Social Entrepreneurship

2389 Words Mar 15th, 2015 10 Pages
What is social entrepreneurship?
The animation is made to explain the concept of social entrepreneurship to the general public and raise awareness of the importance of this type of business....

Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems.This concept may be applied to a variety of organizations with different sizes, aims, and beliefs.
Conventional entrepreneurs typically measure performance in profit and return, but social entrepreneurs also take into account a positive return to society. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals is often associated with the voluntary sector. At times, profit also may be a
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Social entrepreneurs recognize immediate social problems, but also seek to understand the broader context of an issue that crosses disciplines, fields, and theories.[6] Gaining a larger understanding of how an issue relates to society allows social entrepreneurs to develop innovative solutions and mobilize available resources to affect the greater global society. Unlike traditional corporate businesses, social entrepreneurship ventures focus on maximizing gains in social satisfaction, rather than maximizing profit gains.[7] Both private and public agencies worldwide have had billion-dollar initiatives to empower deprived communities and individuals.[6] Such support from organizations in society, such as government-aid agencies or private firms, may catalyze innovative ideas to reach a larger audience.
Prominent innovators associated with the term include Pakistani Akhter Hameed Khan and Bangladeshi Muhammad Yunus. Yunus was the founder of Grameen Bank, which pioneered the concept of microcredit for supporting innovators in multiple developing countries in Asia, Africa, and Latin America.[8] He received a Nobel Peace Prize for his efforts and also inspired programs such as the Infolady Social Entrepreneurship Programme.[9][10][11] Others, such as Stephen Goldsmith,
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