Basic Characteristics Of A Social Venture

What are the fundamental criteria which makes a social venture?

Before heading forward towards the fundamental criteria of social venture let us first define the term social venture: Social venture is a “process that catalyzes social change and/or addresses important social needs in a way that is not dominated by direct financial benefits for the entrepreneurs”. Organizations that practice social entrepreneurship are not simply aid organizations. They do not hand out financial aid or donate products to those in need. Rather, they are ventures that employ entrepreneurial techniques to develop innovative solutions to the host of social problems plaguing the global community.

So now let us focus on the question that has been put here i.e. what

In doing so the differences will help us to get a clear definition of a social venture. A business entrepreneur is one where the target is to make profit but in a social entrepreneur the target is set for the society, rather for societal cause. Several researchers have worked upon and have found that there are basically three reasons for a successful social venture. The three requirements are epitomized below:

1. The venture should achieve its declared goals.

2. The venture should ensure the survival and sustainability of the program by acquiring the resources necessary to maintain current operations.

3. The venture should have a number of resources available for its growth and development.

The first of these aspects relates to social ventures in terms of social impact. Social entrepreneurship focuses on promoting social value, and while the specifics of social value may vary with each example, this is the general goal in all cases. The second and third aspects are related to the ability of the venture to be implemented and survive, and to grow and expand, respectively. So a successful social entrepreneur must have:

1. Created a social impact.

2. Ensure implementation and survival (sustainability).

3. Have the capacity to grow, expand, and develop i.e. it must be

They face difficulties in improving productivity on farm activities and also face significant challenges post-harvest processes. Small farmers given the paucity to work in markets in a profitable and sustainable manner. Even many a times these farmers also face the problem of middle man where they are tortured and harassed. The Nava Jyoti Community Enterprise System is aproducer company formed by six hundred and fifty small scale farmers in Rayagada district. The company has helped in making these small farmers self -dependent and have also reduced the harassment of middle man. Thus we are getting a clear picture from the above mentioned company that it has created a social impact and apart from that it has also nurtured the farmers to be