Interview Analysis of a Social Entrepreneur
The significance of social entrepreneurship has been less recognized in the world of economic interventions and benefits. Hence, it is highly significant to identify the role of social entrepreneurship in the activity of achieving higher changes and wellbeing in the contemporary market. In the opinion of Rawhouser et al. (2019), the platform of social entrepreneurship has been a place of conjoining activities and efforts to take steps towards building a better and sustainable society. Bill Drayton, one of the greatest social entrepreneurs in the world has been a steady example of generating highest degree of change in the world through his minute steps and finally gaining huge degree of success and accomplishment through the foundation of “Ashoka: Innovators for the Public” (Chell et al., 2016). Thus, the essay has been formulated based on the finding that has been gathered from the interview of Bill Drayton. The interview has been able to provide a proper background and significant entrepreneurial activities of Bill Drayton. He has provided a vast detailed delineation of the models that is introduced in his course of work. A critical reflection of the observations made from the interview is also taken into account to provide recommendation for success of his future endeavor.
Background and Entrepreneurial Activities of Bill Drayton
Bill Drayton has identified the identification of the major prerogative that is social entrepreneurship and it is through his identification that the term has been published first in 1972. He was born in the city of New York and was included in the top 25 social entrepreneur list in accordance with the report of U.S. News & World Report in the year 2005. Both his parents were associated with social works and it is for this reason that the value of ethics and social responsibilities are highly administered and practiced in the family. In the opinion of Phillips et al. (2015), he has been able to establish the Asia Society during his active period as a social wellbeing in high school. When he attended Harvard for his Bachelor Degree, he was successful in formulating his path for making the Ashoka Table. He has attended absolute success in the formation of the Ashoka Table by bringing in significant personalities related to governmental regulations along with the church and union leaders. He has been able to achieve the body for social regulations for the Ashoka foundation by generating a strong body due to the involvement of the students. This student body union formulated by Bill Drayton has been useful to identify the cause and result of Ashoka: Innovators of the Public.
Key Drives, Success Factors and Barriers of Bill Drayton
Being a social entrepreneur, the highlighting key drive of Bill Drayton was the establishment of the successful formulation - Ashoka and thereby identified the mission of making a change in the world. Drayton has been extremely interested in founding his own institution for the establishment of social entrepreneurship opportunities and this has been effective for him to provide the world where a competitive citizen desire is there to become a change maker. According to Zahra, S. A., & Wright (2016), the factor that has led Bill Drayton to achieve this success is the greed and zeal to mitigate inequality of income from the social strata through the glorification of social entrepreneurship. The primary success factor for him has definitely been the Ashoka: Innovators of the Public that facilitates stipends for fellows who after pursuing the course can use the definite stipend to spend the money for their daily expenses and for research purpose (Rahim & Mohtar, 2015). In the formulation of Ashoka, Drayton has overcome several barriers that incorporate that inability to provide resources useful for this social identification and welfare. He has said that it is extremely difficult to introduce a new concept to the world that is new to them. Thus, the major barrier other than the economic instability is to identify the way in which he can introduce his concept to the world because change is highly detested by most human beings.
Entrepreneurship Process Model for Bill Drayton
On a general scale, there remain numerous models to recognize the significance of social entrepreneurship in the society, which in turn provides a proper framework for the execution of the business plan. Bill Drayton has exemplified through the interview and through his delineations for his foundation of Ashoka that there are no specific models that has been used by him in his generation of the idea that he wanted to see in the world through the glorification of social entrepreneurship. In the opinion of Drayton & Gabriel (2016), it is therefore through his achievements, success and constant struggle to promote his business foundation idea that he has been able to gather the requirements that are crucial in the formulation of a major idea. However he has added that looking back to his journey, he has identified certain models that has been incorporated in his foundational idea of business development. He has recognized that he has applied the social entrepreneurship model of employment that is significant in recognizing the opportunities of employment to those people who are in need of one. Thus, the development of Ashoka has been extremely important for providing the fellows a proper job opportunity in the field of social entrepreneurship.
Reflection of Notations based on the Literatures
In the opinion of Goll (2018), the intention and achievement of Bill Drayton has therefore been extremely significant in order to make a prominent alteration in the world. He has been able to apply his passion of social welfare in converting it to his business ideals. Thus, Drayton’s activities are relevant and crucial in the time of painful historical transition and identification of opportunities that are never practiced. He has been highly successful in achieving his endeavor and making the change that is required in the time of evolving requirements and technological advancements. Thus, he has readily done his part to understand the gap in the social strata. However according to the pieces of literature attained, it can be clearly advised that Bill Drayton can gain market penetration everywhere based on significant marketing strategies and effective skillful planning. Drayton has a scope of expanding the business across global markets through marketing ventures and platforms that can help higher number of people to recognize his initiative of social entrepreneurship.
Drayton has been able to create a major success story in the field of social entrepreneurship and he has been able to make a proper change through his collective effort to formulate the Ashoka: Innovators of the Public. The essay has been formulated based on the interaction with Bill Drayton through a telephonic interview where he has mentioned several instances regarding his journey as a social entrepreneur and his innovative aims that has helped him to achieve the degree of success. Through his actions to make a change in the world he has been able to provide a major scope of employment for the people who are willing to contribute to the cause of social entrepreneurship. Hence, Bill Drayton is recognized as one of the most successful social entrepreneurs in the world who has been successful in identifying the social issues that needs to be reformed and he has been a major example of such an endeavor.
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Drayton, B., & Gabriel, P. (2016). Social entrepreneurship and innovation: International case studies and practice. Kogan Page Publishers.
Goll, I. (2018). Social entrepreneurship and the institutional environment. International Journal of Social Entrepreneurship and Innovation, 5(2), 95-105.
Phillips, W., Lee, H., Ghobadian, A., O’Regan, N., & James, P. (2015). Social innovation and social entrepreneurship: A systematic review. Group & Organization Management, 40(3), 428-461.
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Rawhouser, H., Cummings, M., & Newbert, S. L. (2019). Social impact measurement: Current approaches and future directions for social entrepreneurship research. Entrepreneurship Theory and Practice, 43(1), 82-115.
Zahra, S. A., & Wright, M. (2016). Understanding the social role of entrepreneurship. Journal of Management Studies, 53(4), 610-629.