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Industries, Public Sector, Business Schools. What is the Positioning of Social Entrepreneurship?

12/16/2018

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The newspaper Le Monde has recently (22/10/2018) reported the trend of business students who are more and more seduced by social entrepreneurship. Indeed, some students no longer hesitate to enter a large business school to develop a project with high social content. Here is a sentence from one of these students who seems to sum up this new state of mind: "When you have the chance to study, you have the responsibility to do something that you like and that animates you. " Kevin Berkane, a 28-year-old HEC graduate.

Thus, many are interested in associative engagement, specialization in social entrepreneurship or the creation of positive impact structures, and therefore correspond less and less to the cliché that we can make of these schools. But what happens after school? Indeed, for many of these students it can be difficult to make a career choice oriented towards social entrepreneurship, as this student explains: "It can be complicated to have invested in a school, for a certain standard of living, and finally to give it up. Personally, I tell myself that I prefer to take more time to repay my studies than to deny myself. But it's not an obvious choice either". For these young people, seeking to be accompanied is quite difficult as they emerge from 5 years of study: difficult to imagine redoing specific trainings in social entrepreneurship. Therefore, it is tempting for some of them to embark directly on the adventure when they have made their choice.
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Related content:
​What Inspires Social Entrepreneurs?

​However, more and more European business schools are investing in the Hult Prize contest. Each year, the Hult Prize designates and accompanies a student start-up. In association with the United Nations, the Bill Clinton Foundation and the support of Education First, the winning team is awarded $ 1 million for its innovative and social project. This is enough to have the tools to get started, both in funding and support.

But what about others? Unfortunately, there are still no clear statistics on these students who have become social entrepreneurs. In Belgium, for the past decade, there have been platforms such as Coopcity, which offers tailor-made support programmes: discovering social and cooperative entrepreneurship, knowing the ecosystem, using specific tools to get started, finding financing adapted to the activity, choosing the appropriate governance, communicating on a project, etc. These kinds of platforms are especially useful for their willingness to create important networks, which is one of the biggest challenges for the social entrepreneur. These platforms create a link for actors who wish to engage in social entrepreneurship: project leaders, citizens, local authorities. They develop a rich community.
From the point of view of the Belgian public sector, social entrepreneurship is now completely ingrained in people's minds. Indeed, whether at the local level or at the regional level, the local authorities integrate into their policies and administrations the notion of social entrepreneurship.

Just look at the amount of calls for projects and grants issued by the state. But what about today's positioning of the social entrepreneur in the business world? The multiplication of links between start-ups and large groups shows a clear message: it is a source of innovation, on which the survival of companies depends today. For start-ups, it's about accelerating their growth by building on the strengths of their elders. In exchange for a source of youth and inspiration for groups that need to inject agility and flexibility into their model, to stay at the forefront of innovation. A win-win situation, called "open innovation", in which everyone finds his account. 
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Related content:
Social Entrepreneurship - Is it the New Business Model of Today?

​According to an article by La Libre (03/07/2017), a forgotten element in this collaboration between start-ups and large groups is the social entrepreneur. Yet, present in the programmes of the largest business schools, social entrepreneurship is still struggling to make its way to the directions of innovation and strategy of large companies. Not enough "business", not enough strategic, not-for-profit and therefore no interest for a company?

​A symbolic barrier and some prejudices seem to persist between the start-ups of the social and solidarity economy and their digital cousins, who at first glance appeal to them. However, the success stories of the social and solidarity economy exist and continue to demonstrate the strategic potential of collaborations between social entrepreneurs and large groups. Businesses have a lot to learn from the social entrepreneur's "toolbox". Social entrepreneurs design bottom-up strategies, know how to analyze concrete needs, on which they build agile strategies, and react to rapid changes in social contexts. A fluidity guided by a meaningful mission, which also attracts and retains the young talents of Generation Y, in search of fulfilling professional experiences. Finally, the social entrepreneur is by nature hybrid: he responds to the general interest, while ensuring the economic sustainability of his model. This ambivalence results in an ability to invent economic and financial models that shape the contours of the economy of tomorrow.
It is time to consider social entrepreneurs as levers of innovation for large companies, like classic startups. So far we have seen the positioning of social entrepreneurship in business schools, public sector, support platforms, and the business and industry sectors, but what about the public opinion? In the face of societal challenges, more and more citizens see values as a priority and question the meaning, ethics and responsibility of their actions. Although there is general awareness, the messages criticizing the current economic system are perceived as too negative. It is now time to move towards positive communication, more inspiring and mobilizing. It is important to give more visibility to concrete initiatives that already respond to various societal problems and that show that even small-scale change is possible.

By responding in an innovative way to societal challenges, social enterprises can re-link economic activities and society and provide a vehicle for transition. In conclusion, there is still some way to go about social enterprise, its image and its positioning. It should be noted that during a recent visit to Portugal, the King of Belgium argued that "Social entrepreneurship is now fully integrated into our Belgian economy". So be it!


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The Boost Aid for Social Entrepreneurship through Training /BASET/ Project No. 2017-1-BG01-KA204-036360 has been co-funded by the Erasmus+ Programme of the European Union. 
This website reflects the views only of the author, and the European Commission cannot be held responsible for any use which may be made of the information contained therein.

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