Impact On Social Entrepreneurship

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The term "social entrepreneurship" was coined by William Drayton. Drayton founded "Ashoka" in 1980, and is the world 's first and leading "institution to promote social entrepreneurship". (N. Nayab, 2011). Social entrepreneurship is an initiative that aims at finding a solution to a social problem. The person or group that takes up the task is called a social entrepreneur. Social entrepreneurs are creative innovators and problem solvers who bring about economic change and transformation in the society that we live. Over the past decade, we have seen a rapid increase in environmental and social issues that businesses and society at large face. Some of these issues are due to globalization and industrialization of developed economies. Social entrepreneurs…show more content…
In the past social entrepreneurial organizations have been referred to as "negative" because of their "nonprofit" and social function. Today they are known as the "independent sector, nonprofit sector, third sector or the citizen 's sector". (D. Bornstein, 2007). Around the world, there has been an increase in demand for social entrepreneurs because of their past success stories. As a result, universities realize the impact that social entrepreneurs make in society and thus have incorporate social entrepreneurial courses into their academic programmes to cater for this sector. For example, just to name a few, these universities include Fiji National University, University of Guyana, Sanford, and Harvard. This will lead to having a diverse group of social entrepreneurs in the "education, environmental, healthcare, disability and in many other fields". (Thomas S. Lyons, 2013). According to an article published by the International Food Policy Research Institute titled "2020 Focus Brief on the World 's Poor and Hungry People", it states that "social entrepreneurs can contribute to reducing poverty and hunger in many ways and at different levels within a country". "At the macro level, social entrepreneurs could help formulate and implement policy; at the business level, they could use their business skills to address social issues; and at the community level, they could help solve specific local problems". (S. Babu and P. P. Andersen, 2007). For instance, in Tanzania – a country in East Africa – "village volunteers are trained" by social health entrepreneurs "to monitor child growth as part of an integrated nutrition program". This has "helped to reduce infant mortality and child malnutrition" significantly in that country. ( S. Babu and P. P. Andersen, 2007). Education plays a very important role in the society we live today and is very important because it will enable future of generations to equip themselves with the necessary skills and knowledge to "tackle social
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