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Social Entrepreneurship

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  Page | 1 CHAPTER I 1.1   Introduction Social entrepreneurship is the process of pursuing innovative solutions to social  problems. More specifically, social entrepreneurs adopt a mission to create and sustain social value. They draw upon appropriate thinking in both the business and nonprofit worlds and operate in a variety of organizations: large and small; new and old; religious and secular; nonprofit, for-profit, and hybrid. Business entrepreneurs typically measure performance in profit and return, but social entrepreneurs also take into account a positive return to society. Social entrepreneurship typically furthers broad social, cultural, and environmental goals and is commonly associated with the voluntary and not-for-profit sectors. Profit can at times also be a consideration for certain companies or other social enterprises. Social entrepreneurship practiced in a world or international context is called international social entrepreneurship. Social entrepreneurship in modern society offers an altruistic form of entrepreneurship that focuses on the benefits that society may reap. Simply  put, entrepreneurship becomes a social endeavor when it transforms social capital in a way that affects society positively. It is viewed as advantageous because the success of social entrepreneurship depends on many factors related to social impact that traditional corporate businesses do not prioritize. Social entrepreneurs recognize immediate social problems, but also seek to understand the broader context of an issue that crosses disciplines, fields, and theories.   Gaining a larger understanding of how an issue relates to society allows social entrepreneurs to develop innovative solutions and mobilize available resources to affect the greater global society. Unlike traditional corporate businesses, social entrepreneurship ventures focus on maximizing gains in social satisfaction, rather than maximizing profit gains.  Page | 2 1.2 Objective of the Study    To study the scope of youth participation and encouragement in social entrepreneurship    To study the how Tata Social Enterprise encourages youth in Social Entrepreneurship 1.3 Scope of the Study The study will be important as it throws light on encouragement and participation of Youth in social entrepreneurship. It also focuses on how Tata Social Enterprise encourages the youth to participate in Social Entrepreneurship. 1.4 Review of Literature   1. David Bornstein and Susan Davis in their book “ Social Entrepreneurship: What Everyone Needs to Know ” states social entrepreneurship is a process by which citizens  build or transform institutions to advance solutions to social problems, such as  poverty, illness, illiteracy, environmental destruction, human rights absuses and corruption in order to make life better for many. Academics practitioners and  philanthropists characterize it variously as a profession field and movement. 2. Alain Fayolle and Harry Matlay in their book “ Handbook of Research on Social Entrepreneurship ” mentions the current financial crisis and its global consequences have increased the need to position social questions at the heart of the economy. We  believe that entrepreneurship can be an important way to restore better balance  between economic purpose and social well-being. Indeed, entrepreneurship can be a great source of economic value creation, but it can also be a means to contribute to  Page | 3 greater social justice. This concept seems to gaining momentum, both in theory and in  pract ice, with the emergence of a new research field „social entrepreneurship‟. 1.5 Research Methodology    Research Design: Descriptive.    Source of data collection: I.   Primary data: Primary data has been collected by way of questionnaire where the Sample size is 40 respondents. II.   Secondary data: Secondary data has been collected from books, journals and web-sites    Sample unit: General Public    Sample size:  40    Sampling technique: Convenient sampling. 1.5.1 Statement of the problem A study on the effectiveness of Youth Participation and Encouragement in Social Entrepreneurship with reference to Tata Social Enterprise. 1.5.2 Methods of Collection of data    Primary data was collected through structured questionnaire    Page | 4    Secondary data collected from various reference books, journals, magazines & newspapers   1.5.3   Research Instrument Questionnaire was filled by 40 respondents and conclusions are drawn by the answers given by the respondents 1.5.4   Sampling Plan The questionnaires were filled by 40 respondents out of which 22 were females and 18 were males 1.5.5 Research Limitations    In-depth preferences of the customers with regards to other companies could not be known due to time constraints      The study is done only on the youth participation and encouragement in social entrepreneurship with reference to Tata Social Enterprise   55% 45% RESPONDENTS MALESFEMALES
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