ENTREPRENEURSHI

DI
GITALASSI
GNMENT-
9

SUBMI
TTEDBY:

PRI
YATHARSHI
NI.G.S

19BBA0032

VI
T-BUSI
NESSSCHOOL

VELLORE

SUBMI
TTEDTO:

PRABUCHRI
STOPHER.B

VI
T-BUSI
NESSSCHOOL

VELLORE
Whati
s soci
albusi
ness?
Underst
andi
ngthi
swayt odealwit
hsocial
changeandknowingt
hev ar
ioussor
tsof
soci
albusi
nessmightbevi
talt
ostayi
ngawareofaquickl
yadvanci
ngbusinessscene.
Addi
ti
onall
yint
ri
gui
ng:howa datar
oom cansuppor
tyourpr
otect
eddeals.

Gi
vi
ngConsci
encesomet
hingt
odo
Socialbusinessv entureisanexpansi veideathatcontainsaf ewdi sti
nctmet hodologi
es,
al
lwi t
habasi clongi ngt oinfl
uenceposi ti
vechangef orsocietyi ngeneral
.Mostf ri
endly
businessv i
sionar ieshav easpeci f
iccenteron margi
nal i
zedandmi susedpopul aces,
i
ncludingpoorpeopl e,thewi pedout ,thepowerlessandt hehel pl
ess.May bet han
essential
l
ypausi ngf oramomentandwat chi
ngsocial shamef ulactsandenor mous
scopemi sfortunesunf url,socialbusinesspeopledeciphertheirsensationsofangui sh,
compassi on,andmi seryinto act
ion.There'saconsolidatedfeel i
ngofadv ancementand
socialdutybehindeacht ryint hi
scl assi
fi
cati
on.
Ev entual
ly,
regardlessofwhet herthey'r
ebui l
dinga  chari
t abl
eor ganizat
ion orneedto
fi
gur eouthowt oacceptaf reeent erpri
sewayt odeal wit hdoinggr eat,
socialbusiness
visionari
essharecer tainchar act er
isti
csandobj ecti
ves.Asi ndicatedbyt he Schwab
Foundat i
on forSocialEnt repreneur shi
p,expertsi nthisfieldshare" anendur i
ngfai
thin
thenat ur
al l
i
mi t
,allthingsconsi dered,tocontributegenui nelytofinancialandsocial
turnofev ents"al
ongsi de" adr iv
ingent husi
asm f orget t
ingt hatgoing."TheSchwab
Foundat i
onci t
es Richar dBranson  and MotherTher esa 
aspeopl ewhot y pi
fyvari
ous
par tsofthesocialbusi nessv isi
onar y'
smet hodol ogy.

Ty
pesofSoci
alEnt
repr
eneur
shi
p
Obv i
ousl
y,soci
albusinessisanythingbutaone-size-
fit
s-al
lassi
gnmentforapar t
icul
ar
sortofact
ion.Therearevari
ouski ndsofbusinesspeopleandbusinessventurethatf
all
undertheumbr el
l
aofsoci aladv
ancement .Thesev ar
iouskindsofsoci
albusinessshow
exactl
yhowdi f
feredtheideacanbe.

Local
areaPr
oject
Apeoplegrouppr oj
ectisar elati
v el
y  
smal l
-scal
eef f
or t
 t
oaddr essani ssueinsidea
part
icul
arcommuni ty
. Social,naturalandmonet aryissues aret heessent i
alfocalpoint
ofmostlocal ar
eaprojects,yettheunder st
andi ngsofwhatt hisimpli
escanbev ery
wide.Anyt
hingfrom awor kt oassembl eal ocal areagar deni nawel l
-to-dosubur bto
theassoci
ationofav olunteerlocal groupoff ir
e- f
ightersinadest i
tut
ionst r
icken
provi
nci
alregioncanf al
lundert heumbr ell
aofasoci albusinessv enturelocalarea
proj
ect.
Localar
eaprojects areperhapsthebestil
l
ustr
ati
onofthepossi
bil
i
tythatanybodycan
beasocialbusinessv i
sionary.Youneedn'
tbot
herwithabusi
nessdegree,f
orceor
associ
ati
onswi thinfl
uencechangewher eyouresi
de.Al
lyouneedisthe 
entr
epreneur
ial
dri
ve,i
nvent
iveness, t
irel
essness,andcommitment 
toownatasktofulf
il
lment.

