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Abstract

Social entrepreneurship aims at recognizing societal problems with reference to entrepreneurship and its uses through its principles that aids in organizing, creating and managing a social venture to achieve a desired social change. While a business entrepreneur typically evaluates performance in terms of profit and return, a social entrepreneur measures a positive return to society. Thus, the main intention of social entrepreneurship is to further extend social, cultural, and environmental goals.


Social entrepreneurs are commonly allied with the voluntary and non-profit sectors; however, this need not impede making a revenue. International Social entrepreneurship is practiced with a world view or international context. A well-recognized modern social entrepreneur is Muhammad Yunus, originator and manager of Grameen Bank and its growing family of social venture businesses, who was awarded a Nobel Peace Prize in 2006. The effort of Yunus and Grameen echoes a theme among modern day social entrepreneurs that highlights the enormous combined effects and benefits when business principles are collaborated with social ventures.

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