
	
  
1.	
  Robert	
  Owen	
  (1771-­‐1858)	
  –	
  This	
  mill	
  owner	
  was	
  a	
  pioneer	
  in	
  the	
  social	
  
entrepreneurship	
  movement.	
  He	
  improved	
  working	
  conditions	
  at	
  factories;	
  he	
  also	
  
laid	
  the	
  foundation	
  of	
  the	
  cooperative	
  movement	
  by	
  starting	
  a	
  store	
  for	
  factory	
  
8	
   Social	
  Entrepreneurship	
  
workers	
  to	
  buy	
  goods	
  for	
  a	
  little	
  more	
  then	
  wholesale	
  price.	
  Leading	
  to	
  a	
  better	
  
quality	
  of	
  life	
  for	
  all	
  his	
  workers.	
  (Owen,	
  1908)	
  
	
  
2.	
  Florence	
  Nightingale	
  (1820-­‐1910)	
  –	
  Arguably	
  one	
  of	
  the	
  most	
  famous	
  social	
  
entrepreneurs	
  in	
  history,	
  Florence	
  founded	
  the	
  first	
  nursing	
  school	
  and	
  outlined	
  
modern	
  nursing	
  practices.	
  This	
  has	
  saved	
  countless	
  lives	
  and	
  continues	
  to	
  today.	
  	
  
(Florence,	
  Nightingale,	
  2015)	
  
	
  
3.	
  William	
  Booth	
  (1829-­‐1912)	
  –	
  William	
  and	
  his	
  wife	
  started	
  the	
  East	
  London	
  
Christian	
  Mission	
  in	
  1865	
  to	
  bring	
  the	
  Christian	
  message	
  to	
  those	
  in	
  need	
  by	
  
meeting	
  their	
  physical	
  and	
  spiritual	
  needs.	
  He	
  later	
  rebranded	
  in	
  1878	
  to	
  Salvation	
  
Army	
  open	
  to	
  all	
  races,	
  and	
  needs.	
  (Salvation	
  Army,	
  2015).	
  	
  
	
  
	
  	
   In	
  the	
  past	
  Social	
  Entrepreneurs	
  were	
  typically	
  non-­‐profit	
  organizations	
  
relying	
  on	
  external	
  financing	
  to	
  continue	
  their	
  social	
  good.	
  This	
  method	
  can	
  work	
  
and	
  is	
  used	
  around	
  the	
  world	
  even	
  today	
  but	
  charitable	
  programs	
  tend	
  to	
  have	
  less	
  
long	
  lasting	
  effect	
  as	
  they	
  are	
  not	
  self	
  sustainable	
  and	
  are	
  constantly	
  looking	
  for	
  
more	
  funding.	
  This	
  all	
  started	
  to	
  change	
  as	
  we	
  entered	
  the	
  21st	
  century	
  and	
  social	
  
entrepreneurship	
  began	
  to	
  be	
  redefined,	
  no	
  longer	
  relying	
  on	
  others	
  to	
  remain	
  open	
  
but	
  finding	
  creative	
  ways	
  to	
  have	
  social	
  impact,	
  while	
  making	
  enough	
  profit	
  to	
  be	
  
sustainable.	
  
	
  
	
  
3.2	
  Modern	
  Social	
  Entrepreneurship	
  
In	
  later	
  years	
  social	
  entrepreneurships	
  have	
  changed	
  from	
  charitable	
  organizations	
  
to	
  actual	
  businesses	
  that	
  are	
  able	
  to	
  more	
  effectively	
  solve	
  social	
  problems	
  while	
  
still	
  being	
  self-­‐sustainable.	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  Technology	
  has	
  had	
  a	
  major	
  influence	
  in	
  social	
  entrepreneurship	
  becoming	
  a	
  
global	
  movement,	
  more	
  particularly	
  the	
  internet	
  and	
  social	
  networking	
  have	
  had	
  the	
  
largest	
  impact	
  allowing	
  social	
  entrepreneurs	
  to	
  collaborate	
  and	
  share	
  ideas	
  must	
  
faster	
  then	
  ever	
  before.	
  (Malecki,	
  1997).	
  The	
  Internet	
  has	
  enabled	
  social	
  
entrepreneurs	
  to	
  spread	
  their	
  ideas	
  globally	
  with	
  little	
  to	
  no	
  money	
  on	
  open	
  source	
  
websites,	
  this	
  has	
  lead	
  to	
  the	
  global	
  community	
  coming	
  together	
  to	
  solve	
  local	
  
problems	
  by	
  collaborating	
  online.	
  Some	
  examples	
  of	
  social	
  ventures	
  that	
  have	
  
succeeded	
  thanks	
  to	
  new	
  technology	
  include	
  companies	
  such	
  as	
  ‘Khan	
  Academy’.	
  
Khan	
  Academy	
  is	
  a	
  website	
  that	
  uses	
  instructional	
  videos	
  to	
  allow	
  anyone	
  with	
  
access	
  to	
  a	
  computer,	
  the	
  ability	
  to	
  learn	
  a	
  range	
  of	
  subjects	
  at	
  their	
  own	
  pace,	
  for	
  
zero	
  cost.	
  Khan	
  Academy’s	
  goal	
  is	
  to	
  increase	
  education	
  worldwide.	
  (Khan	
  Academy,	
  
2015).	
  	
  
Toms	
  shoes	
  also	
  became	
  a	
  global	
  brand	
  through	
  social	
  networking,	
  founded	
  
by	
  Blake	
  Mycoskie	
  in	
  Arlington	
  Texas,	
  it	
  is	
  a	
  for	
  profit	
  business,	
  Toms	
  social	
  swing	
  
is,	
  for	
  every	
  pair	
  of	
  shoes	
  sold	
  a	
  new	
  pair	
  is	
  given	
  to	
  an	
  impoverished	
  child,	
  “the	
  one	
  
for	
  one	
  concept”.	
  (Walkley.	
  2009).	
  Toms	
  spread	
  their	
  campaign	
  and	
  ideal	
  across	
  
social	
  media	
  and	
  quickly	
  became	
  one	
  of	
  the	
  most	
  well-­‐known	
  shoe	
  companies	
  in	
  the	
  
world,	
  using	
  their	
  social	
  movement	
  as	
  a	
  positive	
  marketing	
  tool.	
  Toms	
  has	
  expanded	
  
their	
  product	
  range,	
  now	
  supplying,	
  eye	
  exams,	
  birthing	
  classes	
  and	
  access	
  to	
  water	
  
10	
   Social	
  Entrepreneurship	
  
to	
  underprivileged	
  people	
  in	
  third	
  world	
  countries.	
  To	
  date	
  Toms	
  has	
  helped	
  restore	
  
sight	
  for	
  275,000	
  people,	
  supplied	
  67,000	
  weeks	
  of	
  safe	
  drinking	
  water	
  and	
  helped	
  
train	
  40	
  million	
  women	
  across	
  the	
  globe	
  on	
  safe	
  birthing	
  practices.	
  (Toms.ca,	
  2015).	
  
Toms	
  is	
  a	
  very	
  good	
  example	
  of	
  a	
  modern	
  social	
  business	
  venture	
  because	
  they	
  
make	
  a	
  large	
  profit	
  but	
  reinvest	
  a	
  majority	
  back	
  into	
  the	
  social	
  programs	
  they	
  have	
  
set	
  up.	
  	
  
	
  
4.0	
  Financial	
  Constraints	
  
Social	
  entrepreneurs	
  have	
  proven	
  that	
  they	
  are	
  able	
  to	
  improve	
  social	
  problems	
  and	
  
make	
  a	
  difference	
  but	
  are	
  often	
  hindered	
  by	
  a	
  lack	
  of	
  funding	
  and	
  have	
  trouble	
  
finding	
  traditional	
  investors	
  willing	
  to	
  invest	
  in	
  social	
  problems.	
  A	
  business	
  that	
  
does	
  not	
  promise	
  profits	
  within	
  five	
  to	
  seven	
  years	
  will	
  not	
  attract	
  traditional	
  
investment	
  no	
  matter	
  how	
  important	
  their	
  work	
  is.	
  Social	
  businesses	
  are	
  typically	
  
able	
  to	
  be	
  self-­‐sustainable	
  once	
  up	
  and	
  running	
  but	
  for	
  the	
  non-­‐profit	
  social	
  
enterprises	
  they	
  rely	
  on	
  foundations,	
  philanthropists	
  or	
  governments,	
  all	
  options	
  
typically	
  consisting	
  of	
  modest	
  sized	
  investments	
  that	
  are	
  relatively	
  short	
  term.	
  
(Bornstein	
  &	
  Davis.	
  2010).	
  	
  Social	
  entrepreneurs	
  have	
  a	
  hard	
  time	
  receiving	
  
traditional	
  finance	
  due	
  to	
  their	
  business	
  plan,	
  which	
  puts	
  social	
  impact	
  at	
  the	
  top	
  of	
  
its	
  priorities,	
  compared	
  to	
  traditional	
  businesses	
  that	
  are	
  focused	
  on	
  monetary	
  
return.	
  Social	
  entrepreneurs	
  have	
  difficulty	
  receiving	
  funding	
  from	
  governments,	
  as	
  
they	
  typically	
  like	
  to	
  pay	
  for	
  services	
  as	
  they	
  are	
  delivered,	
  rather	
  then	
  investing	
  in	
  a	
  
long-­‐term	
  solution.	
  (Bornstein	
  &	
  Davis.	
  2010).	
  A	
  new	
  form	
  of	
  financing	
  has	
  started	
  
to	
  emerge	
  called	
  venture	
  philanthropy,	
  a	
  type	
  of	
  venture	
  capitalist	
  who	
  seeks	
  social	
  
impact	
  over	
  monetary	
  growth.	
  (Weiss	
  &	
  Clark.	
  2015).	
  Although	
  this	
  new	
  type	
  of	
  
investment	
  is	
  exciting	
  for	
  the	
  world	
  of	
  social	
  entrepreneurship	
  it	
  is	
  still	
  in	
  its	
  early	
  
stages	
  and	
  not	
  very	
  many	
  venture	
  philanthropists	
  institutions	
  exist.	
  Social	
  
entrepreneurs	
  are	
  starting	
  to	
  combine	
  all	
  the	
  different	
  types	
  of	
  funding,	
  including	
  
grants,	
  bank	
  loans,	
  crowd	
  funding	
  and	
  venture	
  philanthropy	
  together	
  in	
  order	
  to	
  
achieve	
  maximum	
  social	
  impact.	
  The	
  most	
  common	
  and	
  new	
  forms	
  of	
  financing	
  a	
  
social	
  enterprise	
  are	
  described	
  in	
  detail	
  below.	
  	
  
	
  
4.1	
  Government	
  Grants	
  
One	
  of	
  the	
  main	
  sources	
  social	
  entrepreneurs	
  seek	
  funding	
  from	
  is	
  the	
  government	
  
as	
  they	
  have	
  the	
  resources	
  to	
  fund	
  social	
  programs	
  and	
  the	
  motive	
  to	
  create	
  social	
  
impact.	
  Typically	
  receiving	
  government	
  funding	
  gives	
  more	
  credibility	
  to	
  an	
  
organization;	
  if	
  they	
  are	
  consistently	
  receiving	
  grants	
  and	
  winning	
  competitions	
  for	
  
funding	
  they	
  may	
  attract	
  additional	
  investors	
  as	
  a	
  result.	
  (Sherman,	
  2004).	
  Another	
  
benefit	
  of	
  government	
  funding	
  is	
  it	
  can	
  sometimes	
  be	
  accompanied	
  by	
  professional	
  
assistance.	
  The	
  government	
  who	
  is	
  providing	
  the	
  grant	
  my	
  also	
  offer	
  workshops,	
  
seminars	
  and	
  consulting	
  in	
  order	
  to	
  help	
  the	
  social	
  enterprise	
  grow	
  and	
  maximize	
  
impact.	
  Government	
  grants	
  can	
  also	
  help	
  improve	
  their	
  network	
  by	
  introducing	
  
them	
  to	
  a	
  larger	
  group	
  of	
  social	
  entrepreneurs.	
  Sometimes	
  governments	
  will	
  bring	
  
together	
  all	
  the	
  recipients	
  of	
  a	
  particular	
  grant	
  in	
  order	
  to	
  expand	
  their	
  network,	
  as	
  
well	
  as	
  compare	
  experience	
  and	
  increase	
  awareness	
  of	
  other	
  potential	
  funding	
  or	
  
resources	
  for	
  that	
  particular	
  type	
  of	
  venture.	
  (Canada	
  Business,	
  2014).	
  	
  
12	
   Social	
  Entrepreneurship	
  
Even	
  with	
  these	
  benefits	
  some	
  social	
  enterprises	
  decide	
  to	
  stay	
  away	
  from	
  
government	
  grants	
  for	
  a	
  couple	
  of	
  reasons.	
  To	
  qualify	
  for	
  funding	
  organizations	
  may	
  
have	
  to	
  reshape	
  their	
  business	
  in	
  order	
  to	
  fit	
  in	
  the	
  guidelines	
  set	
  out	
  by	
  the	
  
government,	
  this	
  may	
  be	
  hard	
  to	
  do	
  while	
  still	
  maintaining	
  the	
  social	
  ideal.	
  Another	
  
downside	
  to	
  government	
  grants	
  is	
  the	
  monitoring	
  of	
  your	
  business;	
  typically	
  larger	
  
grants	
  will	
  come	
  with	
  a	
  stipulation	
  that	
  the	
  business	
  practices	
  and	
  performance	
  will	
  
be	
  monitored.	
  (Sherman,	
  2004).	
  Some	
  entrepreneurs	
  find	
  this	
  monitoring	
  to	
  be	
  
quite	
  intrusive	
  and	
  may	
  decide	
  to	
  avoid	
  government	
  grants	
  for	
  this	
  reason.	
  
Potentially	
  costly	
  problems	
  with	
  government	
  grants	
  are	
  some	
  work	
  on	
  a	
  
reimbursement	
  basis,	
  making	
  businesses	
  upfront	
  the	
  costs	
  and	
  submit	
  cost	
  reports	
  
then	
  wait	
  for	
  reimbursement.	
  This	
  would	
  not	
  be	
  bad	
  if	
  it	
  weren’t	
  for	
  governments	
  
being	
  notoriously	
  slow	
  in	
  payback,	
  sometimes	
  going	
  two	
  too	
  three	
  months	
  before	
  
reimbursement	
  is	
  received.	
  (Sherman,	
  2004).	
  For	
  a	
  social	
  enterprise	
  that	
  is	
  well	
  
organized	
  and	
  likes	
  taking	
  direction	
  a	
  government	
  grant	
  may	
  be	
  a	
  good	
  source	
  of	
  
financing,	
  as	
  it	
  cost	
  nothing	
  other	
  then	
  time	
  to	
  receive	
  a	
  grant.	
  For	
  others	
  the	
  lack	
  of	
  
certainty	
  and	
  availability	
  of	
  loans	
  may	
  make	
  government	
  grants	
  a	
  bad	
  decision	
  
when	
  finding	
  financing.	
  	
  
	
  
4.2	
  Crowdfunding	
  
One	
  of	
  the	
  more	
  recent	
  and	
  most	
  successful	
  forms	
  of	
  financing	
  is	
  a	
  concept	
  known	
  as	
  
crowd	
  funding,	
  (or	
  crowdsourcing).	
  Tripling	
  in	
  the	
  last	
  year	
  becoming	
  a	
  16	
  billion	
  
dollar	
  industry	
  Crowdfunding	
  is	
  quickly	
  turning	
  into	
  one	
  of	
  social	
  entrepreneurs	
  
favorite	
  avenues	
  for	
  financing.	
  (Clifford,	
  2015).	
  Crowdfunding	
  is	
  an	
  Internet	
  based	
  
form	
  of	
  funding	
  that	
  doesn’t	
  ask	
  for	
  one	
  large	
  loan	
  but	
  instead	
  asks	
  for	
  many	
  small	
  
loans	
  from	
  multiple	
  individuals	
  to	
  reach	
  a	
  large	
  fundraising	
  goal.	
  (Lambert	
  &	
  
Schwienbacher.	
  2010)	
  Instead	
  of	
  offering	
  equity	
  like	
  a	
  typical	
  public	
  investment,	
  
crowd	
  funding	
  often	
  uses	
  a	
  reward	
  program,	
  which	
  offers	
  incentives	
  that	
  increase	
  in	
  
value	
  as	
  the	
  value	
  of	
  the	
  donation	
  increases,	
  in	
  some	
  unique	
  cases	
  it	
  may	
  be	
  strictly	
  
donation	
  based.(	
  Ordanini,	
  et	
  al,	
  2011).	
  	
