Thank you Sandra for this well written article. We’re looking forward to reading your next articles – Yopi
Overview
The Social Entrepreneurship series is a series of three articles, this one being the first. The following article gives an overview of the field: what is social entrepreneurship and how is it different from business entrepreneurship? The second article, “Meet the Social Entrepreneurs of our Times,” takes us on a world tour of the prominent figures of this discipline, covering their achievements, struggles, and the advice they have for young professionals like us, who are interested in following the same path. The third and last article is a compilation of resources (books, articles, and websites), helpful for getting more information.
Article 1: Social Entrepreneurship Defined
“Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.” (Bill Drayton, CEO, Chair and founder of Ashoka).
Social entrepreneurship can be defined as a discipline that combines the ‘good old’ entrepreneurship, with innovation in terms of social change. Can the two be combined? Well… some years ago, it was practically unthinkable. Not many people could see how entrepreneurs (those business oriented people only concerned with making profits) could even think about social change, especially if it was not in the best interest of their business. Schumpeter described entrepreneurs as “creative-destructive” people who are ready to exploit any “untried technological possibility for producing a new commodity.” Although this definition might sound pretty ‘uncaring for society,’ it is important to note that in Schumpeter’s mind, entrepreneurs are change agents. By trying new things, and/or innovating and improving existing systems, they have the ability to move the economy forward.
This is the starting point of social entrepreneurship. A group of people thought that entrepreneurs can also start new, nonprofit-seeking ventures, which will have the capacity of potentially solving what we have identified as ‘social problems.’ Social entrepreneurs are people who have implemented creative ways of dealing with and/or solving social issues (innovative education methods, poverty reduction strategies, and health care improvement are good examples). Historical figures of the movement (Jane Addams, Maria Montessori and Muhammad Yunus for instance), who we will meet in the second article of the series, show that although the phenomenon has become better known and the appellation “social entrepreneurs” might be relatively new, it has existed for many years. Dees notes that social entrepreneurs play the role of change agents in the social sector by adopting a mission to create and sustain social value, and engaging in processes of continuous innovation, adaptation, and learning in order to create the desired outcomes. Social entrepreneurs are said to be ambitious, mission driven, strategic, resourceful, and result oriented. In addition, they “identify resources where people see problems. […] They begin with the assumption of competence and unleash resources in the communities they’re serving.” (David Bornstein) Social entrepreneurs have the ability to move society forward, as we will see by meeting some of them next time.