Social entrepreneurship is important because it provides a framework for businesses to find their own success in the pursuit of helping others. It’s a constant source of motivation for employees, especially for Generation Y, which is increasingly skeptical about the traditional corporate work environment.
Notable modern social entrepreneurs
|Name||Country||Social venture founded|
|Matthew Spacie||Britain||Magic Bus|
|Shaheen Mistri||India||Teach For India, Akanksha Foundation|
|Ranjan Mistry||India||Women School of Entrepreneurship, Campus Varta, Womenia Chakra Foundation|
A social entrepreneur is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives.
Types of Social Entrepreneurship
- Non-profit organization.
- Co-operative societies.
- Social enterprise.
- Community project.
- Special purpose business.