Social entrepreneurship
Social Entrepreneurship
Social entrepreneurship (/ˈsoʊʃəl ˌɑːntrəprəˈnɜːrʃɪp/) is a concept that combines the passion of a social mission with an image of business-like discipline, innovation, and determination commonly associated with, for instance, the high-tech pioneers of Silicon Valley. The term is relatively new and is related to the concepts of Social enterprise and Social innovation.
Etymology
The term "Social entrepreneurship" is believed to have been first introduced in the literature on social change in the 1960s and 1970s. The term draws upon the idea of entrepreneurship as a process of recognizing and pursuing opportunities, without regard to the resources currently controlled, to create social value.
Related Terms
- Social enterprise: An organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being.
- Social innovation: New strategies, concepts, ideas and organizations that meet the social needs of different elements which can be from working conditions and education to community development and health.
- Non-profit organization: An organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends.
- Impact investing: Investments made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return.
See Also
External links
- Medical encyclopedia article on Social entrepreneurship
- Wikipedia's article - Social entrepreneurship
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