  These	
  incentives	
  typically	
  are	
  products	
  
offered	
  by	
  the	
  company	
  or	
  products	
  made	
  specifically	
  for	
  the	
  crowd	
  funding	
  
campaign.	
  	
  This	
  method	
  avoids	
  traditional	
  funding	
  such	
  as	
  banks	
  and	
  grants;	
  crowd	
  
funding	
  goes	
  directly	
  to	
  the	
  consumer	
  and	
  asks	
  for	
  help	
  in	
  getting	
  a	
  project	
  off	
  the	
  
ground	
  or	
  to	
  the	
  next	
  step.	
  Crowd	
  funding	
  has	
  become	
  a	
  popular	
  avenue	
  for	
  social	
  
entrepreneurs	
  to	
  receive	
  funding	
  as	
  it	
  is	
  easier	
  to	
  convince	
  the	
  public	
  to	
  invest	
  in	
  
social	
  good	
  and	
  is	
  much	
  less	
  risk	
  for	
  multiple	
  investors	
  putting	
  in	
  small	
  amounts	
  
compared	
  to	
  traditional	
  financers	
  taking	
  on	
  the	
  full	
  risk	
  of	
  the	
  entire	
  loan.	
  Some	
  
benefits	
  of	
  Crowdfunding	
  is	
  it	
  is	
  essentially	
  a	
  marketing	
  tool	
  as	
  much	
  as	
  it	
  is	
  an	
  
investment	
  tool,	
  companies	
  are	
  able	
  to	
  spread	
  their	
  business	
  idea	
  to	
  a	
  very	
  large	
  
audience	
  and	
  intern	
  may	
  meet	
  others	
  who	
  share	
  similar	
  ideas.	
  A	
  Crowdfunding	
  
campaign	
  is	
  fairly	
  simple	
  to	
  put	
  together	
  compared	
  to	
  a	
  traditional	
  business	
  plan	
  
needed	
  for	
  most	
  loans	
  or	
  grants.	
  Crowdfunding	
  uses	
  videos	
  and	
  visuals	
  and	
  usually	
  
consists	
  of	
  a	
  pitch	
  about	
  the	
  idea	
  or	
  product	
  in	
  an	
  informal	
  manner.	
  Crowdfunding	
  
campaigns	
  also	
  normally	
  receive	
  a	
  lot	
  of	
  feedback	
  on	
  their	
  idea	
  and	
  this	
  may	
  help	
  
maximize	
  their	
  impact	
  having	
  input	
  from	
  others.	
  In	
  other	
  industries	
  the	
  fear	
  of	
  
people	
  copying	
  the	
  idea	
  is	
  considered	
  a	
  con,	
  in	
  social	
  entrepreneurship	
  most	
  
encourage	
  others	
  to	
  go	
  out	
  and	
  do	
  a	
  social	
  good	
  using	
  their	
  idea,	
  this	
  can	
  be	
  seen	
  as	
  
14	
   Social	
  Entrepreneurship	
  
a	
  plus	
  depending	
  on	
  the	
  goals	
  of	
  the	
  entrepreneur.	
  (Isenberg,	
  2012).	
  The	
  United	
  
states	
  also	
  recently	
  passed	
  a	
  law	
  allowing	
  entrepreneurs	
  to	
  sell	
  small	
  shares	
  in	
  their	
  
company	
  on	
  a	
  Crowdfunding	
  style	
  platform,	
  this	
  would	
  avoid	
  the	
  heavy	
  cost	
  of	
  going	
  
public	
  and	
  could	
  see	
  a	
  new	
  type	
  of	
  investor	
  using	
  Crowdfunding.	
  People	
  will	
  now	
  
receive	
  payment	
  if	
  the	
  project	
  succeeds	
  so	
  they	
  will	
  be	
  invested	
  in	
  its	
  progress	
  more	
  
then	
  with	
  previous	
  Crowdfunding	
  campaigns.	
  (Finley,	
  2015).	
  Crowdfunding	
  is	
  seen	
  
as	
  a	
  very	
  viable	
  option	
  for	
  social	
  entrepreneurs	
  seeking	
  funding	
  and	
  has	
  a	
  very	
  
promising	
  future	
  as	
  the	
  world	
  comes	
  closer	
  with	
  technology	
  and	
  millennials	
  starts	
  
addressing	
  social	
  issues	
  together.	
  	
  
	
  
4.3	
  Venture	
  Philanthropy	
  
Venture	
  capitalism	
  has	
  been	
  around	
  for	
  as	
  long	
  as	
  entrepreneurs	
  have	
  been	
  around	
  
investing	
  in	
  seemingly	
  risky	
  ventures	
  hoping	
  for	
  large	
  returns.	
  The	
  new	
  form	
  of	
  this	
  
has	
  emerged	
  specifically	
  for	
  the	
  social	
  entrepreneurship	
  sector	
  known	
  as	
  venture	
  
philanthropy.	
  	
  Venture	
  philanthropy	
  uses	
  the	
  expertise	
  and	
  techniques	
  used	
  in	
  
venture	
  capitalism	
  but	
  focuses	
  on	
  social	
  impact	
  over	
  return	
  on	
  investment.	
  They	
  
measure	
  their	
  return	
  in	
  capacity	
  improvement	
  and	
  people	
  helped	
  over	
  monetary	
  
growth.	
  It	
  is	
  estimated	
  that	
  there	
  are	
  40	
  institutional	
  funders	
  currently	
  using	
  this	
  
approach,	
  investing	
  upwards	
  of	
  60	
  million	
  a	
  year	
  and	
  growing.	
  (Frumkin.	
  2003).	
  
What	
  venture	
  philanthropist	
  are	
  trying	
  to	
  do	
  is	
  not	
  just	
  be	
  a	
  supplier	
  of	
  cash	
  like	
  a	
  
charity,	
  but	
  instead	
  consult	
  and	
  work	
  with	
  social	
  institutions	
  so	
  they	
  can	
  further	
  
their	
  social	
  impact	
  and	
  increase	
  reach	
  which	
  is	
  the	
  goal	
  of	
  a	
  Venture	
  Philanthropist.	
  
(Frumkin,	
  2003).	
  
Some	
  benefits	
  to	
  Venture	
  philanthropy	
  is	
  the	
  investors	
  are	
  looking	
  for	
  social	
  
return	
  over	
  monetary	
  return,	
  so	
  entrepreneurs	
  are	
  able	
  to	
  focus	
  on	
  social	
  
improvement	
  instead	
  of	
  having	
  to	
  worry	
  about	
  paying	
  back	
  a	
  loan.	
  Another	
  benefit	
  
is	
  the	
  typical	
  length	
  of	
  a	
  venture	
  philanthropist	
  investment,	
  unlike	
  bank	
  loans	
  or	
  
grants	
  that	
  are	
  typically	
  one	
  time	
  investments,	
  a	
  Venture	
  philanthropists	
  investment	
  
is	
  typically	
  5-­‐7	
  years	
  and	
  can	
  go	
  far	
  beyond	
  that.	
  (Chauhan,	
  2015).	
  The	
  Benefit	
  of	
  
this	
  is	
  Venture	
  Philanthropist	
  will	
  likely	
  add	
  more	
  money	
  as	
  they	
  see	
  the	
  project	
  
growing	
  and	
  its	
  social	
  capacity	
  increasing.	
  	
  Along	
  with	
  supplying	
  funds	
  Venture	
  
philanthropist	
  will	
  typically	
  also	
  give	
  intellectual	
  and	
  human	
  capital	
  to	
  the	
  social	
  
venture	
  they	
  have	
  invested	
  in.	
  (Chauhan,	
  2015).	
  Some	
  social	
  entrepreneurs	
  find	
  
Venture	
  Philanthropy	
  the	
  best	
  fit	
  for	
  their	
  business	
  as	
  they	
  may	
  be	
  passionate	
  about	
  
their	
  cause	
  but	
  benefit	
  from	
  having	
  a	
  business	
  consultant	
  to	
  make	
  their	
  venture	
  
sustainable	
  therefore	
  furthering	
  its	
  impact	
  to	
  the	
  community.	
  Others	
  prefer	
  the	
  
more	
  hands	
  off	
  approach	
  of	
  a	
  bank	
  loan,	
  opting	
  out	
  of	
  the	
  venture	
  philanthropist	
  
team	
  member	
  approach	
  to	
  investing.	
  	
  
	
  
5.0	
  How	
  Can	
  the	
  Field	
  Attract	
  Talented	
  Workers?	
  
5.1	
  What	
  Are	
  We	
  Looking	
  For?	
  
Unlike	
  regular	
  businesses	
  that	
  follow	
  a	
  structured	
  business	
  model,	
  social	
  
entrepreneurs	
  are	
  more	
  likely	
  to	
  create	
  solutions	
  to	
  problems	
  without	
  a	
  road	
  map,	
  
or	
  plan	
  of	
  attack	
  per	
  se.	
  This	
  often	
  open	
  ended	
  work	
  calls	
  for	
  a	
  different	
  kind	
  of	
  
brain,	
  a	
  revolutionary	
  thinker.	
  So	
  what	
  are	
  we	
  looking	
  for?	
  According	
  to	
  Bornstein	
  
and	
  Davis:	
  
16	
   Social	
  Entrepreneurship	
  
• Those	
  Looking	
  for	
  Rewarding	
  work	
  (More	
  Than	
  Money)	
  
• Critical	
  thinkers,	
  decision	
  makers,	
  risk	
  takers	
  
• Empathetic,	
  caring	
  individuals	
  	
  
• Socially	
  aware	
  individuals	
  
As	
  previously	
  mentioned,	
  the	
  members	
  of	
  the	
  millennial	
  generation	
  have	
  both	
  a	
  
strong	
  social	
  sensibility	
  as	
  well	
  as	
  social	
  responsibility.	
  (Deloitte,	
  2015)	
  This	
  shift	
  
towards	
  a	
  more	
  socially	
  aware	
  generation	
  is	
  causing	
  a	
  shift	
  in	
  the	
  way	
  we	
  do	
  
business	
  say	
  Bornstein	
  and	
  Davis.	
  Sagawa	
  and	
  Jospin	
  state	
  that	
  organizations,	
  much	
  
like	
  individuals,	
  form	
  their	
  own	
  identities	
  and	
  personalities.	
  These	
  charismatic	
  
personalities	
  act	
  as	
  a	
  magnet	
  for	
  attracting	
  individuals	
  who	
  are	
  equally	
  as	
  
charismatic	
  and	
  passionate	
  about	
  the	
  same	
  issues.	
  (Sagawa	
  &	
  Jospin,	
  2008)	
  The	
  
future	
  looks	
  bright	
  for	
  social	
  enterprises	
  with	
  an	
  incoming	
  workforce	
  that	
  values	
  
rewarding	
  work	
  that	
  will	
  change	
  the	
  communities	
  they	
  are	
  a	
  part	
  of.	
  	
  
	
  
5.2	
  “Mass	
  Recruiters”	
  
Bill	
  Drayton,	
  a	
  global	
  social	
  entrepreneur,	
  believes	
  that	
  the	
  utmost	
  important	
  
success	
  factor	
  for	
  a	
  social	
  enterprise	
  is	
  the	
  acquisition	
  and	
  cultivation	
  of	
  great	
  
potential.	
  (Drayton,	
  2006)	
  Drayton	
  believes	
  the	
  key	
  to	
  success	
  lies	
  within	
  inspiring	
  
and	
  helping	
  young	
  minds	
  to	
  realize	
  what	
  they	
  can	
  be	
  capable	
  of.	
  Drayton	
  refers	
  to	
  
social	
  entrepreneurs	
  as	
  “mass	
  recruiters”	
  (Drayton,	
  2006)-­‐	
  constantly	
  working	
  to	
  
challenge	
  great	
  minds	
  to	
  reach	
  their	
  full	
  potentials.	
  Most	
  of	
  this	
  “recruitment”	
  is	
  
done	
  informally,	
  as	
  there	
  are	
  not	
  many	
  programs	
  in	
  place	
  that	
  allow	
  for	
  a	
  structured	
  
growth	
  plan	
  of	
  these	
  exemplary	
  minds.	
  One	
  example	
  of	
  a	
  very	
  successful	
  social	
  
enterprise	
  is	
  Teach	
  For	
  America,	
  which	
  Drayton	
  argues	
  can	
  serve	
  as	
  a	
  model	
  for	
  all	
  
recruiting	
  social	
  entrepreneurs.	
  
	
  
5.3	
  Teach	
  For	
  America	
  
Teach	
  For	
  America’s	
  mission	
  is	
  to	
  “grow	
  the	
  movement	
  of	
  leaders	
  who	
  work	
  to	
  
ensure	
  that	
  kids	
  growing	
  up	
  in	
  poverty	
  get	
  an	
  excellent	
  education.”	
  (Teach	
  for	
  
America,	
  2015)	
  The	
  educators	
  involved	
  with	
  teach	
  for	
  America	
  are	
  social	
  
entrepreneurs	
  that	
  are	
  willing	
  to	
  receive	
  less	
  pay	
  in	
  exchange	
  for	
  more	
  rewarding	
  
work.	
  Teach	
  For	
  America	
  is	
  a	
  perfect	
  example	
  of	
  Drayton’s	
  “mass	
  recruiter”	
  theory.	
  
They	
  are	
  constantly	
  on	
  the	
  hunt	
  for	
  young	
  minds	
  whose	
  values	
  of	
  education	
  are	
  
aligned	
  with	
  those	
  of	
  the	
  organization.	
  (Bornstein	
  et	
  al,	
  2010)	
  With	
  their	
  charismatic	
  
organization,	
  Teach	
  For	
  America	
  has	
  been	
  able	
  to	
  attract	
  young	
  educators	
  from	
  top	
  
universities	
  across	
  the	
  United	
  States.	
  	
  
	
  
Wendy	
  Kopp,	
  who	
  presented	
  the	
  idea	
  in	
  her	
  1989	
  undergraduate	
  thesis	
  at	
  
Princeton,	
  dreamed	
  up	
  Teach	
  For	
  America	
  in	
  a	
  university	
  classroom.	
  In	
  1990,	
  500	
  
committed	
  individuals	
  made	
  Kopp’s	
  dream	
  a	
  reality,	
  and	
  it	
  the	
  movement	
  has	
  been	
  
growing	
  ever	
  since.	
  Teach	
  For	
  America’s	
  model	
  helps	
  attract	
  and	
  inspire	
  the	
  best	
  
and	
  brightest	
  from	
  around	
  the	
  country:	
  Recruit,	
  Train,	
  and	
  Foster.	
  (Teach	
  For	
  
America,	
  2015)	
  
o We	
  recruit	
  committed	
  recent	
  college	
  graduates	
  and	
  professionals	
  of	
  
all	
  backgrounds	
  to	
  teach	
  for	
  two	
  years	
  in	
  urban	
  and	
  rural	
  public	
  
schools	
  
18	
   Social	
  Entrepreneurship	
  
o We	
  train	
  and	
  develop	
  these	
  corps	
  members	
  so	
  that	
  they	
  have	
  an	
  
immediate	
  positive	
  impact	
  on	
  their	
  students	
  
o We	
  foster	
  leadership	
  of	
  our	
  alumni	
  as	
  they	
  address	
  this	
  problem	
  from	
  
all	
  sectors	
  
Teach	
  For	
  America	
  should	
  be	
  treated	
  as	
  a	
  template	
  for	
  social	
  change	
  in	
  
America.	
  Teach	
  For	
  America	
  have	
  proven	
  themselves	
  to	
  be	
  extremely	
  successful	
  
since	
  their	
  inception.	
  The	
  numbers	
  don’t	
  lie:	
  Teach	
  For	
  America	
  credit	
  themselves	
  
with	
  transforming	
  education	
  in	
  New	
  Orleans,	
  where	
  the	
  percentage	
  of	
  students	
  
scoring	
  basic	
  or	
  above	
  on	
  state	
  wide	
  testing	
  has	
  increased	
  from	
  30%	
  in	
  2000	
  to	
  53%	
  
in	
  2010.	
  (Teach	
  For	
  America,	
  2015)	
  	
  
	
  
6.0	
  How	
  do	
  Government	
  and	
  Social	
  Entrepreneurs	
  Work	
  Together?	
  
6.1	
  What	
  is	
  Government	
  Doing	
  Currently?	
  
As	
  previously	
  mentioned,	
  the	
  government	
  offers	
  grants	
  to	
  some	
  social	
  enterprises.	
  
