What is the primary driver of the social entrepreneur?
The primary driver for a social entrepreneur is addressing social issues and providing what he believes is a solution.
Should green or cleantech ventures be classified as social enterprises? If so, why?
Yes. Because they are concerned about the environment. And even though their aim might be to make profit, they are still considered a social venture.
What are some of the negatives of forming the social venture as a nonprofit?
- Expensive
- Time consuming
- Too many legal requirements
- Cannot keep information “private”
Why do stakeholders view the social venture differently from a traditional venture?
Because they tend to always associate social ventures to non-profit not knowing for example that a social venture even though it focuses on societal change, can also be a money making venture.
What are some of the growth challenges of a social venture?
- Not being able to find the funding/convince the investors in order to grow
- Transparency expectations
- Venture goals/ideas not aligned with those of the employees
The differences between Social Entrepreneurship, Corporate Social Responsibility, and Philanthropy
Philanthropy one of the many tools the company can use as part of it’s CSR agenda. Furthermore, philanthropy can be occasional. A company doing a donation to an organization and that’s it. Where CSR tends to focus on the long run.
Social entrepreneurship is completely building the “change” factor into the company’s business model whereas a company CSR is something a company decides to undertake or not.
The differences between Social Entrepreneurship and Business Entrepreneurs
The main difference is the reward. A business entrepreneur tend to see the reward in terms of money (profits) whereas the social entrepreneur focuses on his impact on the community. But probably because there are different factors that influence them. A business entrepreneur might get pressure from the partners/investors/banks whereas someone who puts his money in a social venture would tend to have different motivations than making profit.