Identifying Social Entrepreneurship Opportunities

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

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About Course

This Course will clarify the definition and meaning of Social Entrepreneurship and will focus on the need to learn about the source and root of a social problem. You will be introduced to different perspectives about Social Entrepreneurship and you will learn about complementary and opportunistic assets which will help you to detect an opportunity and develop an idea of how to create a business for social change. From a practical perspective you will be asked to initiate a team formation process and start to think about a problem topic that you want to address with your social venture in the future. You will work in a team to research this topic and will gradually start to think about a particular opportunity and identify a purpose for your social venture project.

Course Syllabus

Welcome to the first Module of Course 1! In this first Module you will receive an administrative introduction to the general structure of the Specialization and learn how you can manage the courses successfully. Content-wise we will, first, address the definition and meaning of Social Entrepreneurship. Second we will focus on the need to learn about the source and root of a social problem and highlight the importance to deal with this prior to thinking about solutions.

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Course Introduction

Identifying Social Entrepreneurship Opportunities Having a great time during an interview can be one of the most important parts of the job application process. Knowing how to flair your resume and get invited to coffee chats can be the deciding factor in getting hired. Knowing how to cultivate an audience and develop a network can also be a deciding factor in landing an interview. Knowing how to develop a successful business model and how to start and grow a successful team can also be a deciding factor in managing your business. In this course, we'll go in-depth on the application process, identifying the key elements of an effective application, and how to apply these elements to your business. We'll cover the elements of an effective application by looking at specific topics in business and in life, including how to market yourself, how to attract and develop talent, how to grow and support your team, and how to build and maintain an advantage over time. We'll also look at how to build and maintain an advantage over time by thinking about a number of specific cases, including how to identify winners and losers, how to innovate and create value, and how to build an advantage over time. By the end of this course, you'll have a much better understanding of how to apply the application phase concepts and skills to your business in order to maximize your opportunities for success.Identifying Your Competitors: Applying Competitive Analysis Developing an Effective Application: Qualifying Your Competitive Strategy and Marketing Strategy Marketing Strategy and Structure Building an Advantage

