- What is the primary driver of the social entrepreneur?
The social entrepreneur is mainly drove by the aim of making the world a better place, providing services or solutions that will help to reach their purpose.
- Should green or cleantech ventures be classified as social enterprises? If so, why?
I believe that Green or Cleantech ventures should be classified as social enterprises due to their aim to make the world environmentally cleaner at the same time taking advantage of it and making profits.
- What are some of the negatives of forming the social venture as a nonprofit?
About the negatives aspects of forming the social venture as a nonprofit, I would like to highlight the difficulties at the time of setting up the venture, such as time consuming, expensive costs, legal aspects and taxes.
- Why do stakeholders view the social venture differently from a traditional venture?
In my opinion this has to do with the point that social venture, gives the venture an added value since the main purpose it is not just making money but at the same time changing any issue to make the world better. This makes the stakeholder have another point of view for this kind of business that are socially involved with the environment.
- What are some of the growth challenges of a social venture?
I think probably one of the important challenges is the employees, because they are the base of the venture, and there is no doubt that to reach the social purposes of the venture, you need employees aligned with the idea and with a strong commitment to make it work.
Another challenge I can find is at the time of fund raising, where you need to convince investor not only that your business plan works but also about your social idea, how is it going to make the world better or how is it going to convincethe rest of the people.
- Differences between Social Entrepreneurship and CSR & Philonthropy
The first difference I can find is that CSR doesn’t need to be innovative as we learned a couple weeks ago that is one of the aspects of Entrepreneurship. The second one would be their respective purposes. In social entrepreneurship, the social mission has primacy and profits are means to reach this mission. it should, thus, be at least partly reinvested in the project rather than mainly appropriated by the shareholders. In corporations, however responsible, profit maximization remains the ultimate goal and is directed towards shareholder value appropriation.
I think your answer to the last question is the best so far! (This is tricky and funny, because you actually did not answer the real last question: difference b/t SE and BE.) But I think you pointed out the key parts: the entrepreneurship core — innovation and the social mission priority in SE. Impressed that you applied the innovation criteria here! And your understanding for the concept of SE is what I asked for the take away! Good job!