This need for a definition and measure ofentrepreneurship is because, however defined, the entrepreneur is the key to the successful launch of any business.
All of the above tends to reinforce the view that it is difficult, if not impossible to define what an entrepreneur is, and that the word itself can be best used in the past tense to describe a successful business person.
Many successful entrepreneurs have been good at copying others and they qualify as innovators andcreators only by stretching the definition beyond elastic limits.
The same traits shared by two individuals can often lead tovast different results: successful and unsuccessful entrepreneurs can share the characteristics commonly identified.
As well, the studies of the life paths ofentrepreneurs often show decreasing 'entrepreneurship' following success, which tends to disprove the centrality of character or personality traits as a sufficient basis for defining entrepreneurship.
The focus of any predicative element in the selection process, therefore, needs to be on a balance of both entrepreneurial and managerial qualities.
Social entrepreneurs are people who realize where there is an opportunity to satisfy some unmet need that the state welfare system will not or cannot meet, and who gather together the necessary resources (generally people, often volunteers, money, and premises) and use these to “make a difference”.
Often the successful entrepreneur exhibits an incremental approach to risk taking, at each stage exposing him/herself to only a limited, measured amount of personal risk and moving from one stage to another as each decision is proved.
The definition of social entrepreneurship is wide and it comes to such matters as society and business. The latter is defined by as "a branch of social life of people where the relationships become official and there appears a new type of them - mutual standard".
The interest in social entrepreneurs stems from their role in addressing critical social problems and the dedication they show in improving the well-being of society (). The public often hold social entrepreneurs in high regard because of the multitude of social needs they satisfy and the improved life quality they bring to affected societies.
Although the use of the term social entrepreneur is growing rapidly, the field of social entrepreneurship lacks rigour and is in its infancy compared to the wider field of entrepreneurship. Success stories of individuals solving complex social problems are being used to legitimize the field of social entrepreneurship. For example, in 2004, Stanford University launched as part of its Entrepreneurial Design for Extreme Affordability course, which promotes the use of entrepreneurship principles to solve social and environmental problems. The program spun off a number of successful projects, including , , and . Other examples of well-established organizations that are frequently referenced in the literature on social entrepreneurship include: , ,, and the . However, the field is arguably phenomenon-driven () and falls short when compared to areas that are perceived to have greater rigour applied to them. As evidence of this, scholars have yet to link social entrepreneurship to the theory of entrepreneurship and knowledge.
Social networks play a significant role in the success of new entrepreneurial ventures. They provide an accumulation of tangible and intangible resources that are linked to entrepreneurial outcomes such as growth and innovation. The structure of social networks, specifically, has been linked to these outcomes; structural holes in social networks have shown an association with entrepreneurial...