Summary Social Entrepreneurship Entrepreneurship & Small Firms: Lecture 6Entrepreneurship & Small Firm

What is social entrepreneurship and what do social entrepreneurs do?what do social entrepreneurs do?  Entrepreneurship is usually discussed in a businessEntrepreneurship is usually discussed in a business contextcontext  Creative pursuit of private profit and gain underpinsCreative pursuit of private profit and gain underpins entrepreneurshipentrepreneurship  Since early 1990s there has been recognition thatSince early 1990s there has been recognition that entrepreneurs can operate for non private gainentrepreneurs can operate for non private gain  Such individuals are calledSuch individuals are called social entrepreneurssocial entrepreneurs andand what they practice is calledwhat they practice is called social entrepreneurshipsocial entrepreneurship What is social entrepreneurship andWhat is social entrepreneurship and what do social entrepreneurs do?what do social entrepreneurs do?  Not just philanthropy / good works / basicNot just philanthropy / good works / basic altruismaltruism  Mobilisation ofMobilisation of sound entrepreneurial principlessound entrepreneurial principles  Targeted at makingTargeted at making long-term sustainablelong-term sustainable changechange  Double or triple bottom line objectivesDouble or triple bottom line objectives What is social entrepreneurship andWhat is social entrepreneurship and what do social entrepreneurs do?what do social entrepreneurs do?  Usual problems of definition ....Usual problems of definition ....  ……there are many definitions of:there are many definitions of: - social entrepreneurshipsocial entrepreneurship - social entrepreneurssocial entrepreneurs - social enterprisessocial enterprises What is social entrepreneurship andWhat is social entrepreneurship and what do social entrepreneurs do?what do social entrepreneurs do? ‘‘Social entrepreneursSocial entrepreneurs are not content to justare not content to just give a fish or teachgive a fish or teach how to fish. They willhow to fish. They will not rest until they havenot rest until they have revolutionised therevolutionised the fishing industry.’fishing industry.’ Bill Drayton, CEO, ChairBill Drayton, CEO, Chair and founder of Ashokaand founder of Ashoka What is social entrepreneurship andWhat is social entrepreneurship and what do social entrepreneurs do?what do social entrepreneurs do