Social Entrepreneurship And Social Innovation

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Social Entrepreneurship The term “social entrepreneurship” first appeared in the scholarly literature over 35 years ago in a publication titled The Sociology of Social Movements (Banks,1972). However, Social entrepreneurship has its origins in the eighteenth and nineteenth centuries when philanthropic business owners and industrialists like Robert Owen, demonstrated a concern for the welfare of employees by improving their working, schooling and cultural lives. Since then, social entrepreneurship has been associated with community enterprise and development, education, churches, charities, the not-for-profit sector and voluntary organisations. (Shaw & Carter, 2007) Dees (1998) defined social entrepreneurship as the production of social value by individuals with: • A mission to create and sustain social value, as change agents in the social sector; • The relentless pursuit of new opportunities to serve that mission; • A commitment to the process of continuous innovation, adaptation, and learning; • The readiness to act boldly without being limited by resources currently in hand; • Heightened accountability to the constituencies served and for the outcomes created (Light, 2009). This definition lays emphasis on the need to produce social value by instilling various behaviours and attitudes on an individualistic level. Dees has accurately defined the exact characteristics of general entrepreneurial behaviour in the definition. I feel that this is the most ideal definition of
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