Entrepreneurship has changed as millennials have shifted the way new ventures operate in the face of social engineering. Social entrepreneurs are intent on making a measurable impact on the world and having a lasting impact that changes lives for the better.
Where classical entrepreneurship was focused on creating value in the form of wealth, social entrepreneurs seek to create value by leveraging innovation for global improvement. While profits are still play an important role in motivating social entrepreneurs, it is not the holy grail as is classically imagined in capitalism.
The author of this article lists 10 defining characteristics of social entrepreneurship that help contrast the discipline even further and makes the case that today's social entrepreneurs will become the revolutionary leaders of tomorrow. Social entrepreneurship influences more and more aspect of our lives as technology becomes an inseparable part of life. The increased role of social entrepreneurs then is only a natural result.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.