Social entrepreneurship revolutionizes business with dual profit and impact objectives
Social entrepreneurship focuses on making a profit while also creating a positive social impact. Social entrepreneurs identify opportunities through experiences rather than actively seeking them. Innovation is crucial in social entrepreneurship, which can be radical and disruptive. Implementation happens at both individual and broader levels, with sustainability being a key consideration. Collaboration between government, corporations, and social entrepreneurs is important. Social entrepreneurship contributes to economic development and can lead to entrepreneurship. It is not too difficult for social entrepreneurs to switch to entrepreneurship and vice versa.