Course Tag

Asset Income Project Social Entrepreneurship

Related Wiki Topic

Article Example
Social entrepreneurship The concept of "social entrepreneurship" is not a novel idea, but in the 2000s, it has become more popular among society and academic research, notably after the publication of "The Rise of the Social Entrepreneur" by Charles Leadbeater. Many activities related to community development and higher social purpose fall within the modern definition of social entrepreneurship. Despite the established definition nowadays, social entrepreneurship remains a difficult concept to define, since it may be manifested in multiple forms. A broad definition of the concept allows interdisciplinary research efforts to understand and challenge the notions behind social entrepreneurship. No matter in which sector of society certain organizations are (i.e. corporations or unincorporated associations, societies, associations or cooperatives), social entrepreneurship focuses on the social impact that an endeavor aims at. Whether social entrepreneurship is altruistic or not is less important than the effect it has on society.
Social entrepreneurship Since social entrepreneurship has only started to gain momentum in the 2000s, current social entrepreneurs are encouraging social advocates and activists to develop into innovative social entrepreneurs. Increasing the scope and scale of social entrepreneurship may increase the likelihood of an efficient, sustainable, and effective initiative; although it may also render social entrepreneurship more challenging. Increased participation draws more attention to social entrepreneurship ventures from policymakers and privately owned corporations. The increased involvement from corporations and governments may help to strengthen social entrepreneurship, as it may lead to policy changes and to the development of training programs and leadership development programs for social entrepreneurs. Simultaneously, research shows that as social entrepreneurs attempt to widen their impact and scale their efforts, external institutions will have a key role to play in their success.
National Social Entrepreneurship Forum National Social Entrepreneurship Forum (NSEF) is a non-profit organization supporting youth-driven social innovations & entrepreneurship in India.
Entrepreneurship Entrepreneurs are leaders willing to take risk and exercise initiative, taking advantage of market opportunities by planning, organizing, and deploying resources, often by innovating to create new or improving existing products or services. In the 2000s, the term "entrepreneurship" has been extended to include a specific mindset (see also entrepreneurial mindset) resulting in entrepreneurial initiatives, e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship.
Social entrepreneurship In the 2000s, scholars and practitioners have debated which individuals or organizations can be considered to be social entrepreneurs. Thus far, there has been no firm consensus on the definition of social entrepreneurship, as so many different fields, disciplines and organization types are associated with social entrepreneurship, ranging from for-profit businesses to hybrid models combining charitable work with business activities, to non-profit charities, voluntary sector organizations and non-governmental organizations. Philanthropists, social activists, environmentalists, and other socially-oriented practitioners are often referred to as social entrepreneurs. Social entrepreneurs can include a range of career types and professional backgrounds, ranging from social work and community development to entrepreneurship and environmental science. For this reason, it is difficult to determine who is a social entrepreneur. David Bornstein has even used the term "social innovator" interchangeably with social entrepreneur, due to the creative, non-traditional strategies that many social entrepreneurs use. For a clearer definition of what social entrepreneurship entails, it is necessary to set the function of social entrepreneurship apart from other voluntary sector and charity-oriented activities and identify the boundaries within which social entrepreneurs operate. Some scholars have advocated restricting the term to founders of organizations that primarily rely on earned income (meaning income earned directly from paying consumers), rather than income from donations or grants. Others have extended this to include contracted work for public authorities, while still others include grants and donations.
Social entrepreneurship Social entrepreneurship in modern society offers an altruistic form of entrepreneurship that focuses on the benefits that society may reap. Simply put, entrepreneurship becomes a social endeavor when it transforms social capital in a way that affects society positively. It is viewed as advantageous because the success of social entrepreneurship depends on many factors related to social impact that traditional corporate businesses do not prioritize. Social entrepreneurs recognize immediate social problems, but also seek to understand the broader context of an issue that crosses disciplines, fields, and theories. Gaining a larger understanding of how an issue relates to society allows social entrepreneurs to develop innovative solutions and mobilize available resources to affect the greater global society. Unlike traditional corporate businesses, social entrepreneurship ventures focus on maximizing gains in social satisfaction, rather than maximizing profit gains. Both private and public agencies worldwide have had billion-dollar initiatives to empower deprived communities and individuals. Such support from organizations in society, such as government-aid agencies or private firms, may catalyze innovative ideas to reach a larger audience.
Schwab Foundation for Social Entrepreneurship In addition to identifying the world’s leading social entrepreneurs, the Foundation fosters peer-to-peer exchanges and community building between them (260 entrepreneurs in 2013), replication of their methodologies and connecting them with corporate, political, academic, media and other leaders. Social entrepreneurs participate in Forum initiatives and serve as experts for the Forum’s Global Agenda Councils. The Foundation works with selected companies to advance activities of social entrepreneurs and initiatives that support social entrepreneurship. The Foundation identifies rising social entrepreneurs under the age of 40 through its Forum of Young Global Leaders. Scholarship opportunities for executive education opportunities are offered to selected social entrepreneurs in conjunction with Harvard and Stanford Universities and INSEAD. Case studies on specific social entrepreneurs are provided to leading academic institutions to incorporate into undergraduate and graduate level courses.
