Summary Difference between Social & Business Entrepreneurship
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Course
Finance
Institution
Indian Institute Of Management
Social entrepreneurship and business entrepreneurship are two distinct approaches to creating and managing ventures.
Social entrepreneurship focuses on addressing social or environmental issues through innovative and sustainable business models. The primary goal is to create positive change and...
Difference between Social & Business
Entrepreneurship
● Commercial Entrepreneurship represents the recognition, growth, and
utilization of opportunities that helps in generating Profits.
● Social Entrepreneurship refers to the recognition, growth, and
utilization of opportunities that helps in bringing change in the society.
● Commercial Entrepreneur may bring change in the society but the
main purpose is to earn profits.
● Social Entrepreneur may generate profits but the main aim is to bring
change in the society and work for the social well being.
● Another important difference between the Social and the Commercial
Entrepreneur is in the meaning of wealth creation.
For the Commercial Entrepreneur, ‗wealth‘ is same as profit.
For the Social Entrepreneur, however, wealth also includes formation of the
social and environmental capital.
Social entrepreneurs
Social entrepreneurs are the one who question the traditional methods and
combines visionary and real world problem solving creativity to break the path
with the powerful ideas. They help in combining local practicality with the
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