Social Entrepreneurship: an overview

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1 Social Entrepreneurship: an overview Dr. Punita Bhatt 1

2 Agenda My background Social entrepreneurship-what is it? What are its drivers? 2

3 My Background Teaching social entrepreneurship Embedding social entrepreneurship in the curriculum Research Interest: Social entrepreneurship PhD: social innovation in social entrepreneurship 3

4 So what is Social Entrepreneurship..? First its practice. 4

5 Some Social Entrepreneurs 5

6 Some Social Enterprises 6

7 Case study 1: Grameen Bank Social entrepreneur: Dr. Muhammad Yunnus 1976-Grameen Project began with $27; 2005-Grameen Bank has lent $5.1 billion to 5.3 million people; Yunus's conviction that the poor can be both reliable borrowers & avid entrepreneurs. Global micro-finance industry (Gangerni, 2005) 7

8 Case study 2: Ashoka Social entrepreneur: Bill Drayton 1980 Thousands of Ashoka fellowships awarded globally Innovative solutions to social problems 8

9 Case study 3: Big Issue Social entrepreneur: Bill Drayton 1991-Gordon Roddick & A. John Bird Provides the homeless people the opportunity to earn a legitimate income Based on similar program in New York 2800 homeless as vendors, circulation of 125,000 copies of the magazine 9

10 What do Social Entrepreneurs do? 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. (Bill Drayton) I m encouraging young people to become social business entrepreneurs and contribute to the world, rather than just making money. Making money is no fun. Contributing to and changing the world is a lot more fun. (Muhammad Yunus) 10

11 Social Missions are Important to social entrepreneurs/enterprises but it s the Business Model that ensures sustainability 11

12 Business Models: Social Enterprises 12

13 So what is Social Entrepreneurship..? Its theory 13

14 What is Social Entrepreneurship? innovative use of resources to explore and exploit opportunities that meet a social need in a sustainable manner (Mair & Marti, 2004) innovative, social value creating activity that can occur within or across the non profit, business, or government sectors (Austin et al., 2006) 14

15 How is Social Entrepreneurship different? Entrepreneurship: practice within a commercial context Basic premise: Entrepreneurs pursuit innovation for private profit 1990s: Beyond Profits 15

16 What is/is NOT Social Entrepreneurship? Not Philanthropy or Altruism; Sustainable solutions to social problems; Social & entrepreneurial Double/Triple bottom line 16

17 Drivers of social entrepreneurship 17

18 Drivers: restructuring of Non-profits Reduction in Philanthropic donations Greater accountability by donors Reduction in government subsidies Sustainability Competition 18

19 Drivers: CSR Collaboration across sectors Private sector involvement in social issues Media Stakeholder management 19

20 Drivers: Government 2010-UK Conservative Party s election manifesto s flagship idea; Part of legislative programme of the Conservative- Liberal Democrat Coalition Agreement; AIM: "to create a climate that empowers local people and communities, building a big society that will 'take power away from politicians and give it to people'." 20

21 Drivers: Innovation New business models Integrate economic & social/environmental goals New ideologies/business concepts Sustainable solutions to social problems/needs (Punita Bhatt Datta, 2012) 21

22 The Big Society Flagship policy idea of the 2010 UK conservative Party general election manifesto Now forms part of the legislative programme of the coalition Aim: "to create a climate that empowers local people and communities, building a big society that will 'take power away from politicians and give it to people Domestic policy in England only. 22

23 Online Sources Ashoka: Innovators for the Public: The Institute for Social Entrepreneurs: Skoll Centre for Social Entrepreneurship, Said Business School, Oxford University: Social Enterprise Alliance: Bridges Community Ventures: Social enterprise West Midlands: Triodos Bank: Unltd: 23

24 Further Reading Bornstein, D. and Davis, S. (2010) Social entrepreneurship: what everyone needs to know, Oxford University Press. Dees, J.G. & Anderson, B.B. (2003). For-profit social ventures. International Journal of Entrepreneurship Education (special issue on social entrepreneurship), 2, (google book) Dees, J.G., Anderson, B.B., & Wei-Skillern, J. (2004). Scaling social impact. Stanford Social Innovation Review, 1, pp Dorado, S. (2006) Social entrepreneurial ventures: different values so different process of creation, No? Journal of Developmental Entrepreneurship, Vol. 11 Issue 4, p Nicholls, A. (ed) (2006), Social Entrepreneurship: New Models of Sustainable Social Change, Oxford University Press. Mair, J., Robinson, J. & Hockerts, K. (eds) (2006) Social Entrepreneurship, Palgrave McMillan. Mair, J. and Marti, I. (2006). Social entrepreneurship research: A source of explanation, prediction, and delight. Journal of World Business. (Vol. 41, pp ). Martin, R. and Osberg, S. (2007), Social entrepreneurship: the case for definition 24, Stanford Social Innovation Review, Spring 2007.

25 Thank you for listening Any questions? 25

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