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Member News: National Entrepreneurship and C.C. News

What is a social entrepreneur?

Tuesday, January 24, 2012   (0 Comments)
Posted by: Kristina Moy
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By Elfren Sicangco Cruz, BusinessWorld.com

Social entrepreneurship, like "reinventing capitalism,” has become a buzz word in a society seeking solutions to environmental, economic and financial crisis caused largely by unbridled greed of financial institutions, hedge funds and businessmen who hold that morality has no place in the business world and "greed is good.”

But what is social entrepreneurship? This term has often been confused with social activism which refers to the espousal of political causes.

Almost every definition I have read, including the Wikipedia, states that "social entrepreneurship is the work of a social entrepreneur.”

Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems and who offer new ideas for wide-scale change.

Business entrepreneurs normally focus on changing the face of business by introducing new technologies, innovative solutions, or new products offering new benefits.

Social entrepreneurs are the change agents of society, seizing opportunities that others miss by improving systems, inventing new approaches and creating solutions to change society for the better. Rather than leaving the solutions to societal problems to government or even the business sector, social entrepreneurs find what is not working and address the problem by changing the system, and persuading society to accept the solutions even if they are new proposals.

Take a look at examples of social entrepreneurs

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