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The Importance Of Social Entrepreneurship

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Today, the term- “social entrepreneurship” has become quite common to describe social initiatives undertaken by individuals or group of individuals which may not be necessarily non-profit. Similar to the ways in which business entrepreneurs create and transform whole industries, social entrepreneurs act as the catalysts for change in society, using opportunities others miss out on in order to improve systems, invent and bring to the table new approaches and advance sustainable solutions that create a social impact. Social entrepreneurs primarily seek to generate social value rather than profits unlike traditional business entrepreneurs. The work is targeted not only towards immediate, small-scale effects, but eventually leading to long-term …show more content…
95% of the funding comes from governments, international organizations, foundations and corporations.

Identify the problem
The Gates foundation has the primary goal of bringing about changes that will help people live healthier and more productive lives. So, listening and learning about the problems around the world which get little attention through its branches is very critical. All the strategies emerge through this process of identifying what to achieve and where the greatest impact can be made. Once the area of need is identified, major goals and a clear path to achieve them are defined.

Developing Strategy
The Bill and Melinda Gates Foundation primarily raises funds for the initiatives it undertakes. 95% of the funding comes from governments, international organizations, foundations and corporations.
There are 4 divisions in the Gates Foundation:
1. Global Health
2. Global Development
3. U.S. Program
4. Global Policy and …show more content…
The foundation exercises flexibility in terms of how the partners achieve those results not necessarily requiring them to report all of their activities. The focus is on purposefully measuring the most critical metrics of progress that support continued learning, adjustment, and alignment. The nature and frequency of measurement depends on the type of work. For example a polio eradication project may have different metrics of measurement than a tobacco control

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