Many people think of social entrepreneurship mostly in regards to solving problems in underdeveloped nations, problems that caused by poor national finance, like lack of access to food, clean water and medicines. But in developed nations, it’s also easy to find some issues that may lead these countries to a social entrepreneur approach, like environmental degradation, and economic inequality.
Otherwise Social entrepreneurship traditionally has been studied in the US, many forerunners operate in developing countries that have no structures or resources to support and start traditional entrepreneurship. Accordingly, social entrepreneurship creates novel business models, organizational structures, and strategies for overcoming limited and disparate resources to create social value for the whole society. It therefore relies on individuals who are exceptionally skilled at managing and utilizing resources effectively: human, financial, and political.
Social entrepreneurship paves the way for younger generation that they may be allowed to satisfy their own needs better than what we are able to satisfy even the basic needs of today’s population. It gives the leaders of global corporations a unique opportunity to learn and create new collaborative efforts that are in the corporations’ own economic interest, while at the same time creating social value.
Citation:
“What Is a Social Entrepreneur?” Ashoka. N.p., n.d. Web. 11 Nov. 2014.
https://www.ashoka.org/social_entrepreneur>.
“Social Entrepreneurship.” Wikipedia. Wikimedia Foundation, 28 Oct. 2014. Web. 11 Nov. 2014. <http://en.wikipedia.org/wiki/Social_entrepreneurship>.
“Tilt: The Social Initiative.” What Is a Social Entrepreneur? N.p., n.d. Web. 11 Nov. 2014. <http://www.csef.ca/what_is_a_social_entrepreneur.php>.