Business Articles

SOCIAL ENTREPRENEURSHIP

Social entrepreneurship is the use of start up companies and other entrepreneurs to develop, fund and implement solutions to social, cultural, or environmental issues.[1] This concept may be applied to a variety of organizations with different sizes, aims, and beliefs.[2] For-profit entrepreneurs typically measure performance using business metrics like profitrevenues and increases in stock prices, but social entrepreneurs are either non-profits or blend for-profit goals with generating a positive “return to society” and therefore must use different metrics. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector[3] in areas such as poverty alleviation, health care and community development.

At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in itself. For example, an organization that aims to provide housing and employment to the homeless may operate a restaurant, both to raise money and to provide employment for the homeless.

In the 2010s, social entrepreneurship is facilitated by the use of the Internet, particularly social networking and social mediawebsites. These websites enable social entrepreneurs to reach a large number of people who are not geographically close yet who share the same goals and encourage them to collaborate online, learn about the issues, disseminate information about the group’s events and activities, and raise funds through crowdfunding.

asocialentreprise4   asocialentreprise3

Chukukere Amarachi is an Artistic Nigerian Social Impact Advocate, Blogger, Communications & Media Enthusiast, Aspiring Social Entrepreneur and Trainer who promotes and believes in sustainable livelihoods for all. She seeks to inspires a global audience with her voice, business, community development projects and advocacy messages. Her Goal Building an enabling environment for great potentials to thrive. She can be really goofy and playful, is attracted to exotic dishes and locations and wouldn't mind owning a private jet, oh yeah! She's a strong believer and follower of Jesus Christ. For her people who cook, create, explore and travel have a spot in my heart ♥

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