Social Entrepreneurship: A Different Perspective

Abstract

Entrepreneurship has long been acknowledged as a major force for economic development, however, only recently has the important role social entrepreneurship plays in contributing toward both economic and social wellbeing been recognized. Nevertheless, there is still no singular established definition on social entrepreneurship has been agreed upon. Many scholars believed that social entrepreneurship is exclusively for non-profit organizations that solely focus on social missions, however, the limited view of social entrepreneurship is argued and discussed in this paper.Thus this paper reviews the meaning of social entrepreneurship from various authors and extends the scope of social entrepreneurship from the limited and exclusive understanding towards a lateral and extended view, which includes hybrid organization that has both financial and social goals.