Analysis Of Social Entrepreneurship

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Social entrepreneurship is increasingly attracting attention, talent, and money. However, what is social entrepreneurship really? In “Restless People,” Bornstein (2007) explains that social entrepreneurs are found all over the world and are unified in terms of their goals as social innovators with their powerful new ideas aiming to improve the lives of many across cities, countries, and the rest of the world. He emphasized the role of social entrepreneurs rests on how they act to motivate social change – transform society by addressing major problems – and impact society. The author further explains that social entrepreneurship is characterized as a special economic actor that transfers economic resources for higher productivity and greater…show more content…
If this was the case, valuable talent and energy would be at risk because the activities would fail to address their social mission. On the other hand, the answer lies in finding a resource strategy that is not only effective but also sustainable in the long run. Most social entrepreneurs conduct innovative programs, organizational structures, and resource strategies to improve the likelihood of attaining deeper, wider, lasting, and cost-effective impact on society. An example of this is how Habitat encourages their volunteers to use their time typically allocated for recreational activities to help build a house. Another example is how Teach for America encourages college graduates (even those without an education major background) to spend two years of their careers teaching in schools who are in urgent need for teachers (but lack the time and resources). Dees explains this resource-shifting function is crucial to progress in social entrepreneurship. He adds that leaders in the social sector should explore new financial strategies that will allow their organizations to be more efficient in service the social needs and leveraging social assets – combining business methods and social goals. As Dees puts it simply, “What makes them entrepreneurial is not the source of income, but their innovations and their impact.” He adds, “If social entrepreneurship is to be distinctive in any way, it must be because social objectives matter in how the venture is organized and managed. If
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