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Understanding the Often Surprising Scope of Social Entrepreneurship

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Understanding the Often Surprising Scope of Social Entrepreneurship
Shared by: Lewis Culbreath
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1/5/2012
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Business - Investing: Small Biz / Entrepreneurship - Click Link Now

http://www.pcnplus.com/Stores/index.php?cat=b2b.entrepreneur



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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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Business - Investing: Small Biz / Entrepreneurship - Click Link Now

http://www.pcnplus.com/Stores/index.php?cat=b2b.entrepreneur



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