What kind of impact the social enterprise is looked for?

A social entrepreneur is defined as a leader or pragmatic visionary who can use the entrepreneurial principles to create:

• positive social change
•  new social value 
• new way of solving a social problem or challenge.

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​As a way to achieve social impact the typical social entrepreneur usually creates social enterprise. A social enterprise is an operator whose main objective is to have a social impact rather than make a profit for its owners or shareholders. It usually shares the following characteristics: 

• Social purpose - created to generate social impact and change by solving a social problem or market failure 
• Innovates by finding a new product, a new service, or a new approach to a social problem, 
• Continuously refines and adapts approaches in response to feedback. 
• Achieves large scale, systemic and sustainable social change through a new the invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these, 
• Focuses on the social value creation and tries to optimise the financial value creation, 
• Enterprise approach - uses business vehicles, entrepreneurship, innovation, market approaches, strategic-orientation, discipline and determination of a for-profit business; 
• Social ownership - with a focus on public good and stewardship, although not necessarily reflected in the legal structure.

 
​​Author
Partners @i2 SustainIT

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