Social Entrepreneurship Verified A+
social entrepreneurship ️a process by which citizens build or transform institutions to advance
solutions to social problems, such as poverty, health, illiteracy, inequality, environmental destruction,
human rights abuses and corruption, in order to make ...
Social Entrepreneurship Verified A+
social entrepreneurship ✔️a process by which citizens build or transform institutions to advance
solutions to social problems, such as poverty, health, illiteracy, inequality, environmental destruction,
human rights abuses and corruption, in order to make life better for many
SUSTAINABLE; create independence
importance of technology
brings about change
looking for solutions
creative destruction ✔️replaces the old long term, only way to improve
Schumpeter
why social entrepreneurship can be so controversial, because it breaks the old patterns
Schumpeter ✔️it's not about prices; it's about innovation
entrepreneurship should be at the center of economics
creative destruction
economic life is about constant change
enterprise development ✔️business with a social purpose, as a social goal
entity with a common purpose
solving a social problem
organized to be profit-making
hierarchical fashion
limited to owners and employees
innovation ✔️a new method, idea, or purpose
, visionaries, humanitarians, philanthropists, reformers, saints, great leaders ✔️visionaries: a person
with original ideas about what the future will or could be like e.g., Bill Drayton (Ashoka)
humanitarians: a person who seeks to promote human welfare e.g., Veronica Khosa
reformers: Gloria de Souza (first Ashoka fellow = reformed schools in India)
saints: St. Francis of Assisi (religious reason for their actions)
great leaders: Woodrow Wilson (political realm); Wangari Maathai (Green Belt Movement)
LLC ✔️not personally responsible as an individual for failures of company
allows for bankruptcy and thus you can take risks
social responsibility ✔️"to do good"
private responsibility ✔️
non-profit sectors ✔️only exists in countries with developed tax law systems
NGOs ✔️organization with a mission
voluntary (not forced)
private, not public - can receive government funding but can also receive money from other places
members are individuals or associations: assumes role of active citizenship
common purpose: goal oriented and mission driven
non-violent means
non-profit means (tax status)
charities ✔️motivation: kindness, desire to be helpful to needy
religious element
member donations
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