Social Entrepreneurship & Entrepreneurial Ethics. Blog #3

What is social entrepreneur? Society’s change agents: creators of innovations that disrupt the status quo and transform our world for the better.

 SOCIAL ENTREPRENEURS ARE:

•Ambitious: Social entrepreneurs tackle major social issues, from increasing the college enrollment rate of low-income students to fighting poverty. They operate in all kinds of organizations: innovative nonprofits, social-purpose ventures, and hybrid organizations that mix elements of nonprofit and for-profit organizations.

•Mission driven: Generating social value —not wealth—is the central criterion of a successful social entrepreneur. While wealth creation may be part of the process, it is not an end in itself. Promoting systemic social change is the real objective.

•Strategic: Like business entrepreneurs, social entrepreneurs see and act upon what others miss: opportunities to improve systems, create solutions and invent new approaches that create social value. And like the best business entrepreneurs, social entrepreneurs are intensely focused and hard-driving in their pursuit of a social vision.

•Resourceful: Because social entrepreneurs operate within a social context rather than the business world, they have limited access to capital and traditional market support systems. As a result, social entrepreneurs must be skilled at mobilizing human, financial and political resources.

•Results oriented: Social entrepreneurs are driven to produce measurable returns. These results transform existing realities, open up new pathways for the marginalized and disadvantaged, and unlock society’s potential to effect social change.

 - Ethic issues are of great important in every business. Ethics provide the basic rules for conducting any activity in an acceptable manner.

- When the desire to increase your bottom line, conflict with your product or service, how do you resolve the conflict? One way to resolve the conflict is by having social values.

How are social values created in business?

- Thinking through the impact of your decisions.

- Once you have defined what your values are in your mission statement, use it to keep you focus and to make decisions.

- Always remember, you are creating a brand for your company/business.



http://skollworldforum.org/about/what-is-social-entrepreneurship/
http://www.youtube.com/watch?feature=player_embedded&v=SkCUalVWiW0#!