Social entrepreneurship is the process by which individuals, startups and entrepreneurs develop and fund solutions that directly address social issues. A social entrepreneur, therefore, is a person who explores business opportunities that have a positive impact on their community, in society or the world.
The 10 Most Successful Social Entrepreneurs
- Bill Drayton.
- Rachel Brathen.
- Shiza Shahid.
- Blake Mycoskie.
- Scott Harrison.
- Muhammad Yunus.
- Jeffrey Hollender.
5 Successful Examples of Social Entrepreneurship
- Produced medicinal, herbal, gastronomical and aesthetically focused products that serve the needs of its customers.
- Improved the environment through biodynamic farms.
- Built an educational establishment for children to emphasize creativity and analytical thought.
Elon Musk’s efforts are more directly social-entrepreneurial. He’s helping to move the entire world away from gas powered vehicles (Tesla/Solar City), reducing urban congestion and improving rural life (SpaceX/Starlink), and trying to back up civilization on other planetary bodies (SpaceX).
Ultimately, sustainability relates to 4 distinct areas: people, environment, economic resources, culture. These are the so-called “4 Pillars”. In order to be considered sustainable, business models must simultaneously address, handle and look after all these aspects.