What is Social Entrepreneurship?

1. Manu Mayank

2. What is Social Entrepreneurship? n. 1. Recognizing and resourcefully pursuing opportunities to create social value 2. Crafting innovative approaches to addressing critical social needs Social entrepreneurship is the process of recognizing and resourcefully pursuing opportunities to create social value. Social entrepreneurs are innovative, resourceful, and results oriented. "What business entrepreneurs are to the economy, social entrepreneurs are to social change.” -being a social entrepreneur is doing business with a conscience. Manu Mayank

3. What solutions do we have today? • Government – Alone is not the answer [Inefficiencies, slow, bureaucratic, prone to corruption] • Non Profit Orgs – Inadequate • Dependant on grants [uncertain, demand>supply] • “Compassion Fatigue” • Fundraising takes time & energy, which can be spent planning growth/expansion • Multilateral Institutions like World bank –Ineffective • Conservative, slow, under-funded, unreliable • Success is measured by (a) GDP [might not be helping poor] (b) Volume of loans negotiated [not measuring impact] • Exclusively work with the government • Corporate Social Responsibility – Fundamentally Flawed • “As long as it can be done without sacrificing PROFITS” Manu Mayank

4. SE Quadrant • Quadrant I: traditional NPO; Foundations, trusts, charities; dependant on grants. Birthplace of modern SE • Quadrant II: Tipping point; for-profit; promise of economic transformation • Quadrant III: Transient Org; market driven but not profit oriented; defined path towards solution of complex social problems, but may not have a defined path for growth • Quadrant IV: Conventional Business; Profit oriented and market driven; Socially responsible business models Manu Mayank

5. Forms of SEs • Cooperatives: associations to meet common economic and social needs through jointly owned enterprises • Trusts: actors in community-based regeneration • Social Firms: mainly focus on creating employment & training for the disadvantaged • Community Enterprises: strong geographical definition with a focus on local markets & services • Nonprofit Trading arms: enabling nonprofits to meet their objectives in innovative ways, like fair trade companies • Credit Unions: providing access to finance • New age SEs: For profit companies with a focus on creating socio-economic and/or environmental benefits Manu Mayank

6. Characteristics of SEs • Enterprise Oriented: directly involved in production of goods and services to a market • Social Aims: explicit social aims such as job creation, capacity building, provision of local services, etc. Accountability towards social, economic and environmental impacts • Social Ownership: autonomous organizations with a governance and ownership structure based on participation by wide stakeholders. Profits shared or used for the benefits of the community Manu Mayank

7. SEs Vs. Conventional Business Manu Mayank

8. Social Innovation & Enterprise • Innovation is invariably a cumulative, collaborative activity in which ideas are shared, tested, refined, developed and applied. Social innovation applies this thinking to social issues: education and health, issues of inequality and inclusion. • Be You. Be New. • Innovation rocks. Improvisation doesn’t always suck. • More social entrepreneurs = more social enterprises + well managed growth of social enterprises = more social impact Manu Mayank

9. Case Discussion • Green Livelihoods, Hyderabad [http://greenlivelihoods.org] • Acumen Fund [http://acumenfund.org] • Husk Power Systems [http://huskpowersystems.com] Manu Mayank

10. Lets plan our own SE • Lets list top 10 ideas • Discuss their merits/demerits • Select best 3 SMART ideas based on feasibility, impacts, and sustainability • Lets VOTE to choose the winner idea! • SE Planning & Strategy: Next session Manu Mayank

11. Thank you for your enthusiasm Connect me at: Blog: http://manumayank.wordpress.com Twitter: manumayank E-mail: mmayank@stratessence.com Manu Mayank