Non-
benef
itassoci
ati
on
Thespeci f i
cdesi gnofa  non-benef i
tor gani zati
on ispr onet ocont rastbasedon  legal
pur v
iew, yetoveral l
,non-benef itassoci ationsexi stnott opr oducei ncomef ori
nv estors
andpar tnersy ettomakeav ent urezer oedi nonapar t i
cularreason.Onenor mal
conf usi
oni sthatnon- benefi
tassoci ationschannel ev eryoneoft hegi ftstheygeti nt
o
theircentralgoal ,howev erthisi sn'tthesi tuation.Chi efaut horityf orhugenon- benefits
canf requentlybeal laroundr edr essed; theirpayf ort hemostpar tisn'tclosetojustt hat
highoft heheadofasi milar
lyest i
mat edassoci ati
oni nt heprivat ear ea,howev er
char i
ti
esdogot hroughcashon  operational expenses  l
ikecompensat ions,showcasi ng,
andwor kplaces.Any  
extrarev enue  i
ssetbacki ntot heassoci ation'sbl essingor
reinvestedinal t
er natemanner sasopposedt opai doutt oinv estor s.
Besideacti
vi
ti
es,howev er,phil
anthropiesar el
imit
edbyobl igationandf requentl
ybylaw
toutil
i
zethepaytheypr oducet odeliverissuesidenti
fyi
ngwi t
ht hei
rcentralgoal.Non-
benefi
tsmaycenteron  specif
icissues, f
orexampl e,t
het herapyofanuncommon
i
nfecti
onortheirmissionsmi ghtbeasmi dgenmor ebroadandcent eredon broad
categori
es 
suchasf r
iendlyeffect,y
out htraini
ng,l
adies'wellbeing,anddiseaseresearch.

Co-
empl
oyabl
e(Co-
oper
ati
on)
Indiv i
dualswhomeetupt oaddr essa specificneed oftenst ructureco- usable
gat her i
ngs,orcommuni ti
es.Thesepar tclaimedandwor kedendeav orst ypi
callycent er
aroundf undament al r
equirement sli
kel odgingorst aplegoods.Asi ndi catedbyt he
Internat i
onal Co- empl oyableAl l
iance,communi ti
esar e" i
ndependentassoci ation[ s]of
peopl ejoi
nedwi llf
ul l
ytomeett heirnormal monet ary,social necessiti
esandsoci al
requi rement sandgoal sthroughamut uall
yclaimedandf ai
rlycont r
olledv enture."In
manyspot s,cent ershav etheirownext r
aordinarylawf uldeterminationsand
prer equisit
es, andt heycanwor konei thera non-benef itorrevenuedr ivenpr emi se.By
andl arge,non-indiv idualscan'ttakepar tinthecommuni ty,
y etaqui ck appli
cation
process  i
snor mal lyal l
thatisneededt ojoin.Indi
vidual smightbeneededt opay
a member shipf ee tocov er operati
onal expenses andt heymayl ikewiseber equir ed
to per form certaindut i
es t
okeept hecommuni t
ygoi ng.
Soci
alEnt
erpr
ise

Organizati
onsthatwor kaspera specifi
csocialoraltr
uist
icmi ssion 
areknownas
fri
endlyendeavor s.Theseorgani
z ati
onsar efr
equentlysponsor edbyanon- benef
it
associati
onandmayexi stt
o f
urtherthatassociati
on'sgoal 
andoppor t
unit
y.For
i
nstance, afoundat i
onthatspotl
ightsont hewellbei
ngandpr osperit
yofsenior
resi
dentsmaybegi naweekaf t
erweekmaker easonablethatpermi t
sseniorstosel
l
carpentryacti
vit
ies,weav i
ngorpr epar
edpr oductsasamet hodofcr eati
ngsomepay .
Soci alundertaki
ngsregularl
ycent eraroundgi v
inga  j
obabil
iti
espr epar
ingoppor tuni
ty
progr am forunderesti
matedorweaki ndividual
sandmayut i
lizeconti
nuesf r
om the
busi nesstopay  
salar
ies 
topopul acesuphel dbyt henon-benef i
tassoci
ationorto
subsi di
zet henon-benefi
t'
sendeav or
sasamet hodsof  
supplement i
ngincome through
gift
s.Soci alendeavorscanlikewiseaddr ess i
nequalit
yorbadf orm;oneill
ustr
ationof
thisist heclubworkedbynat iveclansinNor thAmer i
canpeopl egroupwhohav ebeen
dislodgedf rom t
heirfamil
ialter
rainsbypi oneergov ernments.

Soci
alPur
poseBusi
ness
Afewor ganizat i
onsest abl i
shedt obot h gener ateprofit
 and  affectsomeki ndof
change forthebenef i
toft heov erallpopul ationorapar ticulargat heringofi ndivi
duals
needinghel p.Anassoci at i
ont hatendeav orst ofindsomeki ndofhar monybet ween
revenuedr i
v enassoci ationsandnon- benef itprogramsi sknownasa  social r
eason
business.Soci al busi
nessv isi
onar ieswhof oll
owt hi
scour seacceptt hatthe pursuitof
monet arygai n doesn'tneedt obeatchanceswi t
hmor al, i
nnerv oicecenteredact iv
ity.
Thesesor tsofor ganizationswi lli
ngener al pulli
nswayi nvest ors. I
mpact
i
nvesting oper atessimi l
arasanycust omar ybusi nessspecul ati
onorf undingexer t
ion,
j
ustwi ththeaddi ti
onal wor ryofcr eati
ngsoci algreat.Anef fectf inancialbackerwi l
l
needt oguar ant eethatthei rventur egoest owar da busi
nessmodel  t
hat'sprobably
goingtopr ev ailaswel laspr onet opr evail i
ni t
scent r
algoal ofaf fecti
ng positi
v e
change.

