Social entrepreneurship is simply a form of entrepreneurship which has been shown to exhibit features of non- taking in addition to the large-scale transformation with social problem-solving. The process of social entrepreneurship often starts with the perception of possible social opportunities, which then are translated into a form of viable enterprise, and following which resources are acquired for the execution of the business goals. In the contemporary society, the concept of social enterprise has been argued to have emerged as one of the primary issues, particularly among the entrepreneurial thinkers. There are many ways by which individuals use entrepreneurial means to solve a particular societal problem. However, it is worth noting that addressing several of the obligations of businesses to the society is a primary challenge to everyone. Some of the responsibilities of social enterprises include the control of pollution, the conservation of energy, the acquisition of fair commercial practices and additionally, the promotion of employee’s welfare. This, therefore, calls for the implementation of a sustainable form of entrepreneurship, as only this might possibly address the societal problems that have been brought about by industrialization, and this shall be whilst at the same time, bringing about economic and noneconomic gains to the entire society and to specific individuals.
The 21st century has been punctuated by huge environmental concerns, and these have attracted global attention to the restoration and conservation of the environment. There has been the adoption and implementation of corporate social responsibility programs, most of which call companies to be responsible for their waste in order to preserve the environment. This notion is clearly identified in ecopreneurship, whose primary motive is to conserve and protect the natural resources in order to allow the creation of a robust environmental awareness. Consequently , business firms continue to be called upon to build economic value for the entire society through addressing various societal needs and challenges. This amounts to the sharing of values, as the concept goes beyond social responsibility and even, sustainability. It is simply a transformation of business thinking to recognize societal weaknesses that in some way, would have caused an internal cost to the company such as in the form of wasted energy. Shared value coupled with the triple bottom line thinking has the potential to shape an organization’s transformation in the 21st century. Currently, doing business globally has become one of the most profitable and attractive strategies for the entrepreneurial ventures. There are thus some powerful economic forces that have created global entrepreneurs including NAFTA, WTO, and the EU.
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