Exploring Social Entrepreneurship and Impact Ventures: Pathways to Inclusive Growth and Societal Transformation
Keywords:
innovation, sustainability, inclusivity, scalability, and impact measurement.Abstract
Social entrepreneurship has gained increasing recognition as an innovative model that integrates entrepreneurial practices with social responsibility. Unlike conventional businesses that focus primarily on maximizing profits, social enterprises are designed to create measurable social and environmental value while remaining financially sustainable. Impact ventures, a specialized category of social enterprises, intentionally embed systems for measuring their societal and environmental contributions, ensuring that outcomes are both quantifiable and scalable. This shift reflects a broader transformation in business thinking, where profitability is aligned with purpose, and success is defined not only in economic terms but also by societal well-being. The urgency of global challenges such as poverty, inequality, climate change, and inadequate access to education and healthcare highlights the limitations of traditional institutions and underscores the importance of socially driven innovation. Social entrepreneurship addresses these gaps by fostering creativity, leveraging technology, and mobilizing resources to deliver systemic change.
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