However,	
  fitting	
  into	
  the	
  parameters	
  of	
  what	
  the	
  government	
  grant	
  requires	
  proves	
  
difficult	
  for	
  many	
  social	
  entrepreneurs-­‐	
  causing	
  many	
  of	
  them	
  to	
  seek	
  funding	
  
elsewhere.	
  (Sherman,	
  2004)	
  The	
  government	
  and	
  social	
  entrepreneurs	
  have	
  
historically	
  “suffered	
  from	
  a	
  mutual	
  lack	
  of	
  respect	
  and	
  trust.”	
  (Bornstein	
  et	
  al,	
  
2010)	
  Due	
  to	
  the	
  different	
  approaches	
  taken	
  by	
  each	
  to	
  problem	
  solving,	
  different	
  
pressures,	
  and	
  different	
  needs-­‐	
  government	
  and	
  social	
  entrepreneurs	
  do	
  not	
  always	
  
work	
  well	
  together.	
  However,	
  government	
  departments	
  could	
  greatly	
  benefit	
  from	
  
having	
  the	
  minds	
  of	
  social	
  entrepreneurs	
  at	
  their	
  disposal,	
  as	
  it	
  would	
  make	
  for	
  
fresh,	
  effective,	
  and	
  unique	
  solutions	
  to	
  structural	
  issues.	
  	
  
 
6.2	
  What	
  Can	
  Government	
  Do?	
  
Bornstein	
  and	
  Davis	
  suggest	
  that	
  governments	
  do	
  not	
  need	
  to	
  abolish	
  ineffective	
  
government	
  resources,	
  but	
  instead	
  deploy	
  their	
  resources	
  differently	
  within	
  the	
  
social	
  sector.	
  (Bornstein	
  &	
  Davis,	
  2010)	
  They	
  suggest	
  that	
  rather	
  than	
  forcing	
  social	
  
entrepreneurs	
  into	
  strict	
  guidelines	
  for	
  funding,	
  they	
  should	
  instead	
  “harness	
  the	
  
potential	
  of	
  social	
  entrepreneurs	
  and	
  citizen	
  organizations	
  to	
  achieve	
  policy	
  goals,	
  
just	
  as	
  they	
  do	
  with	
  business	
  entrepreneurs	
  and	
  companies.”	
  (Bornstein	
  &	
  Davis,	
  
2010)	
  Social	
  entrepreneurs	
  are	
  long-­‐term	
  solution	
  makers,	
  which	
  many	
  government	
  
officials	
  are	
  not.	
  It	
  is	
  said	
  that	
  this	
  difference	
  alone	
  would	
  make	
  solutions	
  much	
  
more	
  effective	
  with	
  the	
  help	
  of	
  social	
  entrepreneurs.	
  	
  
	
  
7.0	
  How	
  Do	
  Schools	
  Nurture	
  Social	
  Entrepreneurship?	
  
7.1	
  University	
  Level	
  
As	
  Gordon	
  Bloom	
  explains,	
  many	
  university	
  students	
  enter	
  post-­‐secondary	
  
education	
  with	
  a	
  strong	
  desire	
  to	
  create	
  social	
  change	
  but	
  are	
  not	
  always	
  given	
  a	
  
structured	
  curriculum	
  to	
  help	
  them	
  achieve	
  their	
  dreams.	
  (Bloom,	
  2006)	
  Bloom	
  
goes	
  on	
  to	
  explain	
  the	
  structures	
  used	
  by	
  Harvard	
  and	
  Stanford	
  Universities	
  to	
  
foster	
  growth	
  of	
  future	
  social	
  entrepreneurs.	
  Bloom	
  talks	
  about	
  the	
  Social	
  
Entrepreneurship	
  (or	
  SE)	
  Lab	
  at	
  Harvard.	
  In	
  the	
  figure	
  below,	
  Bloom	
  deconstructs	
  
the	
  basic	
  structure	
  and	
  goals	
  of	
  the	
  lab.	
  As	
  we	
  can	
  see,	
  the	
  SE	
  lab	
  provides	
  a	
  very	
  
hands-­‐on,	
  and	
  collaborative	
  curriculum	
  specially	
  designed	
  for	
  those	
  wishing	
  to	
  put	
  
their	
  theory	
  into	
  practice.
20	
   Social	
  Entrepreneurship	
  
(Bloom,	
  2006)	
  
Bornstein	
  and	
  Davis	
  state	
  that	
  although	
  indeed,	
  “social	
  entrepreneurship	
  has	
  
made	
  inroads	
  to	
  academia,	
  it	
  remains	
  far	
  from	
  mainstream.”	
  (Bornstein	
  et	
  al,	
  2010)	
  
As	
  of	
  2010,	
  there	
  were	
  350	
  professors	
  in	
  over	
  35	
  countries	
  teaching	
  social	
  
entrepreneurship	
  to	
  their	
  students.	
  (Bornstein	
  et	
  al,	
  2010)	
  	
  
In	
  Canada,	
  new	
  social	
  entrepreneurship	
  initiatives	
  are	
  “popping	
  up	
  across	
  
the	
  country.”	
  (Lewington,	
  2013)	
  McGill,	
  University	
  of	
  British	
  Colombia,	
  and	
  Simon	
  
Fraser	
  University	
  are	
  among	
  many	
  that	
  have	
  retooled	
  their	
  entrepreneurship	
  
curriculums	
  to	
  fit	
  with	
  what	
  Anita	
  Nowak,	
  integrating	
  director	
  of	
  the	
  Social	
  
Economy	
  Initiative	
  at	
  McGill,	
  calls	
  a	
  “generational	
  zeitgeist.”	
  (Lewington,	
  2013)	
  
From	
  a	
  more	
  localized	
  perspective,	
  Enactus	
  Canada	
  is	
  “shaping	
  generations	
  of	
  
entrepreneurial	
  leaders	
  who	
  are	
  passionate	
  about	
  advancing	
  the	
  economic,	
  social	
  
and	
  environmental	
  health	
  of	
  Canada.”	
  (Enactus,	
  2015)	
  Enactus	
  Canada	
  is	
  part	
  of	
  a	
  
global	
  student	
  movement	
  with	
  35	
  other	
  countries-­‐	
  creating	
  social,	
  economic,	
  and	
  
environmental	
  change	
  all	
  over	
  the	
  globe.	
  At	
  smaller	
  schools,	
  such	
  as	
  Bishop’s	
  
University,	
  where	
  there	
  aren’t	
  high	
  numbers	
  of	
  enrolled	
  students,	
  Enactus	
  is	
  a	
  
significant	
  tool	
  for	
  aspiring	
  social	
  entrepreneurs.	
  	
  
	
  
7.2	
  Earlier	
  Years	
  
Elanor	
  Duckworth	
  explains	
  that	
  young	
  children	
  are,	
  in	
  fact,	
  very	
  developed	
  
intellectually.	
  She	
  argues	
  that	
  children	
  are	
  forced	
  to	
  lose	
  their	
  curious	
  and	
  
resourceful	
  ways	
  when	
  they	
  enter	
  institutions	
  as	
  their	
  “natural	
  enthusiasm	
  and	
  
inquisitiveness	
  becomes	
  subordinated	
  to	
  the	
  needs	
  of	
  adults	
  enlisted	
  to	
  teach	
  them.”	
  
(Duckworth,	
  20000)	
  Duckworth	
  suggests	
  that	
  if	
  adults	
  and	
  educators	
  stop	
  
discouraging	
  children’s	
  ideas	
  that	
  seem	
  different	
  or	
  crazy	
  and	
  instead	
  encourage	
  
and	
  structure	
  moments	
  when	
  children	
  have	
  their	
  own	
  ideas,	
  children	
  could	
  let	
  their	
  
willingness	
  to	
  try	
  blossom.	
  This	
  being	
  said,	
  the	
  Roots	
  of	
  Empathy	
  organization	
  
(explained	
  further	
  in	
  section	
  7.3)	
  encompasses	
  the	
  qualities	
  that	
  Duckworth	
  
suggests	
  make	
  up	
  a	
  much-­‐needed	
  program	
  within	
  primary	
  schools.	
  	
  	
  
	
  
7.3	
  Where	
  Can	
  We	
  Go	
  From	
  Here?	
  
“Education	
  is	
  the	
  most	
  powerful	
  weapon	
  which	
  you	
  can	
  use	
  to	
  change	
  the	
  world.”-­‐	
  
Nelson	
  Mandela	
  (BrainyQuote,	
  2015)	
  
22	
   Social	
  Entrepreneurship	
  
Grossberg	
  argues	
  that	
  in	
  society,	
  youth	
  are	
  extremely	
  important	
  and	
  full	
  of	
  
potential,	
  yet	
  they	
  are	
  also	
  feared.	
  (Grossberg,	
  1994)	
  He	
  argues	
  that	
  as	
  a	
  body,	
  youth	
  
need	
  to	
  be	
  integrated	
  into	
  spaces	
  where	
  they	
  can	
  use	
  their	
  full	
  potential	
  to	
  change	
  
things.	
  Mary	
  Gordon,	
  founder	
  of	
  Roots	
  of	
  Empathy,	
  insists,	
  “Everyone	
  can	
  be	
  a	
  
change	
  maker”.	
  (Bornstein	
  et	
  al,	
  2010)	
  She	
  suggests	
  that	
  the	
  onus	
  of	
  teaching	
  
children	
  to	
  be	
  leaders	
  is	
  on	
  educators.	
  	
  Her	
  organization,	
  Roots	
  of	
  Empathy,	
  teams	
  
up	
  with	
  elementary	
  and	
  pre-­‐school	
  educators	
  to	
  “change	
  the	
  world-­‐	
  child	
  by	
  child.”	
  
(Roots	
  of	
  Empathy,	
  2015)	
  Gordon’s	
  Organization	
  does	
  this	
  by	
  teaching	
  empathy	
  to	
  
children	
  early	
  on	
  so	
  that	
  they	
  may	
  build	
  “caring,	
  peaceful,	
  and	
  civil	
  societies”	
  later	
  
on	
  down	
  the	
  road.	
  (Roots	
  of	
  Empathy,	
  2015)	
  
	
   In	
  terms	
  of	
  where	
  to	
  go	
  in	
  the	
  future,	
  Roots	
  of	
  Empathy	
  is	
  a	
  great	
  start.	
  Roots	
  
of	
  Empathy	
  already	
  have	
  educators	
  across	
  Canada,	
  and	
  the	
  world.	
  If	
  every	
  Canadian	
  
early	
  childhood	
  educator	
  could	
  receive	
  Roots	
  of	
  Empathy	
  training-­‐	
  imagine	
  how	
  
much	
  the	
  country	
  could	
  benefit,	
  and	
  how	
  many	
  young	
  social	
  entrepreneurs	
  would	
  
be	
  coming	
  out	
  of	
  the	
  woodwork.	
  When	
  speaking	
  on	
  the	
  importance	
  of	
  education	
  for	
  
social	
  entrepreneurs,	
  Delgado	
  states,	
  “For	
  social	
  youth	
  enterprises	
  to	
  make	
  the	
  
impact	
  they	
  are	
  capable	
  of	
  making	
  in	
  this	
  country,	
  content	
  on	
  this	
  subject	
  must	
  be	
  
addressed	
  in	
  the	
  nation’s	
  classrooms	
  at	
  the	
  secondary	
  and	
  postsecondary	
  levels.”	
  
(Delgado,	
  2004)	
  
	
  
	
  
	
  
	
  
9.0	
  Discussion	
  
It	
  has	
  become	
  clear	
  through	
  our	
  research	
  that	
  there	
  has	
  been	
  a	
  societal	
  paradigm	
  
shift	
  towards	
  the	
  consideration	
  of	
  social	
  issues	
  that	
  has	
  enabled	
  social	
  
entrepreneurship	
  to	
  flourish	
  over	
  recent	
  years.	
  We	
  believe	
  that	
  in	
  this	
  rapidly	
  
growing	
  and	
  changing	
  society,	
  people	
  will	
  continue	
  to	
  become	
  more	
  and	
  more	
  
socially	
  aware	
  and	
  responsible.	
  We	
  believe	
  with	
  the	
  emergence	
  of	
  these	
  new	
  
mindsets	
  and	
  practices,	
  social	
  entrepreneurs	
  have	
  bright	
  futures	
  ahead	
  of	
  them.	
  
Additionally,	
  we	
  believe	
  that	
  not	
  only	
  will	
  this	
  new,	
  rapidly	
  changing	
  atmosphere	
  
bring	
  success	
  to	
  social	
  entrepreneurs,	
  but	
  also	
  will	
  forever	
  change	
  the	
  way	
  we	
  do	
  
business.	
  	
  
Through	
  a	
  brief	
  historical	
  overview	
  and	
  social	
  entrepreneurship’s	
  functions,	
  
we	
  were	
  able	
  to	
  develop	
  our	
  own	
  definition	
  of	
  what	
  social	
  entrepreneurship	
  means,	
  
in	
  our	
  minds.	
  Our	
  idealized,	
  brief	
  definition	
  of	
  social	
  entrepreneurship	
  is	
  an	
  
organization	
  or	
  initiative	
  that	
  finds	
  a	
  need	
  unmet,	
  or	
  poorly	
  met	
  need	
  within	
  society	
  
that	
  they	
  seek	
  to	
  change	
  for	
  the	
  betterment	
  of	
  the	
  society	
  as	
  a	
  whole.	
  	
  
We	
  briefly	
  touched	
  on	
  the	
  different	
  types	
  of	
  financing	
  available	
  for	
  those	
  
wishing	
  to	
  create	
  social	
  change.	
  We	
  also	
  discussed	
  how	
  to	
  attract	
  the	
  talented,	
  
passionate	
  minds	
  needed	
  within	
  a	
  social	
  enterprise-­‐	
  and	
  what	
  exactly	
  that	
  entails.	
  	
  
When	
  researching	
  the	
  potential	
  partnerships	
  between	
  social	
  entrepreneurs	
  
and	
  governments,	
  the	
  question	
  was	
  asked:	
  “How	
  much	
  involvement	
  should	
  
governments	
  have?”	
  There	
  is	
  certainly	
  a	
  complex	
  and	
  detailed	
  answer	
  to	
  this	
  that	
  
could	
  be	
  a	
  research	
  paper	
  on	
  its	
  own.	
  The	
  track	
  record	
  between	
  the	
  two	
  have	
  not	
  
24	
   Social	
  Entrepreneurship	
  
been	
  the	
  best-­‐	
  but	
  we	
  believe	
  if	
  changes	
  were	
  made	
  on	
  both	
  ends,	
  the	
  pair	
  could	
  do	
  
exceptional	
  things	
  on	
  the	
  global	
  scale.	
  
	
   Perhaps	
  the	
  most	
  important	
  section	
  of	
  our	
  research	
  was	
  that	
  of	
  the	
  education	
  
being	
  done	
  in	
  terms	
  of	
  social	
  entrepreneurship.	
  Although	
  there	
  are	
  existing	
  
programs	
  that	
  cater	
  to	
  the	
  needs	
  of	
  the	
  developing	
  minds	
  of	
  young	
  social	
  
entrepreneurs,	
  they	
  are	
  by	
  no	
  means	
  mainstream	
  and	
  therefore	
  not	
  accessible	
  by	
  
all.	
  It	
  is	
  our	
  belief,	
  along	
  with	
  the	
  beliefs	
  of	
  many	
  others,	
  that	
  if	
  educated	
  about	
  social	
  
matters,	
  about	
  empathy,	
  and	
  about	
  caring	
  from	
  a	
  young	
  age-­‐	
  anyone	
  can	
  be	
  a	
  
change	
  maker.	
  	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
 
	
  
References	
  
	
  
Baron,	
  D.	
  (2007)	
  "Corporate	
  Social	
  Responsibility	
  and	
  Social	
  Entrepreneurship."	
  
