Social Entrepreneurship

Synonyms

Commitment; Devotee work; Obligation; Social entrepreneur; Social problem; Volunteer

Definitions

Social entrepreneurship:

Efforts to solve intractable social problems through pattern-breaking change in what governments, nonprofits, and businesses do to address significant social problems (Light 2008, p. 12).

Social entrepreneurs:

Practitioners who engage in such activity. They are also volunteers, and at least initially, unpaid or minimally paid participants in the nonprofit sector.

Introduction

If articles in the mass print media and on certain websites are any indication, social entrepreneurship has become something of a modern-day hit among morally conscious people eager to solve a particular social problem and, for some of them, possibly to make money in the process. Social entrepreneurship is substantially an altruistic undertaking. These entrepreneurs execute innovative solutions to what they define as social problems, be they local, national, or international. In social...