SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
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An experiment to invent solutions to address current business issues.
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A process for brainstorming solutions to address all sorts of issues and problems.
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A process of developing effective solutions to challenging environmental issues.
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A methodology for prototyping new technologies.
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Detailed explanation-1: -“Social innovation is the process of developing and deploying effective solutions to challenging and often systemic social and environmental issues in support of social progress. Social innovation is not the prerogative or privilege of any organizational form or legal structure.
Detailed explanation-2: -A social innovation process consists of a sequence of activities that seeks to find solutions to a specific challenge. The process itself brings a new approach that has social impact in its means (process) and ends (solution).
Detailed explanation-3: -Social innovation refers to the design and implementation of new solutions that imply conceptual, process, product, or organisational change, which ultimately aim to improve the welfare and wellbeing of individuals and communities.
Detailed explanation-4: -Social innovation refers to the process of developing and implementing new, effective solutions to solve social or environmental issues.
Detailed explanation-5: -One of the most inspiring examples of social innovation changing the world for good is clean water projects in developing nations. These projects are designed to provide access to safe and reliable drinking water for people living in poverty-stricken areas who lack access to basic amenities.