LESSON 7 Flashcards
(31 cards)
The definition of ___ up to the present day has no clear agreement yet and with much debate but according to some authors and noted business advocates it may be defined simply as way of creating business that emphasizes a greater care for the people and natural resources employed. (Nichols and Thompson 2008)
Social Entrepreneurship
is a cause-driven business whose primary reason is to improve socio-economic objectives in the promotion of public welfare. (Seth Godin, What is a ___)
Social Enterprise
Is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives. May believe that this practice is a way to connect you to your life’s purpose, help others find theirs, and make a difference in the world (all while eking out a living). (Adam Hayes)
Social Entrepreneur
IMPORTANCE OF SOCIAL ENTREPRENEURSHIP
➤ He/she will be an inspirational source of impact
➤ He/she will respond to customers’ needs
➤To manage Relationships beyond economic purpose
➤ A more responsive business to create economic and social value
➤ A social mission to make the world a better place
The main goal of a ___ is not to earn a profit. Rather, a ___ seeks to implement widespread improvements in society. However, a___must still be financially savvy to succeed in his or her cause.
social entrepreneur
A rule of thumb is a ___or social business is has specific social objectives that serve its primary purpose. ___ seek to maximize profits while maximizing benefits to society and the environment. Their profits are principally used to fund social programs.
social enterprise
The Process of Social Entrepreneurship
- Find an opportunity
- Develop a business concept
- Figure out what success means and how to measure it
- Acquire the right resources
- Launch and grow
- Attain goals
QUALITIES NEEDED TO SUCCEED IN A SOCIAL ENTREPRENEURIAL ENVIRONMENT
Adaptability
Positivity
Resourcefulness
Team Player
Effective and competent
Willingness to learn
Able to adjust in any form of social environment, regardless of culture, race and traditions.
Adaptability
Being optimistic even in dire situations are one of the keys to succeed not just in social-entrepreneurship but in life in general.
Positivity
Most of the time we are left with minimal resources (ie. funds and materials) to create income generating projects, we should be resourceful in maximizing what we have to obtain greater results.
Resourcefulness
A social entrepreneur should be a good __able to fit in with any group and realize his/her role in that organization for level and systematic operations able to go with the flow.
Team Player
Possess the required knowledge and competency to produce prodigious results that are significant in attaining growth and development at the shortest time.
Effective and competent
A social entrepreneur must be open to all sorts of comments, always aspiring to improve his/her craft
Willingness to learn
• Presents greater opportunities to the community
• Gives trainings to improve the quality standards of income generating projects and livelihood
• Provides variety and versatility to already existing programs and income generating projects
• Address specific issues on malfunctioning livelihood programs and policy models.
• Innovation through research
Social entrepreneurship
Core is solely based on a framework for businesses to find their own success in the pursuit of helping others.
Is not for profit alone but it always carries with the intent to help the community and provide opportunities in alleviating a person’s way of life.
It is always patterned on the view of the Government’s goal in promoting a balanced, healthy, and developed community in the hopes that it would minimize poverty in a certain community, thru private investors engaging in business, providing jobs, infrastructures, accessible roads, and markets of goods and services to the common people.
Social entrepreneurship
Capital Town’s OTOP product is “Bagoong” as per Ordinance No.6, s-2012 of the Sangguniang Panlalalwigan of Pangasinan;
• Lingayen
milkfish, the popularly known “Bangus”;
• Dagupan City
are known for their dried salted fish:
• Sual and San Fabian
Towns are where hundreds of hectares of salt farm are located;
• Dasol and Infanta
is famous for its white gold, sweet, and bite-sized “puto.”
• Calasiao
is fastly known by food enthusiasts because of its “buro,” the fermented rice –and fish mix.
• Bayambang
for their jugs of vinegar that are found on stalls along the highways;
• Binalonan and Bugallon
is acknowledged for its bamboo craft and its luscious mangoes;
• San Carlos City
