Social Entrepreneurship

Running head: SOCIAL ENTREPRENEURSHIP
SOCIAL ENTREPRENEURSHIP
Name of the Student
Name of the University
Author Note

1SOCIAL ENTREPRENEURSHIP
Social entrepreneurship is considered to be an approach by entrepreneurs and start-up
organisations and companies where they fund, develop and implement measurable solutions to
cultural, social and environmental issues (Carraher, Welsh and Svilokos 2016). Rawhouser,
Cummings and Newbert (2019) states social entrepreneurs unlike the traditional entrepreneurs
are non-profit or they measure profit by achieving their goals which is the positive return to the
society. They mainly work towards areas like health care, community development and poverty.
This paper is going to focus on the ideas that all the businesses should make in order to make a
social impact on by solving social issues that thrive in the environment.
It has been seen that social entrepreneurs mainly focus on the exploited population and
the marginalized section of the population or the society. Social entrepreneurs do not just watch a
social injustice that happens at a large scale rather translates their feelings of sympathy and grief
into actions (Kadir, Bahari and Sarif, 2016). In recent times where the world is developing in
numerous ways there are some regressive activities that is still being practiced which is leading
to social injustice and hinders the development and growth of the vulnerable people in our
society. Thus it has been seen that social entrepreneurs have helped immensely in improving
these situations and have worked to make a positive change in the society.
Social entrepreneurs are of various types like social enterprises, community project and
non-profit organisations. These work towards the development of the community as well as the
environment to provide a better world. It is important for business organisations as well to make
such initiatives so that they can help in positive contribution to the society for the welfare of the
society and the environment as they have the necessary funds to help deprived and vulnerable
communities as well as support issues in terms of environment. However it is just not social
entrepreneurs that only work for the betterment and the development of the society.

2SOCIAL ENTREPRENEURSHIP
It will be incorrect and wrong if one denied that traditional business organisations and
entrepreneurs only think about maximizing their profits, it has been seen that business
organisations have also adopted corporate social responsibility as a means of giving back to the
society. Many large organisations have incorporated certain activities that help the society and
work towards the welfare of the society. However scholars have argued that this is an act of
selfishness and perform these activities for the goodwill of their organisations that indirectly help
in maximizing their profits in the long run (Barnett 2016). However it cannot be denied that
these activities help the communities in improving their lives. On the other hand, social
entrepreneurs work for the benefit of others without thinking about their own benefits in the
society. Corporate social responsibilities that are undertaken by organisations do more than just
benefitting their stakeholders but are often seen to be a disappointment as they are unable to
achieve the desired goals efficiently thus this has drawn their attention towards social innovation
which is often lined with social entrepreneurship which helps in combating the social issues.
(Phillips et al 2015). Social innovation is considered to be the innovative services and activities
that are motivated by particular goals that is to meet the social need. Organisations these days try
to make hybrid models to create social innovation in their CSR activities (Phillips et al 2015).
Social entrepreneurs on the other hand operate within this continuum by adopting a specific
business approach that focuses on bringing significant changes and improvement in the
community.
Social entrepreneurship is considered to be highly ethical and follow ethical values.
However, it has been seen that business organisations also follow business ethics that ensure that
they work positively to attain the organizational goals keeping the interest of the stakeholders in
mind (Chell et al 2016). Social entrepreneurship is highly based on social responsibility. Social