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Achieving the Social Objective through Social Entrepreneurship

Achieving the Social Objective through Social Entrepreneurship. The entrepreneur is one who, starting with nothing more than an idea or a prototype, has the ability to take a business to the point at which it can sustain itself on internally generated cash flow. .

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Achieving the Social Objective through Social Entrepreneurship

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  1. Achieving the Social Objective through Social Entrepreneurship

  2. The entrepreneur is one who, starting with nothing more than an idea or a prototype, has the ability to take a business to the point at which it can sustain itself on internally generated cash flow.

  3. Five factors define social entrepreneurship: • Adopting a mission to create and sustain social value ; • Recognizing and relentlessly pursuing new opportunities to serve that mission; • Engaging in a process of continuous innovation, adaptation, and learning; • Acting boldly without limited by resources currently in hand; and • Exhibiting a heightened sense of accountability to the constituencies served and for the outcomes created.

  4. A social entrepreneur is any person, in any sector, who uses income strategies to pursue a social objective.

  5. The social entrepreneur has to generate income that is re-invested into the mission thereby allowing the sustainability of the programs and services of the social enterprise.

  6. Challenges in the non-profit environment : • Community needs are growing in size and diversity. • More non-profits are competing for government and philanthropic funds. • Traditional forms of funding are becoming smaller and less reliable. • New for-profit businesses are competing with non-profits to serve community needs. • Funders and donors are demanding more accountability.

  7. How can the social mission be sustained if the organization that pursues it cannot sustain itself?

  8. The social enterprise must become self-sufficient.

  9. The SME can pursue a social objective through: • Corporate social responsibility or CSR • Formation of foundations • Contribution to social enterprises • Membership in social enterprises

  10. Pearl2 initiated a program called the Executive Directors Series to capacitate Executive Directors of Business Support Organizations in social entrepreneurship.

  11. The BSO Network Philippines is committed to promote social entrepreneurship.

  12. Ambitious Mission Driven Resourceful Innovative Strategic Results Oriented

  13. "Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry." Bill Drayton, CEO, chair and founder of Ashoka

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