Tuesday, November 03, 2009

Age of Social Entrepreneurship

Social entrepreneurs are obsessed with solutions as much as they are with execution. They have the ideas and they are dedicated to implementing them. These are the people who change the world. The platform for social entrepreneurship is the not-for-profit corporation.

Renowned management expert Peter Drucker estimates that more than 800,000 not-for-profit organizations have been established over the past 30 years.

Bill Drayton, Founder of Ashoka: Innovators for the Public says, "We're in this wonderfully creative period where it is the time to build the intelligent institutions that will support a competitive social half of society. To my mind, the single major evolutionary task that our generation faces is developing the democratic revolution's institutions beyond business in the social arena. And people are getting the idea that they can have a career doing this."

Ashoka was founded in 1980 by Bill Drayton in Washington, DC. The organization started with an annual budget of $50,000, and by 2006, had grown to nearly $30 million. Ashoka has established programs in over 60 countries, employs 160 staff in 25 regional offices throughout Africa, the Americas, Asia, Europe, the Middle East, and North Africa.

Read about the journey of Bill Drayton and Ashoka at TheAtlantic.com

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