Social entrepreneurship is emerging as an innovative approach for dealing with complex social needs. With its emphasis on problem solving and social innovation, socially entrepreneurial activities blur the traditional boundaries between the public, private and non‐profit sector, and emphasize hybrid models or for‐profit and non‐profit activities (Johnson, 2000). With this definition in mind what are your thoughts on social enterprise???
Why did we use our combined skills on a not for profit as opposed to using our business skills and resources and apply these to a for profit venture which would be of much value to us personally? We found a problem we believed needed to be addressed which was the infant Mortality rate in third world and developing countries and came to the decision that this required out attention. Our view was that a social enterprise would be the best way to tackle this problem. I believe a social enterprise offers a different value proposition than for profit organisations and I believe that the public respect the work of social organisations that much more than that of an organisation solely focused on profit and this is a major factor to the success of social ventures.
What are your thoughts on social entrepreneurship and the effect it is having on today’s society, negative or positive??
hi Nathan,
ReplyDeletei really like your view of social entrepreneurship, however how's your social enterprise give a different value than profit organization, where most of organisation do a social job to gain people sympathy and gain a benefit from government regulation, such as lower tax.
cheers,
caroline
Hi Nathan,
ReplyDeleteIn response to the first part of your comment, I believe you have offered a really interesting definition of social entrepreneurship. I too agree that it is most definitely an emerging concept, and does concern itself in finding problem solving using social innovations. I have really understood Entrepreneurship and Social Responsibility to surround the concept of innovative Organisation’s gaining a sense of responsibility, by synergistically generating an earned income whist primarily committed to a social purpose (Sabeti 2011). My understanding puts an emphasis on self-sufficency as I have distinguished the main difference between social entrepreneurship and not-for-profit organisations is the fact that social enterprise generate an income, whist not-for-profit's rely wholly on donations.
I am slightly confused by your post, as you firstly state that you have used "your combined skills on a not-for-profit" instead of opting for a profit venture, however go on to say that "a social enterprise would be the best way to tackle" your cause - infant morality rate. I am unsure of whether your business concept is a not-for-profit or a social enterprise. I would love to hear more about which business concept you have chosen and why?
I look forward to continuing my time on your blog, as your cause and concept seem really strong.
Kind Regards,
Olivia
Thanks Olivia for all your comments on my blog your input hasn't gone unnoticed. I apologise for the confusion and put this down to been poorly worded on my behalf and will attempt to clear up this confusion. We are a social enterprise because as you stated a not for profits main revenue streams are that of donations and government support. Incuheal has a clear business model with our primary goal been of addressing a social problem.
ReplyDeleteHope this cleared up any confussion
Many Thanks Nathan Payne