Social Entrepreneurship is essentially a business start up that combines commercial gain and has a high regard for societal, cultural, and environmental change. In social entrepreneurship, also known as altruistic entrepreneurship, business owners take on a great and selfless task in order to evoke a change within a community.
Social entrepreneurship usually takes place as a non profit organization, they often use grant or government money to operate and run within the community. It Achieves A large scale social of change, focuses on the social or ecological change while earning money, innovates and create new ways in solving social problems, and it uses feedback to adapt and refine. While a normal business owner may include and consider the total amount of revenue, a social entrepreneur also takes into consideration the impact and positive changes made in society as their total revenue .
Posted By: Elizabeth Ogundele
Wednesday, May 1st 2019 at 7:11PM
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