Social entrepreneurship Social entrepreneurship is distinct from the concept of entrepreneurship, yet still shares several similarities with its business cousin. Jean-Baptiste Say (1767–1832), a French economist, defined an entrepreneur as a person who "undertakes" an idea and shifts perspectives in a way that it alters the effect that an idea has on society. An entrepreneur is further defined by Say as someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The difference between "entrepreneurship" and "social entrepreneurship", however, stems from the purpose of a creation. Social entrepreneurs seek to transform societies at large, rather than transforming their profit margin, as classic entrepreneurs typically seek to do. Social entrepreneurs use a variety of resources to bring societies into a better state of well-being.
Social entrepreneurship Organizations such as the Skoll Foundation, the Omidyar Network, the Schwab Foundation for Social Entrepreneurship, Athgo, New Profit Inc., National Social Entrepreneurship Forum, Echoing Green, and the Global Social Benefit Institute among others, promote and providing resources to advance the initiatives of social entrepreneurs. The North American organizations tend to have a strongly individualistic stance focused on a handful of exceptional leaders. For example, The Skoll Foundation, created by eBay's first president, Jeff Skoll, makes capacity-building "mezzanine level" grants to social entrepreneurial organizations that already have reached a certain level of effectiveness.
Social entrepreneurship There are also a broader range of hybrid profit models, where a conventional business invests some portion of its profits on socially, culturally or environmentally beneficial activities. The term "Philanthropreneurship" has been applied to this type of activity. Corporate employees can also engage in social entrepreneurship, which may or may not be officially sanctioned by the company. This has been described as corporate social entrepreneurship.
Knowledge entrepreneurship Social entrepreneurship, Political entrepreneur, Internet Entrepreneur, Entrepreneurship education, Entrepreneurial Economics
Skoll Centre for Social Entrepreneurship The Skoll Centre for Social Entrepreneurship is an academic entity for the advancement of social entrepreneurship at Saïd Business School at the University of Oxford. The Centre seeks to foster innovative social transformation through education, research, and collaboration.
Entrepreneurship In the 2000s, "entrepreneurship" has been extended from its origins in for-profit businesses to include social entrepreneurship, in which business goals are sought alongside social, environmental or humanitarian goals, and even the concept of the political entrepreneur. Entrepreneurship within an existing firm or large organization has been referred to as "intrapreneurship" and may include corporate ventures where large entities "spin off" subsidiary organizations.
Entrepreneurship According to Shane and Venkataraman, entrepreneurship comprises both "enterprising individuals" and "entrepreneurial opportunities", and researchers should study the nature of the individuals who identify opportunities when others do not, the opportunities themselves and the nexus between individuals and opportunities. On the other hand, Reynolds et al. argue that individuals are motivated to
Social entrepreneurship The terms "social entrepreneur" and "social entrepreneurship" were used first in the literature in 1953 by H. Bowen on his book "Social Responsibilities of the Businessman". The terms came into widespread use in the 1980s and 1990s, promoted by Bill Drayton, Charles Leadbeater, and others. From the 1950s to the 1990s, the politician Michael Young was a leading promoter of social entrepreneurship and in the 1980s, he was described by Professor Daniel Bell at Harvard University as the "world's most successful entrepreneur of social enterprises". Young created more than sixty new organizations worldwide, including the School for Social Entrepreneurs (SSE) which exists in the UK, Australia, and Canada and which supports individuals to realize their potential and to establish, scale, and sustain, social enterprises and social businesses. Another notable British social entrepreneur is Andrew Mawson OBE, who was given a peerage in 2007 because of his urban regeneration work including the Bromley by Bow Centre in East London. Although the terms are relatively new, social entrepreneurs and social entrepreneurship may be found throughout history. A list of a few noteworthy people whose work exemplifies the modern definition of "social entrepreneurship" includes Florence Nightingale, founder of the first nursing school and developer of modern nursing practices; Robert Owen, founder of the cooperative movement; and Vinoba Bhave, founder of India's Land Gift Movement. During the nineteenth and twentieth centuries some of the most successful social entrepreneurs straddled the civic, governmental, and business worlds. These pioneers promoted new ideas that were taken up by mainstream public services in welfare, schools, and health care.
Skoll Centre for Social Entrepreneurship In November 2003, the Skoll Foundation, a social entrepreneurship foundation founded by Jeff Skoll, donated £4.4m to the Saïd Business School for the creation of The Skoll Centre for Social Entrepreneurship in order to promote the advancement of social entrepreneurship worldwide. The Centre acts as a network hub for social entrepreneurship, linking together key actors in the sector and contributing towards creating new and effective partnerships for sustainable social change. It engages in social innovation and aims to have a decisive influence on policy.
Entrepreneurship education Entrepreneurship education can be oriented towards different ways of realizing opportunities:
Social entrepreneurship In the 2010s, social entrepreneurship is facilitated by the use of the Internet, particularly social networking and social media websites. These websites enable social entrepreneurs to reach a large number of people who are not geographically close yet who share the same goals and encourage them to collaborate online, learn about the issues, disseminate information about the group's events and activities, and raise funds through crowdfunding.
Social entrepreneurship Social entrepreneurship is the use of the techniques by start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices, but social entrepreneurs are either non-profits or blend for-profit goals with generating a positive "return to society" and therefore must use different metrics. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
Entrepreneurship ecosystem An entrepreneurial ecosystem or entrepreneurship ecosystem refers to the social and economic environment affecting the local/regional entrepreneurship.