SOCIAL ENTREPRENEURSHIP – SALIENT FEATURES

1. Aims to solve a social/ environmental problem

2. Aims to make a profit by doing the same
3. Works mainly for society and/ or its employees
4. Has innovation in product or process involved
5. Typically has financial innovation in its business model
6. Need not necessarily work on an environment problem
7. “Social enterprise’ is not a legal definition
8. Can often be a responsible business
9. Often attracts impact investing
10.Often promotes a triple P model
11.Often replaces a key service/ technology with a lower cost, no-trimmings
one
12.They often create new practice platforms
13.They often re-purpose an existing technology
14.Examples in the Indian scenario – SEWA, SELCO, Shri Mahila Gram
Udyog, Amul, Narayan Hrudayalaya, Goonj, Frontier Markets
15. Service and mission provision is more valued than income generation