Social Entrepreneurship means identifying or recognizing a social problem and using entrepreneurial principles to organize, create, and manage a social venture to achieve a desired social change. It combines the passion with an image of business-like discipline, innovation, and determination.
Social entrepreneurship reflects a growing sense today that many of the most promising solutions to global problems don’t necessarily depend on charity, government aid, or foundation grants. They come from individuals or group of people who are willing to bring entrepreneurial thinking to bear on some of our toughest social problems.
Entrepreneurship has become a new and rapidly growing phenomenon. Even though researchers have just started to notice social entrepreneurs and their myriad enterprise hybrids, the idea of being a social entrepreneur is promptly becoming more widely recognized and accepted.
Social entrepreneurs were no longer seen as being on the edges of society but rather as a career path. The increasing number of students joining New Zealand branch of Enactus, a worldwide youth business competition with a social enterprise focus, was seen as a changing new trend in entrepreneurship. Ten years ago entrepreneurs just wanted independence and money but now young people’s goals seem to be broader. It is not just making money but it’s a lifestyle and helping the social community. Entrepreneurs today have strong values in the front of their minds in making decisions.
Young people want to be recognized and they want to make a difference. They want a challenge, they want autonomy and they want to get better at what they do. Social enterprise gives endless opportunities to do all that.
Due to the economic crisis that the world has been experiencing for the past 5 or more years, the New Zealand government has a bunch of things to think of than focusing