Two organizations that train the youth for leadership roles, Pravah and ComMutiny, on Thursday won the Social Entrepreneur of the Year (SEOY) award instituted by the Schwab Foundation and Jubilant Bhartia Foundation.
Types of social entrepreneurs
- The Community Social Entrepreneur. This entrepreneur seeks to serve the social needs of a community within a small geographical area. …
- The Non-Profit Social Entrepreneur. …
- The Transformational Social Entrepreneur. …
- The Global Social Entrepreneur.
Social entrepreneurship is the process by which individuals, startups and entrepreneurs develop and fund solutions that directly address social issues. A social entrepreneur, therefore, is a person who explores business opportunities that have a positive impact on their community, in society or the world.
He is responsible for the rise of the phrase “social entrepreneur”, a concept first found in print in 1972. Drayton is the founder and current chair of Ashoka: Innovators for the Public, a 501(c)(3) organization dedicated to finding and fostering social entrepreneurs worldwide.
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| Bill Drayton | |
|---|---|
| Title | Chair |
Social Entrepreneurship Examples
The company has since expanded the one for one concept to eye wear, coffee, and tote bags. Grameen Bank: Founder Muhammad Yunus provides micro-loans to those in need to help them develop financial self-sufficiency. Yunus received a Nobel Prize for his work in 2006.
The 10 Most Successful Social Entrepreneurs
- Bill Drayton.
- Rachel Brathen.
- Shiza Shahid.
- Blake Mycoskie.
- Scott Harrison.
- Muhammad Yunus.
- Jeffrey Hollender.
Social entrepreneurship is important because it provides a framework for businesses to find their own success in the pursuit of helping others. It’s a constant source of motivation for employees, especially for Generation Y, which is increasingly skeptical about the traditional corporate work environment.
Notable modern social entrepreneurs
| Name | Country | Social venture founded |
|---|---|---|
| Matthew Spacie | Britain | Magic Bus |
| Shaheen Mistri | India | Teach For India, Akanksha Foundation |
| Harish Hande | India | SELCO |
| Ranjan Mistry | India | Women School of Entrepreneurship, Campus Varta, Womenia Chakra Foundation |
Social entrepreneurs have a vision of the social change, they want to achieve, do take risks to do so, are creative and have leadership skills. By contrast, the notion of “social entrepreneurship” is a way to put more emphasis on the process, on the organisational and collective dimensions of the entrepreneurship.