Framework for businesses to find their own success in the pursuit of helping others, constant source of motivation for employees, not for profit alone but with intent to help community and provide opportunities to alleviate way of life
The essence of Social entrepreneurship is not for profit alone but it always carries with the intent to help the community and provide opportunities in alleviating a person's way of life
➤ Social entrepreneurship is important because it provides a framework for businesses to find their own success in the pursuit of helping others.
➤ He/she will be an inspirational source of impact
➤ He/she will respond to customers' needs
➤ To manage Relationships beyond economic purpose
➤ A more responsive business to create economic and social value
A social mission to makethe world a better place
Elements of Social Enterprise
Three core elements:
1. Created to provide benefits for a community.
II. Creates opportunities so people can help themselves as well as others.
III. Utilises sound commercial business practices to ensure its sustainability i.e. the business will naturally uphold and encourage environmental sustainability as well as ethical considerations.
social entrepreneur seeks to implement widespread improvements in society.
A rule of thumb is a social enterprise or social business is has specific social objectives that serve its primary purpose
The Process of Social Entrepreneurship
1. Find an opportunity
2. Develop a businessconcept
3. Figureout what successmeans and howtomeasureit
4. Acquire the rightresources
5. Launch and grow
6. Attain goals
Adaptability
able to adjust in any form of social environment, regardless of culture, race and traditions.
Resourcefulness
most of the time we are left with minimal resources (ie. funds and materials) to create income generating projects, we should be resourceful in maximizing what we have to obtain greater results.
TeamPlayer
A social entrepreneur should be a good team player able to fit in with any group and realize his/her role in that organization for level and systematic operations able to go with the flow. Effective and competent
possess the required knowledge and competency to produce prodigious results that are significant in attaining growth and development at the shortest time. Willingness to learn
A social entrepreneur must be open to all sorts of comments, always aspiring to improve his/her craft