The phenomenon of Social Entrepreneurship refers to the application of an entrepreneurial process in order to achieve social goals. This adoption of traditional business principles has captured the fascination of social change activists around the world, and yet, a lack of understanding its characteristics such as value proposition, opportunity, innovation and the creation of value can be observed. At the same time, similar changes in the philanthropic sector are taking place, with the phenomenon of Venture Philanthropy pioneering a new model of financing social change by translating the conventional venture capital approach from the business world to the social sphere, turning philanthropists into social investors. These complementing phenomena show a new relation between the financing and executing side in the social sector and challenge traditional categories such as non-profit vs. for-profit by choosing hybrid organizational forms. As these changes advance, efforts towards the creation of a social capital market that build on these two phenomena can be observed in order to restructure the current system of financing social change, applying principles from the financial markets. These changes challenge the traditional dichotomy of social and economic value that defines our current understanding of capitalism.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The phenomenon of Social Entrepreneurship
- The emergence of Social Entrepreneurship
- Actors in the emerging field of Social Entrepreneurship
- The definition and process of Social Entrepreneurship
- Definition of entrepreneurship
- Social Entrepreneurship vs. Business Entrepreneurship: Analyzing the process and defining the difference
- Entrepreneurial traits in the process of Social Entrepreneurship
- The assessment of value creation
- The case of two socially entrepreneurial ventures
- Grameen Bank
- Associação Saúde Criança Renascer
- Philanthropy – a source of resource for Social Entrepreneurship
- The phenomenon of philanthropy
- Changes in the structure of philanthropic practice
- Venture Philanthropy – the other side of Social Entrepreneurship
- Definition of Venture Philanthropy
- The case of two Venture Philanthropy organizations
- Ashoka - Innovators for the Public
- Echoing Green
- The relation between Venture Philanthropy and Social Entrepreneurship
- Social Stock Exchange – connecting philanthropists and social entrepreneurs
- The need for a coordinating mechanism in the market for social financing
- The Social Stock Exchange in Brazil
- Perspectives for the social sector capital market
- Conclusion and Perspectives
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work examines the phenomenon of Social Entrepreneurship, focusing on its application of entrepreneurial principles to achieve social goals. It analyzes the emergence of Social Entrepreneurship and its relationship with evolving philanthropic practices, particularly the rise of Venture Philanthropy. The work explores the definitions and processes of both Social Entrepreneurship and Venture Philanthropy, highlighting their shared characteristics and unique attributes. It also investigates the emergence of a social capital market, examining how this market can connect philanthropists and social entrepreneurs to facilitate sustainable social change.
- The nature and characteristics of Social Entrepreneurship
- The relationship between Social Entrepreneurship and Venture Philanthropy
- The development of a social capital market
- The impact of these developments on traditional notions of social and economic value
- The potential for hybrid organizational models in the social sector
Zusammenfassung der Kapitel (Chapter Summaries)
The introductory chapter provides an overview of the phenomenon of Social Entrepreneurship, highlighting its increasing significance in addressing social issues. It introduces key concepts and sets the stage for subsequent discussions. Chapter 2 delves into the emergence of Social Entrepreneurship, analyzing its origins and the key actors driving its development. It examines the unique characteristics of this field, including its potential for creating social impact. Chapter 3 focuses on the definition and process of Social Entrepreneurship, comparing it to traditional business entrepreneurship and highlighting its distinctive elements. It explores the importance of value creation in the context of social impact. Chapter 4 presents case studies of two socially entrepreneurial ventures, demonstrating their real-world applications and highlighting their contributions to addressing social challenges. Chapter 5 examines the role of philanthropy in supporting Social Entrepreneurship, exploring the evolution of philanthropic practices and their potential for financing social change. Chapter 6 delves into Venture Philanthropy, discussing its definition, key characteristics, and relationship with Social Entrepreneurship. It showcases the work of two Venture Philanthropy organizations, providing insights into their approach to supporting social ventures. Chapter 7 explores the emergence of the Social Stock Exchange as a coordinating mechanism for facilitating social financing. It analyzes the need for such a mechanism and examines its potential to connect philanthropists and social entrepreneurs, fostering a more sustainable social sector. The conclusion summarizes the key findings of the study and offers perspectives on the future of Social Entrepreneurship and its evolving role in the landscape of social change.
Schlüsselwörter (Keywords)
This work examines the intersection of Social Entrepreneurship, philanthropy, and the emerging social sector capital market. It explores how these interconnected phenomena are shaping the landscape of social change, challenging traditional notions of non-profit vs. for-profit models and fostering innovative approaches to addressing social issues. Key terms include Social Entrepreneurship, Venture Philanthropy, social sector capital market, social innovation, hybrid organizational models, and social impact.
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- Frederik Teufel (Author), 2007, Social Entrepreneurship , Munich, GRIN Verlag, https://www.grin.com/document/93056