Topic > Importance of Social Entrepreneurship

With the rise of social problems such as violence against women, poverty, climate change, educational disparity, AIDS and more, social entrepreneurship is the need of the moment. Some organizations that promote social entrepreneurship are the Skoll Foundation, the Schwab Foundation for Social Entrepreneurship, and the Center for the Advancement of Social Entrepreneurship at Duke University. Few social entrepreneurship efforts are: Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Paying African women to attend free HIV clinics Providing grid electricity to food trucks Educating poor girls in Africa Helping Central American coffee farmers get fair prices · Giving clean drinking water to one million people in seventeen countries. Getting more American kids interested in science, technology, engineering and math (STEM) Social entrepreneurship is important because it provides a context in which companies can find their success in trying to help others. Today there is a lot of interest in social enterprise because this approach offers us a new and perhaps more sustainable path to address the world's most urgent challenges. Social enterprises provide benefits in a self-sustaining way by using their own revenues to finance activities that generate social benefits. Employment Development The first major economic value created by social entrepreneurship is that social enterprises provide job opportunities and vocational training to segments of society at an employment level. disadvantage (long-term unemployed, disabled, homeless, young people at risk and women discriminated against by gender). In the case of Grameen, the economic situation of six million disadvantaged women micro-entrepreneurs has been improved. Innovation/New Goods and Services: Social enterprises develop and apply innovation to create new opportunities and new products, goods and services. The issues addressed include some of the major social problems such as HIV, mental illness, illiteracy, crime and drug abuse. An example that shows how these new approaches are in some cases transferable to the public sector is the Brazilian social entrepreneur Veronica Khosa, who developed a home care model for AIDS patients that later changed the government's health policy. Social capital: alongside economic capital One of the most important values ​​created by social entrepreneurship is social capital, which refers to the creation of key social networks with groups and organizations. An example is the success of the German and Japanese economies, which are rooted in long-term relationships and the ethic of cooperation. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Promotion: Social entrepreneurship promotes a more equitable society by addressing social issues and seeking to achieve sustainable and ongoing impact through its social mission rather than simple profit maximization. One case is that of the American social entrepreneur JB Schramm who helped thousands of low-income high school students access tertiary education.