Social Entrepreneurship

The Social enterprises are businesses that strive for social purposes. The social enterprises span the charity sector with its social motivation, the business approach of the private sector and the responsibility to deliver quality in public services. As a result of it, Social enterprise is a social innovation that wipes out the well-known boundaries between the private, public and not-for-profit sectors.

Roger Martin and Sally Osborne outline 4 stages to picture what social entrepreneurship is:

 

1.Understanding the world

The view from the inside the system frames and entrenches the status quo. Those who identify the imperative for change consequently tend to stand outside the system. Effective social entrepreneurs embrace this dynamic clash and find a way to navigate it.

 

2.Envisioning a new future

Set a direction to make a positive difference. Successful social entrepreneurs raise the bar high, conceiving fundamental equilibrium change for specific, targeted constituents.

 

3.Building a model for change

Social entrepreneurs must employ creativity and resourcefulness to building a model for change. Create a vision to be sustainable in reducing costs or increasing value in a systemic and permanent way that can be measured and seized.

 

4. Scaling the solution

Scalability is a crucial feature of successful social entrepreneurship. Patterns that require regular prototyping and costly investment need effective way to scale the impact.

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