Compare and contrast social entrepreneurship and business entrepreneurship

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Entrepreneurship 207

Compare and contrast social entrepreneurship and business entrepreneurship

According to Gibb (1996) the term entrepreneurship is often equated with new venture creation, and small business management and the concepts of owner-manager and self-employment. This definition is widely accepted, however many researchers such as Kirby (2003) and Carland et al (1984) have identified vital points which contest the definition such as that not all owner-managers can be defined as entrepreneurs and that not all small businesses are entrepreneurial.

Social entrepreneurship is not a new term even though the entire concept of it was established relatively recently; the individuals and groups that have been addressing social issues have been doing so for many centuries. According to David Bornstein (2004) "Social entrepreneurs identify resources where people only see problems. They view the villagers as the solution, not the passive beneficiary. They begin with the assumption of competence and unleash resources in the communities they're serving." As stated in Bornstein's book "How to Change the World: Social Entrepreneurs and the Power of New Ideas" social entrepreneurs have been around for hundreds of years in historical figures such as Florence Nightingale and Mahatma Gandhi, however it is only