Perspective of Social Enterpreneurship -Social entrepreneurship involves using business principles to solve social or environmental issues. It focuses on creating sustainable and impactful solutions to address societal challenges. Social entrepreneurs are driven by a mission to make a positive diff...
Social entrepreneurship is an approach that bridges an important gap
between business and benevolence; it is an application of entrepreneurship in
the social sphere. As a field, social entrepreneurship is at a stirring stage of
infancy, little developed on theory and definition but far above the ground on
motivation and passion. The challenge for academia is to turn an intrinsically
experiment-led quest into a more precise and objective discipline. The dare
for practitioners is to increase more awareness, support and participation. To
overcome the situation of challenges there is a need for a simple definition
that generates focus and boosts understanding and thereby builds integrity
and stimulates further query. Social entrepreneurship is defined as a
theoretical and realistic model based on a particular circumstances,
characteristics and outcomes. The entrepreneurial perspective means
identifying the social factors that decide and maintain poverty, marginalization
and exclusion; entrepreneurial characteristics means a direct action started by
a social entrepreneur in the type of new solutions (innovation) for the target
population, perspective or purpose; the entrepreneurial result is a noticeable
and quantifiable social change that can be either small-scale (local) or
large-scale (systemic). While social entrepreneurship initiates at an individual
level, the social enterprise starts as an organizational movement that applies
market mechanisms in order to attain social change.
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