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8/8/2019 Social Entrepreneur.pptx Auto Saved]

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SOCIAL ENTREPRENEUR

y Who is a Social Entrepreneur?

y Criteria to be a successful Entrepreneur

y What is his/her contribution to the society?

y How is he/she different from others?


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Who is a Social Entrepreneur?

A social entrepreneur is someone who recognizes a

social problem and uses entrepreneurial principles to

organize, create, and manage a venture to make asocial change.

Social entrepreneurs are individuals with innovative

solutions to societys most pressing social problems.

They are ambitious and persistent, tackling majorsocial issues and offering new ideas for wide-scale

change.


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Criteria to be a successful Social Entrepreneur

y A clearly stated purpose

y A governing structure, knowledgeable advisors

y A solid Business Plan

y Good Project Planning

y A target audience

y A source of money & resources to run and expand theorganization

y Good Communications, marketing and sales plan

y Solid Leadership

y A good working relationship with other community

organizations


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Useful Tool BODI Method

BODI stands for:

y Benefits

y Other options

y Drawbacks

y Impacts/Consequences


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What is his contribution to the society?

Social entrepreneurship is as important for a growing society as

business entrepreneurship is for a developing economy.

Its main aim is to further social and environmental goals.

However, social entrepreneurs are most commonly associatedwith the voluntary and not-profit sectors, this need not

necessarily be incompatible with making a profit.

y They are both critical forsustainable development andaccelerated inclusive growth.

y They look for ways to help, and apply their expertise, energy

and inspiration to solve social problems


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y Eliminates unemployment

y Reduces hunger and starvation

y Provides equal opportunities to ally Contributes to setting up of educational institutions

y Sets a benchmark for others


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Examples of Social Entrepreneurship

y Making medical technology and health care services

accessible, affordable and financially self-sustaining

y Empowering the poor to become self-reliant throughaffordable loans

y Shri Mahila Griha Udyog Lijjat Papad


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What makes him different from the others?

y Open decision structures He gives the

people a sense of ownership

y Makes Use of arbitration service to resolvedisputes in a situation when people cant

agree

y Challenges the Process

y Inspires a Shared Vision

y Enables Others to Act

y Makes his own way


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Models of Entrepreneurship


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CONSULTANT MODEL

This model is common among academicians and those

with who gained expertise in the industry.

Many corporate executives, after retiring from their

regular jobs also take the consulting route, either

directly or by taking on director roles at different

companies.

Many IT professionals, especially those with niche

skills and/or certifications also tend to move on to

consulting roles


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MOONLIGHTING MODEL

This model is common among those want to experienceentrepreneurship part-time without taking the risksassociated with full-time entrepreneurial activities.

This model is not really new.

Opportunities with industries that use their expertise toimplement the research ideas fine-tuned in academia.

Some professionals take the public speaking orcolumn writing route where they try to publish theirideas outside the confines of their organizations


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BRILLIANT IDEA MODEL

Model applied to professionals and others working in

the corporate world or for regular employers. They

realize that they have a million dollar idea that they

can capitalize on.

Employees take their new/innovative idea to the

employer with a suggestion to implement it on the job.

When the ideas are not taken up by the management,

they contemplate the entrepreneurial route if they feel

strongly about it.


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BUSINESS/FRANCHISE MODEL

Individuals who do not want to continue in thecorporate world decide to start their own

venture.

Entrepreneur approaches a corporation.

Takes on the responsibility of running hisbusiness using the brand and marketingsupport from the enterprise


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Classification of Entrepreneurs


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Innovative Entrepreneurs

y Aggressive assemblage of information & analyzing.

y Aggressive in experimentation and cleverly put attractivepossibilities into practice.

y Sees opportunity for introducing a new technique, new productor a new market.

y Raise money to launch an enterprise, assemble the variousfactors and choose top executives and set the organization

going.


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Fabian Entrepreneurs

y Very cautious and skeptical while practicing anychange.

yNeither the will to introduce new changes nor thedesire to adopt new methods.

y Shy and lazy

y Dont take risks, Follow predecessors.

y Determined by custom, religion, traditions and pastpractices.

y They imitate only in situations when it becomesabsolutely necessary.


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Drone Entrepreneurs

y Are laggards and operate in a traditional way.

y Conventional

y Refuse to change and adopt new opportunities tomake changes in production methods.


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Classification of SocialEntrepreneurs


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According to Motivation Pure entrepreneur: Motivated by psychological and

economic rewards. Undertakes an activity for his

personal satisfaction in work, ego or status.

Induced Entrepreneur: Induced due to policy

measures of the Government.

Motivated Entrepreneur: they come into being

because of the possibility of making and marketingsome new products for the use of consumers.

Spontaneous Entrepreneur: have a strong conviction

and confidence in their ability. Start their business out

of their natural talents.


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According to stages of Development

First Generations Entrepreneur: An innovator, starts

an industrial unit by means of an innovative skill.

Modern Entrepreneur: undertakes those ventureswhich go well along with the changing demand in the

market.

Classical Entrepreneur: stereotype entrepreneur, aims

to maximize his economic returns at a level consistent

with the survival of the firm with or without an

element of growth.


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Conclusion

y A business entrepreneur typically measures

performance in profit and return, whereas a social

entrepreneur focuses on creating social capital.


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Thank you

By-

Rahul Jayakrishnan

Teddy George

Rucha Suchak

Raghul R L

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