SOCIAL ENTREPRENEURSHIP

What is social entrepreneurship? Identifying or recognizing a social problem and using entrepreneurial principles to organize, create, and manage a social venture to achieve a desired social change.

Who are social entrepreneurs? Individuals with innovative solutions to societys most pressing social problems. Very ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change.

What are some characteristics of social entrepreneurs? Social entrepreneurs don't do well in bureaucracies. A social entrepreneur is a pragmatic visionary who achieves large scale, systemic and sustainable social change through a new invention. A social entrepreneur has a practical but innovative stance to a social problem. Social entrepreneurs are innovative, resourceful, and results oriented. What business entrepreneurs are to the economy, social entrepreneurs are to social change.

Name of social entrepreneurs: Susan B. Anthony (U.S.), founder Women's Rights. Vinoba Bhave (India), Founder and leader of the Land Gift Movement. Dr. Maria Montessori (Italy), childhood education. Florence Nightingale (U.K.), Founder of modern nursing. William Bill Drayton (USA), Founder Ashoka.

Which social entrepreneur do you admire most and why? Vinoba Bhave (India). He founder and leader of the Land Gift Movement, he caused the redistribution of more than 7,000,000 acres of land to aid India's untouchables and landless.

Who are social enterprise investors? The people that use investment to grow their businesses and with the profit created will be able to give a financial return.

Who are social enterprise service providers? It is all about social networking. For example; the HP product. HP Social Enterprise
Services take customer relations to a new level with analytic tools that make it easy to engage with customers via social networks, turning those interactions into positive outcomes for both the customer and organization.

What is society? The community of people living in a particular country or region and having shared customs, laws, and organizations.

What are common social challenges / problems / issues? Common social challenges : Age, Gender, Social Exclusion & Well-being of Aboriginal People. Common social issues : HIV/AIDS, Violence, and Poverty. Common social problems : Discrimination - against culture, age, & sex. Standard of living - between the poor & rich.

What is social capital? The network of social connections that exist between people, and their shared values and norms of behaviour, which enable and encourage mutually advantageous social cooperation.

What is social change? Social change like builds community-based responses that address underlying social problems on an individual, institutional, community, national and/or international level.

What is social impact? The effects on various people that happen as a result of an action, activity, project, programmed or policy.

What is impact investing? Impact investing occurs across asset classes, for example private equity / venture capital, debt, and fixed income. Impact investing goes beyond traditional socially responsible investing to seek out direct investments with high social or environmental impact.

What challenges do impact investors face? The Challenge is looking for innovative investment ideas that balance the tension between financial and social return rather than sacrifice either priority.

How do measure social impact? The Impact Reporting and Investment Standards (IRIS), It is a standard set of performance measures for describing social and environmental performance that facilitates comparisons of impact data across investments. The IRIS framework consists of six parts: *Organization Description *Product Description *Financial Performance *Operational Impact *Product Impact *Glossary