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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 & Social Value through
Social Entrepreneurship
E.M. Erasmus, MA
University of Aruba
Tuesday, September 16th 2014
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
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.
INSPIRING INDIVIDUALS AND COMMUNITIES
SOCIAL ENTRENEURSHIP:
+ = Social
Entrepreneur
Social Entrepreneur Social
Entrepreneur
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.
• Charity
• Advocacy
• Corporate Social Responsibility
WHAT IS NOT SOCIAL ENTERPRENEURSHIP
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.
THE SOCIAL ENTERPRISE PIONEERS
THE PIONEERS
THE PIONEERS
Microfinance, rural education, social development
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.
OTHER WELL-KNOWN EXAMPLES
OTHER WELL-KNOWN EXAMPLES
OTHER WELL-KNOWN EXAMPLES
SOCIAL ENTREPRENEURSHIP IN ARUBA
D’abaru Kelkboom
WHERE ARE THE OPPORTUNITIES?
• Environmental
• Housing
• Health and care
• Information services
• Public services
• Financial services
• Training and business development
• Manufacturing
• Food and agriculture
SOCIAL ENTERPRISE MODELS…
• Revolutionizing approaches to business conceptualization
• Creative organizational structures
• Integrated use of technology
• Bottom-up approach
• Sparking off innovation and change
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
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
