The Journey of social entrepreneurship
Defining Social Enterprises and Social Entrepreneurs
Objective: The objective of this activity is to define social enterprises and social entrepreneurs, and highlight their similarities.
Materials: Whiteboard or flip chart, markers
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Instructions:
Begin by explaining the importance of understanding social enterprises and social entrepreneurs.
Mention that the focus of the discussion will be on their definitions and the similarities between them.
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DEFINITION OF SOCIAL ENTERPRISES
Write the definition provided by the Organization for Economic Co-operation and Development (OECD) on the whiteboard or flip chart: "Social enterprise is any private activity conducted in the public interest, organized with an entrepreneurial strategy, but whose main purpose is not the maximization of profit but the attainment of certain economic and social goals, and which can bring innovative solutions to the problems of society" (OECD, 1999).
Discuss the key elements of the definition, such as private activity, public interest, entrepreneurial strategy, non-profit maximization, economic and social goals, and innovative solutions.
Encourage participants to ask questions or share their understanding of social enterprises.
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DEFINITION OF SOCIAL ENTREPRENEURS
Write the definition of a social entrepreneur on the whiteboard or flip chart:
"Nicholls (2006) defines social entrepreneurship as ‘innovative and effective activities that focus strategically on resolving social market failures and creating new opportunities to add social values system by using a range of resources and organizational format to maximize social impact and bring about change. Highlight the primary focus of social entrepreneurs on contributing to societal well-being, with profit being considered subsidiary but crucial for survival.
Facilitate a discussion to ensure participants grasp the concept of social entrepreneurs and their dedication to solving social issues.
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CHARACTERISTICS OF SOCIAL ENTREPRENEURSHIP
Summarize the main points by identifying the major characteristics of social entrepreneurship as shown below:
