SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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be risk-takers
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stick to traditional development programs in order to avoid financial losses
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change their approach or their model or their product until they get it right.
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None of the above
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Detailed explanation-1: -Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs.
Detailed explanation-2: -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.
Detailed explanation-3: -The ‘one for one’ business model is a direct form of social entrepreneurship to create commercial and social values. It is also known as ‘buy-one give-one’ as it works on the principle of giving one needed item on every purchase.