Zara Khan, the Beyond Profit DC representative, reports from Leadership for a Better World.
With the recession still looming in the background, many recent graduates are looking towards “socially responsible” businesses rather than Wall Street. If job security is widespread across industries, then why not do something “good?” But what happens when everybody wants to do something good?
Socially responsible businesses are receiving record applications from often times overly-qualified individuals. It is becoming more difficult to land the less risky job with an established, socially responsible blue-chip firm. And thus the opportunity cost social entrepreneurship has decreased. But does that mean that there will be more social entrepreneurs? Not necessarily, because it is not willingness to take risk is that separates a social entrepreneur from an overachiever, but rather optimism according to Professor Paul C. Light, Paulette Goddard Professor of Public Servie, Wagner School at NYU.
He defines social entrepreneurship as “innovative activity designed to solve an intractable problem.” So is one born with this entrepreneurial ethic, or does it develop over time? “Sometimes you just know it when you see it. Sometimes it comes from being oppressed within an organization,” says Light. Regardless of where it comes from, social entrepreneurship is a continuing battle. “The trick isn’t to innovate once, but twice, three times and continue onward adapting and changing.”