- "Much has been discussed and written recently about the burgeoning arena of social entrepreneurship, broadly defined as the process of using entrepreneurial skills to create innovative solutions to social needs. While relatively new, this idea offers an effective vehicle for skilled, socially-minded individuals to pursue their desires to create for-profit and nonprofit organizations that do well while also doing good."
- "Social entrepreneurship combines the best of two spheres: The objectives of the SE are solely social and are pursued in a business-like entrepreneurial way. Social entrepreneurs play the role of social change agents, by: 1) adopting a mission to create and sustain social value (not just private value), 2) recognizing and relentlessly pursuing new opportunities to serve that mission, 3) engaging in a process of continuous innovation, adaptation, and learning, 4) acting boldly without being limited by resources currently in hand, and 5) exhibiting a heightened sense of accountability to the constituencies served and for the out-comes created. This is clearly an "idealized" definition written by J. Gregory Dees from Stanford Business School. Three important factors come along with this definition. Social entrepreneurs respond to social needs by using effective and efficient business models. They are eager to multiply their business models in other re-gions and countries. Moreover, they always take a pragmatic approach to social needs by embedding their solutions in the local context.
- "Social entrepreneurship is the use of entrepreneurial behavior for social ends rather than for profit objectives, or alternatively, that the profits generated are used for the benefit of a specific disadvantaged group."
- "Social entrepreneurship is the art of simultaneously pursuing both a financial and a social return on investment."
- "(Social entrepreneurial leaders) are persons who create and manage innovative entrepreneurial organizations or ventures whose primary mission is the social change and development of their client group."
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