Corporate Social Entrepreneurship (CSE) is a process aimed at enabling business to develop more advanced and powerful forms of Corporate Social Responsibility (CSR).
Social entrepreneurship although not altogether a recent concept, has recently gained much attention from academics and practitioners alike with regards to its potential in discovering innovative avenues towards social/economic progress and development. However, in order for social entrepreneurship to prosper, a better understanding is needed about how to make it sustainable in the long run in the face of limited resources and access.
Funding from interested multinationals and affluent individuals is seen as a possible answer but it is a short-term solution at best. Partnerships between big businesses and social entrepreneurs may provide one way of resolving resource constraints, addressing societal problems and serving previously under-served communities and markets in a sustainable manner.
However, many companies and social enterpreneurs may not understand how to initiate, assess and sustain these types of relationships. Some of the challenges that such potential partnerships might face include the lack of proper available information on how to access the right finances, the ability to pitch a partnership to a large business, working on a much larger scale and having to grapple with detailed legal contracts for social entrepreneurs. On the flip side, businesses would have to consider possibilities of internal resistance and reputational risks.
Social entrepreneurship although not altogether a recent concept, has recently gained much attention from academics and practitioners alike with regards to its potential in discovering innovative avenues towards social/economic progress and development. However, in order for social entrepreneurship to prosper, a better understanding is needed about how to make it sustainable in the long run in the face of limited resources and access.
Funding from interested multinationals and affluent individuals is seen as a possible answer but it is a short-term solution at best. Partnerships between big businesses and social entrepreneurs may provide one way of resolving resource constraints, addressing societal problems and serving previously under-served communities and markets in a sustainable manner.
However, many companies and social enterpreneurs may not understand how to initiate, assess and sustain these types of relationships. Some of the challenges that such potential partnerships might face include the lack of proper available information on how to access the right finances, the ability to pitch a partnership to a large business, working on a much larger scale and having to grapple with detailed legal contracts for social entrepreneurs. On the flip side, businesses would have to consider possibilities of internal resistance and reputational risks.