Social Entrepreneurship-The Need for Inclusive Growth

Social entrepreneurship is one of the most popular words being used in India as well as in various other regions in the world. Social entrepreneurship is a combination of providing entrepreneurship services with an aim to fulfill the economic needs along with attending to the social causes, so as to serve the society better. Social entrepreneurship as a cause directs the needs of the society wherein the enterprise acts as a tool for social change. It pledges to determine the needs of the society that can be met through various social innovations. Social entrepreneurs bring a change in the society by working in areas of education, environment, economic and social issues. The desire of entrepreneurs is social improvement and instead of earning money or making huge profits; their belief is in providing goods and services to the society without earning any profit. Largely, social entrepreneurs have an emotional desire to solve problems faced by the society in a different manner so that it can be used by others as well. This research discusses about the conceptual structure and essence of social entrepreneurship. While pointing out the nature and significance of social entrepreneurship, we'll be discussing the essence on the social environment of nations like India and most importantly being engaged at the grass root level while serving the ones in need.

We conclude that social entrepreneurship is borne by the mission of serving the society and the system of change. Succeeding in achieving this goal is a task that involves a lot of efforts. The paper discusses the different challenges dealt by the social entrepreneurs and in the concluding section of this paper, the propositions to do so will be taken up by recommending few measures to overcome these challenges.