The paper 'The Social Enterprise Finance Australia " is a good example of a management case study. Social entrepreneurship is growing significantly universally. There has been a significant improvement in the figures of social entrepreneurs investing to solve societal challenges. Currently, Social entrepreneurship is spreading significantly and thus gaining great attention from many corporate philanthropists, international institutions and government. According to Gregory 2011, social enterprises are primarily concerned with the change agents present in the social sector, new opportunities, initiate innovation, adaptation and learning processes. They also adopt a mission that focuses on creating and upholding social value in society.
Lastly, social entrepreneurs’ exhibit heightened responsibility to the constituencies served Social entrepreneurship makes a significant impact on the social value within the public. It has contributed positively to the innovation and entrepreneurship of many new ventures in the market. Recently, the role of markets has changed regarding social and commercial entrepreneurship. The sector is increasingly investing in the economy as well as the quality of life across the region. Through social entrepreneurship, society is able to achieve a vibrant and balanced inclusive economy for the large community.
However, their contributions are not always appreciated. There are four core areas that distinguish social entrepreneurship from commercial entrepreneurship. Social entrepreneurship is characterized by human focus, social mobilization and motivation due to fundamental social impact (Merete et al, 2011, p. 22). A social entrepreneur tends to enact improvements that primarily profit communities, including attractive benefits on social entities as well as the financial investments of the stakeholders. Innovation is one of the key assessment tools used by social entrepreneurs in evaluating their success. Essentially, social entrepreneurship capacity to innovate is often dependent on the structural support offered such as financial and human capital.
Austin, J., Stevenson, H. & Wei-Skillern, J. (2006), ‘Social and commercial entrepreneurship: Same, different or both?’ Entrepreneurship Theory and Practice, January 2006, 30 (1), pp. 1-22.
Colby, S., Stone, N. and Cartar, P (2004), ‘Zeroing in on Impact: In an era of declining resources, nonprofits need to clarify their intended impact’, Stanford Social Innovation Review, Fall 2004, pp. 24-33.
Declaration of Principles concerning Multinational Enterprises and Social Policy: operational prospectus for promotional activities and research, including a tripartite forum. Papers of the Governing Body.
Dej, M., 2009, Large enterprises as a factor triggering social and economic changes in the Polish countryside outside metropolitan areas. Revija Za Geografijo. 4, 87-101.
Eliasson, G., & Eliasson, A., 2006, The Pharmacia story of entrepreneurship and as a creative technical university1 - an experiment in innovation, organizational break up and industrial renaissance. Entrepreneurship & Regional Development. 18, 393-420.
Gregory, W., 2011. Social Enterprise. Business Ethics Quarterly. 21, 196-198.
Kong, E., & Thomson, S., 2006, Intellectual capital and strategic human resource management in social service non-profit organisations in Australia. 213-231. Inderscience Enterprises Ltd. http://eprints.usq.edu.au/6843/
Mcneil, J., 2010. Local Government Leading the Way in Supporting Social Enterprise. Impact. 10-11.
Parker, R., 2000. Small is not Necessarily Beautiful: An Evaluation of Policy Support for Small and Medium-sized Enterprises in Australia, Australian Journal of Political Science. 35, 239-253.
Trivedi, C., & Stokols, D., 2011. Social Enterprises and Corporate Enterprises, The Journal of Entrepreneurship. 20, 1-32.
University, Zutshi, Ambika; Deakin University, & Crofts, Merete; Deakin University, 2011. How do Australian Small and Medium Enterprises Communicate their Environmental Improvement Activities Online? Australasian Journal of Information Systems; Vol 17, No 1 (2011). Australian Computer Society. http://dl.acs.org.au/index.php/ajis/article/view/571.
Walczak-Duraj, D., 2010, Model of Enterpreneurship and Social-cultural and Market Orientation of Small Business Owners in Poland. Comparative Economic Research. 13, 5-25
Wei-Skillern, J., Austin, J., Leonard, H. and Stevenson, H. (2007), Entrepreneurship in the Social Sector, London: Sage Publications
Westlund, H., & Nilsson, E., 2005. Measuring enterprises' investments in social capital: a pilot study, Regional Studies. 39.
Wiseman, D., 2013. The Co-operatives National Law: A new opportunity for co-operative social enterprise in Australia? Part II, Company And Securities Law Journal. 31, 123-130.