Social Entrepreneurship Lecture

On 29 July we had a privilege to attend a lecture one Social Entrepreneurship from a great man. His name is P.N.Deverajan. Here is his background : Chemical Engineer from IIT Kharagpur, with experience as Group President (Corporate Planning & Development), Reliance Industries Ltd., as Director in RBI & Bank of Baroda, Member of Planning board, Government of Madhya Pradesh, Chairman & Managing Director of IDPL & Hindustan Organic Chemicals Ltd. He is one of the Board of Directors of Dr. Reddys Laboratories

After spending much of his life time in earning and corporate life he decided to give something to society. So he took a path of social entrepreneurship. But instead of starting of his own brain child to serve the society he had a different thought. He thought of creating a social entrepreneur from each of the Indian citizen. Indirectly it will create a whole lot of employment opportunities. So in this way he is contributing as a social entrepreneur.

Hence it started Center for Initiative and Management, a Learning Center for potential social entrepreneurs. It is nothing but a institute that will teach people on Social Entrepreneurship. It was first started in Chennai in 2000, then in Hyderabad in 2002 . Fortunately as a part of establishing it in Mumbai it approached SIES college in Nerul. And there he started a Post Graduate course on Social Entrepreneurship [PGSEM]. It is basically a 1 year course.

This is the background information. Now what i learned from the lecture is as follows. Actually i will be giving the understanding of what Mr. Deverajan has conceived. The FIRST step is the whole Idea and the Intention. The SECOND Part is how to make a model out of it. THIRD is how to manage the FINANCE.

FIRST :

So he started of with defining what is Entrepreneur and Social Entrepreneur. He stated the basic qualities of Entrepreneurship are as follows A person who is a VISIONARY, who has some domain specific SKILL, has a good IDENTIFICATION OF AN AREA or a GAP, and the most important IMPLEMENT that idea in an INNOVATIVE way with future SUSTAINABILITY.

Now what differentiates a SOCIAL entrepreneur. All the things above mentioned are same only the GAP here has a SOCIAL NON PROFIT aspect. His/Her entire intention is to solve that problem occurred from the gap, and see to it that it REPLICATES as fast as possible. So the basic difference between a Business Entrepreneur and a Social Entrepreneur is that the later wants his idea to be copied and replicated and he/she do not copyright or patent it. Hence in term of Deverajan he is a Manager of the DIVIDE. Hence SE is slight different from Social Worker, Social Worker do not make the use of professional management skills and qualities.

The most quality that he focused is Leadership. He termed it Servant Leadership. He explained us that normal leadership is Power Leadership, it means it comes out of power and designation. A social entrepreneur should be a servant leader, he/she should serve people and make leaders out of themselves.

So summing it up following are the qualities

1 – INNOVATIVE

2 – SHARING abilities/ NETWORKING capabilities

3 – BEST PRACTICES [documentation]

4 – CHANGE MANAGER

5 – RISK TAKER

6 – A LEADER, A EXCELLENT COMMUNICATOR.

Then suddenly one of our students gave an excellent definition of entrepreneur, He/She is the person who converts threat in an opportunity.

SECOND:

Second step he focused how to manage the institute that one creates in this process. He was very clear about it. He had an idea of a MICRO FIRM. It meant that the firm should not have the size of more than 10 people. Everywhere you go you should be able to create a Micro-Firm for that area, which should run independently.

THIRD:

Finally comes the most important part FINANCE. How to manage finance.

He stated that funds can be raised from DONATIONS, FEES, GRANTS and VENTURE PHILANTHROPISTS. We should treat them as our customers or SHARE holders. We should get funds from them regularly and also get some new clients. Following is how the Balance Sheet can be maintained.

TopLine : INCOME : donations, fees, grants, Vps.

Income Generating Activity

TOTAL INCOME.

Expenditure: service provided, teachers, etc..

Bottom Line – 1 : NET SAVINGS/ SURPLUS

Bottom Line – 2: MEASUREMENT OF WORK IN Percent of Achievement of GOALS

http://tinyurl.com/SEIndi

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