Similarities and Differences Between Social Entrepreneurship and Commercial Entrepreneurship

Similarities and Differences Between Social Entrepreneurship and Commercial EntrepreneurshipContentsIntroduction……………………………………………………………………… 1Definition of Entrepreneurs……………………………………………………….1Definition of Social Entrepreneurship…………………………………………….2Definition of Commercial Entrepreneurship……………………….……………..3The impact of social and commercial entrepreneurship…………………………..4Literature Review of the Similaritiesand Differences Between Social and Commercial Entrepreneurs…………………4   Similarities……………………………………………………………………..4      Entrepreneurial process…………………………………………………….4      Seek outcomes……………………………………………………………..5      Both belong to entrepreneurship field……………………………………..5   Differences……………………………………………………………………….5      Market-driven and mission-driven…………………………………………5      Outcomes measurement……………………………………………………6      The approaches……………………………………………………………..6Examples of Social Entrepreneurship………………………………………………7   Toms……………………………………………………………………………7   Nika water……………………………………………………………………….8   Food Cloud………………………………………………………………………9   Faire Collection………………………………………………………………….9Application…………………………………………………………………………10   Clear mission is important to social entrepreneurship………………………… 10   Balance social mission and market value……………………………………….11   Internal organization management………………………………………………11Conclusion…………………………………………………………………………..12References……………………………………………………………………………13