Definition of social entrepreneurship
There is some debate among experts, including those offering teaching in social entrepreneurship, on what it actually is. For some, it is simply any business activity that creates social value – for example a business venture that generates environmental benefits, or provides education to underprivileged children in developing countries. For other proponents of social entrepreneurship, the focus is simultaneously on the entrepreneurship part of the term. For these people a social entrepreneur should also have launched a new company to deliver the social value.
social entrepreneurship in the news
In March 2013 it was reported that Hub Westminster, a social enterprise incubator, was using its office space near Whitehall as a selling point for small businesses looking for access to government. In February 2013, Pamela Hartigan, director of the Skoll Centre for Social Entrepreneurship at Said Business School, reviewed Conscious Capitalism, a book by John Mackey and Raj Sisodia. In the book it says conscious capitalism requires developing a higher purpose and core values alongside stakeholder integration.