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Entrepreneurship & Social Responsibility
Transcript of Entrepreneurship & Social Responsibility
From French, "entreprende-eur," literally "one who undertakes."
Moroccan Peddlers : "ATTAR" ----------------)
Person in charge of great architectural buildings
17th C. :
person performing in a contratual arrangement with the goverenment
: Present day :Venture Capitalists and Inventors
19th / 20th C
. : Innovators
Jean Baptiste Say:
"The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield."
"the function of entrepreneurs is to reform or revolutionize the pattern of production."
used in the sense as in society, social good, social value, and social issues, and Social PROBLEMS
J. Gregory Dees
"For social entrepreneurs, the social mission is explicit and central. . . . Mission-related impact becomes the central criterion, not wealth creation. Wealth is just a means to an end for social entrepreneurs."
Social entrepreneurs address social issues,
Open - Collaborative
uses self-supporting finance methods for long-term impact
adoptable beyond the local context to catalyze and create systemic change
social mission with goal of fundamental change in the system
Founder and CEO of Ashoka:
‘‘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.’’
Enterprises with Corporate Social Responsibility (MicroFranchise)
SE at the BOP - Bottom-of-the-Pyramid (MicroFinance)
Non-Profit: Portfolio of funding or granting
Hybrid Firms: Lucrative with a High Social SCM
Duke Center for the Advancement of Social Entrepreneurship
Social Enterprise Initiative at Harvard Business College
Schwab Foundation for Social Entrepreneurship
Kennedy School of Government at Harvard University
Stanford Center for Social Innovation
World Bank Institute
Global Entrepreneurship Program at State Dept.
White House Office on Social Innovation and Civic Participation
Social Innovation Funds, Serve America Act
In a country overwhelmed by sickness, poverty and unemployment, most South Africans suffering from the impact of HIV/AIDS have no way of supporting themselves or their families
Fighting HIV/AIDS by providing South Africans with the opportunity to earn an income, support their families and nurture their creativity while preserving age-old African beadwork traditions.
Provide an effective and sustainable, financial and coaching services, tailored to the poor's projects to expand their development prospects.
In Argentina, a large segment of children are deprived from education for the simple reason that they have no shoes.
When TOMS sells a pair of shoes, Friends of TOMS donate a pair to a person in need.
Social Mission Quality: One for One
Entrepreneurs Operate at RISK
They buy at a certain price
sell at UNCERTAIN price
Entrepreneurs in Morocco
When does it start?
When you were a child
have you ever sold?
Sweets in a Cart?
“The entrepreneur always searches for change, responds to it and exploits it as an opportunity”
“the pursuit of opportunity without regard to resources currently controlled”
Can that be TRUE ?
Competencies in specific areas !!! ( Herrmann, 1995)
Did you say Business & Society?
Entrepreneurial Binary Opposition !
Problems Vs Lucrativity
As an entrepreneur
Why would Society Matter !?
If you happen to live 10 Centuries ago, What would be your social contribution?
But WHY ?
"give a man a fish, you feed him for a day. Teach a man to fish, you feed him for a lifetime"
From Simple act of giving To Difficult act of teaching
Not only people who have
to market, but people who
HAVE NO IDEA
that a market is accessible!
1) Sustainable Development: Common Social Goals
2) Corporate Social Responsibility : Ethical Obligation
(Theories : Social Contract / Social Justice / Rights / Deontological)
3) Stakeholder Theory: Mutual Protection
4) Corporate Accountability Theory: Legal Responsibility
What is Social Entrepreneurship?
Social Entrepreneurship is the use of the language of
by handling mere
and creative solutions.
Money is a
to an END (Dees, 2001)
Who Are Social Entrepreneurs?
Business Entrepreneurs: BE / Social Entrepreneurs: SE
“If you have been so clever in achieving what you have accomplished, why haven't you applied your talents to making money? “ (John Elkington, 2OO8)
How many of you know about these Entrepreneurs?
Muhammad Yunus Bill Gates
Modes of Social Entrepreneurial Action
MicroFinance at the Bottom-of-the-Pyramid BOP
What and Why Bottom-of-the-Pyramid
The population that resides and performs in an informal market economy ( Ted London)
Source of revenue growth, and Access to innovation (Prahalad and Hammond, 2002)
Poor as entrepreneur Hypothesis:
Opportunity vs. Necessity
Most people in the BOP have no regular income and cannot stabilize their family situation. Plus, poor have never had direct financial help from any party.
Most people in BOP are unemployed or deprived from direct employment. Street Vendors are everywhere, legally unaccepted and morally unstable.
Provide even Unskilled poor people with direct employment and microloans followed by regular Follow Up.
Not only poverty and unemployment, but easily preventable health problems like vision problems and malnutrition.
Absence of distribution infrastructure in remote rural villages.
Creating access to health care-related goods and services in isolated rural communities.
Local women are given the opportunity to become entrepreneurs by selling goods and services in their communities using a consignment mechanism.
Thank you very much
Have we reached our Objectives?
(Hisrich, et al, 2008)
, ( 2001)
(John Elkington, 2OO8) (Grameen Danone)
(John Elkington, 2OO8)
Social Entrepreneurship: Ideas & Deeds
Hamza El Fasiki - Head of Research and Studies
22 March 2013, ALC Fez
Moroccan Center for Innovation and Social Entrepreneurship
Entrepreneurial Story in Morocco
Andre S.A. : Société Anonyme