Social Entrepreneurship Verified Solutions
Social Entrepreneurship (Brooks) ️Definition 1: Brooks
(Social) entrepreneurship is "the process of pursuing opportunities without limitation by resources
currently in hand": - Opportunity recognition (Addresses social problems or needs that are un...
-Preparation to exploit opportunities: Education, experiences, background
4 different Social Entr schools of thoughts ✔️American social innovation school, American social
enterprise school, EMES (Emergence of SE in Europe), UK Approach
American Social Innovation school ✔️Individual. Bill Drayton and Ashoka have pioneered this approach.
Application of commercial principles to social problems.
American social enterprise school ✔️Enterprise. An "entrepreneurial non-profit that generates
"earned-income" while serving a social mission". Pioneer Edward Skloot founded New Business Ventures
for NPOs in 1980.
EMES (Emergence of SE in Europe) ✔️Enterprise. Includes any org initiated by a group of citizens for
community benefit. Associations, cooperatives, mutual orgs, foundations.
UK approach ✔️Enterprise. 1990s, partnerships between public, private and non-profit sectors. New
legal form: Community Interest Company (CIC).
Cooperatives ✔️• "...autonomous associations of people who voluntarily cooperate for their mutual
social, economic, and cultural benefit."
• Can be nonprofit ,or profit making business, PLC....
• Are values based, democratically run, promote equality and fair treatment of workers.
• Usually have a mission statement.
First part of Entrepreneurial Process (brooks) ✔️Opportunity recognition- Entrepreneurship begins with
the recognition that an opportunity exists to create value. For example, an entrepreneur may perceive
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