	
  	
  	
  	
  	
  Journal	
  of	
  Economics	
  &	
  Management	
  Strategy.	
  no.	
  3	
  :	
  683-­‐717	
  
	
  
Biography.com.	
  (2015).	
  Florence	
  Nightingale.	
  The	
  Biography.com	
  website.	
  Retrieved	
  
	
  	
  	
  	
  	
  04:05,	
  Mar	
  29,	
  2015,	
  fromhttp://www.biography.com/people/florence	
  
	
  	
  	
  	
  	
  nightingale-­‐9423539.	
  
	
  
Bloom,	
  G.	
  (2006)	
  “The	
  Social	
  Entrepreneurship	
  Laboratory	
  (SE	
  Lab):	
  A	
  University	
  
	
  	
  	
  	
  	
  Incubator	
  for	
  a	
  Rising	
  Generation	
  of	
  Social	
  Entrepreneurs”	
  from	
  Social	
  
	
  	
  	
  	
  	
  Entrepreneurship:	
  New	
  Models	
  of	
  Sustainable	
  Social	
  Change.	
  New	
  York:	
  Oxford	
  
	
  	
  	
  	
  	
  University	
  Press,	
  2006.	
  	
  
Bornstein,	
  D.,	
  Davis,	
  S.	
  (2010).	
  Social	
  Entrepreneurship:	
  What	
  Everyone	
  Needs	
  TO	
  	
  	
  
Know.	
  New	
  York:	
  Oxford	
  University	
  Press.	
  
	
  
Brainy	
  Quote.	
  (2015)	
  Education	
  Quotes.	
  Retrieved	
  from	
  
	
  	
  	
  	
  	
  http://www.brainyquote.com/quotes/topics/topic_education.html	
  
	
  
Canadabusiness.ca,.	
  (2014).	
  Government	
  grants	
  and	
  financing	
  –	
  Canada	
  Business	
  
	
  	
  	
  	
  	
  Network.	
  Retrieved	
  22	
  March	
  2015,	
  from	
  
	
  	
  	
  	
  	
  http://www.canadabusiness.ca/eng/page/2848/	
  
	
  
Chauhan,	
  L.	
  (2015).	
  Venture	
  Philanthropy:	
  An	
  approach	
  supported	
  by	
  collaboration,	
  
	
  	
  	
  	
  	
  LIFT	
  Philanthropy	
  partners.	
  Liftpartners.ca.	
  retrieved	
  February	
  28	
  2015	
  
Clayton,	
  J.,	
  (1908)	
  Robert	
  Owen:	
  Pioneer	
  of	
  Social	
  Reforms	
  Fifield,	
  London	
  
	
  
Clifford,	
  C.	
  (2015).	
  Crowdfunding	
  nearly	
  tripled	
  last	
  year,	
  becoming	
  a	
  16	
  billion	
  
	
  	
  	
  	
  	
  dollar	
  industry.	
  Entreprenuer.	
  Retrieved	
  from	
  
	
  	
  	
  	
  	
  http://www.entreprenuer.com/article/2244503	
  
	
  
Delgado,	
  M.	
  (2004)	
  Social	
  Youth	
  Entrepreneurship:	
  The	
  Potential	
  for	
  Youth	
  and	
  
	
  	
  	
  	
  	
  Community	
  Transformation.	
  Westport,	
  Conn:	
  Praeger.	
  
	
  
Deloitte,.	
  (2015).	
  Millennial	
  Survey	
  2015	
  /	
  Deloitte	
  /	
  Social	
  impact,	
  innovation.	
  
	
  	
  	
  	
  	
  Retrieved	
  from	
  http://www2.deloitte.com/global/en/pages/about	
  
	
  	
  	
  	
  	
  deloitte/articles/millenialsurvey.html	
  
	
  
Drayton,	
  William.	
  “The	
  Citizen	
  Sector	
  Tranformed”	
  in	
  Nicholls,	
  ed.,	
  Social	
  
26	
   Social	
  Entrepreneurship	
  
	
  	
  	
  	
  	
  Entrepreneurship:	
  New	
  Models	
  of	
  Sustainable	
  Social	
  Change.	
  New	
  York:	
  Oxford	
  
	
  	
  	
  	
  	
  University	
  Press,	
  2006.	
  	
  
	
  
	
  
	
  
Elkington,	
  J.,	
  Hartigan,	
  P.	
  (2007)	
  The	
  Power	
  of	
  Unreasonable	
  People:	
  How	
  Social	
  
	
  	
  	
  	
  	
  Entrepreneurs	
  Create	
  Markets	
  that	
  Change	
  the	
  World.	
  Boston,	
  MA:	
  Harvard	
  
	
  	
  	
  	
  	
  Business	
  School	
  Press.	
  
	
  
Enactus.	
  (2015).	
  Enactus	
  Canada.	
  http://enactus.ca/	
  
	
  
Finley,	
  K.	
  (2015).	
  The	
  Crowdfunding	
  site	
  that	
  lets	
  you	
  sell	
  shares	
  in	
  your	
  videogame	
  or	
  
	
  	
  	
  	
  	
  movie,	
  Wired.	
  Wired.	
  Retrieved	
  4	
  April	
  2015,	
  from	
  
	
  	
  	
  	
  	
  http://www.wired.com/2015/01/chroma-­‐fund/	
  
	
  
Forbat	
  J.	
  (2007).	
  Entreprenuership	
  :	
  The	
  Seeds	
  of	
  Success.	
  Petersfeild:	
  Harrison	
  
	
  	
  	
  	
  	
  House	
  
	
  
Frumkin,	
  P.	
  (2003).	
  Inside	
  Venture	
  Philanthropy,	
  Society,	
  40(4).	
  7-­‐15.	
  
	
  
Grossberg,	
  L.	
  (1994).	
  The	
  political	
  status	
  of	
  youth	
  and	
  youth	
  culture.	
  In	
  J.S.	
  Epstein	
  
	
  	
  	
  	
  	
  (ed.),	
  Adolescents	
  and	
  their	
  music	
  (pp.25-­‐46).	
  New	
  York:	
  Garland	
  Press.	
  	
  
	
  
Isenberg,	
  Daniel	
  (April	
  23,	
  2012).	
  "The	
  Road	
  to	
  Crowdfunding	
  Hell	
  –	
  Daniel	
  Isenberg	
  
	
  	
  	
  	
  	
  –	
  Harvard	
  Business	
  Review".	
  Blogs.hbr.org.	
  Retrieved	
  August	
  19,	
  2012.	
  
	
  
Khan	
  Academy,.	
  (2015).	
  Khan	
  Academy.	
  Retrived	
  22	
  April	
  2015,	
  from	
  
	
  	
  	
  	
  	
  https:www.khanacademy.org/about	
  
	
  
Lambert,	
  Thomas,	
  and	
  Armin	
  Schwienbacher.	
  2010.	
  “An	
  Empirical	
  Analysis	
  of	
  
	
  	
  	
  	
  	
  Crowdfunding.”	
  Available	
  at	
  SSRN:	
  http://ssrn.com/abstract=1578175	
  
	
  
Leadbeater,	
  C.	
  (1996).	
  The	
  Rise	
  of	
  the	
  Social	
  Entrepreneur,	
  Demos.	
  
	
  
Lewington,	
  J.	
  (2013).	
  Universities	
  that	
  teach	
  you	
  to	
  change	
  the	
  world.	
  Globe	
  and	
  Mail.	
  
	
  	
  	
  	
  	
  Retrieved	
  from	
  
	
  	
  	
  	
  	
  	
  http://www.theglobeandmail.com/news/national/education/canadian	
  
	
  	
  	
  	
  	
  	
  university-­‐report/idealist-­‐universities-­‐have-­‐programs-­‐for	
  
	
  	
  	
  	
  	
  	
  you/article14963902/?page=1	
  
	
  
Malecki,	
  E.	
  J.	
  (1997).	
  Technology	
  and	
  economic	
  development:	
  the	
  dynamics	
  of	
  local,	
  
	
  	
  	
  	
  	
  regional,	
  and	
  national	
  change.University	
  of	
  Illinois	
  at	
  Urbana-­‐Champaign's	
  
	
  	
  	
  	
  	
  Academy	
  for	
  Entrepreneurial	
  Leadership	
  Historical	
  Research	
  Reference	
  in	
  
	
  	
  	
  	
  	
  Entrepreneurship.	
  
	
  
The	
  New	
  Heroes.	
  (2005)	
  What	
  is	
  Social	
  Entrepreneurship,	
  Oregon	
  Public	
  
 	
  	
  	
  	
  Broadcasting.	
  
	
  
Ordanini,	
  A.,	
  Miceli,	
  L.,	
  Pizzetti,	
  M.,	
  &	
  Parasuraman,	
  A.	
  (2011).	
  Crowd-­‐funding:	
  
	
  	
  	
  	
  	
  transforming	
  customers	
  into	
  investors	
  through	
  innovative	
  service	
  platforms.	
  
	
  	
  	
  	
  	
  Journal	
  of	
  service	
  management,	
  22(4),	
  443-­‐470.	
  	
  
	
  
Roots	
  of	
  Empathy.	
  (2015)	
  Home.	
  http://rootsofempathy.org/	
  
	
  
Sagawa,	
  Shirley,	
  and	
  Deb	
  Jospin.	
  The	
  Charasmatic	
  Organization:	
  Eight	
  Ways	
  to	
  Grow	
  
	
  	
  	
  	
  	
  a	
  Nonprofit	
  That	
  Builds	
  Buzz,	
  Delights	
  &	
  Donors,	
  and	
  Energizes	
  Employees.	
  San	
  
	
  	
  	
  	
  	
  Francisco:	
  Jossey-­‐Bass,	
  2008.	
  	
  
	
  
Salvationarmyusa.org,.	
  ‘The	
  Salvation	
  Army	
  –	
  History	
  of	
  the	
  salvation	
  army’.	
  N.p.,	
  
	
  	
  	
  	
  	
  2015.	
  Wed.	
  6	
  Mar.	
  2015	
  
	
  
Sherman,	
  A.,	
  (2004)	
  “pros	
  and	
  cons	
  of	
  receiving	
  a	
  government	
  grant.”	
  Hudson	
  
	
  	
  	
  	
  Institute.	
  	
  
	
  
Teach	
  for	
  America.	
  (2015)	
  “Our	
  History”.	
  https://www.teachforamerica.org/our	
  
	
  	
  	
  	
  	
  organization/our-­‐history	
  
	
  
Toms.ca,.	
  (2015).	
  TOMS	
  :	
  One	
  For	
  One.	
  Retrieved	
  14	
  March	
  2015,	
  from	
  
	
  	
  	
  	
  	
  http://www.toms.ca/what-­‐we-­‐give	
  
	
  
Weiss,	
  T.,	
  &	
  Clark,	
  H.	
  (2015).	
  ‘Venture	
  philanthropy’	
  is	
  new	
  buzz	
  in	
  business.	
  Forbes.	
  
	
  
	
  
Walkley,	
  Alison	
  (2009-­‐11-­‐20).	
  "TOMS	
  founder	
  Mycoskie	
  comes	
  to	
  SHU".	
  Fairfield	
  
	
  	
  	
  	
  	
  Citizen.	
  Retrieved	
  March	
  14,	
  2015.	
  	
  
	
  
	
  

More Related Content

What's hot

Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
ann marie
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
DEEPAK DODDAMANI
 
Social enterpreneurship ppt
Social enterpreneurship pptSocial enterpreneurship ppt
Social enterpreneurship pptDaxesh Kanani
 
social entrepreneurship
social entrepreneurshipsocial entrepreneurship
social entrepreneurship
Murali Krishnan L
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilitySondra Dellaripa
 
opportunity and idea generation
opportunity and idea generationopportunity and idea generation
opportunity and idea generationguptaaakansha
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
suchismitamishra13
 
Goal Setting in Social Entrepreneurship
Goal Setting in Social EntrepreneurshipGoal Setting in Social Entrepreneurship
Goal Setting in Social Entrepreneurship
Syed Mohsin Raja
 
social entrepreneurshp-ppt
social entrepreneurshp-pptsocial entrepreneurshp-ppt
social entrepreneurshp-ppthajra haroon
 
THE DEVELOPMENT OF A BUSINESS PLAN
THE DEVELOPMENT OF A BUSINESS PLAN THE DEVELOPMENT OF A BUSINESS PLAN
THE DEVELOPMENT OF A BUSINESS PLAN
Ma Lovely
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
Gauri Agrawal
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
Tribhuvan Saini
 
Introduction to Social Entrepreneurship
Introduction to Social EntrepreneurshipIntroduction to Social Entrepreneurship
Introduction to Social EntrepreneurshipKevin dela Cruz
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
REVA University/ NAGARAJU L G
 
Role of entrepreneurs in economic development
Role of entrepreneurs in economic developmentRole of entrepreneurs in economic development
Role of entrepreneurs in economic development
Shanson Shaji
 
Five Stages of Social Entrepreneurship
Five Stages of Social EntrepreneurshipFive Stages of Social Entrepreneurship
Five Stages of Social EntrepreneurshipYutakaTanabe
 
Intrapreneurship
IntrapreneurshipIntrapreneurship
Intrapreneurship
Dr. Syed Kashan Ali Shah
 
The Venture Capital Process
The Venture Capital ProcessThe Venture Capital Process
The Venture Capital Process
J. Skyler Fernandes
 
social entrepreneurship.pptx
social entrepreneurship.pptxsocial entrepreneurship.pptx
social entrepreneurship.pptx
HaripriyaJ17
 
Entrepreneurial Venture and Its Components
Entrepreneurial Venture and Its ComponentsEntrepreneurial Venture and Its Components
Entrepreneurial Venture and Its Components
Ofunre Iriobe
 

What's hot (20)

Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
Social enterpreneurship ppt
Social enterpreneurship pptSocial enterpreneurship ppt
Social enterpreneurship ppt
 
social entrepreneurship
social entrepreneurshipsocial entrepreneurship
social entrepreneurship
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
opportunity and idea generation
opportunity and idea generationopportunity and idea generation
opportunity and idea generation
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
Goal Setting in Social Entrepreneurship
Goal Setting in Social EntrepreneurshipGoal Setting in Social Entrepreneurship
Goal Setting in Social Entrepreneurship
 
social entrepreneurshp-ppt
social entrepreneurshp-pptsocial entrepreneurshp-ppt
social entrepreneurshp-ppt
 
THE DEVELOPMENT OF A BUSINESS PLAN
THE DEVELOPMENT OF A BUSINESS PLAN THE DEVELOPMENT OF A BUSINESS PLAN
THE DEVELOPMENT OF A BUSINESS PLAN
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
 
Introduction to Social Entrepreneurship
Introduction to Social EntrepreneurshipIntroduction to Social Entrepreneurship
Introduction to Social Entrepreneurship
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
Role of entrepreneurs in economic development
Role of entrepreneurs in economic developmentRole of entrepreneurs in economic development
Role of entrepreneurs in economic development
 
Five Stages of Social Entrepreneurship
Five Stages of Social EntrepreneurshipFive Stages of Social Entrepreneurship
Five Stages of Social Entrepreneurship
 
Intrapreneurship
IntrapreneurshipIntrapreneurship
Intrapreneurship
 
The Venture Capital Process
The Venture Capital ProcessThe Venture Capital Process
The Venture Capital Process
 
social entrepreneurship.pptx
social entrepreneurship.pptxsocial entrepreneurship.pptx
social entrepreneurship.pptx
 
Entrepreneurial Venture and Its Components
Entrepreneurial Venture and Its ComponentsEntrepreneurial Venture and Its Components
Entrepreneurial Venture and Its Components
 

