Working for a Cause "An insight into the world of social entrepreneurship"

The world is changing and our expectations are changing with it, so it is the time to build a business that can help overcome the important issues in our society. Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. Social entrepreneurship also refers to the practice of combining innovation, resourcefulness and opportunity to address critical social and environmental challenges.

Social entrepreneurs focus on transforming systems and practices that are the root causes of poverty, marginalization, environmental deterioration and accompanying loss of human dignity. In so doing, they may set up for-profit or not-for-profit organizations, and in either case, their primary objective is to create sustainable systems change.

The key concepts of social entrepreneurship are innovation, market orientation and systems change.

Social entrepreneurs are united by their ability to adopt a mission to create and sustain social value (not just commercial value), recognize and relentlessly pursue new opportunities to serve that mission, engage in a process of continuous innovation, adaptation, and learning, act boldly without being limited by resources currently in hand, and exhibit a heightened sense of accountability to the constituencies served and for the outcomes created.

The Benefits of Social Entrepreneurship include:

• Society :

Considering the areas in which you find a great deal of social enterprises, you can also detect the urgent need and potential for more skills and development for sustainable environmental development, Poverty reduction, Education, Medical and health care, Social deprivation and isolation, Sanitation, Infrastructure and building. Fostering and supporting co-operation across disciplinary lines is particularly important in the Social Entrepreneurship sector and can create solutions to problems not discovered with conventional research and business methods.

The societies are constantly changing and old models for providing services and support may no longer be possible, or they have never even existed in some societies, which is why it is important to become more innovative and think of new ways to support different groups of people today. Here is where everyone can make great contributions, big or small.

• Participant :

Social entrepreneurship programs will enhance the knowledge of the participants in the business field and provide them with the opportunity to implement if practically in their day to day life. The participants will be able to help in implementing societal change, create inspiring solutions and also work as their own boss. Social entrepreneurship offers people the alternative to become their own bosses and work for something they have a passion for and believe in.

Self-employment does offer people a chance to have a more balance in their professional and personal lives, use their education and experiences to employ themselves, and advance the causes they believe in. Social entrepreneurship opens the door for fulfilling all of the above goals and is highly demanded in our societies at the moment, thus offering infinite possibilities for people with various skills sets.

• Economy :

The major economic value that social entrepreneurship creates is the most obvious one because it is shared with entrepreneurs and businesses alike: job and employment creation. Estimates ranges from one to seven percent of people employed in the social entrepreneurship sector. Social Entrepreneurship can also solve some of the major problems in the economy like social cohesion, unemployment….. etc and hence boost the economic development.

• Unemployed :

Social Entrepreneurship helps to solve the problem of unemployment in the economy by generating more jobs and income streams. For the young and unemployed people in the economy, who are turned away by companies due to their lack of experience, a potential opportunity could be self-employment. One of the most effective approach to help the unemployed people, who are keen to enter the entrepreneurial world is to educate and motivate them and the Social Entrepreneurship program is a good motive to help those people achieve their goals.

• Boosting Creativity and Innovation :

Social enterprises develop and apply innovation important to social and economic development and develop new goods and services. Issues addressed include some of the biggest societal problems such as HIV, mental ill-health, illiteracy, crime and drug abuse which, importantly, are confronted in innovative ways. The social entrepreneurship program will boost the creativity of the participants may it be entrepreneurs or students. Creative social entrepreneurs generate market demand for their goods and services while also contributing to the dynamic shift in cultural sustainability, social justice, and economic development around the world. Sadly, social entrepreneurs operating within the creative economy seldom receive the attention of institutions practicing and promoting impact investing — a fairly new investment approach that seeks to create positive social and environmental impact and generate a profit.

More and more business owners and customers are looking for opportunities to be more charitable and help a cause they care about.

Entrepreneurship is one of the most cutting-edge careers a person can get into. Because of that, the industry is also one of the most welcoming when it comes to making a major difference in social causes.

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