Review on Social Entrepreneurship

Abstract

This article examines the notion of ‘‘social entrepreneurship" in its widespread use from an analytic, critical, and creative standpoint, taking into account either the ‘‘social" and the ‘‘entrepreneurship" aspects of the term. There is a wide variety of usage on both points, with substantial variations characterized by factors like the importance of social objectives or what are considered to be the prominent characteristics of entrepreneurship. The study can conclude with a proposition for a more flexible definition of social entrepreneurship: social entrepreneurship is practiced when one or more people (1) seek to create value in society or some kind of, whether exclusively or prominently, and seek that goal through a combination of (2) just like opportunity to generate this value, (3) utilizing innovation, and (4) tolerating risk.