Strategic Issues of Social Entrepreneurs- A Bird’s Eye View
No Thumbnail Available
Date
2010
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Entrepreneurship by new and established companies is a major source of wealth
and job creation, economic and technological growth, and social transformation (Bhide,
2000). This transformation is made possible by the powerful forces entrepreneurship
unleashes, where ordinary people conceive innovative ideas, organize production, assume
risk, and engage customers to accumulate wealth or address pressing social causes, often across national borders.
‘Social entrepreneurship encompasses the activities and processes undertaken to discover,
define, and exploit opportunities in order to enhance social wealth by creating new ventures
or managing existing organizations in an innovative manner. ’ Social wealth is dejlned
broadly to include economic, societal, health, and environmental aspects of human welfare.
Social entrepreneurs may discover or create opportunities and launch ventures to make
profits, create wealth, or balance social and economic imperatives.
Social entrepreneurs are ambitious, mission driven, strategic, resourceful, result oriented.
Social entrepreneurs play the role of change agents in the social sector. In this situation
this paper analyses the issues related to social entrepreneurship, the need for the social
entrepreneurs and the steps to be taken by the government for improving social
entrepreneurs and social entrepreneurship.