Business,

Five Important Factors of Social Entrepreneurship

Who is a social entrepreneur?

Social entrepreneurs are visionaries who try to bring about positive change in the society by practically applying their social entrepreneurship ideas and strategies to resolve social problems in the society. These problems are vast and diverse in nature. They are threats not only limited to a particular community or region, but they are global in nature, some of the common social issues and problems are-inadequate education  and health facilities and system, environmental threats, declining and inefficient political systems and governance, poverty, unemployment, inequality based on gender ,caste and creed;  increase in crime rates and so on.

businessman

A social entrepreneur is an individual who works with an initiative to develop pioneering ideas and solutions for the existing social problems and issues faced by the society. They try to resolve these problems by changing the system of working and mind set of people, by spreading awareness about how to tackle these problems and issues; and developing social entrepreneurship resources to empower the community. They try to convince the society as a whole to think on different dimensions and directions. Social entrepreneurs develop simple comprehensible ideas which people can understand and use for the betterment and development of the society. Their aim is to identify and create efficient change makers or role models, who will in turn motivate the masses to develop their own ideas, solutions and strategies to resolve these social issues. In short a social entrepreneur is an agent or mediator who thrives to bring about positive change in the society.

How do these social entrepreneurs function?

They firstly analyse the social problem/issue to be tackled. Try to find out the underlying causes and roots of the problem, this is done through thorough social entrepreneurship research, field analysis findings, surveys and observation methods. Then they study and link them in terms with the existing societal patterns and emerging social entrepreneurship trends in the society. Then ideas and strategies are developed for bringing in change in the mind set of the people, bringing change in their lifestyle and attitude. By doing this they try to identify and develop change makers from the society itself, these change makers work as role models, motivators and leaders to bring about positive progressive changes in the entire system.

These change makers form a team, social entrepreneurship network with each other and create a platform for people with similar goals and objectives. This platform allows interchange of ideas, feedbacks and development of effective strategies to resolve the problem. This platform also associates the funders who want to associate themselves with bringing about positive change in the society along with the change makers. The social entrepreneurs work in collaboration with social innovators, funders, grass root leaders, social workers, and community organisations to bring about effective long lasting social changes in the society.

What does social entrepreneurship  mean?

So we know who a social entrepreneur is, now we need to understand what social entrepreneurship means. Social entrepreneurship is a process through which we try to resolve social entrepreneurship problems and issues by the use of social entrepreneurship business techniques. Here the entrepreneur not only aims at improving the performance and profit of his own organisation, but also aims at providing positive profits to the society. There is no concrete definition of social entrepreneurship, as people from diverse fields are associated with it- philosophers, social activists, environmentalists and socially oriented professionals. Social entrepreneurs have different strategies for bringing about change in the society, some provide contracted work to public establishments; others provide social entrepreneurship funding in the form of grants and donations, develop social and economic assets and resources for the community as a whole.

What Social Entrepreneurship focuses on?

Social entrepreneurship focuses on gaining understanding of how a social problem develops and how an entrepreneur with the use of his innovative practical ideas and business strategies develop solutions to resolve the problem; and motivates him to utilize the available social entrepreneurship resources to overcome the problem to benefit the society as a whole. Social entrepreneurs focus at utilising the various available resources to create a better and progressive society. As social entrepreneurship does not have a concrete definition, groups focused on social entrepreneurship can be categorised into:

  • Community based enterprises; these are based on societal ventures. The community as a whole utilises the capital to empower itself.
  • Socially conscientious enterprises; these enterprises focus on sustainable development through social gains.
  • Social service organisations and professionals; these work to expand social capital for individuals, community and organisations,
  • Socio economic enterprises, these focus upon bringing about profits to the individuals and non profit social change in the community.

Apart from these there are organisations which focus on empowerment of the social entrepreneurs; they create a platform to connect these social entrepreneurs with like minded people, mentors and funding agencies. They help in further strengthening and fortification of the various social entrepreneurship mode

Author Since: Mar 02, 2019

HI, I am Alekhya expertize in business from past 3 years ago, you can check in our website we provided information on business services including advice, E-commerce and marketing advice and support. My mission is to help smaller businesses achieve their ambitions.