Social Entrepreneur – Do You Know Him?

One of the very first words which I understood was 'social.' A prominent word in sentence 'man is a social animal,' this word taught me the meaning of society too. However, meaning of 'entrepreneur' I learned later but I never learned two words in coherence – Social and Entrepreneur. So, first this amalgamation puzzled me but later I got to understand the trend.

One of the most impact-full terms in present scenario, social entrepreneurs are defined in Wikipedia as “someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change (a social venture). Whereas a business entrepreneur typically measures performance in profit and return, a social entrepreneur focuses on creating social capital. Thus, the main aim of social entrepreneurship is to further social and environmental goals. However, whilst social entrepreneurs are most commonly associated with the voluntary and not-for-profit sectors, this need not necessarily be incompatible with making a profit. ”

Nowadays, many small business entrepreneurs are heading for ideas which involves entrepreneurship with social cause. Some of the mind stirring terms of present scenario, such as, edutainment, infotainment etc. are result of the wave of social entrepreneurship. There are many innovative small business owners who have given their SME an image of social enterprise. These business owners are involved in production of things which are useful for society, as an instance, many of entrepreneurs are involved in business of developing softwares or computer programs which could be used for better teaching modes. Nonetheless, these enterprise runners make money with their small businesses firms or SMEs bu they are more focused and passionate about development of society.

It was the era of 1960s or 1970's when the term social entrepreneurship was first devised but it became prominent during the years of 1980's and 1990's. Since then, it has been a favorite catchphrase for all those who however are of entrepreneurial skills but are implementing their

skill-set in societal development too. And most heartening fact is, SME entrepreneurs of almost every genre, ranging from software development services to education sector, all are welcoming the idea.

Organizations such as Child Rights and You as well

as Youth United are some of the globally adored organizations which were incepted on the concept of societal benefit. Child Rights and You (also known as C.R.Y) is working for social upliftment of global kids while Youth United works for everyone all across the globe.