The Core of Social Etrep.

Process/creation in social entrepreneurship sustainable innovations at
solving social problems

Sustainable innovation -sustainable innovation involves making intentional
changes to a company's products, services, or processes to generate long-term
social environmental benefits while creating economic profits for the firm.
Example of sustainable innovation: Bio bean-upcycle spent coffee grounds into
eco-friendly.
Social entrepreneurship - social entrepreneurship is an approach by individuals,
group, startup companies or entrepreneurs, which they develop fund and
implement solution to social cultural, environmental issues.
Example of social enterprise: Microfinance institution.
Entrepreneur - person
Entrepreneurship - process
Enterprise – outcome
How can social entrepreneurship contribute to sustainable innovation?

- first social entrepreneurs apply business and management principles to solving
social problems especially when governments or markets have failed or where
there are unmet needs.
- second social entrepreneurs emphasize the development of efficient, affordable
and cost-effictive solution.
Process in social entrepreneurship sustainable innovation at solving problems.

- social entrepreneurship and sustainable innovation help our world to increase
social problems.
Social problems:
1. Change
2. Lack of jobs
3. Pollution
4. Flood
5. Poverty
Social entrepreneurship is an emerging alternative to governmental and non-
profit approaches to social problems. Social innovation unlocks solutions to
environmental challenges and spearheads efforts to create these sustainable
practices.
Five characteristics that illustrate why an entrepreneurial mindset is best poised

to solve social problems.
1. Entrepreneurial thinking challenges tradition. The most successful social
entrepreneurs challenge themselves to be open-minded and approach problems
with a filter that is void of established tendencies and stigmas. They are
unconventional thinkers, not limited by the constraints of the systems in place,
but instead challenge those systems with fresh ideas and techniques.
2. Entrepreneurial thinking combines creativity with market intelligence.

Entrepreneurial thinking naturally embodies creativity, a boundless imagination
as to what is possible. But the most successful entrepreneurial endeavors balance
creative solutions with comprehensive market intelligence.
3. Entrepreneurial thinking practices humility. Humility is a core component of

entrepreneurial thinking. It drives even the boldest leaders to challenge their own
established tendencies and recognize their potential for continual improvement.
4. Entrepreneurial thinking embraces risk and failure. The social sector has never
taken failure lightly – funding protocols, public perception and the significance of
the problems being addressed have contributed to a risk-adverse environment.
5. Entrepreneurial thinking is BIG. Big problems require big solutions.

Entrepreneurs are driven by a “go big, go home” mentality in everything they do,
and that is why entrepreneurial thinking is needed more today than ever before.
The core of social Entrepreneurship
Introduction
•Doing a business and contributing to a social cause simultaneously is a real win-
win situation for all stakeholders.
•The significant differentiation point of social entrepreneurs is their
relatively high social conscience.
•Social entrepreneurs look at any social problem as a challenge and opportunity
to serve a social cause. Money is not a bigger motivation than getting to address a
social need.
Social Entrepreneurship
•It is this approach that sets the social entrepreneur apart from the rest of the crowd of
well-meaning people and organizations who dedicate their lives to social improvement.
•Definition of social entrepreneurship should reflect the need for a substitute for the
market discipline that works for business entrepreneurs.
Different Views on Social Entrepreneur
•Social entrepreneurs are individuals with innovative solutions to society’s mostpressing

social problems. (Ashoka)
•A person who pursues an innovative idea with the potential to solve a community
problem. These individuals are willing to take on the risk and effort to create positive
changes in society through their initiatives( Adam Smith)
•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. ( Schwab Foundation)
Ten Characteristic of Social Entrepreneur
1.Try to shrug off the constraints of ideology or discipline.

2.Identify and apply practical solutions to problems, combining
innovation,resourcefulness and opportunity.
3.Innovate by finding a new product, service or approach to a social problem.
4.Focus first and foremost on social value creation and, in that spirit, are willing to share
their innovations and insights for others to replicate.
5.Jump in before ensuring that they are fully resourced
6.Have an unwavering belief in everyone's innate capacity, often regardless of

education, to contribute meaningfully to economic and social development
.
7.Show a dogged determination that pushes them to take risks that others wouldn'tdare.
8.Balance their passion for change with the zeal to measure and monitor impact.
9.Have a great deal to teach change makers in other sectors.
10.Display a healthy impatience.
Motivation for Social Entrepreneur

1.More than good intentions
2.Look outward, not inward, for motivation
3.Efficient compassion is the best kind
4.Listening to voices other than your own
5.Beware of branding at someone else’s expense
6.bottom-up solutions, not top-down
7.Results matter, not mission or programs
8.There’s plenty of room for genuinely new ideas
9.Drawing the line between good and evil
10.Government’s Imperative towards Social Cause
Summary
•Social entrepreneurship means different things to different people.
•Social entrepreneurs are individuals with innovative solutions to society’s most
pressing social problems
•Social entrepreneurs are ambitious and persistent, tackling major social issues and
offering new ideas for wide-scale change.
•Charity & social entrepreneurship differs significantly in its processes and goals.
•Country like India requires growth of social entrepreneurship as limited natural and
financial resources in the country capitalism cannot be the answer of all sorts of
problems.
•Government subsidies and charity initiatives are not sustainable in long run, but social
enterprises are.
•Social entrepreneur’s motivation goes beyond philanthropy and leans towards

innovation and meeting challenges.

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Process/creation in social entrepreneurship sustainable innovations at

solving social problems

How can social entrepreneurship contribute to sustainable innovation?

Process in social entrepreneurship sustainable innovation at solving problems.

Five characteristics that illustrate why an entrepreneurial mindset is best poised

2. Entrepreneurial thinking combines creativity with market intelligence.

3. Entrepreneurial thinking practices humility. Humility is a core component of

5. Entrepreneurial thinking is BIG. Big problems require big solutions.

Different Views on Social Entrepreneur

•Social entrepreneurs are individuals with innovative solutions to society’s mostpressing

•Social entrepreneur is a leader or pragmatic visionary who: Achieves large

Ten Characteristic of Social Entrepreneur

1.Try to shrug off the constraints of ideology or discipline.

3.Innovate by finding a new product, service or approach to a social problem.

5.Jump in before ensuring that they are fully resourced

6.Have an unwavering belief in everyone's innate capacity, often regardless of

9.Have a great deal to teach change makers in other sectors.

10.Display a healthy impatience.

Motivation for Social Entrepreneur

•Social entrepreneur’s motivation goes beyond philanthropy and leans towards

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