A social enterprise also facilitates employment for disadvantaged groups.
Social enterprises are in the midst of these two extremes as commercialized institutions at various levels in their functioning.
Revenue earned in the marketplace means less dependence on donors, a liberating prospect that means fewer proposals and reports to write and a psychological sense of independence and achievement.
It indicates the combination of entrepreneurship and social entrepreneurship aspects together [ 24 ]. There are niche opportunities for social entrepreneurs which are not suitable for entrepreneurs.
Social entrepreneurship is built and works for a social purpose.Social entrepreneurs are individuals who realize social transformation in an innovative way. Using grounded theory, Kusyk and Lozano identify drivers and barriers to social issue management. This will be achieved by triangulating the data in the case study with third party external sources. They classify internal and external stakeholders according to their drivers and barriers to social responsibility practices and weigh these drivers and barriers in order to assign them to a category. Business entrepreneurs tend to focus on new needs, while social entrepreneurs tend to focus on existing environmental and social problems more effectively on long-term goals through new approaches. Social entrepreneurs are those who take responsibility and risk for civil society needs. It is suggested by Schwab Foundation for Social Entrepreneurship to establish a board for managing the social enterprises effectively. It indicates the combination of entrepreneurship and social entrepreneurship aspects together [ 24 ]. Growing Inclusive Markets GIM The macro-level approach is based on the creation of opportunities and innovation through defining the markets in another way. The differences between entrepreneurship and social entrepreneurship. Social entrepreneurs provide opportunities for marginalized and poor.
A single descriptive case study was chosen as it is structured to help identify emerging patterns based on a solid theoretical framework Tobin, Social issues are conceptually discussed by Bhattacharya et al.
Social entrepreneurship has been viewed as a business model exhibiting a continuum of objectives ranging from a purely social mission through combinations of social and profit motives Bacq and Janssen, ; Battilana et al. Background In the current business environment, one of enhanced social and environmental awareness, firms are expected to be profitable while promoting social responsibility and rewarding their stakeholders Cooper and Owen, Social entrepreneurs do not focus on profits, mostly the social benefits.