Viewers also liked

Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
Anupendra Sharma
 
Lecture 6 Social Entrepreneurship
Lecture 6   Social EntrepreneurshipLecture 6   Social Entrepreneurship
Lecture 6 Social EntrepreneurshipJames Carr
 
The challenge and risks of innovation in social entrepreneurship uel april 2011
The challenge and risks of innovation in social entrepreneurship uel april 2011The challenge and risks of innovation in social entrepreneurship uel april 2011
The challenge and risks of innovation in social entrepreneurship uel april 2011Tim Curtis
 
Social impact of Entrepreneurship
Social impact of EntrepreneurshipSocial impact of Entrepreneurship
Social impact of Entrepreneurship
Dhrumil Shah
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social EntrepreneurshipCarl Abugan
 
Introduction to Entrepreneurship
Introduction to EntrepreneurshipIntroduction to Entrepreneurship
Introduction to EntrepreneurshipJeronicaLogan
 
Entrepreneurship powerpoint slide
Entrepreneurship powerpoint slideEntrepreneurship powerpoint slide
Entrepreneurship powerpoint slide
Mahlatsi Lerato
 
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
Dr Igor Calzada, MBA, FeRSA
 
Action Research for Social Entrepreneurship Education (Large Format)
Action Research for Social Entrepreneurship Education (Large Format)Action Research for Social Entrepreneurship Education (Large Format)
Action Research for Social Entrepreneurship Education (Large Format)Spencer Arnold
 
AISTS MSA 2014 Research Paper - LIU NANCY
AISTS MSA 2014 Research Paper - LIU NANCYAISTS MSA 2014 Research Paper - LIU NANCY
AISTS MSA 2014 Research Paper - LIU NANCYNancy Liu
 
Social Entrepreneurship and Undergraduate Research
Social Entrepreneurship and Undergraduate ResearchSocial Entrepreneurship and Undergraduate Research
Social Entrepreneurship and Undergraduate Research
Paul Rogers
 
social entrepreneurship paper presentation
social entrepreneurship paper presentationsocial entrepreneurship paper presentation
social entrepreneurship paper presentationKrutika Deshpande
 
Csr manager perfomance appraisal 2
Csr manager perfomance appraisal 2Csr manager perfomance appraisal 2
Csr manager perfomance appraisal 2tonychoper3204
 
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
dr m m bagali, phd in hr
 
Marketing Research Paper II
Marketing Research Paper IIMarketing Research Paper II
Marketing Research Paper IIJoanne Palad
 
Entrepreneurial environment & infrastructure
Entrepreneurial environment & infrastructureEntrepreneurial environment & infrastructure
Entrepreneurial environment & infrastructure
Manish Kaushik
 
Concept of entrepreneurship (1)
Concept of entrepreneurship (1)Concept of entrepreneurship (1)
Concept of entrepreneurship (1)
Ankita Sood
 

Viewers also liked (20)

Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
 
Lecture 6 Social Entrepreneurship
Lecture 6   Social EntrepreneurshipLecture 6   Social Entrepreneurship
Lecture 6 Social Entrepreneurship
 
The challenge and risks of innovation in social entrepreneurship uel april 2011
The challenge and risks of innovation in social entrepreneurship uel april 2011The challenge and risks of innovation in social entrepreneurship uel april 2011
The challenge and risks of innovation in social entrepreneurship uel april 2011
 
Social impact of Entrepreneurship
Social impact of EntrepreneurshipSocial impact of Entrepreneurship
Social impact of Entrepreneurship
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
 
Introduction to Entrepreneurship
Introduction to EntrepreneurshipIntroduction to Entrepreneurship
Introduction to Entrepreneurship
 
Entrepreneurship powerpoint slide
Entrepreneurship powerpoint slideEntrepreneurship powerpoint slide
Entrepreneurship powerpoint slide
 
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
Social Entrepreneurship Research Colloquium Skool Centre Territories & Entrep...
 
Action Research for Social Entrepreneurship Education (Large Format)
Action Research for Social Entrepreneurship Education (Large Format)Action Research for Social Entrepreneurship Education (Large Format)
Action Research for Social Entrepreneurship Education (Large Format)
 
AISTS MSA 2014 Research Paper - LIU NANCY
AISTS MSA 2014 Research Paper - LIU NANCYAISTS MSA 2014 Research Paper - LIU NANCY
AISTS MSA 2014 Research Paper - LIU NANCY
 
Social Entrepreneurship and Undergraduate Research
Social Entrepreneurship and Undergraduate ResearchSocial Entrepreneurship and Undergraduate Research
Social Entrepreneurship and Undergraduate Research
 
Final
FinalFinal
Final
 
social entrepreneurship paper presentation
social entrepreneurship paper presentationsocial entrepreneurship paper presentation
social entrepreneurship paper presentation
 
Csr manager perfomance appraisal 2
Csr manager perfomance appraisal 2Csr manager perfomance appraisal 2
Csr manager perfomance appraisal 2
 
Entrepreneurship Research Paper
Entrepreneurship Research PaperEntrepreneurship Research Paper
Entrepreneurship Research Paper
 
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
M M Bagali, PhD, Research paper, MBA Faculty, HRM, HR, HRD, PhD in HR and Man...
 
Hrm term paper ppt
Hrm term paper pptHrm term paper ppt
Hrm term paper ppt
 
Marketing Research Paper II
Marketing Research Paper IIMarketing Research Paper II
Marketing Research Paper II
 
Entrepreneurial environment & infrastructure
Entrepreneurial environment & infrastructureEntrepreneurial environment & infrastructure
Entrepreneurial environment & infrastructure
 
Concept of entrepreneurship (1)
Concept of entrepreneurship (1)Concept of entrepreneurship (1)
Concept of entrepreneurship (1)
 

Similar to Social entrepreneurship research paper

A conceptual study of social entrepreneurship
A conceptual study of social entrepreneurshipA conceptual study of social entrepreneurship
A conceptual study of social entrepreneurship
deshwal852
 
Would for profit benefit rather than destroy non
Would for profit benefit rather than destroy nonWould for profit benefit rather than destroy non
Would for profit benefit rather than destroy nonAlexander Decker
 
5 Steps to Building a Social Enterprise.pdf
5 Steps to Building a Social Enterprise.pdf5 Steps to Building a Social Enterprise.pdf
5 Steps to Building a Social Enterprise.pdf
Mr. Business Magazine
 
Social entrepreneurship in bangladesh
Social  entrepreneurship in bangladeshSocial  entrepreneurship in bangladesh
Social entrepreneurship in bangladesh
nazmul3f
 
Importance of social entrepreneurship.pdf
Importance of social entrepreneurship.pdfImportance of social entrepreneurship.pdf
Importance of social entrepreneurship.pdf
Realtime action
 
Social enterprise by the FreshTeam
Social enterprise by the FreshTeamSocial enterprise by the FreshTeam
Social enterprise by the FreshTeam
Tenant Central - managed by TPAS England
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
Tryakshari pasala
 
SMALL ENTERPRISES OF BD
SMALL ENTERPRISES OF BDSMALL ENTERPRISES OF BD
SMALL ENTERPRISES OF BD
Nazmul Alam
 
social entrepreneurshil
social entrepreneurshilsocial entrepreneurshil
social entrepreneurshil
Sameer Chandrakar
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
Omar de Silva
 
UNIT IV: BUSINESS BEYOND PROFIT
UNIT IV: BUSINESS BEYOND PROFITUNIT IV: BUSINESS BEYOND PROFIT
UNIT IV: BUSINESS BEYOND PROFIT
pazgodiosaplantilla
 
Module 2 becoming an entrepreneur class note 1
Module 2 becoming an entrepreneur class note 1Module 2 becoming an entrepreneur class note 1
Module 2 becoming an entrepreneur class note 1
AroobaIrfan
 
Module 5 social enterprise - a key integration and progression tool
Module 5   social enterprise - a key integration and progression toolModule 5   social enterprise - a key integration and progression tool
Module 5 social enterprise - a key integration and progression tool
caniceconsulting
 
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
ijtsrd
 
ADVOCACY PLAN Social Entrepreneurship as a Social Involvement Program of the...
ADVOCACY PLAN  Social Entrepreneurship as a Social Involvement Program of the...ADVOCACY PLAN  Social Entrepreneurship as a Social Involvement Program of the...
ADVOCACY PLAN Social Entrepreneurship as a Social Involvement Program of the...
Ashley Smith
 
More than Simply "Doing Good" A Definition of 'Changemaker'
More than Simply "Doing Good" A Definition of 'Changemaker'More than Simply "Doing Good" A Definition of 'Changemaker'
More than Simply "Doing Good" A Definition of 'Changemaker'
Stephen Maud
 
unit1
unit1unit1
unit1
DejeneDay
 
Unit 1. Introduction to Corporate Social Responsibility.ppt
Unit 1. Introduction to Corporate Social Responsibility.pptUnit 1. Introduction to Corporate Social Responsibility.ppt
Unit 1. Introduction to Corporate Social Responsibility.ppt
RohitPawar477072
 
ASIS Project - Training train the trainer final-3
ASIS Project - Training train the trainer final-3ASIS Project - Training train the trainer final-3
ASIS Project - Training train the trainer final-3
armelleguillermet
 

Similar to Social entrepreneurship research paper (20)

A conceptual study of social entrepreneurship
A conceptual study of social entrepreneurshipA conceptual study of social entrepreneurship
A conceptual study of social entrepreneurship
 
Would for profit benefit rather than destroy non
Would for profit benefit rather than destroy nonWould for profit benefit rather than destroy non
Would for profit benefit rather than destroy non
 
5 Steps to Building a Social Enterprise.pdf
5 Steps to Building a Social Enterprise.pdf5 Steps to Building a Social Enterprise.pdf
5 Steps to Building a Social Enterprise.pdf
 
Social entrepreneurship in bangladesh
Social  entrepreneurship in bangladeshSocial  entrepreneurship in bangladesh
Social entrepreneurship in bangladesh
 
Importance of social entrepreneurship.pdf
Importance of social entrepreneurship.pdfImportance of social entrepreneurship.pdf
Importance of social entrepreneurship.pdf
 
Social enterprise by the FreshTeam
Social enterprise by the FreshTeamSocial enterprise by the FreshTeam
Social enterprise by the FreshTeam
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
SMALL ENTERPRISES OF BD
SMALL ENTERPRISES OF BDSMALL ENTERPRISES OF BD
SMALL ENTERPRISES OF BD
 
social entrepreneurshil
social entrepreneurshilsocial entrepreneurshil
social entrepreneurshil
 
Bussiness and socity
Bussiness and socityBussiness and socity
Bussiness and socity
 
Social Entrepreneurship
Social EntrepreneurshipSocial Entrepreneurship
Social Entrepreneurship
 
UNIT IV: BUSINESS BEYOND PROFIT
UNIT IV: BUSINESS BEYOND PROFITUNIT IV: BUSINESS BEYOND PROFIT
UNIT IV: BUSINESS BEYOND PROFIT
 
Module 2 becoming an entrepreneur class note 1
Module 2 becoming an entrepreneur class note 1Module 2 becoming an entrepreneur class note 1
Module 2 becoming an entrepreneur class note 1
 
Module 5 social enterprise - a key integration and progression tool
Module 5   social enterprise - a key integration and progression toolModule 5   social enterprise - a key integration and progression tool
Module 5 social enterprise - a key integration and progression tool
 
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...
 
ADVOCACY PLAN Social Entrepreneurship as a Social Involvement Program of the...
ADVOCACY PLAN  Social Entrepreneurship as a Social Involvement Program of the...ADVOCACY PLAN  Social Entrepreneurship as a Social Involvement Program of the...
ADVOCACY PLAN Social Entrepreneurship as a Social Involvement Program of the...
 
More than Simply "Doing Good" A Definition of 'Changemaker'
More than Simply "Doing Good" A Definition of 'Changemaker'More than Simply "Doing Good" A Definition of 'Changemaker'
More than Simply "Doing Good" A Definition of 'Changemaker'
 
unit1
unit1unit1
unit1
 
Unit 1. Introduction to Corporate Social Responsibility.ppt
Unit 1. Introduction to Corporate Social Responsibility.pptUnit 1. Introduction to Corporate Social Responsibility.ppt
Unit 1. Introduction to Corporate Social Responsibility.ppt
 
ASIS Project - Training train the trainer final-3
ASIS Project - Training train the trainer final-3ASIS Project - Training train the trainer final-3
ASIS Project - Training train the trainer final-3
 

More from BUEntrepreneurship

The green rush
The green rushThe green rush
The green rush
BUEntrepreneurship
 
The green rush comments
The green rush commentsThe green rush comments
The green rush comments
BUEntrepreneurship
 
The green rush
The green rush The green rush
The green rush
BUEntrepreneurship
 
Product relaunch and rebranding research paper
Product relaunch and rebranding research paper Product relaunch and rebranding research paper
Product relaunch and rebranding research paper
BUEntrepreneurship
 
Product relaunch and rebranding power point
Product relaunch and rebranding power point Product relaunch and rebranding power point
Product relaunch and rebranding power point
BUEntrepreneurship
 
Online retail industry research paper
Online retail industry research paperOnline retail industry research paper
Online retail industry research paper
BUEntrepreneurship
 
Keep it in the family research paper
Keep it in the family research paperKeep it in the family research paper
Keep it in the family research paper
BUEntrepreneurship
 
The effects of experiential learning and entrepreneurship
The effects of experiential learning and entrepreneurshipThe effects of experiential learning and entrepreneurship
The effects of experiential learning and entrepreneurship
BUEntrepreneurship
 
What is crowdfunding
What is crowdfundingWhat is crowdfunding
What is crowdfunding
BUEntrepreneurship
 
What is crowdfunding research paper
What is crowdfunding research paperWhat is crowdfunding research paper
What is crowdfunding research paper
BUEntrepreneurship
 
Successful family business
Successful family businessSuccessful family business
Successful family business
BUEntrepreneurship
 
Successful family business final paper
Successful family business final paperSuccessful family business final paper
Successful family business final paper
BUEntrepreneurship
 
Successful family business comment about project
Successful family business comment about projectSuccessful family business comment about project
Successful family business comment about project
BUEntrepreneurship
 
Self publishing for entrepreneurs research paper
Self publishing for entrepreneurs research paperSelf publishing for entrepreneurs research paper
Self publishing for entrepreneurs research paper
BUEntrepreneurship
 
Mobile application in the marketplace research paper
Mobile application in the marketplace research paperMobile application in the marketplace research paper
Mobile application in the marketplace research paper
BUEntrepreneurship
 
Mobile application in the marketplace comment about project
Mobile application in the marketplace comment about projectMobile application in the marketplace comment about project
Mobile application in the marketplace comment about project
BUEntrepreneurship
 
Marketing to millennials research paper
Marketing to millennials research paperMarketing to millennials research paper
Marketing to millennials research paper
BUEntrepreneurship
 
Family business succession research paper
Family business succession research paperFamily business succession research paper
Family business succession research paper
BUEntrepreneurship
 
Creating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paperCreating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paper
BUEntrepreneurship
 
Bishops university entrepreneurship culture
Bishops university entrepreneurship cultureBishops university entrepreneurship culture
Bishops university entrepreneurship culture
BUEntrepreneurship
 

More from BUEntrepreneurship (20)

The green rush
The green rushThe green rush
The green rush
 
The green rush comments
The green rush commentsThe green rush comments
The green rush comments
 
The green rush
The green rush The green rush
The green rush
 
Product relaunch and rebranding research paper
Product relaunch and rebranding research paper Product relaunch and rebranding research paper
Product relaunch and rebranding research paper
 
Product relaunch and rebranding power point
Product relaunch and rebranding power point Product relaunch and rebranding power point
Product relaunch and rebranding power point
 
Online retail industry research paper
Online retail industry research paperOnline retail industry research paper
Online retail industry research paper
 
Keep it in the family research paper
Keep it in the family research paperKeep it in the family research paper
Keep it in the family research paper
 
The effects of experiential learning and entrepreneurship
The effects of experiential learning and entrepreneurshipThe effects of experiential learning and entrepreneurship
The effects of experiential learning and entrepreneurship
 
What is crowdfunding
What is crowdfundingWhat is crowdfunding
What is crowdfunding
 
