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Social Entrepreneurship in India
Entrepreneurship is essentially identifying and exploiting opportunities to create wealth. Social entrepreneurship is a work of social entrepreneur who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make sustainable social change. Social...
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| Format: | Article |
| Language: | English |
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2009
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| Summary: | Entrepreneurship is essentially identifying and exploiting opportunities to create wealth. Social entrepreneurship is a work of social entrepreneur who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make sustainable social change. Social entrepreneur is different from business entrepreneur in the sense that the former assesses it success in terms of the impact s/he has made on society / humanity whereas the latter measures her/ his performance in terms of profit and return. While a business entrepreneur can create entirely new business enterprise, a social entrepreneur comes up with new solutions to daunting social problems and then implements them on a large scale for the benefit of the humanity. Although the terms are relatively new, both social entrepreneur and social entrepreneurship are found throughout history. The name of Florance Nightangale (founder of the first nursing school and developer of modern nursing practices), Robert Owen (founder of cooperative movement), Vinoba Bhave (founder of India's Land Gift Movement), and Muhammad Yunus (founder of Bangaladesh's Grameen Bank) are historically noteworthy... |
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