Social Entrepreneurship: Concept and Examples

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Questions and Answers

What is the primary motivation for entrepreneurs in the past?

To make money (correct)

To make a positive impact on society

To innovate and create new products

To create a sense of community

What is the main goal of a social entrepreneur?

To create a successful business model

To gain recognition and fame

To maximize profits

To benefit their cause and community of interest (correct)

What is true about social entrepreneurship ventures?

They can have varying organizational structures (correct)

They are all run by volunteers

They are all dedicated to a single cause

They all follow a traditional organizational structure

What is an example of a social entrepreneurship venture?

A mutual aid fund dedicated to assisting small businesses in marginalized communities Signup and view all the answers

What is a key difference between a social entrepreneur and a conventional entrepreneur?

Their end goal Signup and view all the answers

What is true about the definition of social entrepreneurship?

It is a broad and fluid concept Signup and view all the answers

What is an example of a social entrepreneurship venture that supports education?

A corporation that uses its proceeds to support education for women in third-world countries Signup and view all the answers

What is true about social entrepreneurs?

They abide by some core tenets as conventional entrepreneurs Signup and view all the answers

What is a common characteristic of social entrepreneurship ventures?

They aim to contribute to social good Signup and view all the answers

What is the primary goal of TranSanta's social entrepreneurship venture?

To support the needs of transgender youth through online donations Signup and view all the answers

What is the main objective of Books to Prisoners?

To reduce prison recidivism through education Signup and view all the answers

What is the primary focus of Cracked It's social venture?

Teaching life skills and providing employment opportunities to disadvantaged youth Signup and view all the answers

How does 734 Coffee support Sudanese refugees?

By allocating a portion of its profits to fund scholarships for Sudanese refugees Signup and view all the answers

What type of organization is Books to Prisoners?

A traditional non-profit organization Signup and view all the answers

How does TranSanta's social venture support transgender youth?

By creating a platform for transgender youth to share their stories and receive needed items Signup and view all the answers

What is a common characteristic of the social ventures mentioned?

They are all focused on supporting social issues Signup and view all the answers

Study Notes

Social entrepreneurship is a fluid concept covering a broad variety of organizations, with no definitive mold for revenue generation or organizational structure.
It involves businesses that prioritize social responsibility over profit margins.

Socialpreneurs vs. Entrepreneurs

The primary difference between socialpreneurs and entrepreneurs is their end goal.
Socialpreneurs focus on benefiting their causes and communities, while entrepreneurs focus on high profit margins.
Social entrepreneurs can engage in standalone ventures or start for-profit businesses that fund social issue programs.

TranSanta

A community-led social entrepreneurship venture that highlights stories of transgender youth in need on Instagram.
Community members can anonymously purchase and send needed items from Target wish lists.

Books to Prisoners

A non-profit organization based in Seattle, Washington, that tackles prison recidivism in the US.
The organization accepts book donations, repackages and sends them to incarcerated individuals, promoting education and literacy.
It also accepts monetary donations for operational costs.

Cracked It

A London-based smartphone repair service staffed by "at-risk" and formerly incarcerated youth.
The organization teaches life skills and provides income and employment opportunities for disadvantaged community members.

734 Coffee

A social venture dedicated to supporting Sudanese refugees.
The business works with local co-op farms in Gambella to grow and harvest coffee.
It sells products to US retailers and allocates a portion of its profits to fund scholarships for Sudanese refugees.

Belu

A British, environmentally conscious organization that sources and provides water to hotels.
Belu prioritizes social and environmental responsibility over profit margins.

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Description

Explore the concept of social entrepreneurship, its motivations, and successful ventures that prioritize social responsibility over profit.