What is crowdfunding research paper
What is crowdfunding research paperWhat is crowdfunding research paper
What is crowdfunding research paper
 
Successful family business
Successful family businessSuccessful family business
Successful family business
 
Successful family business final paper
Successful family business final paperSuccessful family business final paper
Successful family business final paper
 
Successful family business comment about project
Successful family business comment about projectSuccessful family business comment about project
Successful family business comment about project
 
Self publishing for entrepreneurs research paper
Self publishing for entrepreneurs research paperSelf publishing for entrepreneurs research paper
Self publishing for entrepreneurs research paper
 
Mobile application in the marketplace research paper
Mobile application in the marketplace research paperMobile application in the marketplace research paper
Mobile application in the marketplace research paper
 
Mobile application in the marketplace comment about project
Mobile application in the marketplace comment about projectMobile application in the marketplace comment about project
Mobile application in the marketplace comment about project
 
Marketing to millennials research paper
Marketing to millennials research paperMarketing to millennials research paper
Marketing to millennials research paper
 
Family business succession research paper
Family business succession research paperFamily business succession research paper
Family business succession research paper
 
Creating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paperCreating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paper
 
Bishops university entrepreneurship culture
Bishops university entrepreneurship cultureBishops university entrepreneurship culture
Bishops university entrepreneurship culture
 

Recently uploaded

How To Leak-Proof Your Magazine Business
How To Leak-Proof Your Magazine BusinessHow To Leak-Proof Your Magazine Business
How To Leak-Proof Your Magazine Business
Charlie McDermott
 
Strategic Analysis of Starbucks Coffee Company - MBA.docx
Strategic Analysis of Starbucks Coffee Company - MBA.docxStrategic Analysis of Starbucks Coffee Company - MBA.docx
Strategic Analysis of Starbucks Coffee Company - MBA.docx
RAJU MAKWANA
 
Web Technology LAB MANUAL for Undergraduate Programs
Web Technology  LAB MANUAL for Undergraduate ProgramsWeb Technology  LAB MANUAL for Undergraduate Programs
Web Technology LAB MANUAL for Undergraduate Programs
Chandrakant Divate
 
Dining Tables and Chairs | Furniture Store in Sarasota, Florida
Dining Tables and Chairs | Furniture Store in Sarasota, FloridaDining Tables and Chairs | Furniture Store in Sarasota, Florida
Dining Tables and Chairs | Furniture Store in Sarasota, Florida
The Sarasota Collection Home Store
 
Best Crypto Marketing Ideas to Lead Your Project to Success
Best Crypto Marketing Ideas to Lead Your Project to SuccessBest Crypto Marketing Ideas to Lead Your Project to Success
Best Crypto Marketing Ideas to Lead Your Project to Success
Intelisync
 
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota CollectionOffice Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
The Sarasota Collection Home Store
 
Showcase Portfolio- Marian Andrea Tana.pdf
Showcase Portfolio- Marian Andrea Tana.pdfShowcase Portfolio- Marian Andrea Tana.pdf
Showcase Portfolio- Marian Andrea Tana.pdf
MarianAndreaSTana
 

Recently uploaded (7)

How To Leak-Proof Your Magazine Business
How To Leak-Proof Your Magazine BusinessHow To Leak-Proof Your Magazine Business
How To Leak-Proof Your Magazine Business
 
Strategic Analysis of Starbucks Coffee Company - MBA.docx
Strategic Analysis of Starbucks Coffee Company - MBA.docxStrategic Analysis of Starbucks Coffee Company - MBA.docx
Strategic Analysis of Starbucks Coffee Company - MBA.docx
 
Web Technology LAB MANUAL for Undergraduate Programs
Web Technology  LAB MANUAL for Undergraduate ProgramsWeb Technology  LAB MANUAL for Undergraduate Programs
Web Technology LAB MANUAL for Undergraduate Programs
 
Dining Tables and Chairs | Furniture Store in Sarasota, Florida
Dining Tables and Chairs | Furniture Store in Sarasota, FloridaDining Tables and Chairs | Furniture Store in Sarasota, Florida
Dining Tables and Chairs | Furniture Store in Sarasota, Florida
 
Best Crypto Marketing Ideas to Lead Your Project to Success
Best Crypto Marketing Ideas to Lead Your Project to SuccessBest Crypto Marketing Ideas to Lead Your Project to Success
Best Crypto Marketing Ideas to Lead Your Project to Success
 
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota CollectionOffice Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
Office Furniture | Furniture Store in Sarasota, Florida | Sarasota Collection
 
Showcase Portfolio- Marian Andrea Tana.pdf
Showcase Portfolio- Marian Andrea Tana.pdfShowcase Portfolio- Marian Andrea Tana.pdf
Showcase Portfolio- Marian Andrea Tana.pdf
 

