Topic 1b

Entrepreneurial
Mindset
Social
Entrepreneurship
Section 3

Entrepreneurial Mind
set
LEARNING OUTCOME
After this class , students will

Understand Entrepreneurial Mindset

The Dark Side of Entrepreneurship
Bad Traits for Entrepreneurs

3
Basic Definitions

“
Entrepreneurial Mindset
The most common characteristics associated with
successful entrepreneurs as well as the elements
associated with the “dark side” of entrepreneurship.

4
 6 Entrepreneurial Profile
s
1 3 5
Hustlers Machine Strategists
Exuding confidence, Always get the job done Creative
enthusiastic, action- and on time. A strong tacticians, strategists,
oriented and sense of duty and an rely on their intellect to
conscientious aptitude for problem- develop effective
solving. business models

2 4 6

Innovators Prodigies Visionaries

Adventurous, forward- Inherent business Always perceptive to the
thinking and always on sense, run on instinct, needs of their demographic,
the lookout for trusting in their natural see the big picture and
unconventional intellect and social constantly try to push
business ideas. skills to succeed. their companies to new
heights. 
Dark Side of Entrepreneurship

Confrontation with Stress Bad Traits

Risk
Dark Side of Entrepreneurship

Confrontation with
Risk

These risks are present

throughout the process of Psychic Risk
entrepreneurship. Family
Financial
Career
and Social
Risk
RiskRisk
Dark Side of Entrepreneurship

Stress
What is entrepreneurial stress?
The extent to which
entrepreneurs’ work demands and Immersion in
Loneliness
business
expectations exceed their abilities
to perform as venture initiators,
they are likely to experience
stress.

Needs of
People problems
achievement
Dark Side of Entrepreneurship

How to deal with stress?

Networking Getting Communicate

away from with Employees
it all

Finding Delegating Exercising

satisfaction Tasks rigorously
outside the
company
Type-A Personalities
Chronic and severe sense of time urgency
.
Constant involvement in multiple projects subject to deadlines

Neglect of all aspects of life except work.

A tendency to take on excessive responsibility, combined with the

feeling that “Only I am capable of taking care of this matter.”

Explosiveness of speech and a tendency to speak faster than most

people.
Dark Side of Entrepreneurship

Bad Traits
People with these traits Predatory
Aggressiveness
cannot be successful
entrepreneurs
Deceit Excuse Making

Emotional
Narcissism
Instability
Section 4

Social Entrepreneurs
hip
LEARNING OUTCOME
After this class , students will

To examine the concept of “social entrepreneurship”

To examine the concept of Technology Social Ventures
TSV
Differentiate between organizational models of social
enterprise
Eco-vision and Environment Strategy

13
Social Entrepreneurship Definition

Social
Entrepreneurship
Recognizing the social problems and Step 1 Recognition
achieving a social change by employing Recognition of a perceived social opportunity
entrepreneurial principles, processes and
operations.

“A social problem is any condition or Step 2 Translation

behaviour that has negative Translation of the social opportunity into an enterprise
consequences for large numbers of concept
people and that is generally recognized
as a condition or behaviour that needs
to be addressed” Step 3 Acquisition
Identification and acquisition of resources required to
execute the enterprise’s goals.
Traditional vs Social

Traditional vs Social
Entrepreneurship

Traditional Social
Personal / Stakeholder value creation Social Value Creation
Very well established concept Yet under-studied
Organizational Models for
Social Entrepreneurial Ve
ntures
• Depend on
Non philanthropic funding
Profit • Partner’s interest

• Profits are generated

For • Grow the social
Profit venture and reach
more people

• Sale of Goods
Hybrid • Cost recovery
Social Entrepreneur a
s Change Agent
1 3 5

Adoption of a mission Engagement in Heightened sense of

to create and sustain continuous innovation accountability
social value (beyond and learning
personal value)

2 4

Recognition and Action beyond the

relentless pursuit of limited resources at
opportunities for social hand
value
.
Examples of Social Entr
epreneurs

Muhammad Sam
Yunus Goldman
Grameen and
Bank Ned Tozun,
provides D.Light
micro loans Design.
Manufacture
inexpensive
lamps
Micro View

What is Technology
Social Venture (TSV)?
Technology social venture
(TSV)’s represent a unique genre
of social ventures which attempts
to satisfy a social need through
technological innovation in a
financially sustainable manner
Examples of Technol
ogy Social Ventures

Benetech incorporates Projects Ecosia Global Giving

Bookshare.org An accessible internet a search engine that plants trees with A crowdfunding platform for
library of scanned books and its ad revenue. connecting non-profits, donors and
publications for people with print companies..
disabilities
 Success Factors for T
SVs
Move beyond digital literacy 
1
Intel Make it Wearable : encouraged entrepreneurs to make those dreams real.

2 Alter perceptions of the marginalized

Software that assesses and employs high-functioning autistic adults and uses their skills to outperform the
market.

3 Keep it decentralized
The Missing Persons Information Center against Human Trafficking in Thailand is a nationwide network of more
than 40,000 volunteers who contribute in a variety of ways—from donating free advertising to providing
transportation to retrieve individuals.

Incorporate deep stakeholder involvement

4 Pesinet founder Anne Roos-Weil partnered with community health workers to enable the collection of basic
health data from home visits

5 Communicate the results

Social Entrepreneurship

Eco-vision Step 1 Waste Management

Eliminate the concept of waste.

A leadership style that

Step 2 Accountability
encourages open and flexible
Restore accountability at individual, corporate and national level.
structures that encompass the Insist (persistence) on accountability of nations .
employees, the
Step 3 Fair Pricing
organization, and the
Make prices reflect costs.
environment, with attention to
evolving social demands.
Step 4 Diversity
Promote diversity
Key Steps of Environmental
Strategy 
Step 5 Conservation of energy
Make conservation (saving/management) profitable
Technology Entrepreneurship Idea
Assignment 1 [Business Plan]
Technology Business Idea for B
usiness Plan (Assignment 1)
Choose a commercially viable idea
1
Any local product which can have a good market

2 Idea must be Information Technology based

IT must be the major component of the product. .

Feasible Idea
3
Idea which does not need billions of cash to implement

Not a very common idea

4 Should NOT be a common idea like delivery system, attendance system etc. unless you have something really
innovative in it.

5 Should not be day-dreaming or too difficult to develop

Submission date [only for idea]: Week 2, Sunday 28th June, 2020