Social Entrepreneurship: A Critical Review of the Concept
Journal of World Business, Vol. 41, No. 1, pp. 56-65, 2006
29 Pages Posted: 5 Aug 2008
Date Written: July 2, 2006
This paper undertakes an analytical, critical and synthetic examination of "social entrepreneurship" in its common use, considering both the "social" and the "entrepreneurship" elements in the concept. On both points there is a range of use, with significant differences marked out by such things as the prominence of social goals and what are thought of as the salient features of entrepreneurship. The paper concludes with the proposal of a suitably flexible explication of the concept: social entrepreneurship is exercised where some person or persons (1) aim either exclusively or in some prominent way to create social value of some kind, and pursue that goal through some combination of (2) recognizing and exploiting opportunities to create this value, (3) employing innovation, (4) tolerating risk and (5) declining to accept limitations in available resources.
Keywords: social entrepreneurship, not for profit, social enterprise
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