Social Entrepreneurship

SOCIAL ENTREPRENEURSHIP

by Anton Antonio

July 10, 2015

A quick research for a definition of the term “entrepreneurship” would more likely end with this definition: “Entrepreneurship is the process of starting a business, a start-up company or other organization.  The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure.  Entrepreneurship operates within an entrepreneurship ecosystem.”  Perhaps, the term “entrepreneurship ecosystem” will also have to be defined… Entrepreneurship ecosystem refers to the elements --- individuals, organizations or institutions --- outside the individual entrepreneur that are conducive to, or inhibitive of, the choice of a person to become an entrepreneur, or the probabilities of his or her success following launch.

Having characterized entrepreneurship, what then is “social entrepreneurship”?  Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems.  This concept may be applied to a variety of organizations with different sizes, aims, and beliefs.

The last twenty years, social entrepreneurship has grown considerably in terms of popularity and acceptance.  Social entrepreneurs are individuals with out-of-the-box and innovative solutions to society’s most common social problems.  They are usually ambitious, hard working, persistent, and possess managerial courage in squaring up to major and even difficult social concerns.  Social entrepreneurs are the more viable alternative to government and the business sector when it comes to solving social problems.  Their basic advantage is their immersion into the community they work with.  They are looked up to as agents of social change in specific organizations, groups and communities.  It is said that there is nothing as positively powerful as a novel and pioneering idea in the hands of a first-class social entrepreneur.  Besides, the more effective environmental advocates and activists come from a sector that also encourages social entrepreneurship.

Just my little thoughts…

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