Catalyzing Innovation and Social Change through Social Entrepreneurship
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Transcript of Catalyzing Innovation and Social Change through Social Entrepreneurship
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Catalyzing Innovation & Social Value through
Social Entrepreneurship
E.M. Erasmus, MA
University of Aruba
Tuesday, September 16th 2014
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THE RISE OF SOCIAL ENTREPRENEURSHIP…
• Not a new concept…
• A response to failures of governments and corporations to tackle social challenges
• Accelerated pace: globalization and high interconnectivity
• Pragmatic and real-time solutions
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WHY SOCIAL ENTREPRENEURSHIP IN CURRICULUM?
• Government is unable to solve all social problems.
• Scarcity of public funds (subsidies).
• Address root causes of social challenges at a systemic scale in an innovative manner.
• Challenging the status quo and stimulating stakeholders to follow suit.
• Contribution to a sustainable Aruba.
• Future alternative career/job.
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INSPIRING INDIVIDUALS AND COMMUNITIES
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SOCIAL ENTRENEURSHIP:
+ = Social
Entrepreneur
Social Entrepreneur Social
Entrepreneur
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SOCIAL ENTERPRISE:
An organization that applies business (commercial) strategies to promote development and maximize improvements in human and environmental well-being, rather than maximizing profits for company shareholders.
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• Charity
• Advocacy
• Corporate Social Responsibility
WHAT IS NOT SOCIAL ENTERPRENEURSHIP
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COMMON CHARACTERISTICS:
Social Enterprises: • Operate as commercially run businesses. • Create social value and/or mitigate social problems. • Aim to make profits. • Generate income through sales of goods or services. • Use good business practices and principles. • Use the majority of their profits to further social or
environmental goals.
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THE SOCIAL ENTERPRISE PIONEERS
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THE PIONEERS
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THE PIONEERS
Microfinance, rural education, social development
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PROVEN SUCCESS
• Both the Grameen Bank and BRAC demonstrated that is was possible to mitigate poverty on a massive scale.
• Growing solutions in a bottom-up fashion. • Social innovation and trial and error.
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OTHER WELL-KNOWN EXAMPLES
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OTHER WELL-KNOWN EXAMPLES
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OTHER WELL-KNOWN EXAMPLES
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SOCIAL ENTREPRENEURSHIP IN ARUBA
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D’abaru Kelkboom
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WHERE ARE THE OPPORTUNITIES?
• Environmental
• Housing
• Health and care
• Information services
• Public services
• Financial services
• Training and business development
• Manufacturing
• Food and agriculture
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SOCIAL ENTERPRISE MODELS…
• Revolutionizing approaches to business conceptualization
• Creative organizational structures
• Integrated use of technology
• Bottom-up approach
• Sparking off innovation and change
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NOT JUST THE RIGHT THING…
• Investment in social enterprise is rising around the world
• Biggest economic opportunities are around solving societal needs
• Big benefits for countries that pursue it
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GETTING STARTED….
• Social entrepreneurship is not for everyone…
• Driving force: PASSION for a cause
• Articulating the problem and the solution
• Use available resources
• Find synergy
• Financially sustainable business model
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