Social entrepreneurship describes an entrepreneurial venture that aims to achieve a desired social change.
Business entrepreneurs typically measure performance in profit and return, but social entrepreneurs also take into account a positive return to society. Social entrepreneurship typically furthers broad social, cultural, and environmental goals and is commonly associated with the voluntary and not-for-profit sectors. Profit can at times also be a consideration for certain companies or other enterprises.
Social entrepreneurship practised in a world or international context is called international social entrepreneurship. See also Corporate social entrepreneurship.
Read more about Social Entrepreneurship: History, Current Practice, See Also, Further Reading
Famous quotes containing the word social:
“Smitten as we are with the vision of social righteousness, a God indifferent to everything but adulation, and full of partiality for his individual favorites, lacks an essential element of largeness.”
—William James (1842–1910)