Development of BoP needs creating a level playing field through entrepreneurship. This means training rural enterprises in leadership and managerial skills.
Localization of products and services is chiefly instrumental in creating sustainable social value for local populace. Social innovation is the underlying force behind this localization.
Quantitative data collection coupled with qualitative observations is the best way to assess the effectiveness of your impact program. The challenge for social enterprises is to move away from an “output” driven focus towards a more “impact” or “outcome” driven focus.
Developing the Bottom of the Pyramid (BoP) community as producers is incomplete without giving access to marketplaces. Sustainable Development can be ensured if social entrepreneurs focus on developing BoP as Producers.
India needs social enterprises who rise at the grass root level, understand the problems of disadvantaged communities more intimately and innovate solutions sharply focused on various problems faced by them.
People at the Bottom of the Pyramid should be empowered to challenge their status quo and beat poverty. This can only happen when they can participate in the economy as producers. Social entrepreneurs have a major role to play here.
Social enterprises by the very nature of their purpose are not poised to scale exponentially. This means that the most effective way for them to achieve large-scale social impact is to collaborate with each other and with different stakeholders across the impact ecosystem.
WASH innovation cannot work in a silo. It needs to work in tandem with positive interventions like awareness through seminars and village level events to help people become more vocal about their problems and make the impact more sustainable.
India can truly realize her potential only if she builds an inclusive economy. We believe government alone cannot do this. We need social entrepreneurs to step in.
India ranks 34th on awareness about social entrepreneurship. Complex nature of business, lack of success stories and inability to attract talent are some of the main reasons for this.