What is Social Entrepreneurship?
The Stanford Social Review defined Social Entrepreneurship as having the following three components: (1) identifying a stable but inherently unjust equilibrium which causes the exclusion, marginalization, or suffering of a segment of humanity that lacks the financial means or political clout to achieve any transformative benefit on is own. (2) identifying an opportunity in this unjust equilibrium, and developing a social value proposition, plus bringing to bear inspiration, creativity, direct action, courage, and fortitude, thereby challenging the stable hegemony; and (3) forging a new, stable equilibrium that releases trapped potential or alleviates the suffering of the targeted group, and through imitation and creation of a stable ecosystem around the new equilibrium ensuring a better future for the targeted group and even society at large.
I would be very interested in hearing some more thoughts from others on this definition of what Social Entrepreneurship is, and perhaps sharing what they are in particular are doing in the rapidly growing field of Social Entrepreneurship. Please post your thoughts here.