Social entrepreneurship has developed into an umbrella term used to describe an array of socially beneficial activities. According to the Skoll Foundation, a social entrepreneur is defined as society's change agent, or a pioneer of innovations that are beneficial to humanity.
What Does it Mean to be Called a Social Entrepreneur?
The field of social entrepreneurship began in 1980 by a group known as Ashoka. Social entrepreneurs are leaders who think outside of the box and craft innovative ideas. As business leaders, they are the force behind the emerging trend in the way businesses are managed. Business ethics training and entrepreneurship programs are springing up with greater frequency.
Successful social entrepreneurs are being honored for contributions. However, it often takes many years for people to notice and appreciate innovation and entrepreneurship. The long development time involved explains why business taking on venture philanthropy sometimes find the programs fall short of expectations.
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