Abstract This paper provides an analysis of exploratory studies on the concepts of entrepreneurship and intrapreneurship, throwing light on the resemblances and distinction between them. Entrepreneurship continues to prosper in almost all areas of the world. Entrepreneurs are rebuilding the business environment, making a world in which their companies play an important role in the verve of the international economy. However there is not always necessary to build up an organization in the order to put into practice new thoughts and beliefs. The immense prospective lies in applying business principles within the already functioning organizations.
scarce resources to empower all segments of the population, often through collective bargaining power. SE are not exclusively motivated by financial interests; rather, they are driven by the objective to provide goods or services to the community, particularly minority populations (i.e., a social purpose). This process further enhances the generation of collective externalities which may be leveraged for communal wellbeing. The founder of the Ashoka Fellowship, William Drayton (Leviner N. et al, 2012), first coined the phrase “social entrepreneurship” being a process in which an entrepreneur conceives and explicitly seeks new solutions to entrenched social issues. SEs are multi-stakeholder enterprises which combine the ownership interests
It is a step by step process that the book thoroughly explains, everything from if social entrepreneurship is calling for you to planning, strategizing, organizing, and implementing to creating one’s own brand to how to manage a social business to the mistakes one social entrepreneur should avoid when starting a social business. In chapter three, the book talks about what motivates social entrepreneurs and there are six kinds: altruism, community engagement, generosity, compassion/sympathy, leisure, and volunteerism. Altruism is the unselfish pursuit of the well-being and interests of others. There are also two kinds of altruism: pure and relative altruism. Pure altruism is the perfect form of
They provide several opportunities for various non-profits with income-generating activities to help enhance and sustain their products or services. Furthermore, for several rural small businesses and entrepreneurs with a social mission, a social enterprise model provides enabling environment. The Social Entrepreneurial approach enables them to run a viable business as well as to fill the gaps in rural social and environmental services. In distressed economies, businesses with a social enterprise model could explore and grow market opportunities that may not exist if otherwise. Social Enterprises provide various benefits to businesses aiming to face social and environmental challenges.
Greg Dees – father of social entrepreneurship education Entrepreneurs improve the productive capacity of society and provide the creative destruction that propels economic change, social entrepreneurs do the same for social change, create public value, pursue new opportunities, innovate and adapt, act boldly, leverage resources they don’t control and exhibit a strong sense of accountability Social entrepreneurs have always existed, visionaries, humanitarians, philanthropists, saints, attention was paid to their courage, compassion and vision not to the practical aspects of their accomplishments The effect of emergence of business entrepreneurship • Per capita income increases • Created new wealth, new comforts, new patterns of living, and many new problems – abusive labor practices, environmental disasters, and exploitative pursuit of cheap minerals and energy sources Intimate relationship of the 2 forms of entrepreneurship is evident • In response to problems created by the successes of business • Financed by the philanthropy of industrialists and the pooled wages of their workers o When did it emerge as a global movement Social norms have evolved and changes was more dramatic, explosion of citizen activity - the establishment of millions of new social purpose
The role of higher education in entrepreneurship development Entrepreneurship, one of the concepts that has been used in social disciplines for a long time, is one of the most researched topics in the literature. Entrepreneurship is a multidimensional phenomenon and an important element of economic development; in this respect, the issue of developing the entrepreneurship more effectively emerges. The most commonly debated question in the research on entrepreneurship is probably why some individuals are entrepreneurs while the others are not. Numerous studies on business creation suggest that individual differences are the basic reason underlying the question why some individuals actively go for establishing their own businesses while the
Humans are entrepreneurial by nature and had always desired to improve our material well-being, which drives us to in¬novate through new business implementations. Public policies such as laws can have a significant impact on the in¬centives for entrepreneurial activity despite the pervasive tendency toward entrepreneurship and economists often call these incentives the “rules of the game” and en¬trepreneurs must calculate the risks against the potential expenditure when making the decision to take on a new business. Entrepreneurs change the face of business while so¬cial entrepreneurs act as the change agents for the soci¬ety, seizing opportunities others miss and improving systems, inventing new approaches, and creating solu-tions to change
(Bessant and Tidd, 2007) discuss in book Innovation and entrepreneurship talk about how Entrepreneurship and innovation can’t be assumed to be all about a bright idea. Entrepreneurship is usually assumed to be about raising resources and developing a business plan to an already existing ides or concept. However, the tougher part is indeed the identification, assessment and refining the newly born concept/idea into something more concrete. By doing an early procedural planning, most of the weaknesses which would lead into problems in the later stage can be encountered in advance by the
Social Entrepreneurship: Social entrepreneurship can be interpreted as measure to apply practical, innovative and sustainable approaches to benefit the society as a whole. The measure would give adequate importance to the down trodden and sections of the society that are marginalized. It can be looked at as an approach to solve economic and social problems which cuts across sectors and disciplines. This approach that a social entrepreneur takes, emerge to be distinct and this sets himself apart from the crowd of other entrepreneurs. Such entrepreneurs possess an innate capability to strongly pursue an identified opportunity and turn it into a favourable outcome for the society.
ORIGINS AND EVOLUTION OF THE CONCEPTS OF THE ENTREPRENEUR AND ENTREPRENEURSHIP It is commonplace to find the terms of entrepreneurship and small business used interchangeably in the literature, however, Thurik and Wennekers (2004), Longenecker, Moore and Petty (2003) and Burns (2001) suggest the two terms are related but not synonymous. Most texts on entrepreneurship start by defining, or at least attempt to define entrepreneurship. However, by screening the multitude of definitions, one realises that there is no generally accepted or agreed upon definition for the term entrepreneurship, despite all the interest shown in this discipline (Kirby, 2003; Hisrich and Peters, 2002; Gray, 2002; Bygrave and Hofer, 1991; Chell, Haworth and Brealey, 1991;). Kuratko and Hodgetts (1995: 7) caution readers by noting that “the study of entrepreneurship is still emerging” and as such the debate must be encouraged and thus the fact that there is no one correct and accepted definition will further encourage debate. Kuratko and Hodgetts (1995: 16) contend that entrepreneurship is an “interdisciplinary concept” and this is evidenced in the multitude of definitions.