__________ applies innovative approaches to organize,create,and manage a venture to solve the practical needs of society.
A) Corporate welfare
B) Social entrepreneurship
C) Sustainable development
D) Cause marketing
E) Societal capitalism

Question

Quizplus · Accepted Answer

Social entrepreneurship is the practice of using entrepreneurial skills to solve social problems by applying innovative and sustainable approaches to organize, create and manage a venture. It values social impact and seeks to address the practical needs of society. This approach differs from traditional entrepreneurship, where profit is the primary goal. Social entrepreneurs often focus on serving underprivileged or marginalized communities. Examples of social entrepreneurship include TOMS shoes, Warby Parker, and Grameen Bank.

__________ Applies Innovative Approaches to Organize,create,and Manage a Venture to Solve