![]() For a clearer definition of what social entrepreneurship entails, it is necessary to set the function of social entrepreneurship apart from other voluntary sector and charity-oriented activities and identify the boundaries within which social entrepreneurs operate. David Bornstein has even used the term "social innovator" interchangeably with social entrepreneur, due to the creative, non-traditional strategies that many social entrepreneurs use. For this reason, it is difficult to determine who is a social entrepreneur. Social entrepreneurs can include a range of career types and professional backgrounds, ranging from social work and community development to entrepreneurship and environmental science. ![]() Dees argues that social entrepreneurship is the result and the creation of an especially creative and innovative leader. The first group of authors focuses on the person of the entrepreneur, being the mainstream definition. These should be arranged in 5 clusters of meaning, according to the focus given and the conceptual framework assumed by the researcher. Scholars have different backgrounds, generating a great disparity of conceptualizations. The dynamic nature of the object and the multiplicity of the conceptual lens used by researchers has made it impossible to capture it, to such an extent that scholars have compared it with a mythological beast. Despite this, after decades of efforts to find a common ground to define the concept, no consensus has been reached. The concept of social entrepreneurship emerged in the 1980s and since then has been gaining more momentum. Grameen Bank founder and Nobel Peace Prize winner Muhammad Yunus (left) with two young social entrepreneurs (right) ![]() This will help them formulate better strategy and help achieve their double bottom line objective. In recent years, researchers have been calling for a better understanding of the ecosystem in which social entrepreneurship exists and social ventures operate. These websites enable social entrepreneurs to reach numerous people who are not geographically close yet who share the same goals and encourage them to collaborate online, learn about the issues, disseminate information about the group's events and activities, and raise funds through crowdfunding. In 2010, social entrepreneurship was facilitated by the use of the Internet, particularly social networking and social media websites. For example, an organization that aims to provide housing and employment to the homeless may operate a restaurant, both to raise money and to provide employment for the homeless. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.Īt times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in themselves. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". ![]() For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010 that aimed to encourage people to reduce waste and live in a more environmentally conscious way.
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