What is a social entrepreneur?

Published: 23 December 2014 | by schwabfound.org
What is a social entrepreneur?
Social entrepreneurs drive social innovation and transformation in various fields including education, health, environment and enterprise development.

They pursue poverty alleviation goals with entrepreneurial zeal, business methods and the courage to innovate and overcome traditional practices.

A social entrepreneur, similar to a business entrepreneur, builds strong and sustainable organisations, which are either set up as not-for-profits or companies.

A social entrepreneur is a leader or pragmatic visionary who:

Achieves large scale, systemic and sustainable social change through a new invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these.
    
Focuses first and foremost on the social and/or ecological value creation and tries to optimise the financial value creation.
   
Innovates by finding a new product, a new service, or a new approach to a social problem.
   
Continuously refines and adapts approach in response to feedback.
   
Combines the characteristics represented by Richard Branson and Mother Teresa.

Social entrepreneurs share some come common traits including:

An unwavering belief in the innate capacity of all people to contribute meaningfully to economic and social development
   
A driving passion to make that happen.
   
A practical but innovative stance to a social problem, often using market principles and forces, coupled with dogged determination, that allows them to break away from constraints imposed by ideology or field of discipline, and pushes them to take risks that others wouldn't dare.
   
A zeal to measure and monitor their impact. Entrepreneurs have high standards, particularly in relation to their own organisation’s efforts and in response to the communities with which they engage.

Data, both quantitative and qualitative, are their key tools, guiding continuous feedback and improvement.

A healthy impatience. Social Entrepreneurs cannot sit back and wait for change to happen – they are the change drivers.

What is Social Entrepreneurship?

Social entrepreneurship is

About applying practical, innovative and sustainable approaches to benefit society in general, with an emphasis on those who are marginalised and poor.
   
A term that captures a unique approach to economic and social problems, an approach that cuts across sectors and disciplines grounded in certain values and processes that are common to each social entrepreneur, independent of whether his/ her area of focus has been education, health, welfare reform, human rights, workers' rights, environment, economic development, agriculture, etc., or whether the organisations they set up are non-profit or for-profit entities.
   

It is this approach that sets the social entrepreneur apart from the rest of the crowd of well-meaning people and organisations who dedicate their lives to social improvement.
- schwabfound.org

You Might Also Like...

Leave a Comment

Most Recent Posts

Rat Boy perform in Cardiff as part of UK Tour
Rat Boy thrilled the Cardiff crowd at the TramShed on the 5th of F...
Highlights from the Printwear & Promotion LIVE! 2018
The UK's only dedicated event for the garment decoration indus...
Printwear & Promotion LIVE! 2018 returns to NEC, Birmingham
Printwear & Promotion LIVE! 2018 returns a month earlier than it...
London Fashion Week Festival 22-25 February 2018
Staged in London Fashion Week venue: The Store Studios, 180 Str...
Fashions Finest AW/18 back on 17-18 February 2018
Fashions Finest, a platform for UK and international emerging desi...
Pure London, 11-13 February 2017, Olympia London
Pure London, set for 11-13 February 2017, offers the best place to ...
Swahili Fashion Week 2017 highlights
Swahili Fashion Week is the biggest and largest annual fashion event...
Call for Story Friday submission for 'Home' theme, deadline 26th Febru
We had a great time at a very scary Story Friday Haunting recently, ...
Another Third World Hussle releases video for 'Get Money'
Another Third World Hussle (ATWH) is pleased to announce the release ...
Ragnar Kjartansson returns to Wales with a new performance
Icelandic artist Ragnar Kjartansson will return to Wales to present a...
Throwback Thursdays: Hellavagirl at Fashions Finest 2016
Re-live past events during our Throwback Thursdays series where we sho...
Fashioned from Nature Exhibition to open at the Victoria and Albert Mu
The first UK exhibition to explore the complex relationship between ...
Throwback Thursdays: Gia Viviana Dimicova at Fashions Finest 2016
Re-live past events during our Throwback Thursdays series where we s...
Kalibe, with its unique sound, breaks the mould in world music
Globalisation has meant that the world is getting smaller and we a...
Throwback Thursdays: Biblos Glasgow
Re-live past events during our Throwback Thursdays series where we sho...
Spend an evening with Ruth-Ellen and Friends
October's edition of #REAF will feature live performances and an inte...
Throwback Thursdays: Pure London January 2017
Re-live past events during our Throwback Thursdays series where we sho...
Dru Hill featuring Sisqo, 112 and Ginuwine embark on UK Tour
Dru Hill, the American R&B quartet led by Sisqo, are heading to...
Akon announces 2017 UK tour dates
Rapper will be joined by the Konvict Kartel for seven shows acr...
Founder of The fashion Webb gives tips on creating engaging online con
Mitchell Webb is the founder of The Fashion Webb fashion & life...
Pure London kicks off with 'oriental futures' themed catwalk
Pure London kicked off with a catwalk show featuring the 'oriental f...
Once Upon a Time in Shaolin: The untold story coming soon
Valerie Brandes and Laure Deprez of Jacaranda Books have acquired O...
Watch exclusive behind the scenes on Wax Print Film
Fashion designer Aiwan Obinyan has released some exclusive behind th...
The British Style Collective kicked off its 3 day event in Liverpool o
After more than 30 years based at the National Exhibition Centre in B...
eNaledge releases new single featuring Mercy
The Northern Hussle (TNH) and Another Third World Hussle (ATWH) fou...
Colour Clash set to return to Newport, July 15 2017
Colour Clash is set to return to Rodney Parade in Newport, Wales on ...
Marine Serre Wins the 2017 LVMH Prize
Marine Serre has been announced as the winner of the 2017 LVMH Prize....
Designers invited to showcase at the AFWL 2017
The largest annual African fashion event in Europe, Africa Fashion We...
Victoria Beckham supports husband David at the London Fashion Week Men
London Fashion Week Men's is celebrating its fifth year and features ...
London Fashion Week Men's celebrates its 5th anniversary
From 9th - 12th June, LFWM celebrates its 5th anniversary. For guest...