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Friday, October 9, 2009

What is Social Entrepreneurship?

(quote from wikipedia.com)

A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Whereas a business entrepreneur ypically measures performance in profit and return, a social entrepreneur assesses success in terms of the impact s/he has on society as well as in profit and return.

The main aim of a social entrepreneurship as well as social enterprise is to further social and environmental goals for a good cause. A social entrepreneur in the 21st century will redefine entrepreneurship as we know it due to their progressive business models.