Catalyzing Innovation and Social Change through Social Entrepreneurship
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Slides of my presentation as guest speaker during the event at the University of Aruba titled: "The role of the University of Aruba in Creating Social Value and Social Responsibility. Volunteer Work in the Galapagos Islands."
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Catalyzing Innovation and Social Change through Social Entrepreneurship
- 1. Catalyzing Innovation & Social Value through Social Entrepreneurship E.M. Erasmus, MA University of Aruba Tuesday, September 16th 2014
- 2. THE RISE OF SOCIAL ENTREPRENEURSHIP… •Not a new concept… •A response to failures of governments and corporations to tackle social challenges •Accelerated pace: globalization and high interconnectivity •Pragmatic and real-time solutions
- 3. WHY SOCIAL ENTREPRENEURSHIP IN CURRICULUM? •Government is unable to solve all social problems. •Scarcity of public funds (subsidies). •Address root causes of social challenges at a systemic scale in an innovative manner. •Challenging the status quo and stimulating stakeholders to follow suit. •Contribution to a sustainable Aruba. •Future alternative career/job.
- 4. INSPIRING INDIVIDUALS AND COMMUNITIES
- 5. SOCIAL ENTRENEURSHIP: + = Social Entrepreneur Social Entrepreneur Social Entrepreneur
- 6. SOCIAL ENTERPRISE: An organization that applies business (commercial) strategies to promote development and maximize improvements in human and environmental well-being, rather than maximizing profits for company shareholders.
- 7. • Charity • Advocacy • Corporate Social Responsibility WHAT IS NOT SOCIAL ENTERPRENEURSHIP
- 8. COMMON CHARACTERISTICS: Social Enterprises: •Operate as commercially run businesses. •Create social value and/or mitigate social problems. •Aim to make profits. •Generate income through sales of goods or services. •Use good business practices and principles. •Use the majority of their profits to further social or environmental goals.
- 9. THE SOCIAL ENTERPRISE PIONEERS
- 10. THE PIONEERS
- 11. THE PIONEERS Microfinance, rural education, social development
- 12. PROVEN SUCCESS •Both the Grameen Bank and BRAC demonstrated that is was possible to mitigate poverty on a massive scale. •Growing solutions in a bottom-up fashion. •Social innovation and trial and error.
- 17. SOCIAL ENTREPRENEURSHIP IN ARUBA
- 20. D’abaru Kelkboom
- 22. WHERE ARE THE OPPORTUNITIES? •Environmental •Housing •Health and care •Information services •Public services •Financial services •Training and business development •Manufacturing •Food and agriculture
- 23. SOCIAL ENTERPRISE MODELS… •Revolutionizing approaches to business conceptualization •Creative organizational structures •Integrated use of technology •Bottom-up approach •Sparking off innovation and change
- 24. NOT JUST THE RIGHT THING… •Investment in social enterprise is rising around the world •Biggest economic opportunities are around solving societal needs •Big benefits for countries that pursue it
- 25. GETTING STARTED…. •Social entrepreneurship is not for everyone… •Driving force: PASSION for a cause •Articulating the problem and the solution •Use available resources •Find synergy •Financially sustainable business model