Social Entrepreneurship is an emerging field of inquiry and therefore there is no one preferred definition. Definitions of this type of entrepreneurship generally include that it is a type of business where not only is profit valued, but also creating a positive social impact.
Characteristics of social entrepreneurship
Social entrepreneurship is innovative, social value-creating activity
Unique solution to a social problem
Huge social impact crossing regions and national borders
Replicable and sustainable
It occurs within or across the non-profit, business and public sectors
Dynamic process created and managed by an individual
Strives to exploit social innovation with an entrepreneurial mindset
Create new social value in the market and community.
