In today’s world, entrepreneurship is about more than just economic growth; it plays a crucial role in societal development. As the younger generation looks for dynamic and creative roles, the influence of small businesses and start-ups on economies and career paths becomes increasingly clear.
ISDM Graduates: Driving Social Entrepreneurship
In this changing landscape, social entrepreneurship is emerging as a powerful force challenging traditional profit-focused models. Notable among these change-makers are ISDM alumni, such as Karn Singh and Sandeep Kumar. Their stories highlight the potential of social entrepreneurship to create meaningful change from within.
Karn Singh: Oorja Sustainable Solutions LLP
Karn Singh, a graduate from the PGP DM Batch of 2018-19, founded Oorja Sustainable Solutions LLP in Chandigarh. During the second wave of the COVID-19 pandemic, his social enterprise stood out by distributing essential supplies in collaboration with community organizations and care facilities. Karn Singh’s journey demonstrates the positive impact that can occur when profit aligns with community welfare.
Sandeep Kumar: DigiSwastya Foundation
Sandeep Kumar, from the PGP DM Batch of 2020-21, co-founded DigiSwastya Foundation, a telemedicine platform addressing healthcare gaps in Sant Nagar, Uttar Pradesh. By providing online consultations through smartphones and electronic devices, Sandeep’s venture shows how technology can bridge gaps in healthcare accessibility and affordability, embodying the spirit of social entrepreneurship.
The success stories of Karn and Sandeep illustrate the unique approach of The Indian School of Development Management (ISDM). The PGP DM program at ISDM not only teaches essential management skills but also instills a mindset that goes beyond traditional boundaries. Courses on Strategic Innovation of Social Change, Technology and Management, Social Enterprise, and Impact with Scale and Sustainability help students think about existing processes and develop sustainable solutions to societal challenges.
Social Entrepreneurs as Agents of Change
Gregory Dees, often called the ‘Father of Social Entrepreneurship Education,’ describes social entrepreneurs as change agents who adopt a mission to create and sustain social values, pursue new opportunities aligned with that mission, engage in continuous innovation, and demonstrate accountability to those they serve.
New Trends in Social Entrepreneurship
For aspiring social entrepreneurs, staying aware of new trends is essential. Here are some key trends shaping the field:
1. Public-Private Community Partnerships
Social innovation thrives when social purpose organizations (SPOs), the government, and the community work together. Efforts that lack community involvement often fail to be inclusive. Social entrepreneurs, like those trained at ISDM, understand the importance of active participation from all stakeholders to create sustainable solutions.
2. Creating Shared Value
Creating shared value involves maximizing both economic growth and social progress. Social entrepreneurs must focus on community needs, expanding the framework to enhance mutual and social gain. By sharing created value, social enterprises contribute to the overall wealth of knowledge and expertise.
3. Increased Impact Investing
As focus shifts to sectors like healthcare, education, conservation, and renewable energy, impact-based investments become more prominent. Social entrepreneurs are exploring blended fund portfolios that yield financial returns while addressing social and environmental needs, promoting efficient resource allocation.
4. Promise of Technology Adoption
In an era where technology is transformative, social entrepreneurship embraces its potential. ISDM recognizes the importance of technology in solving social challenges, offering courses that empower students to use technology for self-sufficiency, employability, and opportunity creation.
Your Path to Becoming a Change Agent
The dynamic field of social entrepreneurship requires continuous learning and adaptation. ISDM provides aspiring social entrepreneurs with the knowledge, tools, and skills needed to make a profound impact in the social sector. The Post Graduate Program in Development Management at ISDM equips individuals with a thorough understanding of development ideas and management concepts, responding to ever-evolving societal needs.
Shaping the Future of Social Entrepreneurship with ISDM
As the world sees the transformative power of social entrepreneurship, ISDM remains a beacon for those aiming to become change agents. The journey with ISDM goes beyond traditional education, offering a unique blend of management and social development concepts. Aspiring social entrepreneurs equipped with ISDM’s insights and skills are ready to navigate new trends and contribute meaningfully to societal well-being. Join ISDM, and be part of the movement shaping the future of social entrepreneurship.
