Social Entrepreneurship
HOW CAN SOCIAL ENTREPRENEURSHIP CONTRIBUTE TO SOCIETY?
Of late we have witnessed that many philanthropic and governmental institutions have failed to achieve the desired goals and outcomes. The social sector has been seen to be afflicted with the stigma of inefficiency, ineffectiveness and unresponsiveness. Thus, the need for social entrepreneurs in the society has emerged in the new century.
Table of Content
Table of Figure 3
1. Terms of Reference 4
2. Introduction 4
2.1 Definition 5
Entrepreneur and Innovation 5
2.2 Meaning of Social Entrepreneurship 6
3. Difference between Social and Business Entrepreneurs 6
4. Characteristics of Social entrepreneurs 8
4.1 Act as Change agents 8
4.2 Adopt a mission to create and sustain social value 9
4.3 Recognise and pursue new opportunities 9
4.4 Engage in a process of continuous innovation, adaptation and learning 9
4.5 Act boldly 9
4.6 Exhibit a high sense of accountability 9
5. Importance of Social Entrepreneurship 10
5.1 Development of employment 10
5.2 Innovation 10
5.3 Social Capital 11
5.4 Promotion of equity in society 11
5.5 Living a life of purpose 12
6. Conclusion 13
References 14
Appendices 15
Table of Figure
Figure 1: Maslow’s Hierarchy of Needs Pyramid 13
1. Terms of Reference
The report aims to define the concept of social entrepreneurship in the backdrop of the traditional and contemporary theories and definition on entrepreneurship, innovation and creativity. It studies the nature of social entrepreneurs and analyse the role of entrepreneurship in the economy and society. It highlights the importance of social entrepreneurship and its contribution to the society.
The second part of the report engages in a self-reflective exercise and objectively assesses my entrepreneurial behaviour and personality traits. It also acts as an indicator of the personal knowledge, skills and attitudes that might impact my personal or career
Of late we have witnessed that many philanthropic and governmental institutions have failed to achieve the desired goals and outcomes. The social sector has been seen to be afflicted with the stigma of inefficiency, ineffectiveness and unresponsiveness. Thus, the need for social entrepreneurs in the society has emerged in the new century.
Table of Content
Table of Figure 3
1. Terms of Reference 4
2. Introduction 4
2.1 Definition 5
Entrepreneur and Innovation 5
2.2 Meaning of Social Entrepreneurship 6
3. Difference between Social and Business Entrepreneurs 6
4. Characteristics of Social entrepreneurs 8
4.1 Act as Change agents 8
4.2 Adopt a mission to create and sustain social value 9
4.3 Recognise and pursue new opportunities 9
4.4 Engage in a process of continuous innovation, adaptation and learning 9
4.5 Act boldly 9
4.6 Exhibit a high sense of accountability 9
5. Importance of Social Entrepreneurship 10
5.1 Development of employment 10
5.2 Innovation 10
5.3 Social Capital 11
5.4 Promotion of equity in society 11
5.5 Living a life of purpose 12
6. Conclusion 13
References 14
Appendices 15
Table of Figure
Figure 1: Maslow’s Hierarchy of Needs Pyramid 13
1. Terms of Reference
The report aims to define the concept of social entrepreneurship in the backdrop of the traditional and contemporary theories and definition on entrepreneurship, innovation and creativity. It studies the nature of social entrepreneurs and analyse the role of entrepreneurship in the economy and society. It highlights the importance of social entrepreneurship and its contribution to the society.
The second part of the report engages in a self-reflective exercise and objectively assesses my entrepreneurial behaviour and personality traits. It also acts as an indicator of the personal knowledge, skills and attitudes that might impact my personal or career
References: Bourdieu, P. (1983) The Forms of Capital, In J. Richardson (Ed.) Handbook of Theory and Research for the Sociology of Education, New York: Greenwood, 241-258. Dees, G. J. (1998) The Meaning of Social Entrepreneurship. Stanford University. Dees, J. G., Emerson, J. & Economy, P. (2001) Enterprising Non-profits: A Toolkit for Social Entrepreneurs. New York: Wiley & Sons, Inc. Drucker, P. F. (1985) Innovation and Entrepreneurship. New York: Harper Collins. Leadbeater, C. (1997) The Rise of the Social Entrepreneur. London, United Kingdom, Demos. Maslow, A. H. (1970) Motivation and Personality. New York: Harper & Row. OECD (1998) Fostering Entrepreneurship. Organisation for Economic Co-Operation and Development, 16, 1–277. OECD (2000) Social Enterprises. Organisation for Economic Co-Operation and Development, 1–69. Schmookler, J. (1966) Invention and Economic Growth. Harvard University Press. Schumpeter, J. (1942) Capitalism, Socialism and Democracy. New York: Harper and Row. World Bank (2004) World Development Report 2004: Making services work for poor people. Washington: Oxford University Press.