CHAPTER 12 : SOCIAL ENTREPRENEURSHIP AND VIRTUOUS BUSINESS (Virtuous…
CHAPTER 12 : SOCIAL ENTREPRENEURSHIP AND VIRTUOUS BUSINESS
Measuring and Improving Social Impact
Social impact are the societal or environmental changes created by activities and investments.
Societal and environmental impacts include such issues
Creating and Measuring Social Impact
How do I get there?
How do I know that I am already there?
What do I seek to redress?
How do I amplify the impact?
What would I or others be interested to invest in?
BECOMING A SOCIAL ENTREPRENEUR
Trends for Social Entrepreneurs
Entrepreneurial skill development.
Interest in volunteerism.
Interest for social well-being.
Before Taking-Off - The Sources Power
The power of the 'bang for the buck'.
The power of mapping.
-The power of dreams.
The power of future trends.
The power of passion.
The power of mind.
The power of positive deviance.
Qualities of Successful Social Entrepreneurs
Nuture non-profit networks.
Advocate and serve.
Make markets work.
The power of augmentation.
The power of building a new programme.
The power of community building.
The power of the new professional identity.
Principles of Social Entrepreneurship
Use of sustainable methods.
The accomplishment of positive social impact.
Adaptive scalable Innovation.
The Concept of Social Entrepreneurship
Generally been viewed as 'the process by which citizens build or transform institutions to advance solutions to social problems in order to make life better for many.
Islam and Social Entrepreneurship
To ensure that the act doing business is in itself a form of ibadah, a muslim entrepreneur will need to harmonize both his material and spiritual demands in adherence to the Islamic principles.
Defining social entrepreneurship
The process to capitalize on the innovative use of varied resources as catalyst for social change and to address social defects.
Value is being created by stimulating social change or meeting social needs.
Social change happens or social needs are met through the offering new products or services or the creation of new organizations.
Combining resources in new ways to create value.
Importance of Social Entrepreneurship
Increasing entrepreneurial activities.
Meeting social needs.
Improving public services.
Encouraging ethical markets.
Acting responsibly in using God's bounties and abilities.
Benefit all those they deal with.
Produce what others find useful.
A spiritual act of doing business because it combines creativity, community concern and practical realism backed by virtues.
Characteristics of Virtuous Business
Take advantage of their innovative capacities
Develop competitive advantage and create wealth.
Create social divide.