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Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.
Their comprehensive and thoughtful book offers a great single source for understanding the amazing variety of social entrepreneurs throughout the world." [ 3 ] The Stanford Social Innovation and Review wrote that The Power of Unreasonable People, “should be on the shortlist of required reading on social entrepreneurship.” [ 4 ]
Baumol has argued that entrepreneurship can be either productive or unproductive. [15] Unproductive entrepreneurs may pursue economic rents or crime. Societies differ significantly in how they allocate entrepreneurial activities between the two forms of entrepreneurship, depending on the 'rules of the game' such as the laws in each society.
William Drayton (born 1943) is an American social entrepreneur.Drayton was named by U.S. News & World Report as one of America's 25 Best Leaders in 2005. [1] He is responsible for the rise of the phrase "social entrepreneur", [2] a concept first found in print in 1972.
The Global Entrepreneurship Monitor (GEM) research project is an annual assessment of the national level of entrepreneurial activity in multiple, diverse countries. Today the study counts the participation of 115 countries and with longitudinal data dating back more than 20 years.
Because the world of social entrepreneurship is relatively new, existing now for over a few decades, there are challenges facing those who delve into the field. First, social entrepreneurs are trying to predict, address and creatively respond to future problems [34] and often face difficulties in identifying the right problems to solve. [35]
The stipend is available for up to three years. The organization is very clear that the stipend is only for living expenses and not for funding the social entrepreneur's initiative or organization. [17] Ashoka fellows are connected with successful entrepreneurs in order to help the fellows succeed in implementing their social ideas. [18]
The World Factbook, also known as the CIA World Factbook, [1] is a reference resource produced by the United States' Central Intelligence Agency (CIA) with almanac-style information about the countries of the world. The official print version is available from the Government Publishing Office.