Social Entreprenuership
Social Entreprenuership
Social Entreprenuership
Structure
13.0 Objectives
13.1 Introduction
13.2 Evolution of Social Entrepreneurship
13.3 Defining Social Entrepreneurship
13.4 Characteristics of Social Entrepreneurs
13.5 Dimensions of Social Entrepreneurship
13.6 Indian Context
13.7 Social Entrepreneurship and Sustainable Development Goals (SDGs)
13.8 Conclusion
13.9 References and Further Readings
13.0 OBJECTIVES
After studying this Unit, you should be able to:
discuss the evolution of social entrepreneurship;
define social entrepreneurship;
describe out the characteristics of social entrepreneurs;
explain the dimensions of social entrepreneurship;
briefly describe India’s context with regard to social entrepreneurship; and
infer the relevance of social entrepreneurship in realising the United Nations
Sustainable Development Goals (SDGs).
13.1 INTRODUCTION
With the aim to tackle social problems like poverty, illiteracy, ill-health, human
rights violations, disability, ecological damage, and corruption etc. citizens across
the world have engaged in various collaborative process with multiple
stakeholders, such as, governments, private institutions, community based
organisations, fund raisers etc. One such process is social entrepreneurship about,
which we shall be discussing in this Unit. Social entrepreneurship has been
referred to, as a social movement, field/domain, and profession. However, ‘Social
Entrepreneurship’, as the name indicates, is absolutely influenced by the
entrepreneurial spirit of business enterprises that exploits opportunities to
enhance social wealth. In fact, social entrepreneurs are people with relentless
mission to tackle social problems. Social entrepreneurs, in pursuit of realising the
mission, will not give up till they are able to transform their ideas into reality.
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Social To illustrate, Mohammad Yunus, the winner of the Nobel Peace Prize, 2006, has
Entrepreneurship
transformed the lives of the deprived communities through social
entrepreneurship. His ‘Grameen Bank’ was founded to provide micro credits for
poor women in rural areas to launch their small business ventures. Indeed,
people involved in social entrepreneurship are those who have powerful ideas to
improve people’s lives and solve social problems on a large scale vis-à-vis cities,
countries, and in some cases across the world. For example, from its humble
beginning in Bangladesh in 1980s, currently, Grameen Foundation has intensified
its world-wide presence through its robust network across the world, especially,
in Asia, sub-Saharan Africa, and Latin America (40 countries).From the
perspective of poor women, microcredit intends to provide them a political,
economic, and social voice through, which they are able to raise their income
levels and confidence that enables them to send their children to school, and also
advance the well being of their family (Horn, 2013).
In this Unit, we shall discuss the concept of Social Entrepreneurship and
characteristics of social entrepreneurs. We shall also discuss the relevance of
social entrepreneurship in realising the United Nations Sustainable Development
Goals (SDGs).
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Social
According to Bornstein (2010) social entrepreneurship, as a phenomenon has Entrepreneurship
evolved due to several crucial changes at the global level. Firstly, the rapid
expansion of the global middle class and capital wealth resulted in funding social
ventures. Secondly, the increase in number of democratic and quasi-democratic
societies enabled the citizens to pursue their freedoms in rectifying the social and
ecological injustices. In fact, the growth of citizen activism bloomed outside the
public and private sector interventions. Thirdly, with the explosion of
Information and Communication Technologies (ICTs) there has been an
increased level of public awareness about the global problems and its impact on
the people and planet. Fourthly, increased accessibility to formal education and
higher education opportunities have eventually enhanced wealth and awareness
levels among the people. Finally, the establishment of rule of law and provision
for wider participation of women and deprived communities with similar needs
and goals in decisions affecting their lives have enhanced social
entrepreneurship, as a global movement. Bornstein (2007) opines that more
people in the contemporary times “have the freedom, time, wealth, health,
exposure, social mobility, and confidence to address social problems in new
bolder ways.”
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Social Indeed, for the purpose of alleviating the social problems, the Policy seeks to
Entrepreneurship
promote social entrepreneurship and grassroots innovations. Through social
entrepreneurship the Policy entails the poor to access investors, banks etc. thus
enabling the deprived communities to be active participants rather than passive
recipients. To foster social entrepreneurship at a large scale and to encourage the
growing entrepreneurial aspirations of the citizens, the Policy intends to create a
vibrant ecosystem. Some of them involves:
To encourage universities and academic institutions to launch a course on
Social Entrepreneurship (including distance education) so as to promote more
vibrant spaces for aspiring youths and citizens;
To promote social venture fund so as to facilitate budding social
entrepreneurs to access credit;
To create social business incubators across the country.
In this regard, social entrepreneurship as a development process can generate a
positive impact on society, especially, to the socially and economically deprived
communities by providing varied solutions to socio-economic challenges. For
example, under the Deendayal Disabled Rehabilitation Scheme (DDRS), the
Department of Disability Affairs, Ministry of Social Justice and Empowerment
had provided grant-in-aids to the third sector for vocational training, sheltered
workshops, special schools for Persons with Disabilities (PwD), home-based
rehabilitation programmes etc.
From the discussion above you can understand that governments are open and
active to collaborate with non-state actors like social entrepreneurs.
13.8 CONCLUSION
Social entrepreneurship is a global phenomenon and social entrepreneurs are
spread across the world encountering the social problems being faced by the
poor. In this context, social entrepreneurship provides the needed key to unlock
the potentials of the poor. Social entrepreneurs are mainly dissatisfied with
change resistance and therefore keep identifying opportunities for social change.
Historically, the organisations working to solve social issues have been labelled
as ‘not for profit’ and ‘NGOs’, however, today they have been identified as ‘the
third sector’. Social entrepreneurship indeed has become an established
profession/vocation and as a mainstream process of development not just in
developed countries but increasingly in countries of Asia, Africa, and Latin
America. In fact, the rise of social entrepreneurialism has brought a fundamental
change in the governance dynamics wherein informed and enterprising citizens
(representing the third sector) collaborate with government to deliver public
services.