Social entrepreneur + Social mission + Social purpose venture = social entrepreneurship
Social entrepreneur: Someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change (social purpose venture)
They are…
Ambitious
Mission Driven
Strategic
Resourceful
Results Orientated
Social Economy
Non profit
Charities
Foundations
Cooperatives
Credit unions
social enterprises
Volunteer associations
Service associations
Social enterprise v.s. Charities
Business Approach: SE’s usually make profits than put the money back to the society
Legal Structures: SE’s have more cooperative or governmental structures
External Finances: SE’s have a wide range of investment resources
Social Enterprise Summary
SE is about FINANCIAL AND SOCIAL RETURNS
SE seek to achieve SOCIETAL CHANGE using INNOVATIVE approaches
SE have both SOCIALLY and ECONOMICALLY IMPACTS