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Social Entrepreneurship as a Vehicle of Social Change: Generating Profits to Make a Difference in Peoples' Lives

Abstract: 

Social Enterprises Create Social Value And Drive Positive Change In Society By Engaging In Entrepreneurial Activities That Generate Revenue. In Contrast To Private Firms, However, The Revenues Created By Social Enterprises Are Not Appropriated To The Individual Owner Or Investor But Are Used To Benefit Society. Studies Suggest That Non-Profit Organizations That Use Innovative Approaches To Generate Their Own Income Are More Effective In Implementing Efficient Service Delivery Systems And In Providing Sustained Social Benefits To The Target Population. There Is Evidence That Organizations In Africa That Utilized Entrepreneurial Approach Have Been More Effective In Achieving Their Desired Social Mission. A Case Study Of Three Social Enterprises In Ethiopia - Selam Children's Village, Assai Elementary And Secondary Schools, And Abebech Gobena Yehitsanat Kebekabena Limat Dirijit (Agoheld) - Indicates That These Organizations Have Been Able To Generate More Than 40% Of Their Annual Budget Through Entrepreneurial Ventures Which Made Them Less Susceptible To Funding Variations From External Sources. At A Time Of Growing Donor Fatigue And Dwindling External Funding, Therefore, It Is Important That Organizations With A Social Mission Strive To Become More Entrepreneurial In Acquiring And Managing Critical Resources So That They Can Continue To Provide More Complete And Uninterrupted Service To Their Target Populations

Corporate Author: 
Getnet Alemu & Worku Gebeyehu (Editor) & Ethiopian Economic Association/Ethiopian Economic Policy Research Institute
Publisher: 
Ethiopian Economic Association (EEA)
ISBN/ISSN: 
978-99944-54-24-2
Geographic Descriptors: 
Ethiopia
Cataloge Date: 
02/27/2013
Broad Subject heading: 
Finance, Inflation, Economic Growth and Other Sector
Call Number: 
330.963 PRO 2012
Serial Key Title: 
Proceedings of the Ninth International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
II
Publication date: 
2013-06-27 23:12:00
Forum or Discussion date: 
2013-02-27 15:43:29
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annualy