Question

define social entrepreneurship according to J.Gregory Dees

Answer 1

according to J.Gregory Dees,social entrepreneurship is that which“combines the passion of a social mission with an image of business-like discipline,innovation,and determination”.



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Answer 2

Social entrepreneurship is about developing social innovation through entrepreneurial solutions. A social entrepreneur takes notice of a social problem or need, decides to passionately pursue it, creatively innovates new solutions and entrepreneurially addresses the issue through an organised ‘business plan’ approach, thus allowing the social entrepreneur to address the issue of sustainability of the social venture undertaken.

Note that the concepts of “business plan” and “sustainability” in the definition. It is important that social enterprises are run like any private companies with both the profit and socially responsible motives. However, like any other company, the social enterprise has to declare its assets and profits to the shareholders (for example, donors) and be audited like a normal company.