What is social entrepreneurship?
What is social entrepreneurship?
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Neha Rawat
Entrepreneurship in itself is a creative process of innovating new products, fulfilling customer expectations and filling gaps. When these entrepreneurs take up social challenges and proceed to resolve social issues through their innovative ideas, they are addressed as social entrepreneurs.
Social entrepreneurship is the process of recognising and pursuing opportunities to create social value. These people are innovative, resourceful and result oriented. They draw upon the best thinking in both the business and non- profit worlds to develop strategies that are expected to maximise their social impact. They operate in all kinds of organisations; large and small; new and old; religious and secular; profit and non-profit, and hybrid.
Social entrepreneurs often seem to be possessed by their ideas, committing their lives to change the direction of their field. They are both visionaries and ultimate realists, concerned with the practical implementation of their vision above all else. Each social entrepreneur presents ideas that are user-friendly, understandable, ethical, and engage widespread support in order to maximize the number of local people that will stand up, seize their idea, and implement with it.