From last decade social entrepreneurship has gained immense interest and popularity. There are numerous business institutions and universities that are administering the particular courses allied to social entrepreneurship.
Meaning of Social Entrepreneurship
Social entrepreneurship can be defined as the recognition of social issues/problems and attainment of a particularly aimed social overturning through exercising the principles, series and operations related to entrepreneurship. Social entrepreneurship revolves around composing an appropriate research in order to determine a specific social issue and organizing, forging and administering a social setup afterwards to achieve targeted change. The alteration can or cannot be ready for comprising the profound expulsion of a particular issue related to society. It can last forever spot lighting on the elevation and improvement of ongoing prospects.
If we talk about ordinary and frequent business entrepreneurship it catches an edge to start a fresh business or transforming the ongoing business on the other hand the social entrepreneurship is all about generating social capital without computing the action of profits or returns. In social entrepreneurship the entrepreneurs are linked with non-profit making organizations and institutions.
Who is a Social Entrepreneur?
Social entrepreneur can be characterized as a businessperson who wills to evaluate and analyze the social problems and provide the creative action to solve that problem. Social well-being is the primary objective of a social entrepreneur hence they are emerged to be more passionate and clear about their aims. The social entrepreneurs retain elevated level of ambition and inspiration, they are idealistic who are eager to bring the change in society.
Social entrepreneurs are helpful in mobilizing the mass to attain a certain goal. They tend to be effective recruiters that are capable of representing their ideas in a manner that impacts the thought and vision of other people. These influenced people also initiate to join the surrounding for the betterment of society. They also make efforts to contribute positive with social entrepreneurs. These social entrepreneurs perform and function with an objective of modifying the frontage of society. The operating fields of social entrepreneur ranged in each segment such as health, well-being, education, cleanliness and much more. Their actions and operations are visible everywhere. They work to enhance the system, generating new ideas to tackle a problem, catering fair practices etc.
Types of Social Entrepreneurship
The concept of social entrepreneurship is immense and broad which comprises numerous contrasting approaches to impact the society in a positive way. Numerous social entrepreneurs tend to have a certain aim on oppressed population which encircles the poor, suffering, ill and the vulnerable people in society. These categories show up the importance of social entrepreneurship.
There are numerous kinds of entrepreneurship that comes under the category of social innovation. The contrasting and varied forms of social entrepreneurship show the broadness of this concept.
Community project is a form of social entrepreneurship which is a small-scale exercise to brace a concern within the society. The chief focus of community projects are issues that revolves around social, economic and environmental aspects within a particular community or society. The flexibility of community projects let anyone volunteer for the well-being of community. There is not a requirement of any business degree or diploma to volunteer your services and efforts for the betterment of society and surrounding. Community project is the best example to show that anyone can be an entrepreneur, you just need the creativity and efforts to put into practice.
Social Enterprise is type of a business that operates and performs according a particular mission that can be social or charitable. It generally focuses on furnishing skills and training programs for defenseless and poor people.
In this segment of social entrepreneurship a group of people joined together in order to perform a specific special task. Non-members cannot perform in co-operatives but a quick and instant application procedure can be carried on to be an active member.