Social Entrepreneurship: Social Responsibility And Social Entrepreneurship

815 Words4 Pages
PA 5529 – Social Responsibility and Social Entrepreneurship
Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry - Bill Drayton, founder of Ashoka Changemakers
Social Entrepreneurship – How different it is from the “regular”
The term social refers to an inclusive and holistic approach towards the society. Generally, social development has been related with promoting the well-being and progress of the public and the community at large. Human tendency is usually inclined towards pursuing personal gains over societal benefits. Thus, the processes and the systems created by us, the humans, to serve the people are often biased. The role of social development is to check this tendency, bring more balance and protect the larger interest within the population.
On the other hand, entrepreneurs are talented and risk-taking opportunity seekers who are committed to find creative and innovative solutions to challenging problems, making best use of the resources and talents at their disposal, thereby creating value for the society and wealth for himself. Social entrepreneurs are those counterparts of business entrepreneurs, who work on problems having societal relevance. Apart from possessing entrepreneurial traits like ambition,
…show more content…
The social innovation school of thought emphasizes that viewing social entrepreneurship is establishing new and effective ways to address societal problems. Irrespective the method they adopt and the way they function, ultimately the thing that matters the most is the social value that they create. It is all about innovation and impact, and not about commercial success or entrepreneurship. Though income strategies and bottom line are important and key to sustainability, it can never be more important than the desired or intended social

More about Social Entrepreneurship: Social Responsibility And Social Entrepreneurship

Get Access