Social Entrepreneurship: an overview Dr. Punita Bhatt - PowerPoint PPT Presentation

Social Entrepreneurship: an overview Dr. Punita Bhatt Punita.Bhatt@coventry.ac.uk 1

Agenda • My background • Social entrepreneurship-what is it? • What are its drivers? 2

My Background • Teaching social entrepreneurship • Embedding social entrepreneurship in the curriculum • Research Interest: Social entrepreneurship • PhD: social innovation in social entrepreneurship 3

So what is Social Entrepreneurship ..? First its practice…. 4

Some Social Entrepreneurs 5

Some Social Enterprises 6

Case study 1: Grameen Bank Social entrepreneur: Dr. Muhammad Yunnus • 1976-Grameen Project began with $27; • 2005-Grameen Bank has lent $5.1 billion to 5.3 million people; • Yunus's conviction that the poor can be both reliable borrowers & avid entrepreneurs. • Global micro-finance industry (Gangerni, 2005) 7 7

Case study 2: Ashoka Social entrepreneur: Bill Drayton • 1980 • Thousands of Ashoka fellowships awarded globally • Innovative solutions to social problems 8 8

Case study 3: Big Issue Social entrepreneur: Bill Drayton • 1991-Gordon Roddick & A. John Bird • Provides the homeless people the opportunity to earn a legitimate income • Based on similar program in New York • 2800 homeless as vendors, circulation of 125,000 copies of the magazine 9 9

What do Social Entrepreneurs do? “ Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry .” (Bill Drayton) “ I’m encouraging young people to become social business entrepreneurs and contribute to the world, rather than just making money. Making money is no fun. Contributing to and changing the world is a lot more fun.” (Muhammad Yunus) 10

Social Missions are Important to social entrepreneurs/enterprises but it’s the Business Model that ensures sustainability 11 11

Business Models: Social Enterprises 12 12

So what is Social Entrepreneurship ..? Its theory… 13

What is Social Entrepreneurship? “… “ innovative use of resources to explore and exploit opportunities that meet a social need in a sustainable manner” (Mair & Marti, 2004) “ innovative, social value creating activity that can occur within or across the non profit, business, or government sectors” (Austin et al., 2006) 14

How is Social Entrepreneurship different? • Entrepreneurship: practice within a commercial context • Basic premise: Entrepreneurs pursuit innovation for private profit • 1990s: ‘Beyond Profits’ 15

What is/is NOT Social Entrepreneurship? • Not Philanthropy or Altruism; • Sustainable solutions to social problems; • Social & entrepreneurial • Double/Triple bottom line 16

Drivers of social entrepreneurship 17

Drivers: restructuring of Non-profits • Reduction in Philanthropic donations • Greater accountability by donors • Reduction in government subsidies • Sustainability • Competition 18

Drivers: CSR • Collaboration across sectors • Private sector involvement in social issues • Media • Stakeholder management 19

Drivers: Government 2010-UK Conservative Party’s election manifesto’s flagship idea; Part of legislative programme of the Conservative- Liberal Democrat Coalition Agreement; AIM: " to create a climate that empowers local people and communities, building a big society that will 'take power away from politicians and give it to people'." 20

Drivers: Innovation • New business models • Integrate economic & social/environmental goals • New ideologies/business concepts • Sustainable solutions to social problems/needs (Punita Bhatt Datta, 2012) 21

The Big Society • Flagship policy idea of the 2010 UK conservative Party general election manifesto • Now forms part of the legislative programme of the coalition • Aim: "to create a climate that empowers local people and communities, building a big society that will 'take power away from politicians and give it to people • Domestic policy in England only. 22

Online Sources • Ashoka: Innovators for the Public: www.ashoka.org • The Institute for Social Entrepreneurs: www.socialent.org • Skoll Centre for Social Entrepreneurship, Said Business School, Oxford University: www.sbs.ox.ac.uk/html/faculty_skoll_main.asp • Social Enterprise Alliance: www.se-alliance.org • Bridges Community Ventures: www.bridgesventures.com/ • Social enterprise West Midlands: www..socialenterprisewm.org.uk • Triodos Bank: www.triodos.co.uk/ • Unltd: www.unltd.org.uk 23

Further Reading • Bornstein, D. and Davis, S. (2010) Social entrepreneurship: what everyone needs to know , Oxford University Press. • Dees , J.G. & Anderson, B.B. (2003). For-profit social ventures. International Journal of Entrepreneurship Education (special issue on social entrepreneurship), 2 , 1–26. (google book) • Dees, J.G., Anderson, B.B., & Wei-Skillern, J. (2004). Scaling social impact. Stanford Social Innovation Review , 1 , pp 24–32. • Dorado , S. (2006) Social entrepreneurial ventures: different values so different process of creation, No? Journal of Developmental Entrepreneurship, Vol. 11 Issue 4, p319-343. • Nicholls, A. (ed) (2006), Social Entrepreneurship: New Models of Sustainable Social Change, Oxford University Press. • Mair, J., Robinson, J. & Hockerts, K. (eds) (2006) Social Entrepreneurship, Palgrave McMillan. • Mair, J. and Marti, I. (2006). Social entrepreneurship research: A source of explanation, prediction, and delight. Journal of World Business. (Vol. 41, pp. 36- 44). • Martin, R. and Osberg, S. (2007), Social entrepreneurship: the case for definition , 24 Stanford Social Innovation Review, Spring 2007.

Thank you for listening Any questions? 25