From: "The Meaning of Social Entrepreneurship" at https://entrepreneurship.duke.edu/news-item/the-meaning-of-social-entrepreneurship/ AND Chapter 10, Innovation and Entrepreneurship Toolkit

Community based enterprises

emerge from "a process in which the community acts entrepreneurially to create and operate a new enterprise embedded in its existing social structure" (Peredo and Chrisman, 2006)

Entrepreneurial ecosystem

a complex adaptive system that can be compared to a natural ecosystem, like a forest

Social entrepreneurship is not

anti-business

Social entrepreneur

"an individual who targets an unfortunate but stable equilibrium that causes the neglect, marginalization, or suffering of a segment of humanity..." (Martin and Osberg, 2007)

Social entrepreneurs use their skills to

"not only create profitable business ventures, but also to achieve social and environmental goals for the common good" (Zimmerer & Scarborough, 2008)

Community capacity

"the interaction of human capital, organizational resources, and social capital existing within a given community that can be leveraged to solve collective problems and improve or maintain the well-being of a given community" (Chaskin, 2001)

Social entrepreneurs play the role of change agents in the social sector, by

(i) Adopting a mission to create and sustain social value (not just private value), (ii) Recognizing and relentlessly pursuing new opportunities to serve that mission, (iii) Engaging in a process of continuous innovation, adaptation, and learning, (iv) Acting boldly without being limited by resources currently in hand, and (v) Exhibiting heightened accountability to the constituencies served and for the outcomes created.

Social commons

comprised of community members who contribute energy and resources as they work together to create value

Social entrepreneurship

involves employing the principles of entrepreneurship to create organizations that address social issues

Entrepreneurial capacity

refers to evaluating and capitalizing upon the potential to create value (Hindle, 2007)