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The strengths and weaknesses of social entrepreneurship concept are completely based on the
way we want to see it, since its applications receive little contributions from almost all the following
sectors - public, private and non-profit. A hybrid commonly found in not for profit organizations that
have an entrepreneurial wing, which aims to generate revenue to meet its social objectives. A
hybrid model based on the for-profit private sector is seeing an emergence where businesses lend
expertise and money to non-profits. This second hybrid model can be attributed as a result of
public pressure, under which profit-making businesses display an act of social responsibility.
Strategic philanthropy has been recognized as the most desirable and realistic mode for any
business to demonstrate its social responsibility. This approach directs the business to lend in
areas that are directly linked, to the interests of the company. The fields of social entrepreneurship
could also include spheres where the company could claim a direct stake in, while having its
knowledge. The term is a clear indication of the financial returns promised by the philanthropic
investment. The fact that traditional philanthropy lacks in providing a tangible return lends less
rationality to it in making respectable business sense. The consideration of present day types of
philanthropy in a refined way reveals that visionary and highly propelling business leaders could
create new dimensions in community ventures by bringing the networks of organizations closer.
Similar to strategic philanthropy, social entrepreneurship is also a blend of two completely
opposite concepts that even if they do not fit well together, are accepted as common sense. The
fact that these concepts do not fit naturally that it is quite open to receive challenge and
opposition. The challenges range over different renderings of the joining of the terms, which could
also be in the form of denial of their use together. Language has played a crucial role in shifting
the rationale of the associated concept. This could be attributed to the fact that acceptance of
discourse precedes that of the material. Hence, there has been growth of terms that were earlier
limited to the scope of business sector, like 'social return on investment', 'social venture capital',
the use of the term 'invest' in place of 'donate', 'client group' and 'revenue streams' finding
application in the social sectors. There is no doubt that with the advent of business language into
the social sector, the existing barriers in social entrepreneurship will also start breaking down in
due course of time.
Social entrepreneurship is not a difficult concept to grasp. Once implemented, it can help change
the world. Please visit the Transformational Leadership Blog to learn more about how to make a
difference in our world.
Article Source:
http://EzineArticles.com/?expert=M_Rasing
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