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Social Entrepreneurship

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by

Rebecca Glenen

on 24 January 2013

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Transcript of Social Entrepreneurship

What is Social Entrepreneurship? “Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.” Social Innovation Similar skills Facebook -Bill Drayton, CEO, chair and founder of Ashoka A form of entrepreneurship with a primary goal of creating social value Common definition Spectrum of definitions A social networking website used to share pictures, messages, and stories with friends. Beginnings Facebook started as a social networking site for Harvard University before eventually expanding to other Ivy League schools, and eventually for everyone over the age of 13. Social Impact? It is nearly impossible to argue that Facebook has not had a social impact. It has changed the way people interact, how businesses interact with their customers, and how icons can connect with their fans. First of its kind? Though it is true that Facebook is not the first social networking website, it was however, the first of its kind, and the first to reach the level of popularity that it has today. Here to stay Not to say that it couldn’t one day be overrun by a competitor, similar to what happened to MySpace, but it doesn’t look like it will happen in the near future. The Entrepreneur Most people would argue that Mark Zuckerburg is in fact an entrepreneur, as he has taken social networking and turned it into what the industry is today. Social Entrepreneur? It is very challenging to say whether or not Mark Zuckerburg is a social entrepreneur. His company does have some qualities that would be considered a benefit to society. What do you think? Mark Zuckerburg The entrepreneur himself is not one who has really ever had an emphasis on benefiting society. Even before his company was for-profit it seemed that the website was just waiting for the right time to start making money and in the meeting could feed his ego. Our Opinion No, Mark Zuckerburg is not a social entrepreneur, but a business entrepreneur that has created a company that has some positive side effects on society. Assumes that a better society can not only be imagined, but also created. The social innovation theory of 'Connected Difference' Social Entrepreneurship vs. Government Agencies Financial Constraints
Accountability
Solution, not a band-aid Corporate Social Responsibility Social Entrepreneurs vs. Traditional Entrepreneurs Unique skills -team
-value perception
-profitability
-wealth Combination of existing elements - not completely new
Cutting across boundaries
Create new relationships between previously separate groups or individuals Innovative Social Entrepreneurs Regulations
Reputation
Values In comparison to traditional entrepreneurs, a social entrepreneur's main goal is to create social value, not profit Change the system in order to fix the problem
Persuade entire societies to embrace the new system Social Entrepreneurship.
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