1. Introduction to Social Entrepreneurship

2. Entrepreneurship is: Innate ability to sense and act on opportunity Combining out-of-the-box thinking Unique brand of determination To create or bring something new to the world. 3. Starting with Entrepreneurship Jean-Baptise Say French economist 19th c. Shifts economic resources out of an area of lower and into an area of higher productivity and greater yield. One who undertakes To encompass the concept of value creation. 4. Starting with Entrepreneurship Theorists universally associate Entrepreneurship = opportunity Entrepreneurs: Ability to see and seize new opportunities Commitment and drive to peruse them Willingness to bear the risks 5. Starting with Entrepreneurship Entrepreneurship An opportunity context A set of personal characteristics: Identify and pursue this opportunity The creation of a particular outcome 6. Entrepreneurial context Fred Smith the long distance courier service Sending a package across country weeks The system was logistically complex No one would take responsibility Slow, unreliable, unsatisfactory service 7. Entrepreneurial context Entrepreneur thinks creatively Develops new solutions that breaks with the existing one Doesnt try to optimize the current system with minor adjustments Instead finds a totally new way of approach 8. Entrepreneurial context Courage the process of innovation, the burden of risk and failure Smith acquired a fleet of jets and built a gigantic airport and sorting center in Memphis To provide next-day delivery without the package ever leaving FedExs possession His competitors had only fleets of trucks for local pickup and delivery 9. Entrepreneurial outcome Creates a new stable equilibrium Provides meaningful higher level of satisfaction for the participants in the system Raised standards New competitors A new verb to FedEx 10. Shift to social entrepreneurship Money Altruism MotivationEntrepreneurs Serve markets with a new product or service Underserved, neglected population Social entrepreneurs 11. Social Entrepreneurship Identifying a stable, but unjust equilibrium that causes the exclusion or marginalizationIdentifying an opportunity and developing a social value proposition Forging a new, stable equilibrium that alleviates the suffering of the target group and creation of a better eco-system 12. One World Health Victoria Hale- pharmaceutical scientist Institute One World Health Indian government approved the first drug Paromomycin cost effective cure for visceral leishmaniasis, a disease that kills more then 200,000 people each year. 13. Boundaries of Social EntrepreneurshipSocial service The impact is constrained, and the scope is determined by whatever resources they are able to attract.Social activism Influence of influence rather than on direct action. (ex: Martin Luther King, Mahatma Gandhi, Vackav Havel). 14. Social activists 15. Social activists 16. Social activists 17. Pure forms of social engagement DirectSocial Service ProvisionSocial EntrepreneurshipIndirect-Social ActivismExisting System Maintained and ImprovedNew Equilibrium Created and Sustained