Markets do not work as well for social entrepreneurs. In particular, markets do not do a good job of valuing social improvements, public goods and harms, and benefits for people who cannot afford to pay. These elements are often essential to social entrepreneurship. That is what makes it social entrepreneurship. As a result, it is much harder to determine whether a social entrepreneur is creating sufficient social value to justify the resources used in creating that value. The survival or growth of a social enterprise is not proof of its efficiency or effectiveness in improving social conditions. It is only a weak indicator, at best.
Content: Quotation
Source: The Meaning of “Social Entrepreneurship”
Subjects: Entrepreneurship, Social Responsibility (ESG)
Source: The Meaning of “Social Entrepreneurship”
Subjects: Entrepreneurship, Social Responsibility (ESG)
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