Social Entrepreneurship

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Social Entrepreneurship

• Cairo University
• Dr. Sherifa Fouad Sherif

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What is entrepreneurship?

• Entrepreneurship is the act and art of being an
  entrepreneur.
• One who undertakes innovations or introducing new
  things, finance and business acumen in an effort
  to transform innovations into economic goods.
• This may result in new organizations or may be
  part of revitalizing mature organizations in
  response to a perceived opportunity.
• The most obvious form of entrepreneurship is that
  of starting a new business referred to as startup
  company.

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Definition of SE

• Social entrepreneurs are individuals with
  innovative solutions to societys most pressing
  social problems.
• They are ambitious and persistent, tackling major
  social issues and offering new ideas for
  wide-scale change.
• Rather than leaving societal needs to the
  government or business sectors, social
  entrepreneurs find what is not working and solve
  the problem by changing the system, spreading the
  solution, and persuading entire societies to take
  new leaps.

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Definition of SE

• Social entrepreneurs often seem to be possessed
  by their ideas, committing their lives to
  changing the direction of their field.
• They are both visionaries and ultimate realists,
  concerned with the practical implementation of
  their vision above all else.

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Definition of SE

• Each social entrepreneur presents ideas that are
  user-friendly, understandable, ethical, and
  engage widespread support in order to maximize
  the number of local people that will stand up,
  seize their idea, and implement it.
• Every leading social entrepreneur is a mass
  recruiter of local changemakersa role model
  proving that citizens who channel their passion
  into action can do almost anything.

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Definition of SE

• A term that captures a unique approach to
  economic and social problems, an approach that
  cuts across sectors and disciplines.
• Key areas of focus have been education, health,
  welfare reform, human rights, workers' rights,
  environment, economic development, agriculture.
• The organizations they set up are non-profit or
  for-profit entities.

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Social Entrepreneurs are Changemakers

• Changemakers are everyone that solve problems
  in an entrepreneurial way, who have the ideas,
  initiative, leadership skills, empathy and team
  skills to create new opportunities and respond to
  challenges in society.
• Also called pioneers of change.

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Definition of SE

• Just as entrepreneurs change the face of
  business, social entrepreneurs act as the change
  agents for society, seizing opportunities others
  miss and improving systems, inventing new
  approaches, and creating solutions to change
  society for the better.
• While a business entrepreneur might create
  entirely new industries, a social entrepreneur
  comes up with new solutions to social problems
  and then implements them on a large scale.

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Definition of SE

• Social entrepreneurs drive social innovation and
  transformation in various fields including
  education, health, environment and enterprise
  development.
• They pursue poverty alleviation goals with
  entrepreneurial and, business methods and the
  courage to innovate and overcome traditional
  practices.
• A social entrepreneur, similar to a business
  entrepreneur, builds strong and sustainable
  organizations, which are either set up as
  not-for-profit or for-profit companies.

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Components of Social Entrepreneurship

• There are 3 key components that emerge out of
  these definitions of Social Entrepreneurship
• Problem Recognition
• A sustainable solution
• Social change

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What is the difference between a Entrepreneur and
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 social change (a social venture).
• Business entrepreneur typically measures
  performance in profit and return.
• The main aim of social entrepreneurship is to
  further social and environmental goals. 

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What is a Social Enterprise?

• Social enterprises are social mission driven
  organizations which apply market-based strategies
  to achieve a social purpose.
• The movement includes both non-profits that use
  business models to pursue their mission and
  for-profits whose primary purposes are social.

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European Union Definition of SE

• Social enterprise means an enterprise whose
  primary objective is to achieve social impact
  rather than generate profit for owners and
  stakeholders.
• It operates in the market through the production
  of goods and services in an entrepreneurial and
  innovative way.
• It is managed in an accountable and transparent
  way, by involving workers, customers and
  stakeholders affected by its business
  activity. 

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Social Enterprise

• Their aim is to accomplish targets that are
  social and/or environmental as well as financial
  is often referred to as the triple bottom line.
• Many commercial businesses would consider
  themselves to have social objectives, but social
  enterprises are distinctive because their social
  or environmental purpose remains central to their
  operation.

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Triple Bottom Line
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Definition of the European union

• Social Enterprise 
• means an enterprise whose primary objective is to
  achieve social impact rather than generate profit
  for owners and stakeholders.
• It operates in the market through the production
  of goods and services in an entrepreneurial and
  innovative way, and uses surpluses mainly to
  achieve social goals 

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Social Entrepreneurs are

• Ambitious
• Social entrepreneurs tackle major social issues.
• They operate in all kinds of organizations
  innovative nonprofits, social-purpose ventures,
  and hybrid organizations that mix elements of
  nonprofit and for-profit organizations.

