Posts Tagged ‘for profits’

What Exactly Is Social Entrepreneurship?

via NextBillion.net

From Forbes: What Exactly Is Social Entrepreneurship?

My comments: The for-profit and non-profit worlds are merging. For-profits see the monetary advantage of green practices and investing for social benefit. The fair trade market is a good example. Fair sells.

On the flip side, non-profits understand that they must not only be mission-driven, but also be able to demonstrate measurable returns– social returns– on their investments. The key words are impact, scalability, and sustainability.

So when it comes to the social entrepreneur, he’s, well, an entrepreneur like any other– mostly. The gist of it, according to the author of this Forbes piece, is that the social entrepreneur strives to operate by business standards while bringing the dual returns of profit and social outcomes.

Should social entrepreneurs focus on monetary profit as well as doing good? Can they do both well at the same time? What do you think?

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