Social entrepreneurship research paper

  • 1. Bishop’s University Social Entrepreneurship Creating Change in the Global Community Topics in Entrepreneurship For: Steve Karpenko BMG 320 By: Adam Hargreaves, Rebecca Knox April 8th , 2015
  • 2. 2   Social  Entrepreneurship   Table of contents 1.0 Abstract 2.0 What is a social enterprise? 2.1 Entrepreneurship definition 2.2 Social Entrepreneurship Definition 2.3 Types of Social Ventures 2.4 Why is it needed? 3.0 History of Social Entrepreneurship 3.1 Early Social Entrepreneurship 3.2 Modern Social Entrepreneurship 4.0 Financial Constraints 4.1 Government Grants 4.2 Crowdfunding 4.3 Venture Philanthropy 5.0 How Can the Field Attract Talented Workers? 5.1 What Are We Looking For? 5.2 “Mass Recruiters” 5.3 A Case: Teach For America 6.0 How Government & Social Entrepreneurs Work Together 6.1 What is Currently Happening? 6.2 What Government Can Do 7.0 How Do Schools Nurture Social Entrepreneurship 7.1 University Level 7.2 Earlier Years 7.3 Where Can We Go From Here? 8.0 Discussion      
  • 3. 1.0  Abstract   The primary goals with regards to our research were to define in our own terms what constitutes being a social entrepreneur- essentially being an entrepreneur with social causes being at the forefront. Additionally, we hoped to learn from this research so that we may begin to create a dialogue surrounding the creation of a unique Canadian model for needs specific to our communities. We found the use of a social enterprise can achieve not just social but financial growth all while improving the community. We have looked at specific cases of social entrepreneurs to attempt to assess what they have done right and where they could have used help. Through assessing these cases of success and failure stories, we hoped to gather knowledge so that we can ground it in our own cultural backgrounds and eventually present ideas on how to establish a social enterprise within our communities. We researched both quantitative as well as qualitative data as we felt this would help us paint a better picture of the social enterprise atmosphere in Canada. We focused our research on six main ideas within the spectrum related to social entrepreneurship. Each one of these sections deals with a specific aspect of a social enterprise- each serving it’s own important function within the well-oiled machine that is social entrepreneurship.            
  • 4. 4   Social  Entrepreneurship   2.0  What  Is  A  Social  Enterprise?   2.1  Entrepreneurship  Definition   To  understand  Social  entrepreneurship  we  first  would  like  to  define   entrepreneurship  to  help  in  comparing  and  contrasting  the  two.  Entrepreneurship  is   “the  process  of  creating  value  by  bringing  together  a  unique  package  of  resources  to   exploit  an  opportunity.”(Forbat,  2007).  The  main  goal  of  typical  entrepreneurship  is   to  maximize  profits  and  shareholders  wealth.       2.2  Social  Entrepreneurship  Definition   In  its  simplest  form  social  entrepreneurship  is  “the  use  of  business  practices  and   techniques  in  an  attempt  to  solve  social  problems  in  a  sustainable  way.”(The  new   Heroes,  2005).  How  this  concept  is  applied  to  actual  real  world  situations  ranges   tremendously.     The  definition  for  social  entrepreneurship  has  long  been  debated  amongst   the  business  community  as  to  what  exactly  makes  a  social  enterprise  count  as  a   social  and  not  a  business  enterprise.  So  far  there  has  not  been  a  consensus  as  to   what  makes  a  social  entrepreneur.  Does  any  business  count  as  a  social  enterprise   because  they  hire  people,  reducing  unemployment?  We  argue  no,  a  company  that   introduces  potato  chips  to  China  would  not  be  considered  a  social  entrepreneur   even  though  they  hire  thousands  of  people.  A  better  definition  of  social   entrepreneurship  is  a  process  where  people  build  or  change  institutions  to  advance   solutions  to  social  problems,  such  as  illiteracy,  illness,  human  rights,  environmental   destruction  and  corruption  with  the  purpose  of  improving  life.  (Bornstien  &  Davis.  
  • 5. 2010).  Not  just  trying  to  fix  but  understanding  how  an  issue  relates  to  society  allows   social  entrepreneurs  to  develop  ingenuous  solutions  and  to  mobilize  resources  to   help  society.  Unlike  traditional  businesses,  social  enterprises  focus  on  the   maximization  of  social  betterment,  rather  than  maximizing  profit  gains.  (Baron  &   Davis.  2010).       2.3  Types  of  Social  Ventures   In  “The  Power  Of  Unreasonable  people”,  John  Elkington  and  Pamela  Hartigan   categorize  social  entrepreneurs,  business  structures  as  falling  under  three  different   models,  varying  between  situations  and  economic  climates.  The  three  models  are,   leveraged  non-­‐profit,  hybrid  non-­‐profit  and  social  businesses.(Elkington  &  Hartigan.   2007).  A  leveraged  non-­‐profit  venture  needs  external  financing  in  order  to  operate   and  provide  a  public  good.  On  the  other  hand,  a  hybrid  non-­‐profit  venture  retains  a   portion  of  its  profits  in  order  to  maintain  operations  and  further  social  good.  Finally   a  social  business  venture  generates  profits,  the  difference  being  they  reinvest  this   profit  to  further  social  benefits  instead  of  returning  the  profits  to  their  shareholders.   .(Elkington.  &  Hartigan.  2007).  Companies  may  transition  between  stages  as  they   grow,  starting  as  a  leveraged  non-­‐profit  until  they  eventually  have  enough  profits  to   be  self-­‐sustainable  and  become  a  Social  Business  venture.       2.4  Why  is  it  Needed?   Why  have  social  enterprises?  Why  not  use  regular  business  or  the  government  to   solve  these  social  issues?  One  reason  social  entrepreneurship  is  needed  is  most  
  • 6. 6   Social  Entrepreneurship   businesses  will  look  at  a  social  problem  and  not  see  large  profit  growth  therefore   will  not  waste  investor  capital  on  this  venture.  Business  entrepreneurships  need  to   maximize  shareholder  wealth  once  publicly  listed  and  social  programs  don’t  always   have  the  highest  monetary  return.  The  reason  we  cant  rely  on  Government  to  solve   these  problems  is  typically  governments  term  is  four  years,  which  leads  to  a   constant  cycle  of  people  starting  projects  and  not  completing  them  or  only   producing  short  term  solutions  to  be  re-­‐elected  in  the  next  term.  Social   entrepreneurs  on  the  other  hand  are  focused  on  the  social  return  and  are  willing  to   have  slow  profit  growth  and  will  stay  with  the  project  till  a  solution  is  met,  this  leads   to  more  sustainable  and  long-­‐term  solutions.   Another  reason  people  may  want  to  start  looking  into  social   entrepreneurship  is  due  to  ‘Deloitte’s  global  2015  millennial  survey’,  which  found   that  Millennials  believe  a  successful  business  should  be  measured  in  more  then  just   financial  performance,  but  also  believe  businesses  should  seek  to  improve  society.   Millennials  are  also  very  charitable  and  strive  to  improve  social  life;  63  percent  of   Mellennials  have  donated  to  charity,  43  percent  have  actively  volunteered  and  52   percent  have  signed  petitions.  (Deloitte,2015).  What  this  means  for  business  owners   is  the  next  generation  of  the  workforce  doesn’t  want  to  work  for  the  typical  “greedy”   business  world.  They  want  to  be  part  of  a  company  that  attempts  to  improve  the   world.  Therefore  in  order  to  attract  future  leaders  companies  need  to  become  social   enterprises  that  serve  a  higher  purpose  as  well  as  produce  profits.        
  • 7.   3.0  History  of  Social  Entrepreneurship   Credit  for  popularizing  the  term  “Social  Entrepreneurship”  can  be  given  to  William   Drayton,  founder  of  Ashoka  the  world’s  first  organization  to  promote  social   entrepreneurship.  During  a  visit  to  India  in  the  early  1980’s  Drayton  was  inspired   by  Vinoda  Bhave’s  “land  gift  movement”,  which  aimed  to  break  the  poverty  cycle  by   getting  the  richer  people  to  give  their  land  up  so  it  could  be  more  fairly  distributed   to  the  less  wealthy  people.  The  success  of  this  movement  showed  Drayton  the   effectiveness  of  social  entrepreneurship  in  making  change  for  the   better.(Leadbeater,  1996).  Ashoka  is  now  a  worldwide  company  promoting  the  idea   of  creating  social  change  through  the  use  of  an  informative  website.  Ashoka  offers   advice  on  financing  and  support  for  social  entrepreneurs  in  all  different  types  of   economic  climates  around  the  world.       3.1  Early  Social  Entrepreneurship   Although  the  term  was  only  made  popular  35  years  ago  social  entrepreneurs  have   always  existed,  in  the  past  however  they  were  called  visionaries,  humanitarians,   philanthropists  or  saints.  (Bornstein  &  Davis.  2010).  Some  early  pioneers  of  social   entrepreneurship  are:       1.  Robert  Owen  (1771-­‐1858)  –  This  mill  owner  was  a  pioneer  in  the  social   entrepreneurship  movement.  He  improved  working  conditions  at  factories;  he  also   laid  the  foundation  of  the  cooperative  movement  by  starting  a  store  for  factory  
  • 8. 8   Social  Entrepreneurship   workers  to  buy  goods  for  a  little  more  then  wholesale  price.  Leading  to  a  better   quality  of  life  for  all  his  workers.  (Owen,  1908)     2.  Florence  Nightingale  (1820-­‐1910)  –  Arguably  one  of  the  most  famous  social   entrepreneurs  in  history,  Florence  founded  the  first  nursing  school  and  outlined   modern  nursing  practices.  This  has  saved  countless  lives  and  continues  to  today.     (Florence,  Nightingale,  2015)     3.  William  Booth  (1829-­‐1912)  –  William  and  his  wife  started  the  East  London   Christian  Mission  in  1865  to  bring  the  Christian  message  to  those  in  need  by   meeting  their  physical  and  spiritual  needs.  He  later  rebranded  in  1878  to  Salvation   Army  open  to  all  races,  and  needs.  (Salvation  Army,  2015).           In  the  past  Social  Entrepreneurs  were  typically  non-­‐profit  organizations   relying  on  external  financing  to  continue  their  social  good.  This  method  can  work   and  is  used  around  the  world  even  today  but  charitable  programs  tend  to  have  less   long  lasting  effect  as  they  are  not  self  sustainable  and  are  constantly  looking  for   more  funding.  This  all  started  to  change  as  we  entered  the  21st  century  and  social   entrepreneurship  began  to  be  redefined,  no  longer  relying  on  others  to  remain  open   but  finding  creative  ways  to  have  social  impact,  while  making  enough  profit  to  be   sustainable.      
  • 9. 3.2  Modern  Social  Entrepreneurship   In  later  years  social  entrepreneurships  have  changed  from  charitable  organizations   to  actual  businesses  that  are  able  to  more  effectively  solve  social  problems  while   still  being  self-­‐sustainable.                      Technology  has  had  a  major  influence  in  social  entrepreneurship  becoming  a   global  movement,  more  particularly  the  internet  and  social  networking  have  had  the   largest  impact  allowing  social  entrepreneurs  to  collaborate  and  share  ideas  must   faster  then  ever  before.  (Malecki,  1997).  The  Internet  has  enabled  social   entrepreneurs  to  spread  their  ideas  globally  with  little  to  no  money  on  open  source   websites,  this  has  lead  to  the  global  community  coming  together  to  solve  local   problems  by  collaborating  online.  Some  examples  of  social  ventures  that  have   succeeded  thanks  to  new  technology  include  companies  such  as  ‘Khan  Academy’.   Khan  Academy  is  a  website  that  uses  instructional  videos  to  allow  anyone  with   access  to  a  computer,  the  ability  to  learn  a  range  of  subjects  at  their  own  pace,  for   zero  cost.  Khan  Academy’s  goal  is  to  increase  education  worldwide.  (Khan  Academy,   2015).     Toms  shoes  also  became  a  global  brand  through  social  networking,  founded   by  Blake  Mycoskie  in  Arlington  Texas,  it  is  a  for  profit  business,  Toms  social  swing   is,  for  every  pair  of  shoes  sold  a  new  pair  is  given  to  an  impoverished  child,  “the  one   for  one  concept”.  (Walkley.  2009).  Toms  spread  their  campaign  and  ideal  across   social  media  and  quickly  became  one  of  the  most  well-­‐known  shoe  companies  in  the   world,  using  their  social  movement  as  a  positive  marketing  tool.  Toms  has  expanded   their  product  range,  now  supplying,  eye  exams,  birthing  classes  and  access  to  water  
  • 10. 10   Social  Entrepreneurship   to  underprivileged  people  in  third  world  countries.  To  date  Toms  has  helped  restore   sight  for  275,000  people,  supplied  67,000  weeks  of  safe  drinking  water  and  helped   train  40  million  women  across  the  globe  on  safe  birthing  practices.  (Toms.ca,  2015).   Toms  is  a  very  good  example  of  a  modern  social  business  venture  because  they   make  a  large  profit  but  reinvest  a  majority  back  into  the  social  programs  they  have   set  up.       4.0  Financial  Constraints   Social  entrepreneurs  have  proven  that  they  are  able  to  improve  social  problems  and   make  a  difference  but  are  often  hindered  by  a  lack  of  funding  and  have  trouble   finding  traditional  investors  willing  to  invest  in  social  problems.  A  business  that   does  not  promise  profits  within  five  to  seven  years  will  not  attract  traditional   investment  no  matter  how  important  their  work  is.  Social  businesses  are  typically   able  to  be  self-­‐sustainable  once  up  and  running  but  for  the  non-­‐profit  social   enterprises  they  rely  on  foundations,  philanthropists  or  governments,  all  options   typically  consisting  of  modest  sized  investments  that  are  relatively  short  term.   (Bornstein  &  Davis.  2010).    Social  entrepreneurs  have  a  hard  time  receiving   traditional  finance  due  to  their  business  plan,  which  puts  social  impact  at  the  top  of   its  priorities,  compared  to  traditional  businesses  that  are  focused  on  monetary   return.  Social  entrepreneurs  have  difficulty  receiving  funding  from  governments,  as   they  typically  like  to  pay  for  services  as  they  are  delivered,  rather  then  investing  in  a   long-­‐term  solution.  (Bornstein  &  Davis.  2010).  A  new  form  of  financing  has  started   to  emerge  called  venture  philanthropy,  a  type  of  venture  capitalist  who  seeks  social  
  • 11. impact  over  monetary  growth.  (Weiss  &  Clark.  2015).  Although  this  new  type  of   investment  is  exciting  for  the  world  of  social  entrepreneurship  it  is  still  in  its  early   stages  and  not  very  many  venture  philanthropists  institutions  exist.  Social   entrepreneurs  are  starting  to  combine  all  the  different  types  of  funding,  including   grants,  bank  loans,  crowd  funding  and  venture  philanthropy  together  in  order  to   achieve  maximum  social  impact.  The  most  common  and  new  forms  of  financing  a   social  enterprise  are  described  in  detail  below.       4.1  Government  Grants   One  of  the  main  sources  social  entrepreneurs  seek  funding  from  is  the  government   as  they  have  the  resources  to  fund  social  programs  and  the  motive  to  create  social   impact.  Typically  receiving  government  funding  gives  more  credibility  to  an   organization;  if  they  are  consistently  receiving  grants  and  winning  competitions  for   funding  they  may  attract  additional  investors  as  a  result.  (Sherman,  2004).  Another   benefit  of  government  funding  is  it  can  sometimes  be  accompanied  by  professional   assistance.  The  government  who  is  providing  the  grant  my  also  offer  workshops,   seminars  and  consulting  in  order  to  help  the  social  enterprise  grow  and  maximize   impact.  Government  grants  can  also  help  improve  their  network  by  introducing   them  to  a  larger  group  of  social  entrepreneurs.  Sometimes  governments  will  bring   together  all  the  recipients  of  a  particular  grant  in  order  to  expand  their  network,  as   well  as  compare  experience  and  increase  awareness  of  other  potential  funding  or   resources  for  that  particular  type  of  venture.  (Canada  Business,  2014).    
  • 12. 12   Social  Entrepreneurship   Even  with  these  benefits  some  social  enterprises  decide  to  stay  away  from   government  grants  for  a  couple  of  reasons.  To  qualify  for  funding  organizations  may   have  to  reshape  their  business  in  order  to  fit  in  the  guidelines  set  out  by  the   government,  this  may  be  hard  to  do  while  still  maintaining  the  social  ideal.  Another   downside  to  government  grants  is  the  monitoring  of  your  business;  typically  larger   grants  will  come  with  a  stipulation  that  the  business  practices  and  performance  will   be  monitored.  (Sherman,  2004).  Some  entrepreneurs  find  this  monitoring  to  be   quite  intrusive  and  may  decide  to  avoid  government  grants  for  this  reason.   Potentially  costly  problems  with  government  grants  are  some  work  on  a   reimbursement  basis,  making  businesses  upfront  the  costs  and  submit  cost  reports   then  wait  for  reimbursement.  This  would  not  be  bad  if  it  weren’t  for  governments   being  notoriously  slow  in  payback,  sometimes  going  two  too  three  months  before   reimbursement  is  received.  (Sherman,  2004).  For  a  social  enterprise  that  is  well   organized  and  likes  taking  direction  a  government  grant  may  be  a  good  source  of   financing,  as  it  cost  nothing  other  then  time  to  receive  a  grant.  For  others  the  lack  of   certainty  and  availability  of  loans  may  make  government  grants  a  bad  decision   when  finding  financing.       4.2  Crowdfunding   One  of  the  more  recent  and  most  successful  forms  of  financing  is  a  concept  known  as   crowd  funding,  (or  crowdsourcing).  Tripling  in  the  last  year  becoming  a  16  billion   dollar  industry  Crowdfunding  is  quickly  turning  into  one  of  social  entrepreneurs   favorite  avenues  for  financing.  (Clifford,  2015).  Crowdfunding  is  an  Internet  based  
  • 13. form  of  funding  that  doesn’t  ask  for  one  large  loan  but  instead  asks  for  many  small   loans  from  multiple  individuals  to  reach  a  large  fundraising  goal.  (Lambert  &   Schwienbacher.  2010)  Instead  of  offering  equity  like  a  typical  public  investment,   crowd  funding  often  uses  a  reward  program,  which  offers  incentives  that  increase  in   value  as  the  value  of  the  donation  increases,  in  some  unique  cases  it  may  be  strictly   donation  based.(  Ordanini,  et  al,  2011).    These  incentives  typically  are  products   offered  by  the  company  or  products  made  specifically  for  the  crowd  funding   campaign.    This  method  avoids  traditional  funding  such  as  banks  and  grants;  crowd   funding  goes  directly  to  the  consumer  and  asks  for  help  in  getting  a  project  off  the   ground  or  to  the  next  step.  Crowd  funding  has  become  a  popular  avenue  for  social   entrepreneurs  to  receive  funding  as  it  is  easier  to  convince  the  public  to  invest  in   social  good  and  is  much  less  risk  for  multiple  investors  putting  in  small  amounts   compared  to  traditional  financers  taking  on  the  full  risk  of  the  entire  loan.  Some   benefits  of  Crowdfunding  is  it  is  essentially  a  marketing  tool  as  much  as  it  is  an   investment  tool,  companies  are  able  to  spread  their  business  idea  to  a  very  large   audience  and  intern  may  meet  others  who  share  similar  ideas.  A  Crowdfunding   campaign  is  fairly  simple  to  put  together  compared  to  a  traditional  business  plan   needed  for  most  loans  or  grants.  Crowdfunding  uses  videos  and  visuals  and  usually   consists  of  a  pitch  about  the  idea  or  product  in  an  informal  manner.  Crowdfunding   campaigns  also  normally  receive  a  lot  of  feedback  on  their  idea  and  this  may  help   maximize  their  impact  having  input  from  others.  In  other  industries  the  fear  of   people  copying  the  idea  is  considered  a  con,  in  social  entrepreneurship  most   encourage  others  to  go  out  and  do  a  social  good  using  their  idea,  this  can  be  seen  as  
  • 14. 14   Social  Entrepreneurship   a  plus  depending  on  the  goals  of  the  entrepreneur.  (Isenberg,  2012).  The  United   states  also  recently  passed  a  law  allowing  entrepreneurs  to  sell  small  shares  in  their   company  on  a  Crowdfunding  style  platform,  this  would  avoid  the  heavy  cost  of  going   public  and  could  see  a  new  type  of  investor  using  Crowdfunding.  People  will  now   receive  payment  if  the  project  succeeds  so  they  will  be  invested  in  its  progress  more   then  with  previous  Crowdfunding  campaigns.  (Finley,  2015).  Crowdfunding  is  seen   as  a  very  viable  option  for  social  entrepreneurs  seeking  funding  and  has  a  very   promising  future  as  the  world  comes  closer  with  technology  and  millennials  starts   addressing  social  issues  together.       4.3  Venture  Philanthropy   Venture  capitalism  has  been  around  for  as  long  as  entrepreneurs  have  been  around   investing  in  seemingly  risky  ventures  hoping  for  large  returns.  The  new  form  of  this   has  emerged  specifically  for  the  social  entrepreneurship  sector  known  as  venture   philanthropy.    Venture  philanthropy  uses  the  expertise  and  techniques  used  in   venture  capitalism  but  focuses  on  social  impact  over  return  on  investment.  They   measure  their  return  in  capacity  improvement  and  people  helped  over  monetary   growth.  It  is  estimated  that  there  are  40  institutional  funders  currently  using  this   approach,  investing  upwards  of  60  million  a  year  and  growing.  (Frumkin.  2003).   What  venture  philanthropist  are  trying  to  do  is  not  just  be  a  supplier  of  cash  like  a   charity,  but  instead  consult  and  work  with  social  institutions  so  they  can  further   their  social  impact  and  increase  reach  which  is  the  goal  of  a  Venture  Philanthropist.   (Frumkin,  2003).  
