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:
“A man’s social and spiritual discipline must answer to his corporeal. He must lean on a friend who has a hard breast, as he would lie on a hard bed. He must drink cold water for his only beverage. So he must not hear sweetened and colored words, but pure and refreshing truths. He must daily bathe in truth cold as spring water, not warmed by the sympathy of friends.”
—Henry David Thoreau (1817–1862)