Social Entrepreneurship : Creating New Business Models to Serve the Poor

This study investigates social entrepreneurs and how corporations are increasingly expected to accept social and environmental responsibility. Businesses and organizations that cater to basic human needs that existing markets and institutions have failed to satisfy are called social entrepreneurs. Social entrepreneurship combines the innovativeness of traditional entrepreneurs with a mission to change and improve society. Three cases are provided to illustrate the new type of enterprise: (1) The Institute for OneWorld Health, founded by Victoria Hale, a non-profit pharmaceutical company; (2) Sekem, an Egyptian multi-business initiative, founded by Ibrahim Abouleish; and (3) the Grameen Bank, founded by Muhammad Yunus, an economics professor, in Bangladesh.These examples show how social entrepreneurship, as a field of experimentation and innovation, can contribute insights into discovering newcollaborative value creation to meet basic human needs and for corporations to exercise social responsibility. (TNM)