Social
entrepreneurship refers to the practice of combining innovation, resourcefulness and
opportunity to address critical social and environmental challenges.
Social
entrepreneurs focus on transforming systems and practices that are the root causes of
poverty, marginalization, environmental deterioration and accompanying loss of
human dignity. In so doing, they may set up for-profit or not-for-profit
organizations, and in either case, their primary objective is to create
sustainable systems change.
The key concepts of social entrepreneurship
are innovation, market orientation and systems change.
Social
entrepreneurs are drivers of change. Together with institutions, networks, and
communities, social entrepreneurs create solutions that are efficient,
sustainable, transparent, and have measurable impact.
Social entrepreneurs are united by their
ability to:
- Adopt a mission to create and sustain social value (not just commercial value)
- Recognise and relentlessly pursue new opportunities to serve that mission
- Engage in a process of continuous innovation, adaptation, and learning
- Act boldly without being limited by resources currently in hand, and
- Exhibit a heightened sense of accountability to the constituencies served and for the outcomes created.
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