1. EC15: Social Enterprise 8. Social Entrepreneurs Marcus Thompson University of Stirling

2. Drucker on Entrepreneurs `Entrepreneurship is based upon the same principles, whether the entrepreneur is an existing large institution or an individual starting his or her new venture single-handed. It makes little or no difference whether the entrepreneur is a business or a non-business public-service organisation, nor even whether the entrepreneur is a government or non-government institution. The rules are pretty much the same, and so are the kinds of innovation and where to look for them. Management. 'Druker, P. F. (1985) Innovation and Entrepreneurship, New York: Harper Row.

3. Entrepreneurial Venture Characteristics Goal orientatedVisionary Motivated to growOpportunistic ProactiveInnovative FlexiblePrepared to take risks Tolerant of failureInformal / Collegial Enjoyable fun placeResponsive to feedback (Timmons, 2002)

4. The Entrepreneurial Organization 1.Innovative 2.Prepared to take risks 3.Proactive 4.Close to the market 5.Responsive to customer needs

5. The Entrepreneurial Organization Much faster at innovation Quality and service conscious Flatter structure Has many (more than normal) autonomous units Uses highly trained, flexible people

6. Cultural Attributes EntrepreneurialProfessional External FocusInternal focus Task orientatedStatus orientated Risk takingSafety conscious Group rewardsIndividual rewards CompetitionCo-operation Commitment to MissionCommitment to the Organization Knowledge valuedProcedures valued

7. New Themes in Leadership Less Emphasis OnMore Emphasis On PlanningVision/Mission Allocation of ResponsibilityInfusing Vision ControllingMotivating /Inspiring Power RetentionEmpowerment Creating ComplianceCreating Commitment ContracturalStimulating Effort DetachmentInterest in Others Reactive to EnvironmentProactive

8. Characteristics of a Social Entrepreneur Innovation Reach & Scope Replicability Sustainability Direct & Positive Impact Role model Mutual Added Value Schwab Foundation