EC15: Social Enterprise

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EC15 Social Enterprise

• 8. Social Entrepreneurs
• Marcus Thompson
• University of Stirling

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Drucker on Entrepreneurs

• Entrepreneurship is based upon the same
  principles, whether the entrepreneur is an
  existing large institution or an individual
  starting his or her new venture single-handed. It
  makes little or no difference whether the
  entrepreneur is a business or a non-business
  public-service organisation, nor even whether the
  entrepreneur is a government or non-government
  institution. The rules are pretty much the same,
  and so are the kinds of innovation and where to
  look for them. Management. 'Druker, P. F. (1985)
  Innovation and Entrepreneurship, New York Harper
  Row.

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Entrepreneurial Venture Characteristics
Goal orientated Visionary Motivated to
grow Opportunistic Proactive Innovative Flexible
Prepared to take risks Tolerant of
failure Informal / Collegial Enjoyable fun
place Responsive to feedback
(Timmons, 2002)
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The Entrepreneurial Organization
1. Innovative 2. Prepared to take
risks 3. Proactive 4. Close to the
market 5. Responsive to customer needs
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The Entrepreneurial Organization

• Much faster at innovation
• Quality and service conscious
• Flatter structure
• Has many (more than normal) autonomous units
• Uses highly trained, flexible people

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Cultural Attributes
Entrepreneurial Professional External
Focus Internal focus Task orientated Status
orientated Risk taking Safety conscious Group
rewards Individual rewards Competition Co-oper
ation Commitment to Mission Commitment to the
Organization Knowledge valued Procedures valued
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New Themes in Leadership
Less Emphasis On More Emphasis
On Planning Vision/Mission Allocation of
Responsibility Infusing Vision Controlling Motiv
ating /Inspiring Power Retention Empowerment Crea
ting Compliance Creating Commitment Contractural
Stimulating Effort Detachment Interest in
Others Reactive to Environment Proactive
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Characteristics of a Social Entrepreneur

• Innovation
• Reach Scope
• Replicability
• Sustainability
• Direct Positive Impact
• Role model
• Mutual Added Value

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