SOCIAL ENTREPRENEURSHIP

1. J,HARIPRIYA
ASSISTANT PROFESSOR
DEPARTMENT OF COMMERCE(HONS)
ETHIRAJ COLLEGE FOR WOMEN

2. What is Social Entrepreneurship ?
 Social entrepreneurship is all about recognizing the
social problems and achieving a social change by
employing entrepreneurial principles, processes and
operations.
 The change may or may not include a thorough
elimination of a social problem.
 It may be a lifetime process focusing on the
improvement of the existing circumstances.

3. Who is a Social Entrepreneur ?
• A social entrepreneur is somebody who takes up a
pressing social problem and meets it with an innovative or
path breaking solution.
• By definition “social entrepreneurs are great people
recruiters who present their ideas or solutions in a way that
many people, who are either part of the problem or
surrounding it, recognize a need for change”

6. Focus Areas of Social Entrepreneurship
• Enhance a person‘s ability to improve her or his economic
well-being and personal dignity through opportunity.
• Harness aid to be more accountable, transparent and
solutions-oriented, for lasting development.
• Enable access to and ensure use of reliable, affordable
and appropriate healthcare in disadvantaged populations.
• Address issues of sustainable productivity not beneficiary
by beneficiary, but system wide.
• Lay the foundation for peace and human security.
• Harness the capital and consumer markets that drive
change by considering all costs and opportunities.
• Transform the way water is managed and provided, long-
term, for both people and agriculture

7. Role and Importance of Social Entrepreneurship
• Employment Development The first major economic value that
social entrepreneurship creates is the job and employment
Estimates ranges from one to seven percent of people employed
in the social entrepreneurship sector.
• Innovation / New Goods and Services Social entrepreneurs
develop and apply innovation important to social and economic
development and develop new goods and services. Issues
addressed include some of the biggest societal problems such as
HIV, mental ill-health, illiteracy, crime and drug abuse which,
importantly are confronted in innovative ways.
• Equity Promotion social entrepreneurship fosters a more
equitable society by addressing social issues and trying to
achieve ongoing sustainable impact through their social mission
rather than purely profit-maximization.

8. Function of Social Entrepreneurship
To create and maintain a stable level of employment.
Create jobs and provide support to socially
vulnerable groups.
Social Entrepreneurship promotes development of
entrepreneurial skills.
Social Entrepreneurs create social innovation and
change in various areas, including education, health,
environment and business development.
Social Entrepreneurship reduces poverty risk.

9. Advantages of Social Enterprises
 Since social enterprises do not work typically the
way corporate setups or private firms work, they
offer flexible working environment which is as per
the liking of many people groups.
 Creates value for the society and some times
generate income (if not wealth).
 As a thumb rule, the solutions they offer are
supposed to be innovative, unique, people and
environment friendly

10. Disadvantages of Social Enterprises
• Lack of support or funds.
• Possibility of poor reputation due to disaster
• commercial assumption

11. Qualities of Social Entrepreneurs
 Ambitious: Social Entrepreneurs tackle major social
issues
 Mission driven: Generating social value —not
wealth—is the central criterion of a successful social
entrepreneur.
 Strategic: Like business entrepreneurs, social
entrepreneurs see and act upon what others miss:
opportunities to improve systems, create solutions
 Resourceful: social entrepreneurs must be skilled at
mobilizing human, financial and political resources.
 Results oriented: open up new pathways , unlock
society‘s potential to effect social change

13. Role Of Technology
• The Internet, social networking websites and social media
have been pivotal resources for the success and
collaboration of many social entrepreneurs.
• Using crowdsourcing approaches, for example, a social
entrepreneur organization can get hundreds of people from
across a country (or from multiple countries) to collaborate
on joint online projects
• Having IT (Information Technology) enabled kiosks in
rural areas in India wherein those people and the teenagers
and the youth in particular can pick up valuable IT skills
which would enhance their employability in future.

14. Problems Facing By Social Entrepreneur
• Funding
• Strategy and Long-Term Focus
• Remaining True to the Mission
• Lack of skilled man force
• Social and Cultural Effect
• Lack of Government support

15. SOCIAL ENTREPRENEURS OF INDIA
 Bindeshwar Pathak – Founder of ‘Sulabh’ Toilet

16. Vineet Rai – Founder of Aavishkaar Social
Venture Fund

17. Harish Hande – Founder of SELCO, Solar
lighting firm

18. Sumita Ghose – Founder of Rangsutra, textile
sourcing firm

19. Saloni Malhotra – Founder of DesiCrew, Rural
BPO

20. SOCIAL ENTREPRENEURS OF INDIA
 Arvind Kejriwal - Founder of NGO Parivartan,
Citizen Empowerment via RTI Act
 Trilochan Sastry – Founder of Association for
Democratic Reforms (ADR)
 Madhav Chavan – Founder of NGO Pratham
 Anshu Gupta – Founder of NGO Goonj
 Shaheen Mistri – Founder of NGO Akanksha

21. SOCIAL ENTREPRENEURS OF INDIA
 Madhu Pandit Dasa – Founder of Akshaya Patra
 Baba Ramdev – Founder of Patanjali
 Sri Sri Ravi Shankar – Founder of Art of Living
 Vinayak Lohani – Founder of Parivar Ashram
 Sheerish Jadhav – University registrar at Belur Math

22.  Social Entrepreneurs are either Change Makers or
Change Agents.
 They don’t believe in Status Quo. Social
 Entrepreneurship gives more Satisfaction than
Entrepreneurship as it focuses more on creating
‘Social Value’ than ‘Wealth’ Social Entrepreneurship
provides the much needed ‘Balance’ and ‘Purpose’ in
life.
 Social Entrepreneurship helps in making World a
better place.