Challenges in Social Entrepreneurship

Abstract

A social entrepreneur identifies practical solutions to social problems by combining innovation, resourcefulness and opportunity. Committed to producing social value, these entrepreneurs identify new processes, services and products, or unique ways of combining proven practice with innovation to address complex social problems. Whether the focus of their work is on enterprise development, health, education, environment, labour conditions or human rights, social entrepreneurs are people who seize on the problems created by change as opportunities to transform societies. This paper focuses on different challenges faced by the social entrepreneurs while doing something for the welfare of the society. What are the different factors that restrict them to do their work smoothly? What are the different challenges in arranging resources for their project towards society? How they transform opportunities into the social change? How they are committed to social value creation, so finance is a means to an end for them, never the end in itself. Personal reward, risk and cost become secondary concerns; and they typically take little for themselves. The paper focuses on social entrepreneurs and entrepreneurship. The objective of the paper is to study about the different challenges of social entrepreneurship. How social entrepreneurs work for the benefits of the society?