Effective Social Entrepreneurship is a discovery & solution of "UNMET NEEDS" of public? Select any one option; A= Yes, B= No, C= Other (Explain).

In my view option A will be correct.

Social enterprises are businesses that trade to tackle social problems, improve communities, people's life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community.

A social entrepreneur is a leader or pragmatic visionary who:

• Achieves large scale, systemic and sustainable social change through a new invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these.
• Focuses first and foremost on the social and/or ecological value creation and tries to optimize the financial value creation.
• Innovates by finding a new product, a new service, or a new approach to a social problem. 
• Continuously refines and adapts approach in response to feedback. 
• Combines the characteristics represented by Richard Branson and Mother Teresa.

 Entrepreneurial Skills  Leadbeater says that social entrepreneurs have abundance of entrepreneurial skills, thus making it possible for other following individuals to feel a strong commitment to the social enterprise and its mission. Leadbeater uphold that the mission of the social enterprise is crucial because it will bring the ones active in the organization a sense of purpose. This could be looked at as the same reason as companies gives their owners dividends or commercial measures 49. It is not just to create a mission, it also means that the social entrepreneur have to create different steps. The importance of the mission being connected to the unmet need is highly relevant, it cannot be too abstract. Further Leadbeater  says that social entrepreneurs have to be good at mission statement and mission management50. Nevertheless the importance of entrepreneurial skills is crucial to the social entrepreneurs to be able to meet the unmet needs that exist in the society.

Definitely Option A. 

Any definition of social entrepreneurship should reflect the need for a substitute for the market discipline that works for business entrepreneurs. Social entrepreneurs play the role of change agents in the social sector by:

• Adopting a mission to create and sustain social value (not just private value),

• Recognizing and relentlessly pursuing new opportunities to serve that mission,

• Engaging in a process of continuous innovation, adaptation, and learning,

• Acting boldly without being limited by resources currently in hand, and,

• Exhibiting a heightened sense of accountability to the constituencies served and for the outcomes created.

Sound familiar? It’s essentially the same definition as our for-profit entrepreneur. This shouldn’t be surprising. Execution in pursuit of value creation should look the same no matter what the form. So what’s different? For social enterprises that have the twin goals of social outcomes and earning free cash flow from revenue, mission-related impact is the central criterion, but wealth creation isn’t ignored. “On the surface, many social enterprises look, feel, and even operate like traditional businesses. But looking me deeply, one discovers the defining characteristics of the social enterprise: mission is at the centre of business, with income generation playing an important supporting role.”

The concept of social entrepreneurship is centered not just on mission, but on entrepreneurship, making a social benefit-focused organization become more like a business. The idea is that nonprofits can benefit from the focus of for-profit businesses – customer focus, sound strategy, effective planning, efficient operations, financial discipline. Hopefully the social entrepreneur focuses as intently on excellence in all of these as any back-to-the-wall for-profit entrepreneur. For them, as perhaps it should be for all of us, success is social value.

• Option -  A.

  Social enterprises are businesses resolve social issues. improve communities,  changes towards life with environment/ facilities. Making money from selling goods and services  market, but  reinvest the profits back into the business or for the growth community.

  A social entrepreneur is a leader or pragmatic visionary who:

  • Achieves large scale, systemic and sustainable social change through a new invention.
  • Focuses first and tries to optimize the financial value creation.
  • Innovates a new approach to a social problem. 
  • Continuously refines and adapts creative approach in response to feedback. 

   

   Entrepreneurial Skills   thus making it possible for other following individuals to feel a strong commitment to the social enterprise and its mission.

  Social enterprise is crucial because it will bring the ones active in the organization a sense of purpose.

  The importance of the mission being connected to the unmet need is highly relevant, it cannot be too abstract.

  Nevertheless the importance of entrepreneurial skills is crucial to the social entrepreneurs to be able to meet the unmet needs that exist in the society.

Thanks for your invitation. Option A. The effective social Entrepreneurship has to be discovery and solution Unmet needs of public. Clear explanations have already been given by Mr. Anil Lalwani.