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Social Entrepreneurship Verified A+
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Social Entrepreneurship Verified A+ social entrepreneurship ️a process by which citizens build or transform institutions to advance solutions to social problems, such as poverty, health, illiteracy, inequality, environmental destruction, human rights abuses and corruption, in order to make ...

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  • September 25, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • social entrepreneurship verified a

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  • Social Entrepreneurship Verified A+
  • Social Entrepreneurship Verified A+

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Social Entrepreneurship Verified A+
social entrepreneurship ✔️a process by which citizens build or transform institutions to advance
solutions to social problems, such as poverty, health, illiteracy, inequality, environmental destruction,
human rights abuses and corruption, in order to make life better for many

SUSTAINABLE; create independence

importance of technology

brings about change

looking for solutions



creative destruction ✔️replaces the old long term, only way to improve

Schumpeter

why social entrepreneurship can be so controversial, because it breaks the old patterns



Schumpeter ✔️it's not about prices; it's about innovation

entrepreneurship should be at the center of economics

creative destruction

economic life is about constant change



enterprise development ✔️business with a social purpose, as a social goal

entity with a common purpose

solving a social problem

organized to be profit-making

hierarchical fashion

limited to owners and employees



innovation ✔️a new method, idea, or purpose

, visionaries, humanitarians, philanthropists, reformers, saints, great leaders ✔️visionaries: a person
with original ideas about what the future will or could be like e.g., Bill Drayton (Ashoka)

humanitarians: a person who seeks to promote human welfare e.g., Veronica Khosa

philanthropists: promotes welfare thru $$ (Bill Gates/Warren Buffet)

reformers: Gloria de Souza (first Ashoka fellow = reformed schools in India)

saints: St. Francis of Assisi (religious reason for their actions)

great leaders: Woodrow Wilson (political realm); Wangari Maathai (Green Belt Movement)



LLC ✔️not personally responsible as an individual for failures of company

allows for bankruptcy and thus you can take risks



social responsibility ✔️"to do good"



private responsibility ✔️



non-profit sectors ✔️only exists in countries with developed tax law systems



NGOs ✔️organization with a mission

voluntary (not forced)



private, not public - can receive government funding but can also receive money from other places

members are individuals or associations: assumes role of active citizenship

common purpose: goal oriented and mission driven

non-violent means

non-profit means (tax status)



charities ✔️motivation: kindness, desire to be helpful to needy

religious element

member donations

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