ENTREPRENEURSHIP

Detailed explanation-1: -The main goal of a social entrepreneur is not to earn a profit. Rather, a social entrepreneur seeks to implement widespread improvements in society. However, a social entrepreneur must still be financially savvy to succeed in his or her cause.

Detailed explanation-2: -Social entrepreneurship is the process through which specific types of actors – the “social entrepreneurs” – create and develop organisations that may be either social enterprises or other types of organisations.

Detailed explanation-3: -Social entrepreneurship can be defined as which of the following? A process involving the innovative use and combination of resources to pursue opportunities to catalyze change and/or address social needs.

Detailed explanation-4: -Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

Detailed explanation-5: -Their success is not always measured in terms of profit alone. A small change in the society out of their efforts is a success too. Social entrepreneurship is also referred to as altruistic entrepreneurship –which translates to selfless concern for the well-being of others.