  • 15. Some  benefits  to  Venture  philanthropy  is  the  investors  are  looking  for  social   return  over  monetary  return,  so  entrepreneurs  are  able  to  focus  on  social   improvement  instead  of  having  to  worry  about  paying  back  a  loan.  Another  benefit   is  the  typical  length  of  a  venture  philanthropist  investment,  unlike  bank  loans  or   grants  that  are  typically  one  time  investments,  a  Venture  philanthropists  investment   is  typically  5-­‐7  years  and  can  go  far  beyond  that.  (Chauhan,  2015).  The  Benefit  of   this  is  Venture  Philanthropist  will  likely  add  more  money  as  they  see  the  project   growing  and  its  social  capacity  increasing.    Along  with  supplying  funds  Venture   philanthropist  will  typically  also  give  intellectual  and  human  capital  to  the  social   venture  they  have  invested  in.  (Chauhan,  2015).  Some  social  entrepreneurs  find   Venture  Philanthropy  the  best  fit  for  their  business  as  they  may  be  passionate  about   their  cause  but  benefit  from  having  a  business  consultant  to  make  their  venture   sustainable  therefore  furthering  its  impact  to  the  community.  Others  prefer  the   more  hands  off  approach  of  a  bank  loan,  opting  out  of  the  venture  philanthropist   team  member  approach  to  investing.       5.0  How  Can  the  Field  Attract  Talented  Workers?   5.1  What  Are  We  Looking  For?   Unlike  regular  businesses  that  follow  a  structured  business  model,  social   entrepreneurs  are  more  likely  to  create  solutions  to  problems  without  a  road  map,   or  plan  of  attack  per  se.  This  often  open  ended  work  calls  for  a  different  kind  of   brain,  a  revolutionary  thinker.  So  what  are  we  looking  for?  According  to  Bornstein   and  Davis:  
  • 16. 16   Social  Entrepreneurship   • Those  Looking  for  Rewarding  work  (More  Than  Money)   • Critical  thinkers,  decision  makers,  risk  takers   • Empathetic,  caring  individuals     • Socially  aware  individuals   As  previously  mentioned,  the  members  of  the  millennial  generation  have  both  a   strong  social  sensibility  as  well  as  social  responsibility.  (Deloitte,  2015)  This  shift   towards  a  more  socially  aware  generation  is  causing  a  shift  in  the  way  we  do   business  say  Bornstein  and  Davis.  Sagawa  and  Jospin  state  that  organizations,  much   like  individuals,  form  their  own  identities  and  personalities.  These  charismatic   personalities  act  as  a  magnet  for  attracting  individuals  who  are  equally  as   charismatic  and  passionate  about  the  same  issues.  (Sagawa  &  Jospin,  2008)  The   future  looks  bright  for  social  enterprises  with  an  incoming  workforce  that  values   rewarding  work  that  will  change  the  communities  they  are  a  part  of.       5.2  “Mass  Recruiters”   Bill  Drayton,  a  global  social  entrepreneur,  believes  that  the  utmost  important   success  factor  for  a  social  enterprise  is  the  acquisition  and  cultivation  of  great   potential.  (Drayton,  2006)  Drayton  believes  the  key  to  success  lies  within  inspiring   and  helping  young  minds  to  realize  what  they  can  be  capable  of.  Drayton  refers  to   social  entrepreneurs  as  “mass  recruiters”  (Drayton,  2006)-­‐  constantly  working  to   challenge  great  minds  to  reach  their  full  potentials.  Most  of  this  “recruitment”  is   done  informally,  as  there  are  not  many  programs  in  place  that  allow  for  a  structured   growth  plan  of  these  exemplary  minds.  One  example  of  a  very  successful  social  
  • 17. enterprise  is  Teach  For  America,  which  Drayton  argues  can  serve  as  a  model  for  all   recruiting  social  entrepreneurs.     5.3  Teach  For  America   Teach  For  America’s  mission  is  to  “grow  the  movement  of  leaders  who  work  to   ensure  that  kids  growing  up  in  poverty  get  an  excellent  education.”  (Teach  for   America,  2015)  The  educators  involved  with  teach  for  America  are  social   entrepreneurs  that  are  willing  to  receive  less  pay  in  exchange  for  more  rewarding   work.  Teach  For  America  is  a  perfect  example  of  Drayton’s  “mass  recruiter”  theory.   They  are  constantly  on  the  hunt  for  young  minds  whose  values  of  education  are   aligned  with  those  of  the  organization.  (Bornstein  et  al,  2010)  With  their  charismatic   organization,  Teach  For  America  has  been  able  to  attract  young  educators  from  top   universities  across  the  United  States.       Wendy  Kopp,  who  presented  the  idea  in  her  1989  undergraduate  thesis  at   Princeton,  dreamed  up  Teach  For  America  in  a  university  classroom.  In  1990,  500   committed  individuals  made  Kopp’s  dream  a  reality,  and  it  the  movement  has  been   growing  ever  since.  Teach  For  America’s  model  helps  attract  and  inspire  the  best   and  brightest  from  around  the  country:  Recruit,  Train,  and  Foster.  (Teach  For   America,  2015)   o We  recruit  committed  recent  college  graduates  and  professionals  of   all  backgrounds  to  teach  for  two  years  in  urban  and  rural  public   schools  
  • 18. 18   Social  Entrepreneurship   o We  train  and  develop  these  corps  members  so  that  they  have  an   immediate  positive  impact  on  their  students   o We  foster  leadership  of  our  alumni  as  they  address  this  problem  from   all  sectors   Teach  For  America  should  be  treated  as  a  template  for  social  change  in   America.  Teach  For  America  have  proven  themselves  to  be  extremely  successful   since  their  inception.  The  numbers  don’t  lie:  Teach  For  America  credit  themselves   with  transforming  education  in  New  Orleans,  where  the  percentage  of  students   scoring  basic  or  above  on  state  wide  testing  has  increased  from  30%  in  2000  to  53%   in  2010.  (Teach  For  America,  2015)       6.0  How  do  Government  and  Social  Entrepreneurs  Work  Together?   6.1  What  is  Government  Doing  Currently?   As  previously  mentioned,  the  government  offers  grants  to  some  social  enterprises.   However,  fitting  into  the  parameters  of  what  the  government  grant  requires  proves   difficult  for  many  social  entrepreneurs-­‐  causing  many  of  them  to  seek  funding   elsewhere.  (Sherman,  2004)  The  government  and  social  entrepreneurs  have   historically  “suffered  from  a  mutual  lack  of  respect  and  trust.”  (Bornstein  et  al,   2010)  Due  to  the  different  approaches  taken  by  each  to  problem  solving,  different   pressures,  and  different  needs-­‐  government  and  social  entrepreneurs  do  not  always   work  well  together.  However,  government  departments  could  greatly  benefit  from   having  the  minds  of  social  entrepreneurs  at  their  disposal,  as  it  would  make  for   fresh,  effective,  and  unique  solutions  to  structural  issues.    
  • 19.   6.2  What  Can  Government  Do?   Bornstein  and  Davis  suggest  that  governments  do  not  need  to  abolish  ineffective   government  resources,  but  instead  deploy  their  resources  differently  within  the   social  sector.  (Bornstein  &  Davis,  2010)  They  suggest  that  rather  than  forcing  social   entrepreneurs  into  strict  guidelines  for  funding,  they  should  instead  “harness  the   potential  of  social  entrepreneurs  and  citizen  organizations  to  achieve  policy  goals,   just  as  they  do  with  business  entrepreneurs  and  companies.”  (Bornstein  &  Davis,   2010)  Social  entrepreneurs  are  long-­‐term  solution  makers,  which  many  government   officials  are  not.  It  is  said  that  this  difference  alone  would  make  solutions  much   more  effective  with  the  help  of  social  entrepreneurs.       7.0  How  Do  Schools  Nurture  Social  Entrepreneurship?   7.1  University  Level   As  Gordon  Bloom  explains,  many  university  students  enter  post-­‐secondary   education  with  a  strong  desire  to  create  social  change  but  are  not  always  given  a   structured  curriculum  to  help  them  achieve  their  dreams.  (Bloom,  2006)  Bloom   goes  on  to  explain  the  structures  used  by  Harvard  and  Stanford  Universities  to   foster  growth  of  future  social  entrepreneurs.  Bloom  talks  about  the  Social   Entrepreneurship  (or  SE)  Lab  at  Harvard.  In  the  figure  below,  Bloom  deconstructs   the  basic  structure  and  goals  of  the  lab.  As  we  can  see,  the  SE  lab  provides  a  very   hands-­‐on,  and  collaborative  curriculum  specially  designed  for  those  wishing  to  put   their  theory  into  practice.
  • 20. 20   Social  Entrepreneurship   (Bloom,  2006)   Bornstein  and  Davis  state  that  although  indeed,  “social  entrepreneurship  has   made  inroads  to  academia,  it  remains  far  from  mainstream.”  (Bornstein  et  al,  2010)   As  of  2010,  there  were  350  professors  in  over  35  countries  teaching  social   entrepreneurship  to  their  students.  (Bornstein  et  al,  2010)     In  Canada,  new  social  entrepreneurship  initiatives  are  “popping  up  across   the  country.”  (Lewington,  2013)  McGill,  University  of  British  Colombia,  and  Simon   Fraser  University  are  among  many  that  have  retooled  their  entrepreneurship   curriculums  to  fit  with  what  Anita  Nowak,  integrating  director  of  the  Social   Economy  Initiative  at  McGill,  calls  a  “generational  zeitgeist.”  (Lewington,  2013)  
  • 21. From  a  more  localized  perspective,  Enactus  Canada  is  “shaping  generations  of   entrepreneurial  leaders  who  are  passionate  about  advancing  the  economic,  social   and  environmental  health  of  Canada.”  (Enactus,  2015)  Enactus  Canada  is  part  of  a   global  student  movement  with  35  other  countries-­‐  creating  social,  economic,  and   environmental  change  all  over  the  globe.  At  smaller  schools,  such  as  Bishop’s   University,  where  there  aren’t  high  numbers  of  enrolled  students,  Enactus  is  a   significant  tool  for  aspiring  social  entrepreneurs.       7.2  Earlier  Years   Elanor  Duckworth  explains  that  young  children  are,  in  fact,  very  developed   intellectually.  She  argues  that  children  are  forced  to  lose  their  curious  and   resourceful  ways  when  they  enter  institutions  as  their  “natural  enthusiasm  and   inquisitiveness  becomes  subordinated  to  the  needs  of  adults  enlisted  to  teach  them.”   (Duckworth,  20000)  Duckworth  suggests  that  if  adults  and  educators  stop   discouraging  children’s  ideas  that  seem  different  or  crazy  and  instead  encourage   and  structure  moments  when  children  have  their  own  ideas,  children  could  let  their   willingness  to  try  blossom.  This  being  said,  the  Roots  of  Empathy  organization   (explained  further  in  section  7.3)  encompasses  the  qualities  that  Duckworth   suggests  make  up  a  much-­‐needed  program  within  primary  schools.         7.3  Where  Can  We  Go  From  Here?   “Education  is  the  most  powerful  weapon  which  you  can  use  to  change  the  world.”-­‐   Nelson  Mandela  (BrainyQuote,  2015)  
  • 22. 22   Social  Entrepreneurship   Grossberg  argues  that  in  society,  youth  are  extremely  important  and  full  of   potential,  yet  they  are  also  feared.  (Grossberg,  1994)  He  argues  that  as  a  body,  youth   need  to  be  integrated  into  spaces  where  they  can  use  their  full  potential  to  change   things.  Mary  Gordon,  founder  of  Roots  of  Empathy,  insists,  “Everyone  can  be  a   change  maker”.  (Bornstein  et  al,  2010)  She  suggests  that  the  onus  of  teaching   children  to  be  leaders  is  on  educators.    Her  organization,  Roots  of  Empathy,  teams   up  with  elementary  and  pre-­‐school  educators  to  “change  the  world-­‐  child  by  child.”   (Roots  of  Empathy,  2015)  Gordon’s  Organization  does  this  by  teaching  empathy  to   children  early  on  so  that  they  may  build  “caring,  peaceful,  and  civil  societies”  later   on  down  the  road.  (Roots  of  Empathy,  2015)     In  terms  of  where  to  go  in  the  future,  Roots  of  Empathy  is  a  great  start.  Roots   of  Empathy  already  have  educators  across  Canada,  and  the  world.  If  every  Canadian   early  childhood  educator  could  receive  Roots  of  Empathy  training-­‐  imagine  how   much  the  country  could  benefit,  and  how  many  young  social  entrepreneurs  would   be  coming  out  of  the  woodwork.  When  speaking  on  the  importance  of  education  for   social  entrepreneurs,  Delgado  states,  “For  social  youth  enterprises  to  make  the   impact  they  are  capable  of  making  in  this  country,  content  on  this  subject  must  be   addressed  in  the  nation’s  classrooms  at  the  secondary  and  postsecondary  levels.”   (Delgado,  2004)          
  • 23. 9.0  Discussion   It  has  become  clear  through  our  research  that  there  has  been  a  societal  paradigm   shift  towards  the  consideration  of  social  issues  that  has  enabled  social   entrepreneurship  to  flourish  over  recent  years.  We  believe  that  in  this  rapidly   growing  and  changing  society,  people  will  continue  to  become  more  and  more   socially  aware  and  responsible.  We  believe  with  the  emergence  of  these  new   mindsets  and  practices,  social  entrepreneurs  have  bright  futures  ahead  of  them.   Additionally,  we  believe  that  not  only  will  this  new,  rapidly  changing  atmosphere   bring  success  to  social  entrepreneurs,  but  also  will  forever  change  the  way  we  do   business.     Through  a  brief  historical  overview  and  social  entrepreneurship’s  functions,   we  were  able  to  develop  our  own  definition  of  what  social  entrepreneurship  means,   in  our  minds.  Our  idealized,  brief  definition  of  social  entrepreneurship  is  an   organization  or  initiative  that  finds  a  need  unmet,  or  poorly  met  need  within  society   that  they  seek  to  change  for  the  betterment  of  the  society  as  a  whole.     We  briefly  touched  on  the  different  types  of  financing  available  for  those   wishing  to  create  social  change.  We  also  discussed  how  to  attract  the  talented,   passionate  minds  needed  within  a  social  enterprise-­‐  and  what  exactly  that  entails.     When  researching  the  potential  partnerships  between  social  entrepreneurs   and  governments,  the  question  was  asked:  “How  much  involvement  should   governments  have?”  There  is  certainly  a  complex  and  detailed  answer  to  this  that   could  be  a  research  paper  on  its  own.  The  track  record  between  the  two  have  not  
  • 24. 24   Social  Entrepreneurship   been  the  best-­‐  but  we  believe  if  changes  were  made  on  both  ends,  the  pair  could  do   exceptional  things  on  the  global  scale.     Perhaps  the  most  important  section  of  our  research  was  that  of  the  education   being  done  in  terms  of  social  entrepreneurship.  Although  there  are  existing   programs  that  cater  to  the  needs  of  the  developing  minds  of  young  social   entrepreneurs,  they  are  by  no  means  mainstream  and  therefore  not  accessible  by   all.  It  is  our  belief,  along  with  the  beliefs  of  many  others,  that  if  educated  about  social   matters,  about  empathy,  and  about  caring  from  a  young  age-­‐  anyone  can  be  a   change  maker.                                
  • 25.     References     Baron,  D.  (2007)  "Corporate  Social  Responsibility  and  Social  Entrepreneurship."            Journal  of  Economics  &  Management  Strategy.  no.  3  :  683-­‐717     Biography.com.  (2015).  Florence  Nightingale.  The  Biography.com  website.  Retrieved            04:05,  Mar  29,  2015,  fromhttp://www.biography.com/people/florence            nightingale-­‐9423539.     Bloom,  G.  (2006)  “The  Social  Entrepreneurship  Laboratory  (SE  Lab):  A  University            Incubator  for  a  Rising  Generation  of  Social  Entrepreneurs”  from  Social            Entrepreneurship:  New  Models  of  Sustainable  Social  Change.  New  York:  Oxford            University  Press,  2006.     Bornstein,  D.,  Davis,  S.  (2010).  Social  Entrepreneurship:  What  Everyone  Needs  TO       Know.  New  York:  Oxford  University  Press.     Brainy  Quote.  (2015)  Education  Quotes.  Retrieved  from            http://www.brainyquote.com/quotes/topics/topic_education.html     Canadabusiness.ca,.  (2014).  Government  grants  and  financing  –  Canada  Business            Network.  Retrieved  22  March  2015,  from            http://www.canadabusiness.ca/eng/page/2848/     Chauhan,  L.  (2015).  Venture  Philanthropy:  An  approach  supported  by  collaboration,            LIFT  Philanthropy  partners.  Liftpartners.ca.  retrieved  February  28  2015   Clayton,  J.,  (1908)  Robert  Owen:  Pioneer  of  Social  Reforms  Fifield,  London     Clifford,  C.  (2015).  Crowdfunding  nearly  tripled  last  year,  becoming  a  16  billion            dollar  industry.  Entreprenuer.  Retrieved  from            http://www.entreprenuer.com/article/2244503     Delgado,  M.  (2004)  Social  Youth  Entrepreneurship:  The  Potential  for  Youth  and            Community  Transformation.  Westport,  Conn:  Praeger.     Deloitte,.  (2015).  Millennial  Survey  2015  /  Deloitte  /  Social  impact,  innovation.            Retrieved  from  http://www2.deloitte.com/global/en/pages/about            deloitte/articles/millenialsurvey.html     Drayton,  William.  “The  Citizen  Sector  Tranformed”  in  Nicholls,  ed.,  Social  
  • 26. 26   Social  Entrepreneurship            Entrepreneurship:  New  Models  of  Sustainable  Social  Change.  New  York:  Oxford            University  Press,  2006.           Elkington,  J.,  Hartigan,  P.  (2007)  The  Power  of  Unreasonable  People:  How  Social            Entrepreneurs  Create  Markets  that  Change  the  World.  Boston,  MA:  Harvard            Business  School  Press.     Enactus.  (2015).  Enactus  Canada.  http://enactus.ca/     Finley,  K.  (2015).  The  Crowdfunding  site  that  lets  you  sell  shares  in  your  videogame  or            movie,  Wired.  Wired.  Retrieved  4  April  2015,  from            http://www.wired.com/2015/01/chroma-­‐fund/     Forbat  J.  (2007).  Entreprenuership  :  The  Seeds  of  Success.  Petersfeild:  Harrison            House     Frumkin,  P.  (2003).  Inside  Venture  Philanthropy,  Society,  40(4).  7-­‐15.     Grossberg,  L.  (1994).  The  political  status  of  youth  and  youth  culture.  In  J.S.  Epstein            (ed.),  Adolescents  and  their  music  (pp.25-­‐46).  New  York:  Garland  Press.       Isenberg,  Daniel  (April  23,  2012).  "The  Road  to  Crowdfunding  Hell  –  Daniel  Isenberg            –  Harvard  Business  Review".  Blogs.hbr.org.  Retrieved  August  19,  2012.     Khan  Academy,.  (2015).  Khan  Academy.  Retrived  22  April  2015,  from            https:www.khanacademy.org/about     Lambert,  Thomas,  and  Armin  Schwienbacher.  2010.  “An  Empirical  Analysis  of            Crowdfunding.”  Available  at  SSRN:  http://ssrn.com/abstract=1578175     Leadbeater,  C.  (1996).  The  Rise  of  the  Social  Entrepreneur,  Demos.     Lewington,  J.  (2013).  Universities  that  teach  you  to  change  the  world.  Globe  and  Mail.            Retrieved  from              http://www.theglobeandmail.com/news/national/education/canadian              university-­‐report/idealist-­‐universities-­‐have-­‐programs-­‐for              you/article14963902/?page=1     Malecki,  E.  J.  (1997).  Technology  and  economic  development:  the  dynamics  of  local,            regional,  and  national  change.University  of  Illinois  at  Urbana-­‐Champaign's            Academy  for  Entrepreneurial  Leadership  Historical  Research  Reference  in            Entrepreneurship.     The  New  Heroes.  (2005)  What  is  Social  Entrepreneurship,  Oregon  Public  
  • 27.          Broadcasting.     Ordanini,  A.,  Miceli,  L.,  Pizzetti,  M.,  &  Parasuraman,  A.  (2011).  Crowd-­‐funding:            transforming  customers  into  investors  through  innovative  service  platforms.            Journal  of  service  management,  22(4),  443-­‐470.       Roots  of  Empathy.  (2015)  Home.  http://rootsofempathy.org/     Sagawa,  Shirley,  and  Deb  Jospin.  The  Charasmatic  Organization:  Eight  Ways  to  Grow            a  Nonprofit  That  Builds  Buzz,  Delights  &  Donors,  and  Energizes  Employees.  San            Francisco:  Jossey-­‐Bass,  2008.       Salvationarmyusa.org,.  ‘The  Salvation  Army  –  History  of  the  salvation  army’.  N.p.,            2015.  Wed.  6  Mar.  2015     Sherman,  A.,  (2004)  “pros  and  cons  of  receiving  a  government  grant.”  Hudson          Institute.       Teach  for  America.  (2015)  “Our  History”.  https://www.teachforamerica.org/our            organization/our-­‐history     Toms.ca,.  (2015).  TOMS  :  One  For  One.  Retrieved  14  March  2015,  from            http://www.toms.ca/what-­‐we-­‐give     Weiss,  T.,  &  Clark,  H.  (2015).  ‘Venture  philanthropy’  is  new  buzz  in  business.  Forbes.       Walkley,  Alison  (2009-­‐11-­‐20).  "TOMS  founder  Mycoskie  comes  to  SHU".  Fairfield            Citizen.  Retrieved  March  14,  2015.