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Write An Essay On The Importance Of Social Entrepreneurship

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Introduction

Social Entrepreneurship is about finding a solution to social problems which could include a solution to social housing, etc. This paper will discuss the importance of social entrepreneurship and what the concept actually means. In addition, social transformation is an important area to which will also be discussed. I agree with the statement that social entrepreneurship should be about social transformation but often is not.
Most economists and academics support the concept that entrepreneurship is starting to become a vital factor in the development and well-being of societies. Entrepreneurship offers new competition, and as such promotes improved productivity and healthy economic competitiveness. Entrepreneurs utilize their …show more content…

More specifically, social entrepreneurs adopt a mission to create and sustain social value. They draw upon appropriate thinking in both the business and non-profit worlds and operate in a variety of organizations: large and small; new and old; religious and secular; non-profit, for-profit, and hybrid.
1. Employment Development

The main economic value to the importance of social entrepreneurship is that it creates a shared interest with entrepreneurs and businesses; job and employment creation. Social enterprises provide a wide range of employment opportunities and job training to find the ever worrying solution to the high rate of unemployment due to the economic downturn. Social entrepreneurship also provides opportunities of employment to segments that would be at an employment disadvantage such as the disabled, homelessness, and the long-term unemployed.

2. A New Innovation for Goods & Services
Social enterprises develop and apply new innovations that are importance to the social and economic development with a goal to develop new goods and services. Some social issues that benefit from social entrepreneurship would be crime and drug abuse, mental health, and

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