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Social entrepreneurship, like every other sector, needs to encourage experimentation and risk. The value of this and its impact on innovation is visible in nearly every field from health to education to the agricultural and industrial sectors.
- Starting with Entrepreneurship
- Entrepreneurial Context
- Entrepreneurial Characteristics
- Entrepreneurial Outcome
- Shift to Social Entrepreneurship
- Boundaries of Social Entrepreneurship
- Shades of Gray
- Why Should We Care?
Any definition of the term “social entrepreneurship” must start with the word “entrepreneurship.” The word “social” simply modifies entrepreneurship. If entrepreneurship doesn’t have a clear meaning, then modifying it with social won’t accomplish much, either. The word entrepreneurship is a mixed blessing. On the positive side, it connotes a specia...
The starting point for entrepreneurship is what we call an entrepreneurial context. For Steve Jobs and Steve Wozniak, the entrepreneurial context was a computing system in which users were dependent on mainframe computers controlled by a central IT staff who guarded the mainframe like a shrine. Users got their computing tasks done, but only after w...
The entrepreneur is attracted to this suboptimal equilibrium, seeing embedded in it an opportunity to provide a new solution, product, service, or process. The reason that the entrepreneur sees this condition as an opportunity to create something new, while so many others see it as an inconvenience to be tolerated, stems from the unique set of pers...
What happens when an entrepreneur successfully brings his or her personal characteristics to bear on a suboptimal equilibrium? He or she creates a new stable equilibrium, one that provides a meaningfully higher level of satisfaction for the participants in the system. To elaborate on Say’s original insight, the entrepreneur engineers a permanent sh...
If these are the key components of entrepreneurship, what distinguishes social entrepreneurship from its for-profit cousin? First, we believe that the most useful and informative way to define social entrepreneurship is to establish its congruence with entrepreneurship, seeing social entrepreneurship as grounded in these same three elements. Anythi...
In defining social entrepreneurship, it is also important to establish boundaries and provide examples of activities that may be highly meritorious but do not fit our definition. Failing to identify boundaries would leave the term social entrepreneurship so wide open as to be essentially meaningless. There are two primary forms of socially valuable...
Having created a definition of social entrepreneurship and distinguished it from social service provision and social activism, we should recognize that in practice, many social actors incorporate strategies associated with these pure forms or create hybridmodels. The three definitions can be seen in their pure forms in the diagram to the right. In ...
Long shunned by economists, whose interests have gravitated toward market-based, price-driven models that submit more readily to data-driven interpretation, entrepreneurship has experienced something of a renaissance of interest in recent years. Building on the foundation laid by Schumpeter, William Baumol and a handful of other scholars have sough...
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Mar 2, 2024 · March 2, 2024. 8 mins. What is the risk management in social enterprises? Well, becoming a social entrepreneur isn’t for the faint hearted. A social enterprise is often a business model that’s focussed on a social issue and making a positive change that solves problems for others.
5 days ago · Amy Soricelli. Fact checked by. Ryan Eichler. What Is a Social Entrepreneur? A social entrepreneur is a person who pursues novel applications that have the potential to...
Jul 10, 2023 · Published: 10 July 2023. ( 2023 ) Cite this article. Download PDF. Kun Zhang. 437 Accesses. Explore all metrics. Abstract. Previous studies have mostly analyzed the individual traits that trigger social entrepreneurship while ignoring the impact of such traits on social enterprise innovation.
Nov 1, 2022 · Social entrepreneurship is positively associated with: high levels of public expenditure (Hoogendoorn, 2016), high levels of government activism (Stephan et al., 2015), and high levels of societal collectivism and trust (Pathak & Muralidharan, 2016).
Dec 8, 2014 · Growing disillusionment of for-profit business models has drawn attention to social entrepreneurship and social innovation to ease social issues. Adopting a systematic review of relevant research, the article provides collective insights into research linking social innovation with social entrepreneurship, demonstrating growing interest in the ...
