SOCIAL ENTREPRENEURSHIP: DEFINING THE CONCEPT AND KEY COMPONENTS
Social entrepreneurship represents a transformative approach to business, combining entrepreneurial principles with a commitment to social good. It differs from traditional entrepreneurship by prioritizing social value over profit. Social entrepreneurship integrates economic viability with a com...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2024-12-01
|
| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2024-06,%20Volumul%20II/26_Vaduva_Ctin.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Social entrepreneurship represents a transformative approach to business, combining entrepreneurial
principles with a commitment to social good. It differs from traditional entrepreneurship by prioritizing social value
over profit. Social entrepreneurship integrates economic viability with a commitment to solving societal challenges.
This paper examines the definition and essential components of social entrepreneurship, which include a social
mission, innovation, financial sustainability, and scalability. To this ends, the author employed a qualitative research
method. Drawing from theoretical perspectives such as stakeholder theory, triple bottom line, and institutional theory,
the results of the study provide a comprehensive understanding of how social entrepreneurs innovate to address social
issues. Also, they show the hybrid nature of social entrepreneurship, positioned at the intersection of the for-profit and
non-profit sectors. |
|---|---|
| ISSN: | 1844-7007 2344-3685 |