Innovation In Social Entrepreneurship (1)

While the extraordinary industrial and technological innovations of recent decades have led to many breakthroughs, they have also left us to confront an uncertain future. With real threats of environmental and economic collapse, terrible diseases, overpopulation and poverty, we have much to overcome. Our best hope for the future of humanity lies in the power and effectiveness of socially motivated, highly empowered individuals who fight for changes in the way we live, think and behave. This article puts forward a view of social entrepreneurship as a process that catalyzes social change and addresses important social needs in a way that is not dominated by direct financial benefits for the entrepreneurs. Social entrepreneurship is seen as differing from other forms of entrepreneurship in the relatively higher priority given to promoting social value and development verses capturing economic value. Just as entrepreneurs change the face of business, social entrepreneurs act as the change agents for society, seizing opportunities others miss to improve systems, invent new approaches, and create solutions to change society for the better while such growth is highly desirable, a number of hurdles have to be overcome.

. How Social Entrepreneurs Can Create Impact for a Better World, 2020

2019

Entrepreneurship is “The system of making fee through bringing collectively a unique package deals of sources to exploit an opportunity” (Forbat, 2007). The main aim of traditional entrepreneurship is to maximize profits and shareholders wealth. How social entrepreneurship concept is applied to real world situations ranges tremendously. We believe that in this rapidly growing and changing society, people will continue to become more and more socially aware and responsible. We believe with the emergence of these new mindsets and practices, social entrepreneurs have bright futures ahead of them. Additionally, we believe that not only will this new, rapidly changing atmosphere bring success to social entrepreneurs, but also will forever change the way we do business. Through a brief historical overview and social entrepreneurship’s functions, we were able to develop our own definition of what social entrepreneurship means, in our minds. Our idealized, brief definition of social entrepr...

International Journal of Research - Granthaalayah, 2016

Social entrepreneurship is the use of the techniques by startup companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices, but social entrepreneurs are either non-profits or blend for-profit goals with generating a positive "return to society" and therefore must use different metrics. 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. This article builds on the literature to define social entrepreneurship, discusses the boundaries of sociallyoriented entrepreneurial activities, and positions the social entrepreneur in the spectrum of entrepreneurship.

2014

Social Entrepreneurship is undoubtedly a very promising avenue for effecting social change. But the very efficiency that is its hallmark is also a critical cause for concern. The most common way as Prahalad defined the motive behind Social Entrepreneurs included the desire to change society and discomfort with the status quo as the main stimuli for SEs to innovate .This makes them more sensitive to entrepreneurial opportunities that deal with social problems and unsatisfied social needs. Social Entrepreneurs create value by building portfolios of resources to address unmet social needs. To a large extent from the literature available it can be said that certain factors guide and direct the working, functioning and sustainability of SE like background of the social entrepreneur and his aptitude and experience, orientation , understanding , collaborative skills and leadership and their background, the problem that is to be solved which decides the opportunity, the form of organization...

Stanford social innovation review, 2007

2011

Frontmatter More information social entrepreneurship Social Entrepreneurship: Theory and Practice is about the creative ways in which social entrepreneurs solve pressing and insurmountable social problems. Theories of social change are presented to help demystify the "magic" of making an immense, yet durable and irreversible, social impact. Utilizing case studies drawn from various fields and all over the world, the authors document how social entrepreneurs foster bottom-up change that empowers people and societies. They also review the specific personality traits of social entrepreneurs and introduce the new kind of leadership they represent. This book will be valuable to undergraduate, graduate, and postgraduate students while remaining accessible to nonacademic readers thanks to its clear language, illustrative case studies, and guidelines on how to become a successful social entrepreneur.

Social entrepreneurship is an emerging trend in business. Social entrepreneurship combines innovation, creativity and opportunity in order to address some crucial and critical social and environmental challenges. It is an altruistic form of entrepreneurship that aims at providing certain benefits to the society. The concept of social entrepreneurship may be applied to number of organizations with different sizes, beliefs, goals and targets. Gaining a better understanding of how an issue relates to a society helps social entrepreneurs in developing innovative solutions and mobilizing all the available resources to affect the society at large. Social entrepreneurship focuses on maximizing gains in social satisfaction and empowering deprived communities and individuals. This paper is an attempt to understand the concept of Social entrepreneurship and highlight its role and importance in convalescing the social and business scenario in India.

Social entrepreneur are genius, creative and innovative individuals who respond to the local problems by engaging their community in solving them to accelerate sustainable socia understanding how social entrepreneurs create social value in the community. The paper is based on publicly available profiles of Fellows of Ashoka. We selected one sample out of five Ashoka fellows from Tanzania as case study representing how social entrepreneurs create social value. The findings reveal that social entrepreneur identify problems which hinder social and economic development of the poor and marginalized group in the community and provide solutions to

Academia Letters, 2021