what is social entrepreneurship?

what is social entrepreneurship?

what is social entrepreneurship?

Social entrepreneurship is a business technique used by companies, startups, non-profit organizations and even governments to finance the development of solutions to social, cultural and environmental problems1.

Social enterprises are organizations that apply market strategies to achieve a social objective. The social entrepreneurship movement includes both non-profit organizations that use business models to achieve their mission and non-profit organizations whose main purpose is social. Its objective - to fulfill objectives that are both social / environmental and financial - is often described as the "triple result": to achieve at the same time to perform in the social, environmental and economic benefit dimension. Social enterprises differ from commercial enterprises in that their social or environmental objective is always at the center of their operations.

Instead of maximizing the shares of its shareholders, the main objective of social enterprises is to generate benefits to boost their social or environmental objectives. These objectives can be achieved in different ways depending on the structure of social entrepreneurship: the benefit of a business can be used to support a social objective such as the financing of the activity of a non-profit organization or entrepreneurship can fulfill its social objective through its own activity employing people excluded or lending its benefits to microenterprises with difficulties in accessing loans from current investors.