ENTREPRENEURSHIP

SOCIAL ENTREPRENEURSHIP

DEFINITION OF SOCIAL ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How do entrepreneurs help create solutions to solve the world’s social problems?
A
Through food and clothing donations
B
They create products, systems and solutions to help change people’s lives.
C
They give lectures and courses for the local community
D
None of the above
Explanation: 

Detailed explanation-1: -Entrepreneurial Thinking Centers Around Lived Experiences And the result is the best possible product or service for those using it. This same entrepreneurial mindset helps drive crucial change in solving social problems, as nonprofits can ask beneficiaries what they most want and need.

Detailed explanation-2: -Social entrepreneurs aim to create an equal and just society by providing economic and social security, livelihood opportunities, and raising living standards. They drive policy changes, provide problem-solving models, and work for economic profit while investing in social and economic assets for the community.

Detailed explanation-3: -Social entrepreneurs provide access to employment, food, affordable energy and other critical services to those who are struggling. It is estimated that businesses partnering with and supporting social entrepreneurs could have a positive impact on the lives of nearly 1 billion people around the world.

Detailed explanation-4: -Entrepreneurial problem solving is the process of using innovation and creative solutions to close that gap by resolving societal, business, or technological problems. Sometimes, personal problems can lead to entrepreneurial opportunities if validated in the market.

There is 1 question to complete.