OPPORTUNITY FOR

SOCIAL ENTREPRENEURS
GROUP 5
WHAT IS SOCIAL ENTREPRENEUR?

• A combination of commerce and social issues

• A process that includes the identification of a
problem and a specific solution to address
• Applying practical, innovative, sustainable
approaches to benefit the society
TYPOLOGY OF VENTURES
ECONOMIC SOCIAL

TRADITIONAL SOCIAL PURPOSE

ECONOMIC (2) (1)

HYBRIDS
EXIST

ENTERPRISING
SOCIAL CONSEQUENCE
SOCIAL (3)
NONPROFITS
(4)
TYPES OF SOCIAL ENTREPRENEURSHIP

• Social Purpose
• Traditional
• Social Consequences
• Enterprising nonprofits
IMPORTANCE OF THE BRAIN TRUST IN SOCIAL
ENTREPRENEURSHIP

• Brain trust includes the community, investors, the

government, customers, suppliers, and
manufacturers.
• These are commonly the stakeholders
 OPPORTUNITIES for
SOCIAL
ENTREPRENEURSHIP
Opportunities of social entrepreneurship

• Typically, opportunities in social entrepreneurship are

based on the need to create social value which benefits
the local community.
• A social enterprise usually does this by solving a problem
or providing assistance in an area of need or
disadvantage.
Characteristics of Social Entrepreneurship

Social entrepreneurship meets the needs unmeet by

the government or the commercial markets

Social entrepreneurship is motivated by social

benefit

Social entrepreneurs usually work with not against

markets.
The Process of Social Entrepreneurship

1.Find an opportunity
2.Develop a business concept
3.Figure out what success means and how to measure it
4.Acquire the right of resources
5.Launch and grow
6.Attain goals
Measurement

What is profit? How it is defined?

How do we count on it?

Can we compare investments

What is “ social return on investment ” for venture

philanthropist?
How to find Social Entrepreneurship
Opportunities

• Opportunity : Find something/ someone

you can use or help
Three • Endeavor/ Enterprise : How you plan on
Steps: capitalizing on the opportunity
• Social returns : How will it benefit the
community?
Example

Getting Ex- cons back to work

1.Opportunity : Underused human capital

2.Endeavor : New businesses using ex- cons in an
aggressively faith based setting
3.Social returns : Less people returning to jail, better
neighborhood
Forces Impacting Social Entrepreneurship
EXTERNAL FORCES
Perturbation of the
Environmental factors Environment
- Social climate conductive to social - Political change
entrepreneurship Availability of Financial and
non- financial resources - cultural change
- Political climate that facilitates
social innovation - Economic change

Social Entrepreneurship process begins

Preparation to Exploit
Entrepreneurial Opportunities
personality traits - Education
- Experience
INTERNAL FORCES
Example of Social Enterprise
More then 780 million people
dying every year from
consuming unhealthy drinking
water; more than war, hunger,
cancer
Solution

 A straw that uses advance

hollow fiber technology, which is
highly efficient method that
requires no chemicals
 For every life straw product you
buy, one school child in a
developing country will be
provided with safe drinking
water for an entire school year
Looking at the Three steps

• large amount of people do not have

Opportunity access to clean drinking water

• Create a product that filters water

Endeavor and is easy to ship/produce

• Less people will die as a result of

Social benefit access to clean drinking water
 What makes up a Social Entrepreneur?

Social Entrepreneurial Orientation

Entrepreneurial Orientation Community Awareness

Innate characteristics
Education and experience
Innovativeness
Independence
Sense of control over density
Low risk aversion
Tolerance for ambiguity