Social entrepreneurship is a for-profit business model that efforts to make a positive impact on social issues or the environment. It identifies the areas of investment and business-building opportunities for the ambitious entrepreneur that are profitable projects and the well-being of society.
The inaugural research fellow for the Burten Institute of Entrepreneurial Studies was Scott Shane, a Malachi Mixon III Professor of Entrepreneurial Studies. Morgan Foundation is researching how entrepreneurs find and evaluate opportunities, collect resources, and design organizations. On the other hand, Michael Goldberg, an assistant professor of design and innovation, is an experienced venture capitalist and business leader.
His MOOC (Massive Open Online Courses) “Beyond Silicon Valley: Growing Entrepreneurship in Transitioning Economies”, has attracted millions of students from 190 countries. Burton De. Morgan Foundation and Case Western University’s Weatherhead School of Management have sponsored this thrilling MOOC.
So, if you have an entrepreneurial mindset and want to make a difference, then this online course in social entrepreneurship from Case Western Reserve University is a must. Some companies are practicing social entrepreneurship below.
Case Western Social Entrepreneurship businesses
It is a process that helps individuals, startups, and entrepreneurs address social issues. Therefore, a social entrepreneur is a person who seeks out business opportunities that have a positive impact on their community, society, or the world.
TOMS
Blake Mycoskie is the founder of TOMS and founded it in 2006, after his trip to Argentina. TOMS started a one-for-one social entrepreneurship model, where they provided a pair of shoes to children in need for every pair of shoes they sold. Today, the brand has provided up to 95 million shoes in condition and has expanded its business, assessing safe drinking water, eye surgery, bullying prevention, and safe births.
Warby Parker
In 2015, the brand Warby Parker launched its “Pupils Project” program which works with local government agencies to provide free vision screenings, eye exams, and glasses to school children. By inspiring the success of TOMS, Warby Parker similarly launched their program “Buy a Pair, Give A Pair”. As a result, the company donated above five million pairs of glasses to people in need as of 2019.
FIGS
Heather Hasson and Trina Spear founded the online retailer FIGS in 2013. Who aims to provide medical apparel and other accessories to medical professionals like doctors, nurses, and assistants. Usually, the company sells scrubs that they donate to professionals worldwide. FIGS has also contributed above 500,000 pairs of scrubs in different countries.
Love Your Melon
It is a unique social entrepreneurship example aiming to bring awareness to childhood cancers. Zach Quinn and Brian Keller founded “Love Your Melon” in 2012 with inspiration from TOMS. in their model, and they donated one beanie to a child battling cancer for every beanie sold.
Lush
Since 1995, Lush has operated as a retailer of cosmetics. The company’s shampoos, soaps, and other cosmetics are all derived from plant-based and animal-free ingredients, respectively. Additionally, it offers many forms of support for animal rights. In 2007, the company started a campaign, “Charity Pot”, in which they donated 100% of Charity Pot product profits to small organizations that concentrate on animal welfare, human rights, and environmental conversation.
Things to Consider
It would help if you considered some specialties to benefit from social entrepreneurship.
- Discover how a social business differs from NGOs, government programs, Charities, and non-profit groups.
- You need to be able to articulate the value that you can offer.
- Must identify a customer for a social entrepreneurial business.
- Discover how to assemble a group of people to ensure you meet your goals.
- Keep learning lessons from your professors so that you can tune in whenever your schedule allows, ultimate in flexibility.
- You must have a certificate of completion from Case Western Reserve University.
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