Hybrid entrepreneurs recognise a social problem and use entrepreneurial principles to organise, create and manage a venture to achieve social change. While a business entrepreneur typically measures performance in profit and return, a social entrepreneur focuses on creating social capital.(Wikipedia)
- On the horizontal axe we differentiate between organisations with a social goal (social profit) and organisations with a business goal (shareholder value)
- The forum is internationally active and differentiates in the vertical dimension between the developed and the developing world.
- In general social impact organisations depend heavily (exclusively) on governmental subsidies or charity funding and business organisations use profit to realise their objectives
- The Forum wants to support Social entrepreneurial organisations
Social is commonly associated with not-for-profit sectors but this thus not need to preclude making an income from market driven opportunities. The social entrepreneur uses business opportunities to address a social problem. The income generated by the pursuit of these opportunities is used to grow and scale the business with constant attention for the social and environmental bottom line. There certainly is room for funding to start-up, comparable with the seed money in a classical business environment, but the aim of the venture is to become self-sufficient with the profits realised eventually.
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