What Is Entrepreneurship?
Process
of creating value by bringing together a unique package of resources to exploit
an opportunity.
What Is
Social Entrepreneurship?
Process
of creating value by bringing together a unique package of resources to exploit
an opportunity, in pursuit of high social returns.
·
A social entrepreneur is someone who recognizes
a social problem and uses entrepreneurial principles to organize, create,
and manage a venture to make social change….rather than bringing a concept to
market to address a consumer problem, social entrepreneurs attempt to
bring a concept to market to address a public problem.
·
Social entrepreneurship takes many forms, but at
it’s core is characterized by a leaders’ sense of social consciousness and a
desire to make a positive impact on society
·
Social entrepreneurs combine innovation,
entrepreneurship, and social purpose and seek to be financially sustainable by
generating revenue from trading
·
The primary difference between Commercial
Entrepreneurship and Social Entrepreneurship is not the entrepreneurial
process, but the denomination of the rewards (from the created value) sought
·
Exhibit heightened sense of accountability to those
served for outcomes and their impact
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