SOCIAL ENTREPRENEURSHIP AND THE NATURE OF IMPACT ACHIEVED

Abstract

The society most pressing needs all over the world has raised concerns which are comprehensives, deep and quick. The development of any national depends on its social and economic strength as well as the contributions of her citizens. Their contribution now has an important place, but is only relatively recently that this contribution has been recognized by writers outside mainstream economic thinking. As attention has become more focused on the importance of entrepreneurship for economic security and creation of employment opportunities, so greater attention has been directed at social enterprise sector. Thus, the new innovative culture has additionally spread to the social area. Progressively higher expectations are being set on social entrepreneurship in ameliorating social issues facing the world at large. Social entrepreneurship is a concept that covers the individual motivation and leadership behind the pursuit of social objectives. This can be best represented as the activity of pursuing social objectives through entrepreneurial. Accordingly, social business venture can include a somewhat expansive scope of associations and organizations those which acquires assets to implement social objectives. Therefore, the main purpose of this paper is to examine the impact of social entrepreneurship in addressing social issues facing the world. It will explain the importance of the social entrepreneurship, concepts, social issues as well as impacts of social entrepreneurship. Additionally, Nigeria was cited in most cases as an example of such impact.