Abstract
Social entrepreneurship has been defined as entrepreneurship with a social goal; social entrepreneur is a change agent. Literature shows that social entrepreneurship is treated as a youthful field of study and needs thorough observational appraisals to develop, which proposes a plenitude of research openings (Hoogendoorn, Pennings, & Thurik, ERIM Report Series Reference No. ERS-2009-044-ORG, 2010; Hand & Lewis, Stanford Social Innovation Review, 2016). The work on social entrepreneurship is on the rise; however, little attention was given to the traits and motivational factors for social entrepreneurs. To fill this gap, this study explores the traits and motivations of social entrepreneurs. A content analysis technique has been used to analyse the data. The interviews, speeches and articles on nine social entrepreneurs were analysed. The results indicate education, global exposure, prior work experience, creativity, empathy, community roots and contentment were the main characteristics of a social entrepreneur. Self-transcendence, unique ideas and innovation to solve pain points, inspiration and personal experience motivate an individual to become a social entrepreneur. Findings of this study will contribute to the practical and research in the area of social entrepreneurship. The present research will contribute to the growing literature that attempts to explain the profile of a social entrepreneur and motivational factors.
Highlights
A social business works for the advantage of social needs that empower social orders to work more productively
The terms social business, social enterprise and social entrepreneurship operate with a common reason and approach and pursuing the same ends of providing benefit to the society, but there are important distinctions among them (Thompson, 2008; Luke & Chu, 2013)
The social enterprise reinvests the profit in community or company, but in the case of social business, the investment would lead to an increase in social impact (Sea, 2016)
Summary
A social business works for the advantage of social needs that empower social orders to work more productively. The terms social business, social enterprise and social entrepreneurship operate with a common reason and approach and pursuing the same ends of providing benefit to the society, but there are important distinctions among them (Thompson, 2008; Luke & Chu, 2013). Social business and social enterprises word often used interchangeably, but there is one small difference (Yunus, 2010; Thompson, 2008). The primary objective for both social business and social enterprise is to combine commercial and social goals. The social enterprise reinvests the profit in community or company, but in the case of social business, the investment would lead to an increase in social impact (Sea, 2016)
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