What are some examples of social entrepreneurship
With social entrepreneurship
into a responsible future
It would therefore be very abbreviated to say that social entrepreneurship is dependent on financing, for example from government agencies, especially at the beginning. Every company is dependent on finding sources of finance, especially in its start-up phase. This is no different from any other social enterprise. With social entrepreneurship, the challenge lies at a higher level. It must not only secure the initial financing, but at the same time work towards keeping the dependency on the sources of financing as small as possible and constantly reducing it with a view to further developments. This is commercial thinking at its best.
One can therefore say that corporate social responsibility places very high demands on entrepreneurial skills. Social responsibility, if it is lived by a company, goes hand in hand with a high degree of economic responsibility. Social entrepreneurship is not a fix-it-all because someone feels like starting a business.
In addition, the social entrepreneur in particular has to expect that his ideas, his concept and his orientation will initially be viewed critically and not fully accepted by the business environment. A high degree of inner conviction as well as resilience to critical hostility in the economic environment is necessary.
Corporate social responsibility also means that the social entrepreneur has or is able to develop it quickly enough in a special economic field of activity. This competence ensures that he is able to develop workable concepts and to bring social responsibility into an economic context right from the start. Social entrepreneurs need to have an eye on the specific interrelationships that exist in the community and how their company will fit into these relationships.
In the case of the typical challenges of social enterprises, one will also have to distinguish whether a company wants to implement the idea of corporate social responsibility from the start and already opts for social entrepreneurship as a startup. Special difficulties arise here, which an already established company may not have to this extent if it deals with social entrepreneurship in its further corporate development.
Established companies can usually rely on a successful economic activity and a solid economic background if they want to take on social responsibility at a later point in the company's history. Entrepreneurs who only discover social entrepreneurship later, however, often have to struggle with other difficulties. The acceptance, which in his economic environment is a prerequisite for new ideas and above all for the concept of corporate social responsibility, can be more difficult to achieve than expected. For example, anyone who switches from conventional to organic farming in agriculture has to deal with some conversion problems.
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