Whati
sBusi
nessEnt
repr
eneur
shi
p?
Tosay" business"busi
nessi
ssomewhatexcess.Al lbusinesspeoplediscoveredan
organizat
ion,orthati
stosay,abusiness.Busi
nessvisi
onar i
esdispat
chor ganizat
ions
thatmakechangeandbenef i
tthr
ought hei
rit
em andaddi t
ional
lyadminist
rati
on
contri
buti
ons.Att hepoi
ntwheny ouusebusinesstotakecar eofanissue,makel ife
mor eadvantageous,orshowimprovementov eri
thadbeendonepr evi
ously,youar ea
businessv i
sionar
y.
Fort
hisconv
ersat
ion,
whenwet
alkaboutbusi
ness,
we'
redi
scussi
ngapar
ti
cul
arsor
tof
businessv i
sionary.Thisbusi
nessvisi
onaryneedstoutil
izetheirbusinesst obringin
cash.Theywi l
lcreate,
bootstr
apanddi spat
chanorganizati
onexpl i
citl
yf ormaki ng
money .Whi l
et heyarehopingtoinf
luencechangethroughtheirorganization,t
her ei
sno
predefinedsoci almi
ssionappendedtot hei
rbusi
ness.Thebusi nessper son'sthoughts
regardinghowt heworldoughttobearenotentwinedwi t
htheact iv
iti
esoft heir
organizati
on.
Incaseyou'
ret
hesortofbusinessvisi
onarywhosewanttomakethewor
ldasuper
ior
spotiscompar
ablet
oy ourl
ongingtogui deabenef
ici
alor
gani
zat
ion,
att
hatpoi
nt
you'
remostli
kel
yasocialbusinessperson.

Whati
sSoci
alEnt
repr
eneur
shi
p?

Albei
tasocialbusinessvisi
onaryfol
l
owsasi mil
arwaytoprogressasabusi ness
person,t
heirobj
ectivesareprof
oundlyextr
aordinar
y.Asocialbusi
nesshopest omake
posit
ivechangesont heplanetaboveall
else.Theyshouldmakeabenef itt
odot his—
sotheycanspendt hosebenefi
tsonbeneficentact
ivi
ti
es,aswellasre-
putthose
benefi
tsinthei
rorganizat
ionstasks.
Theit
emsandaddi ti
onall
ybenef
itsoffer
edbyabusinesscanunmi st
akabl
y
char
acteri
zetheorgani
zati
onsgoals,andlety
ouknowwhet heri
t'
sasocialorbusi
ness
vent
ure.Hereareacoupleofi
nstancesofsocial
businessv
entures:
GrameenBank–Thi s"bankofpoorpeople"isanuncommonsor tofleasert
hatoff
ers
miniat
ureadvancestodevast
atedi
ndi
vidualsinagr
icul
tur
alnat
ions.Theseli
ttl
e
advancesgiv
eindivi
dual
sthewaytoactnat ural
l
yadequate,
andthey'
requiteoft
en
sett
ledcompletel
y.
TOMS–t hi
spoli
shedf oot
wearorganizat
ionwasf ramedaftert
hei
rorigi
nat
or,
Blake
My coski
e,v
isi
tedAfr
icaandwasst unnedt odiscov
erthevastmajori
tycoul
dn'
tmanage
thecostofacoupleofshoes.Foreachpai rofTOMSsold,theorgani
zati
ongiv
esone
setsofshoestoindi
vidual
soutofluck.
Sevent
hGenerati
on–alongsi
dedel
iver
ingcleani
ngandi ndi
vidualcleanl
inessi
temsthat
hav
eadi mini
shedunsafei
mpactonthecli
mat e,
thissocial
businessv entur
egives10%
oft
heirpr
e-char
geincometonon-
benefi
tsandot hersoci
albusinesses.
Thr
eeDi
ff
erencesBet
weenSoci
alandBusi
nessEnt
repr
eneur
shi
p
Al
bei
ttheset
wot
ypesofbusi
nesscanbecompar
ati
ve,
her
ear
esomekeycont
rast
s:
Who'
sInv
est
ingi
nYourEnt
repr
eneur
shi
p?
Numer
oussocialbusi
nessesl
ookfort
hei
rfi
rst
-per
iodsoffi
nanci
ngfrom donors.Al
bei
t
t
hesef
inanci
albacker
sneedtoseeaprof
itf
rom specul
ati
on(ROI)t
hey'
remor esimi
lar
.