Even even though individuals are increasingly becoming familiar with the term of social entrepreneurship, but most generally they associate it with non-profit organizations. The social entrepreneur is a mission-driven individual who uses a set of entrepreneurial behaviours to deliver a social worth to the less privileged, all via an entrepreneurially oriented entity that is financially independent, self-adequate, or sustainable.
With the social philanthropic efforts of Warren Buffet and Bill Gates gaining a high degree of consideration, and many leaders engaging in activities to market social advocacy, corporations are seeking strategies to also achieve exposure with social entrepreneurship.
In addition to revolutionary not-for-profit ventures, social entrepreneurship can consist of social objective business ventures, such as for-profit community development banks, and hybrid organizations mixing not-for-profit and for-profit components, such as homeless shelters that begin organizations to train and employ their residents.
On the other hand diverse the views are, there is always an agreement that entrepreneurship involves identifying a need and coming up with a way to resolve it. This surely calls for a lot of considering of the experiences that 1 goes by means of on a everyday basis.
The Association to Advance Collegiate Schools of Organization-International (AACSB – International) has identified over twenty-four tertiary level institutions that have incorporated social entrepreneurship as a portion of their enterprise college and or organization curriculums.