Phases in a Group Discussion: Introduction, Central Group Discussion and Summarization
To work in any organization, it is essential to work in a team because no organization can run with a single man. They mostly require workforce and people who can work well in a group and produce results. To evaluate these things, many organizations do conduct group discussion before a personal interview. Though there is […]
Does Academic Excellence Guarantee Professional Success or It Just Gives a Head Start?
How Our Entire Merit Based System is Built on Rewarding Graduates with Good Grades Often, it is though those students who do well in college go on to become successful professionals. Indeed, our entire recruitment paradigm is based on short listing those who have good grades and who have been consistent in their academic lives. […]
Employee Grievance – Effective Ways of Handling Grievance
Grievance may be any genuine or imaginary feeling of dissatisfaction or injustice which an employee experiences about his job and it’s nature, about the management policies and procedures. It must be expressed by the employee and brought to the notice of the management and the organization. Grievances take the form of collective disputes when they […]
Methods of Improving Organizational Knowledge
Knowledge is the new lubricant that runs the world economy. We live in what Alvin Toffler called the “Third Wave Society”. A society built around the new and emerging paradigm around knowledge as the new capital. The information technology and related industries function on the basis of knowledge as the medium of input and output. […]
Principles of Entrepreneurship
Entrepreneurs need to follow some basic principles which would serve as guidelines and beacons for their success. Based on the research conducted over a period of three years and by interviewing more than 150 entrepreneurs, noted author and management expert, Bill Murphy came out with a book about entrepreneurship which was published by Harvard Business […]
Social entrepreneurship is all about recognizing the social problems and achieving a social change by employing entrepreneurial principles, processes and operations.
It is all about making a research to completely define a particular social problem and then organizing, creating and managing a social venture to attain the desired change.
The change may or may not include a thorough elimination of a social problem. It may be a lifetime process focusing on the improvement of the existing circumstances.
While a general and common business entrepreneurship means taking a lead to open up a new business or diversifying the existing business, social entrepreneurship mainly focuses on creating social capital without measuring the performance in profit or return in monetary terms.
The entrepreneurs in this field are associated with non-profit sectors and organizations. But this does not eliminate the need of making profit. After all entrepreneurs need capital to carry on with the process and bring a positive change in the society.
Along with social problems, social entrepreneurship also focuses on environmental problems. Child Rights foundations, plants for treatment of waste products and women empowerment foundations are few examples of social ventures.
Social entrepreneurs can be those individuals who are associated with non-profit and non-government organizations that raise funds through community events and activities.
In the modern world, there are several well known social entrepreneurs who have contributed a lot towards the society.
The founder and manager of Grameen Bank, Muhammad Yunus is a contemporary social entrepreneur who has been awarded a Nobel Peace Prize for his venture in the year 2006. The venture has been continuously growing and benefiting a large section of the society.
Rang De is another brilliant example of a non-profit social enterprise.
Established in the year 2008 by Ramakrishna and Smita Ram, it is an online platform from where rural and urban poor people in India can access micro-credits with an interest rate of as low as 2 percent per annum.
Lenders from all across the country can directly lend money to borrowers, track investments and receive regular payments online.
The George Foundation is one more nationally recognized social enterprise. The Women’s Empowerment Program creates awareness among women by providing them education, vocational training, cooperative farming, business development and savings planning.
By employing the principles of social entrepreneurship, these organizations are addressing the social problems and bringing a positive change in the society.
There are several other organizations that are considered as a positive changemakers in the society.
Echoing Green, The Canadian Social Entrepreneurship Foundation, Schwab Foundation for Social Entrepreneurship, The Skoll Foundation, NIKA Water Company, Newman’s Own and Ashoka: Innovators for the Public are such organization that aim for bringing social change and continuously improving the existing conditions in the society.
The field of social entrepreneurship is rapidly growing and attracting the attention of numerous volunteers.
It has now become a common term in university campuses. The reason behind the increasing popularity of this product is that individuals get to do what they have been thinking for long. The extraordinary people put their brilliant ideas and bring a change in society against all odds.
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What is Social Entrepreneurship and Why the World Needs More Social Entrepreneurs
February 12, 2025
Who is a Social Entrepreneur ? – Famous Social Entrepreneurs
February 12, 2025