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Social Entrepreneurs are

• Mission driven 
• Generating social value not wealthis the
  central criterion of a successful social
  entrepreneur.
• While wealth creation may be part of the process,
  it is not an end in itself. Promoting systemic
  social change is the real objective.

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Social Entrepreneurs are

• Strategic 
• Like business entrepreneurs, social entrepreneurs
  see and act upon what others miss
• Opportunities to improve systems, create
  solutions and invent new approaches that create
  social value.
• And like the best business entrepreneurs, social
  entrepreneurs are intensely focused and
  hard-driving in their pursuit of a social vision.

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Social Entrepreneurs are

• Resourceful 
• Operate within a social context rather than the
  business world
• Have limited access to capital and traditional
  market support systems.
• Must be skilled at mobilizing human, financial
  and political resources.

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Social Entrepreneurs are

• Results oriented Social entrepreneurs are driven
  to produce measurable returns. These results
  transform existing realities, open up new
  pathways for the marginalized and disadvantaged,
  and unlock societys potential to effect social
  change.

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A social entrepreneur is a leader or pragmatic
visionary who

• Achieves large scale, systemic and sustainable
  social change through a new invention, a
  different approach, a more rigorous application
  of known technologies or strategies, or a
  combination of these.
• Focuses on the social and/or ecological value
  creation and tries to optimize the financial
  value creation.
• Innovates by finding a new product, a new
  service, or a new approach to a social problem. 
• Continuously refines and adapts approach in
  response to feedback. 
• Combines the characteristics represented by
  Richard Branson and Mother Teresa.

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Social entrepreneurs share come common traits
including

• An unwavering belief in the capacity of all
  people to contribute meaningfully to economic and
  social development 
• A driving passion to make that happen. 
• A practical but innovative stance to a social
  problem, using market principles and forces,
  coupled with determination, that allows them to
  break away from constraints imposed by ideology
  or field of discipline, and pushes them to take
  risks that others wouldn't dare. 

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Social entrepreneurs share come common traits
including

• Measure and monitor their impact. Entrepreneurs
  have high standards, particularly in relation to
  their own organizations efforts and in response
  to the communities with which they engage.
• Data, both quantitative and qualitative, are
  their key tools, guiding continuous feedback and
  improvement. 
• A healthy impatience. Social cannot sit back and
  wait for change to happen they are the change
  drivers.

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Examples Of Social Entreprenurs

• Maria Montessori (Italy) - Developed the
  Montessori approach to early childhood education.
• Florence Nightingale (UK) - Founder of modern
  nursing, she established the first school for
  nurses and fought to improve hospital conditions.
• Ibrahim Abouleish (Egypt) - Founder of SEKEM,
  a biodynamic agricultural corporation, alternative
  medicine, and educational center located outside
  of Cairo.

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Examples of social Entrprenurs

• Muhammad Yunus (Bangladesh) - Founder
  of microcredit and the Grameen Bank. He was
  awarded the 2006 Nobel Peace Prize.
• Bill Drayton (U.S.) - Founded Ashoka, Youth
  Venture, and Get America Working!
• Jamie Oliver (U.K.) - TV chef who campaigned to
  improve children's diet at school. He also
  trained disadvantaged young people to become
  chefs. He created a restaurant - a social
  enterprise - called Fifteen which employed these
  newly trained youngsters. Fifteen is now a global
  chain of restaurants.

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SEKEM

• SEKEM  With a name that essentially means
  vitality from the sun, this Egyptian company
  has certainly lived up to its promise by
  continuously encouraging social, personal and
  environmental development. Since SEKEM was
  founded in 1977 by Dr. Ibrahim Abouleish, a
  pharmacologist, it has
• Produced medicinal, herbal, gastronomical and
  aesthetically focused products that serve the
  needs of its customers
• Improved the environment through biodynamic farms
• Built an educational establishment for children
  to emphasize creativity and analytical thought
• Instituted a healthcare center devoted to
  holistic medicine

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Grameen Bank

• Reversed conventional banking practice by
  removing the need for collateral and created a
  banking system based on mutual trust,
  accountability, participation and creativity.
• Credit is a cost effective weapon to fight
  poverty and it serves as a catalyst in the over
  all development of socio-economic conditions of
  the poor who have been kept outside the banking
  orbit.
• Muhammad Yunus, the founder, if financial
  resources can be made available to the poor
  people on terms and conditions that are
  appropriate and reasonable, these millions of
  small people with their millions of small
  pursuits can add up to create the biggest
  development wonder.