Social enterpreneurship, to be understood explicitly, is a dual functional equation which produces a combination of 2 deliverables: Social returns and Economic returns. Conventional business types work on delivering the maximum of economic return, while normal charities/philanthropic agencies focus on only social returns, while lacking the money returns needed to sustain their operations. That's why social entrepreneurship is a unique equation; it aims to achieve a blend of both deliverables.
Social Entrepreneurship =F(labor, capital, innovation, creativity, zest, passion, business-like rationalism...)
The list of ingredients that enter the social entrepreneurship function is never exhaustive, and if we consider the First Order Conditions
determining the optimal amounts of intangible
inputs, the quantities are infinite.
F.0.C(with respect to passion): F'(social entrepreneurship)=0
(where the function is maximised)
Passion* = positive infinity
F.0.C(with respect to creativity):
F.0.C(with respect to creativity):
Creativity*= positive infinity
(where * denotes the optimal amounts of intangibles)
(where * denotes the optimal amounts of intangibles)
That's right, we cannot pin down a finite, limited amount of passion, zest, or creativity needed to sustain a social enterprise; these are the pre-requisites of any social enterpreneurs. The social enterpreneur is a vessel of these traits and is himself an input of the equation. And the traditional assumption of diminishing returns does not apply here, when we increase our levels of dynamic passion and compassion, our returns do not increase at a decreasing rate, but expand exponentially.
Quotable Quotes:
"Just as entrepreneurs change the face of business, social enterpreneurs act as the change agents for society, seizing opportunities others miss and improving systems, inventing new approaches, and creating solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social enterpreneur comes up with new solutions to social problems and then implements them on a large scale."
Ashoka Foundation: www. ashoka.org
"Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry."
Bill Drayton, Ashoka Founder
"I'm encouraging young people to become social enterpreneurs and contribute to the world, rather than just making money. Making money is no fun. Contributing to and changing the world is more fun." Muhammad Yunus
"Just as entrepreneurs change the face of business, social enterpreneurs act as the change agents for society, seizing opportunities others miss and improving systems, inventing new approaches, and creating solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social enterpreneur comes up with new solutions to social problems and then implements them on a large scale."
Ashoka Foundation: www. ashoka.org
"Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry."
Bill Drayton, Ashoka Founder
"I'm encouraging young people to become social enterpreneurs and contribute to the world, rather than just making money. Making money is no fun. Contributing to and changing the world is more fun." Muhammad Yunus
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