10/28/15
The primary drivers of social entrepreneurs are issues that deal with the well being of the planet. These issues include social warming, pollution, etc. Another good description of a social entrepreneur is a person that innovates solutions to society’s most pressing social problems. In my opinion green ventures should be classified as social entrepreneurs because the pollution and disintegration of our planet is a very big social problem, which needs attention. Nevertheless, I feel many businesses that deal with the care of people can also be classified as social entrepreneurships. In the case of my Daycares, I am serving my community by helping the young generation be model citizens. It is also better for the children to be entertained by using educational materials and games instead of being out in a bad neighborhood and getting into trouble by roaming the streets. A social venture can be formed as a non-profit. Some negatives for choosing a nonprofit is the limited resources you will have. By not having a market driven business there will be no income circulating only the donations. If you do not have profit it is very hard to earn income to help society. Stakeholders view social ventures differently from a traditional venture. This is because there are more emotions involved then merely ambition for making money. People have to believe in your vision for your social venture to work. Stakeholders also more carefully scrutinize a social venture because they want to know in detail how their money is being used. Some of the growth challenges of a social venture include the opinions and emotions employees have towards the social venture and its mission. Since employees tend to be emotionally invested in the venture they will have problems staying in the company if the mission has shifted or if they feel the venture should have taken different decisions.
CSR means corporate social responsibility. It is a management concept which companies integrate social and environmental concerns into their business. In a CSR business they make decisions that help benefit society. This type of business cares for the people, planet and also making profit. Philanthropy can be defined as a charity. It is the concept of giving donations of money to good causes that promote the welfare of others and the planet. Nevertheless, it is not limited to donating money; it is also an idea, event or action which helps society. Social entrepreneurship uses business techniques to find solutions to social problems. This is different to a regular business because it focuses on making a positive change in today’s society and the environment.
