Here is your short paragraph on Social Entrepreneur and Social Entrepreneurship!
The terms ‘social entrepreneurship’ and ‘social entrepreneur’ were first used in literature on social change in the 1960s.
The terms finally came into widespread use in the 1980s and 1990s, promoted by Bill Drayton, the founder of Ashoka, and Charles Leadbeater.
The social entrepreneur is defined as someone who aims for value in the form of transformational change that will benefit society at large. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change.
Social enterprises are social mission driven organizations that strive to achieve a social purpose. Some use profits from the social enterprise or other organizations to do good, while others use the social enterprise itself for good.
Social entrepreneurs often focus on the disadvantaged sections of society. Social entrepreneurs pioneer innovative and systemic approaches for meeting the needs of the marginalized, the disadvantaged, and the disenfranchised. They champion the cause of those that lack the financial means or the political clout to achieve their goals. In several ways, a social entrepreneur tries to solve social issues in a business-like manner.
Vijay Mahajan is one of the leading social entrepreneurs in India. After an engineering degree from IIT, Delhi, and a management degree from IIM, Ahmedabad, he went on to start Basix, which is one of India’s leading microfinance firms.
According to him, single-goal optimization is a 20th century oxymoron. A social entrepreneur does not look only at creating shareholder value by maximizing profits but tries to create stakeholder value by pursuing a variety of goals, which may include socially conscious goals.
These entrepreneurs, with a social mission, face challenges quite different from those faced by a business entrepreneur. As the social mission is central to their enterprise, they are likely to perceive and assess opportunities very differently. Wealth creation is, usually, a means to an end.