1 Session 3: Social Enterprise and SocialEntrepreneurshipICTM Module Delivery Team 1 ICON College of Technology and ManagementSocial Action Project Week 1 Activities PlannerWk1StepsDescriptionExample Activity TypesTool that will support this activity1Introduction(Informinglearners oftheobjective)DefinitionsObjectives: Students will be able to define social actions: To recognisethe different theories of social actions; To explain the importance ofcollective responsibility in social actions; … Continue reading “Social Enterprise and Social Entrepreneurship | My Assignment Tutor”
1 Session 3: Social Enterprise and SocialEntrepreneurshipICTM Module Delivery Team 1 ICON College of Technology and ManagementSocial Action Project Week 1 Activities PlannerWk1StepsDescriptionExample Activity TypesTool that will support this activity1Introduction(Informinglearners oftheobjective)DefinitionsObjectives: Students will be able to define social actions: To recognisethe different theories of social actions; To explain the importance ofcollective responsibility in social actions; To identify and evaluate thecharacteristics of social actions; To understand the societal challengesof the Fourth Industrial RevolutionStudents discuss a case studyin the ForumICON VLE: Instructions on the activity arewritten in the Forum2LecturesanddeliverymethodSession 1 Definitions of key concepts of Social Action: Theories of socialactions, Social institutions and social groups, The Fourth IndustrialRevolution and a range of societal challenges, Systems thinking forsocial change: Instructor-led with Q&A for students engagementPresentation, video on What isthe Fourth IndustrialRevolution? What is the FourthIndustrial Revolution? – BingvideoKaltura – My Media url to video.Lecture material on ICON VLE3ActivityIn Breakout Rooms: Students identify and discuss social institutions andsocial groups in East London: 1) Describe the functions of these socialinstitutions and social groups, Discuss different ways of encouragingpeople to be involved in social action by highlighting the benefits to thecommunity. Group reports; Concluding remarks by the lecturerGroup reports of the discusssocial institutions and socialgroups in East LondonBreakout Rooms in Kaltura4ReflectionandFeedbackGroups summarise the discussion of social institutions and social groupsin East LondonFeedback; Students keep arecord of the discussion ofsocial institutions and socialgroups in East LondonICON VLE and Kaltura5Consolidation andIntegrationStudents share their summaries of the discussion of social institutionsand social groups in East London. These summaries are uploaded ontothe ICON VLEStudents are divided intogroups in Breakout rooms todiscuss social institutions andsocial groups in East LondonKaltura and ICON VLE ICTM Module Delivery Team 21 223-3At the end of the session student will be able to: Understand the different types of social entrepreneurship Recognise the importance of social entrepreneurship Describe the growing importance of social entrepreneurshipICTM Module Delivery Team3-4Functions of Social Entrepreneurship To create and maintain a stable level of employment Create jobs and provide support to socially vulnerable groups To promote development of entrepreneurial skills To create social innovation and change in various areas, includingeducation, health, environment and business development To draw upon business techniques to find solutions to socialproblems. To use a set of entrepreneurial behaviours to deliver a social valueto less privileged.ICTM Module Delivery Team3 433-5Characteristics of Social Entrepreneur The usual ideologies and principles do not holdback socialentrepreneurs – they are always looking at breaking them They are impatient – they do not go well with the bureaucracyaround them They have the patience, energy and enthusiasm to teach others They combine innovation, resources and opportunity to derivesolutions to social problems They do not loose their focus anytime The always jump in before having their resources in place – they arenot traditional They always believe that every one can perform and have thecapacity to do so They always display determination They can always measure and monitor their resultsICTM Module Delivery Team3-6Social Entrepreneurship Refers to the identification, evolution, and exploitation of opportunitythat result in social value It may generate profit, but that is not the primary reason for startingthe venture Most social entrepreneurs have a particular focus on marginalisedand exploited populations, including the poor, the sick, thevulnerable and the defenceless Rather than simply sitting back and watching social injustices andlarge-scale tragedies unfold, social entrepreneurs translate theirfeelings of grief, sympathy, and despair into action There’s a combined sense of innovation and social responsibilitybehind each endeavour in this categoryICTM Module Delivery Team5 643-7Community Project A community project – a small-scale effort to address an issuewithin a specific community Social, environmental and economic issues are the primary focus ofmost community projects Examples: build a community garden; organisation of a volunteerfire department in a poverty-stricken rural area Community projects are one of the best examples of the idea thatanyone can be a social entrepreneur. You do not need a business degree, power or connections to affectchange where you live – but the entrepreneurial initiative, creativity,tenacity, and commitment to see a project through to completion.ICTM Module Delivery Team3-8Non-profit Organisation Exact structure of a non-profit organisation is likely to differ basedon legal jurisdiction Non-profit organisations do not exist to generate revenue forshareholders and stakeholders but to create an enterprise focusedon a specific cause, e.g., the treatment of a rare disease, earlychildhood education, women’s health, and cancer research One common misconception is that non-profit organisations funnelall the donations they receive into their mission Executive leadership for large non-profits can often be quite wellcompensated; their income generally is not nearly as high as that ofthe leader of a comparably sized organisation in the private sector Non-profits organisations spend money on operationalexpenses like salaries, marketing, and offices Any extra revenue is put back into the organisation’s endowment orreinvested in other ways rather than paid out to shareholders.ICTM Module Delivery Team7 853-9Co-operative (Co-op) Formed by people who come together to address a