08_Social Entrepreneurship

• Extended definition of entrepreneurship to the social dimension

• It brings together all areas of entrepreneurial activity, which aim to sustainably solve a social problem by usuage of innovative means

1. Social Bricoleurs

   (local social entrepreneur)

   -> identify and solve local grievance

   
   

2. Social Constructionists

   • Induction of long-term changes to market failure or external grievances

     
     

3. Social Engineers

   • Identifying problems in the system within the existing social structures and solution by revolutionary innovation

• Taking responsibility for own actions

• Creating a social value for society

• He or she is an innovation pioneer of humanity

Impact Map:

• Process Chain from resources used to impacts

Social Balanced Scorecard:

• includes finances, internal processes, organizational capacity, stakeholders and social impact

Social Auditing:

• Subjective impressions of stakeholders linked with other quantitative methods

  
  

  
  

  Social Return on Investment:

• Representation of a single financial figure, which monetize social and evironmental results as well

Creating a double bottom line of environmentally responsible and profitable opportunities

The entrepreneur changes through creative destruction the status quo in a market and creates thereby economic growth

Creating social value which can rersult in not-for-profit, for-profit or hybrid venture forms.

The discovery, creation, evaluation, and exploitation of opportunities to create future goods and services that is consistent with sustainable development goals.

• no specific funding of the founding of sustainability oriented new ventures

• Environmentally and socially friendly innovations are often just profitable in long term

• Innovations with a need in behavioral change