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:
“Let us hope ... that by the best cultivation of the physical world, beneath and around us; and the intellectual and moral world within us, we shall secure an individual, social and political prosperity and happiness, whose course shall be onward and upward, and which, while the earth endures, shall not pass away.”
—Abraham Lincoln (1809–1865)