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Social Entrepreneurs in Entertainment

OBJECTIVE

  • Identify social entrepreneurs in the entertainment industry.
  • Examine the role of social entrepreneurs and the benefits provided to society.

What is a Social Entrepreneur?

A social entrepreneur is a person who takes up a pressing social issue and meets it with an innovative business idea that has the potential to solve community-based problems. These individuals are willing to take on the risk of a new business idea to create a positive change in society through their initiatives and entrepreneurial skills.

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The main goal of a social entrepreneur is not to earn a profit, but rather to implement widespread improvements in society. However, a social entrepreneur must still be financially savvy to succeed in his or her cause.

INSTRUCTIONS

Read the following articles:

5 Celebrities Running Businesses That Give Back

Top 10 Celebrities Impacting the World Through Social Enterprise

After reading the articles above choose a social entrepreneur listed, or another social entrepreneur of your choice in the entertainment industry and answer the following questions:

  1. Who is the entrepreneur that you selected? What is their background, what social business have they started?
  2. Are there fundamental differences between a social vs. a for-profit entrepreneur?
  3. Are there fundamental differences in the people who go to work for a social startup versus a for profit startup?
  4. In the for-profit world, you keep score with sales revenue—how do you keep score in the not-for-profit world?
  5. How can social entrepreneurs attract talent when there aren’t high salaries and options?
  6. Why do prominent business people move into social entrepreneurship?
  7. What are the things that keep potential social entrepreneurs from succeeding to fulfilling their potential? What could government or society do to encourage more social entrepreneurship?

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