specific need These member-owned and operated enterprises usually focus on basicneeds like housing or groceries According to the International Co-operative Alliance, co-ops are“autonomous association(s) of persons united voluntarily to meet theircommon economic, social needs and cultural needs and aspirationsthrough a jointly owned and democratically controlled enterprise” Co-ops have their own special legal specifications and requirements,and they can operate on either a non-profit or for-profit basis Non-members cannot participate in the co-op, but a quick applicationprocess is usually all that is required to join Members may be required to pay a membership fee tocover operational expenses and they may also be required to performcertain duties to keep the co-op up and runningICTM Module Delivery Team3-10Social Enterprise Businesses that operate according to a specific social or charitablemission Often backed by a non-profit organisation and may exist to further thatorganisation’s goal and opportunity Example: a charity that focuses on the health and well-being of seniorcitizens may start a weekly craft fair that allows seniors to sell carpentryprojects, embroidery or baked goods as a way of generating someincomeSocial enterprises: Focus on providing a job skills training opportunity programme formarginalised or vulnerable people May use proceeds from the business to pay salaries to populationssupported by the non-profit organisation or to fund the non-profit’sefforts as a means of supplementing income through donations Can also address inequality or injustice, e.g., working for communitieswho have been displaced from their ancestral lands by colonialgovernmentsICTM Module Delivery Team91063-11Social Purpose Business These are businesses founded to both generate profit affect some sortof change for the good of the general public or a specific group ofpeople in need of assistance Organisation strives to strike an ideal balance between for-profitorganisations and non-profit programmes Social entrepreneurs who follow this route believe that the pursuit offinancial gain does not have to be at odds with ethical, consciencefocused action These kinds of businesses tend to attract impact investors – whichoperates much like any traditional business investment or venturecapital effort, only with the added concern of generating social good(Venture capital is private equity given by wealthy investors to start abusiness) An impact investor will want to ensure that their investment goes towarda business model that is not only likely to succeed but also likely tosucceed in its mission of affecting positive changeICTM Module Delivery Team3-12Social Purpose Business Today, entrepreneurs can work to improve social issues and challengereal world problems through their businesses A new business model has emerged which meshes with governmentand social organizations Non-profits and businesses have teamed up to form a hybrid businessmodel, led a by a new generation of social entrepreneurs. These leaders can successfully tackle social issues while generatingprofit for shareholders at the same time Widespread usage of ethical practices such as impact investing,conscious consumerism and corporate social responsibility programsfacilitated the success of social entrepreneurs Some social entrepreneurs use their know-how and business savvy tomake the world a better place – they combine traditional businessmodels with an important social mission in ways that can help to makesignificant changes in places around the world for decades Social entrepreneurs can truly be socially and environmentallyconsciousICTM Module Delivery Team111273-13Example of Successful Social EntrepreneurMuhammad Yunus In the world of social entrepreneurs, you can never skip the nameMuhammad Yunis. He has quite literally written the book on socialentrepreneurship, sharing his expertise in micro-finance and socialcapitalism through some books He is the founder of Grameen Bank, an institution that providesmicrocredit loans to those in need to help them develop financial selfsufficiency. It was founded in 1983 and the bank has brought in a netincome of more than $10 million. Notably, his work with the organizationlanded him a Nobel Prize in 2006ICTM Module Delivery Team3-14Example of Successful Social EntrepreneurBill Drayton Bill Drayton isn’t just a great example of a social entrepreneur. He wasthe one who helped define and promote the term ‘social entrepreneur’itself. He is the founder and current chair man of Ashoka: Innovators forthe public. It is an organization that dedicates itself to find and helpsocial entrepreneurs around the world. He spread out his social entrepreneurship expertise in otherorganizations as well. He works as a chairman at Community Greens,Youth Venture and Get America Working! In addition to that, TheAshoka Foundation has sponsored over 2,100 fellows in 73 differentcountries. Some of these companies have gone on to develop leadingsocial businesses that have made a huge impact on communitiesaround the worldICTM Module Delivery Team131483-1550 Social Entrepreneurs Changing the World50 Social Entrepreneurs Changing the World in Business (2021)(growensemble.com)Before reading the 50 Social Entrepreneurs changing the world, searchfor a successful entrepreneur and describe the characetristics that madethe person successfulWhat lessons can we learn from the individualICTM Module Delivery Team3-16Class ActivityBefore reading the 50 Social Entrepreneurs changing the worlda) search for a successful entrepreneur and describe the characteristicsthat made the person successfulb) What lessons can we learn from the individual?ICTM Module Delivery Team151693-17Social Entrepreneurship: Case Study in Unilever Food Solutions’ TrustedHands Food Safety Online Training ProgramBy Pınar BaşarSubmitted: April 6th 2017 Reviewed: September 12th 2017Published: December 20th 2017DOI: 10.5772/intechopen.70955Social Entrepreneurship: Case Study in Unilever Food Solutions’Trusted Hands Food Safety Online Training Program | IntechOpenICTM Module Delivery Team3-18 Many faces of social entrepreneurship Social entrepreneurship as organisational behaviour Social enterprise and the main components of the social economy Importance of advancing the social economyICTM Module Delivery Team1718103-19 Many faces of social entrepreneurship Social entrepreneurship as organisational behaviour Social enterprise and the main components of the social economy Importance of advancing the social economyICTM Module Delivery TeamICTM Module Delivery Team 201920
