Social Entrepreneurs                                   

We should take time to discuss the different type of entrepreneurs. They range from serial entrepreneurs who are innovators and get themselves into several different businesses. The social entrepreneurs who I will be talking about in this writing .

Social entrepreneurship is a new form of entrepreneurship that exhibits characteristics of nonprofits, governments, and businesses. It applies traditional (private-sector) entrepreneurship’s focus on innovation, risk taking, and large-scale transformation to social problem solving. The social entrepreneurship process begins with a perceived social opportunity that is translated into an enterprise concept; resources are then ascertained and acquired to exe- cute the enterprise’s goals. This new movement has garnered attention in a number of ways in recent years.

The term social entrepreneur has come to mean a person (or small group of individuals) who founds and/or leads an organization or initiative engaged in social entrepreneurship. Social entrepreneurs sometimes are referred to as “public entrepreneurs,” “civic entrepreneurs,” or “social innovators.”

•             Adoption of a mission to create and sustain social value (beyond personal value)

 •            Recognition and relentless pursuit of opportunities for social value

 •            Engagement in continuous innovation and learning

•             Action beyond the limited resources at hand

•             Heightened sense of accountability

Social entrepreneurs are change agents; they create large-scale change using pattern- breaking ideas, they address the root causes of social problems, and they possess the ambition to create systemic change by introducing a new idea and persuading others to adopt it. These types of transformative changes can be national or global. They also can be highly localized but no less powerful in their impact. Most often, social entrepreneurs who create transformative changes combine innovative practices, a deep knowledge of their social issue area, and cutting-edge research to achieve their goals. For entrepreneurs working in the social realm, innovation is not a one-time event rather, it is a lifetime pursuit.