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Understanding Social Entrepreneurship

Social entrepreneurship involves using entrepreneurial approaches to deliver social value to less privileged groups through financially self-sufficient organizations. Social entrepreneurs operate using one of two strategies - non-profit organizations that generate revenue to further their social missions, or for-profit social businesses where entrepreneurs can gain personally but the organization remains mission-driven. While social entrepreneurship has grown in practice, the lack of a common definition and theoretical framework has impeded research in this emerging field. Future research should link social entrepreneurship theory to existing entrepreneurship theory and introduce new questions at the intersections with related domains like social innovation and non-profit management.

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Basalul Jamaluddin
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46 views2 pages

Understanding Social Entrepreneurship

Social entrepreneurship involves using entrepreneurial approaches to deliver social value to less privileged groups through financially self-sufficient organizations. Social entrepreneurs operate using one of two strategies - non-profit organizations that generate revenue to further their social missions, or for-profit social businesses where entrepreneurs can gain personally but the organization remains mission-driven. While social entrepreneurship has grown in practice, the lack of a common definition and theoretical framework has impeded research in this emerging field. Future research should link social entrepreneurship theory to existing entrepreneurship theory and introduce new questions at the intersections with related domains like social innovation and non-profit management.

Uploaded by

Basalul Jamaluddin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

AMIRUL AFIQ BIN ABDULLAH

What do you understand about Social Entrepreneurship?

The social entrepreneur is a mission-driven individual who uses a set of


entrepreneurial behaviours to deliver a social value to the less privileged, all
through an entrepreneurially oriented entity that is financially independent, selfsufficient, or sustainable.
Social entrepreneurs operate within the boundaries of two business
strategies: Firstly, Non-profit with earned income strategies: a social enterprise
performing hybrid social and commercial entrepreneurial activity to achieve selfsufficiency. In this scenario, a social entrepreneur operates an organization that
is both social and commercial; revenues and profits generated are used only to
further improve the delivery of social values.
Secondly, For-profit with mission-driven strategies: a social purpose
business

performing

social

and

commercial

entrepreneurial

activities

simultaneously to achieve sustainability. In this scenario, a social entrepreneur


operates an organization that is both social and commercial; the organization is
financially independent and the founders and investors can benefit from personal
monetary gain.
Social entrepreneurship has recently emerged as a field of academic
inquiry, but the lack of a common definition of social entrepreneur impedes
research in this field. In this article, we reviewed literature that defined profitoriented entrepreneurship and social entrepreneurship in order to extract the
core characteristics of each type. We then proposed a definition of social
entrepreneurship, which contributes to the literature on social entrepreneurship
by clarifying and bounding the scope of research in this field.
Social entrepreneurship has flourished significantly at the practical level,
but not at the theoretical level. Future research should focus on linking social
entrepreneurship as a new discipline and research field to the theory of
entrepreneurship. Scholars should also focus their attention on introducing new
research questions that are meaningful to the different domains that intersects

AMIRUL AFIQ BIN ABDULLAH


with social entrepreneurship, including social innovation and the management of
non-profit organizations.

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