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Unformatted text preview: The Meaning of Social Entrepreneurship J. Gregory Dees 1 Entrepreneur in Residence Kauffman Center for Entrepreneurial Leadership Ewing Marion Kauffman Foundation and Miriam and Peter Haas Centennial Professor in Public Service Graduate School of Business Stanford University October 31, 1998 The idea of social entrepreneurship has struck a responsive cord. It is a phrase well suited to our times. It combines the passion of a social mission with an image of business-like discipline, innovation, and determination commonly associated with, for instance, the high-tech pioneers of Silicon Valley. The time is certainly ripe for entrepreneurial approaches to social problems. Many governmental and philanthropic efforts have fallen far short of our expectations. Major social sector institutions are often viewed as inefficient, ineffective, and unresponsive. Social entrepreneurs are needed to develop new models for a new century. The language of social entrepreneurship may be new, but the phenomenon is not. We have always had social entrepreneurs, even if we did not call them that. They originally built many of the institutions we now take for granted. However, the new name is important in that it implies a blurring of sector boundaries. In addition to innovative not-for-profit ventures, social entrepreneurship can include social purpose business ventures, such as for-profit community development banks, and hybrid organizations mixing not-for-profit and for-profit elements, such as homeless shelters that start businesses to train and employ their residents. The new language helps to broaden the playing field. Social entrepreneurs look for the most effective methods of serving their social missions. Though the concept of social entrepreneurship is gaining popularity, it means different things to different people. This can be confusing. Many associate social entrepreneurship exclusively with not-for-profit organizations starting for-profit or earned-income ventures. Others use it to describe anyone who starts a not-for-profit organization. Still others use it to refer to business owners who integrate social responsibility into their operations. What does social entrepreneurship really mean? What does it take to be a social entrepreneur? To answer these questions, we should start by looking into the roots of the term entrepreneur. Origins of the Word Entrepreneur In common parlance, being an entrepreneur is associated with starting a business, but this is a very loose application of a term that has a rich history and a much more significant meaning. The term entrepreneur originated in French economics as early as the 17th and 18th centuries....
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This note was uploaded on 10/15/2008 for the course IEOR 160 taught by Professor Hochbaum during the Spring '07 term at University of California, Berkeley.
- Spring '07