Social entrepreneurship
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs.
Concept[edit | edit source]
Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in itself.
Characteristics[edit | edit source]
Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. They are ambitious and persistent — tackling major social issues and offering new ideas for wide-scale change. Rather than leaving societal needs for the government or business sectors to address, social entrepreneurs find what is not working and solve the problem by changing the system, spreading the solution, and persuading entire societies to move in different directions.
Types of Social Entrepreneurship[edit | edit source]
Social entrepreneurship can be categorized into the following types:
- Non-profit ventures: These are organizations that direct surplus in order to achieve its mission. This is the most common form of social entrepreneurship, as profit is not the primary goal.
- Hybrid Non-profit: These are organizations that are a mix of non-profit and for-profit ventures. They make profits to sustain their goals, but do not look for long-term profit maximization.
- Social business ventures: These are organizations that are both social and profit-making. They aim to make a profit and invest these profits in a socially responsible manner.
Challenges[edit | edit source]
Social entrepreneurs face unique challenges in delivering the social value, social returns or profits for which they are striving. These obstacles include a lack of clear-cut paths to understanding market dynamics and the need for a double bottom line, a blend of financial and social values.
See also[edit | edit source]
References[edit | edit source]
Social entrepreneurship Resources | |
---|---|
|
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
WikiMD's Wellness Encyclopedia |
Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD